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REGISTERED NUMBER: 10112337 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ONE FOR THE PEOPLE LIMITED

ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONE FOR THE PEOPLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr R Andrews
Mr S Andrews





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 10112337 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,217 35,471
Investments 5 - 100
44,217 35,571

CURRENT ASSETS
Stocks 570,000 211,858
Debtors 6 1,432,007 808,479
Cash at bank and in hand 1,191,242 416,594
3,193,249 1,436,931
CREDITORS
Amounts falling due within one year 7 (1,475,751 ) (549,832 )
NET CURRENT ASSETS 1,717,498 887,099
TOTAL ASSETS LESS CURRENT LIABILITIES 1,761,715 922,670

CREDITORS
Amounts falling due after more than one
year

8

(16,667

)

(56,667

)

PROVISIONS FOR LIABILITIES 11 (9,840 ) (7,575 )
NET ASSETS 1,735,208 858,428

CAPITAL AND RESERVES
Called up share capital 12 150 150
Retained earnings 1,735,058 858,278
SHAREHOLDERS' FUNDS 1,735,208 858,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mr R Andrews - Director


ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

One For The People Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 5,726 48,400 54,126
Additions 6,485 17,000 23,485
At 31 December 2024 12,211 65,400 77,611
DEPRECIATION
At 1 January 2024 1,431 17,224 18,655
Charge for year 2,695 12,044 14,739
At 31 December 2024 4,126 29,268 33,394
NET BOOK VALUE
At 31 December 2024 8,085 36,132 44,217
At 31 December 2023 4,295 31,176 35,471

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 100
Disposals (100 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 100

During the year, One for the People Limited disposed of the entire shareholding in their wholly-owned subsidiary, Hungry Jacks Limited, for a total consideration of £750,000. This has been recognised in the profit and loss account for the year ended 31 December 2024.

ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 960,535 696,703
Amounts owed by group undertakings - 97,294
Other debtors 471,472 14,482
1,432,007 808,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 9) 40,000 40,000
Trade creditors 1,202,208 229,727
Taxation and social security 77,200 114,377
Other creditors 156,343 165,728
1,475,751 549,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 9) 16,667 56,667

9. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 40,000 40,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 16,667 40,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 16,667

ONE FOR THE PEOPLE LIMITED (REGISTERED NUMBER: 10112337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 81,670 81,670
Between one and five years 81,670 163,340
163,340 245,010

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 9,840 7,575

Deferred
tax
£   
Balance at 1 January 2024 7,575
Provided during year 2,265
Balance at 31 December 2024 9,840

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
15,000 Share capital 2 1p 150 150

13. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the employees and the directors. Amounts charged to the profit and loss account were £4,044 (2023: £6,795). There were no outstanding or prepaid contributions at the balance sheet date.