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LUPE'S (BREWER STREET) LIMITED

Registered Number
07006362
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

LUPE'S (BREWER STREET) LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

CONRAN, Edmund Orby
CONRAN, Sage

Registered Address

25-27 Brewer Street
London
W1F 0RR

Registered Number

07006362 (England and Wales)
LUPE'S (BREWER STREET) LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3110,158120,101
110,158120,101
Current assets
Stocks438,03128,773
Debtors224,138216,766
Cash at bank and on hand247,580327,407
509,749572,946
Creditors amounts falling due within one year5(289,985)(292,613)
Net current assets (liabilities)219,764280,333
Total assets less current liabilities329,922400,434
Creditors amounts falling due after one year6(23,364)(57,283)
Provisions for liabilities7(26,271)(24,548)
Net assets280,287318,603
Capital and reserves
Called up share capital22
Profit and loss account280,285318,601
Shareholders' funds280,287318,603
The financial statements were approved and authorised for issue by the Board of Directors on 22 May 2025, and are signed on its behalf by:
CONRAN, Edmund Orby
Director
Registered Company No. 07006362
LUPE'S (BREWER STREET) LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year2326
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 November 23147,221288,23762,405497,863
Additions--4,4874,487
At 31 October 24147,221288,23766,892502,350
Depreciation and impairment
At 01 November 2392,880242,19742,685377,762
Charge for year3,0336,9064,49114,430
At 31 October 2495,913249,10347,176392,192
Net book value
At 31 October 2451,30839,13419,716110,158
At 31 October 2354,34146,04019,720120,101
4.Stocks

2024

2023

££
Raw materials and consumables38,03128,773
Total38,03128,773
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables132,077124,159
Bank borrowings and overdrafts30,00026,081
Taxation and social security82,54076,707
Other creditors1,11028,140
Accrued liabilities and deferred income44,25837,526
Total289,985292,613
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts23,36457,283
Total23,36457,283
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)26,27124,548
Total26,27124,548