Meli Coffee and Patisserie Limited 15088391 false 2023-08-22 2024-08-31 2024-08-31 The principal activity of the company is the operation of restaurants. Digita Accounts Production Advanced 6.30.9574.0 true true true 15088391 2023-08-22 2024-08-31 15088391 2024-08-31 15088391 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-08-31 15088391 core:CurrentFinancialInstruments 2024-08-31 15088391 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 15088391 core:FurnitureFittingsToolsEquipment 2024-08-31 15088391 core:LandBuildings 2024-08-31 15088391 bus:SmallEntities 2023-08-22 2024-08-31 15088391 bus:AuditExemptWithAccountantsReport 2023-08-22 2024-08-31 15088391 bus:FilletedAccounts 2023-08-22 2024-08-31 15088391 bus:SmallCompaniesRegimeForAccounts 2023-08-22 2024-08-31 15088391 bus:RegisteredOffice 2023-08-22 2024-08-31 15088391 bus:Director3 2023-08-22 2024-08-31 15088391 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-22 2024-08-31 15088391 bus:PrivateLimitedCompanyLtd 2023-08-22 2024-08-31 15088391 core:FurnitureFittingsToolsEquipment 2023-08-22 2024-08-31 15088391 core:LandBuildings 2023-08-22 2024-08-31 15088391 core:OtherRelatedParties 2023-08-22 2024-08-31 15088391 1 2023-08-22 2024-08-31 15088391 countries:England 2023-08-22 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15088391

Meli Coffee and Patisserie Limited

Unaudited Filleted Financial Statements

for the Period from 22 August 2023 to 31 August 2024

 

Meli Coffee and Patisserie Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Meli Coffee and Patisserie Limited

(Registration number: 15088391)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

228,359

Current assets

 

Stocks

5

11,678

Debtors

6

44,065

Cash at bank and in hand

 

8,489

 

64,232

Creditors: Amounts falling due within one year

7

(427,789)

Net current liabilities

 

(363,557)

Net liabilities

 

(135,198)

Capital and reserves

 

Called up share capital

8

100

Retained earnings

(135,298)

Shareholders' deficit

 

(135,198)

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Meli Coffee and Patisserie Limited

(Registration number: 15088391)
Balance Sheet as at 31 August 2024

Approved and authorised by the director on 21 May 2025
 

.........................................
Mr Constantinos Joseph
Director

 

Meli Coffee and Patisserie Limited

Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor Woodgate Studios
2-8 Games Road
Cockfosters
Barnet
Hertfordshire
EN4 9HN

These financial statements were authorised for issue by the director on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Going concern

The company made a loss in the first period of trading and has net current liabilities as well as net liabilities as a result of the loss in the period. The director is confident that the business will improve and report profits in the near future. The going concern basis is dependant upon the continuing financial support of loan creditors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Meli Coffee and Patisserie Limited

Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Reducing balance method

Short leasehold improvements

Over the term of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 19.

 

Meli Coffee and Patisserie Limited

Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

43,008

252,869

295,877

At 31 August 2024

43,008

252,869

295,877

Depreciation

Charge for the period

4,301

63,217

67,518

At 31 August 2024

4,301

63,217

67,518

Carrying amount

At 31 August 2024

38,707

189,652

228,359

Included within the net book value of land and buildings above is £38,707 in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

Finished goods and goods for resale

11,678

6

Debtors

Current

2024
£

Trade debtors

9,723

Other debtors

34,342

 

44,065

 

Meli Coffee and Patisserie Limited

Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

79,174

Taxation and social security

14,561

Other creditors

334,054

427,789

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

9

Related party transactions

Summary of transactions with other related parties

Included in other creditors, amounts falling due within one year is an interest free amount of £11,144 owed to a company under common control.

Included in other creditors, amounts falling due within one year is an interest free amount of £267,986 owed to a former director of the company.

Included in other creditors, amounts falling due within one year is an interest free amount of £36,000 owed to the director of the company.

 

10

Parent and ultimate parent undertaking

The company's parent is Meli Holdings Limited, incorporated in England.