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REGISTERED NUMBER: 15045145 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024

FOR

LIFT COFFEE SHOREDITCH LTD

LIFT COFFEE SHOREDITCH LTD (REGISTERED NUMBER: 15045145)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LIFT COFFEE SHOREDITCH LTD

COMPANY INFORMATION
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024







DIRECTOR: W M C Tsang





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 15045145 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

LIFT COFFEE SHOREDITCH LTD (REGISTERED NUMBER: 15045145)

BALANCE SHEET
31 AUGUST 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 317,485

CURRENT ASSETS
Stocks 5,000
Debtors 5 5,416
Cash at bank 43,213
53,629
CREDITORS
Amounts falling due within one year 6 464,990
NET CURRENT LIABILITIES (411,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,876

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (93,976 )
(93,876 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

LIFT COFFEE SHOREDITCH LTD (REGISTERED NUMBER: 15045145)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





W M C Tsang - Director


LIFT COFFEE SHOREDITCH LTD (REGISTERED NUMBER: 15045145)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

Lift Coffee Shoreditch 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.

Despite the company's liabilities exceeding its assets, the accounts have been prepared on a going concern basis as the director has indicated that he will continue to support the company for the foreseeable future.

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.
Land and buildings - in accordance with the term of the lease
Plant and machinery etc - 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LIFT COFFEE SHOREDITCH LTD (REGISTERED NUMBER: 15045145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 302,130 54,480 356,610
At 31 August 2024 302,130 54,480 356,610
DEPRECIATION
Charge for period 28,229 10,896 39,125
At 31 August 2024 28,229 10,896 39,125
NET BOOK VALUE
At 31 August 2024 273,901 43,584 317,485

LIFT COFFEE SHOREDITCH LTD (REGISTERED NUMBER: 15045145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 801
Amounts owed by group undertakings 100
Other debtors 4,515
5,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 999
Amounts owed to group undertakings 232,362
Other creditors 231,629
464,990

7. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH GROUP COMPANIES

Non interest bearing loan on which no terms of repayment have been agreed. The amount due from group companies at the balance sheet date amounted to £100.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to group companies at the balance sheet date amounted to £232,362.

TRANSACTIONS WITH THE DIRECTOR

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to the director at the balance sheet date amounted to £229,678.

8. ULTIMATE PARENT COMPANY

In the opinion of the director, the company's ultimate parent company throughout the current period was Lift Coffee Holdings Limited, a company registered in England & Wales with company number 14554493.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LIFT COFFEE SHOREDITCH LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lift Coffee Shoreditch Ltd for the period ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lift Coffee Shoreditch Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lift Coffee Shoreditch Ltd and state those matters that we have agreed to state to the director of Lift Coffee Shoreditch Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lift Coffee Shoreditch Ltd and its director for our work or for this report.

It is your duty to ensure that Lift Coffee Shoreditch Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lift Coffee Shoreditch Ltd. You consider that Lift Coffee Shoreditch Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lift Coffee Shoreditch Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


25 April 2025