IRIS Accounts Production v25.1.3.33 13819298 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138192982022-12-31138192982023-12-31138192982023-01-012023-12-31138192982021-12-28138192982021-12-292022-12-31138192982022-12-3113819298ns15:EnglandWales2023-01-012023-12-3113819298ns14:PoundSterling2023-01-012023-12-3113819298ns10:Director12023-01-012023-12-3113819298ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113819298ns10:SmallEntities2023-01-012023-12-3113819298ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113819298ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113819298ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113819298ns10:FullAccounts2023-01-012023-12-3113819298ns10:RegisteredOffice2023-01-012023-12-3113819298ns5:CurrentFinancialInstruments2023-12-3113819298ns5:CurrentFinancialInstruments2022-12-3113819298ns5:ShareCapital2023-12-3113819298ns5:ShareCapital2022-12-3113819298ns5:RetainedEarningsAccumulatedLosses2023-12-3113819298ns5:RetainedEarningsAccumulatedLosses2022-12-3113819298ns5:PlantMachinery2022-12-3113819298ns5:PlantMachinery2023-01-012023-12-3113819298ns5:PlantMachinery2023-12-3113819298ns5:PlantMachinery2022-12-3113819298ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3113819298ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31138192981ns10:Director12022-12-31138192981ns10:Director12021-12-28138192981ns10:Director12023-01-012023-12-31138192981ns10:Director12021-12-292022-12-31138192981ns10:Director12023-12-31138192981ns10:Director12022-12-31
REGISTERED NUMBER: 13819298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Caffeine Six Ltd

Caffeine Six Ltd (Registered number: 13819298)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caffeine Six Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T A Creswick





REGISTERED OFFICE: 86-90 Paul Street
London
United Kingdom
EC2A 4NE





REGISTERED NUMBER: 13819298 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Caffeine Six Ltd (Registered number: 13819298)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 346,189 1,054,127

CURRENT ASSETS
Debtors 5 15,285 288,457
Cash at bank 13,724 51,946
29,009 340,403
CREDITORS
Amounts falling due within one year 6 814,021 968,653
NET CURRENT LIABILITIES (785,012 ) (628,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(438,823

)

425,877

CAPITAL AND RESERVES
Called up share capital 1,234,651 1,234,651
Retained earnings (1,673,474 ) (808,774 )
(438,823 ) 425,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 May 2025 and were signed by:





T A Creswick - Director


Caffeine Six Ltd (Registered number: 13819298)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Caffeine Six Ltd 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
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Race cars & car parts - 20% reducing balance method
Computer equipment - 3 years straight line method
Tools & equipment - 3 years straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.

Caffeine Six Ltd (Registered number: 13819298)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,215,575
Additions 17,930
Disposals (684,252 )
At 31 December 2023 549,253
DEPRECIATION
At 1 January 2023 161,448
Charge for year 90,372
Eliminated on disposal (48,756 )
At 31 December 2023 203,064
NET BOOK VALUE
At 31 December 2023 346,189
At 31 December 2022 1,054,127

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,072 -
Other debtors 5,213 288,457
15,285 288,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,385 -
Other creditors 810,636 968,653
814,021 968,653

Caffeine Six Ltd (Registered number: 13819298)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
T A Creswick
Balance outstanding at start of year 965,953 -
Amounts advanced 389,240 965,953
Amounts repaid (546,057 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 809,136 965,953

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan in the name of T A Creswick of £809,136 (FY2022:£965,953) at the year end. This is included in other creditors. This loan is interest free and repayable on demand.