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REGISTERED NUMBER: 13819298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Caffeine Six Ltd

Caffeine Six Ltd (Registered number: 13819298)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caffeine Six Ltd

Company Information
for the Year Ended 31 December 2024







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 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 82,577 346,189

CURRENT ASSETS
Debtors 5 56,023 15,285
Cash at bank 5,463 13,724
61,486 29,009
CREDITORS
Amounts falling due within one year 6 1,194,557 814,021
NET CURRENT LIABILITIES (1,133,071 ) (785,012 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,050,494

)

(438,823

)

CAPITAL AND RESERVES
Called up share capital 1,234,651 1,234,651
Retained earnings (2,285,145 ) (1,673,474 )
(1,050,494 ) (438,823 )

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 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 2024

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 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 549,253
Additions 302
Disposals (428,952 )
At 31 December 2024 120,603
DEPRECIATION
At 1 January 2024 203,064
Charge for year 20,841
Eliminated on disposal (185,879 )
At 31 December 2024 38,026
NET BOOK VALUE
At 31 December 2024 82,577
At 31 December 2023 346,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 45,408 10,072
Other debtors 10,615 5,213
56,023 15,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,421 3,385
Other creditors 1,192,136 810,636
1,194,557 814,021

Caffeine Six Ltd (Registered number: 13819298)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
T A Creswick
Balance outstanding at start of year 809,136 965,953
Amounts advanced 480,000 389,240
Amounts repaid (100,000 ) (546,057 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,189,136 809,136

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan in the name of T A Creswick of £1,189,136 (FY2023:£809,136)) at the year end. This is included in other creditors. This loan is interest free and repayable on demand.