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Registered number: 11657980
Arabica Kings Cross Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11657980
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 290,871 327,004
290,871 327,004
CURRENT ASSETS
Stocks 5 14,916 14,895
Debtors 6 66,259 108,718
Cash at bank and in hand 105,868 73,885
187,043 197,498
Creditors: Amounts Falling Due Within One Year 7 (1,695,358 ) (1,573,382 )
NET CURRENT ASSETS (LIABILITIES) (1,508,315 ) (1,375,884 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,217,444 ) (1,048,880 )
NET LIABILITIES (1,217,444 ) (1,048,880 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,217,544 ) (1,048,980 )
SHAREHOLDERS' FUNDS (1,217,444) (1,048,880)
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Walters
Director
01/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arabica Kings Cross Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11657980 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% WDV
-
Fixtures & Fittings 25% WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 22)
23 22
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 290,842 460,383 751,225
Additions 1,700 18,568 20,268
As at 30 September 2024 292,542 478,951 771,493
Depreciation
As at 1 October 2023 103,178 321,043 424,221
Provided during the period 19,229 37,172 56,401
As at 30 September 2024 122,407 358,215 480,622
Net Book Value
As at 30 September 2024 170,135 120,736 290,871
As at 1 October 2023 187,664 139,340 327,004
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5. Stocks
2024 2023
£ £
Finished goods 14,916 14,895
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 11,319 11,943
Other debtors 54,940 96,775
66,259 108,718
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,488 30,527
Amounts owed to participating interests 1,335,369 1,187,574
Other creditors 278,133 297,675
Taxation and social security 58,368 57,606
1,695,358 1,573,382
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Arabica Borough Limited by virtue of his ownership of 100% of the issued share capital in the company.
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