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REGISTERED NUMBER: 10865635 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Dulwich Pantry Ltd

Dulwich Pantry Ltd (Registered number: 10865635)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Dulwich Pantry Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Grogan
M A Grogan





REGISTERED OFFICE: Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ





REGISTERED NUMBER: 10865635 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dulwich Pantry Ltd

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Dulwich Pantry Ltd for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Board of Directors of Dulwich Pantry Ltd, as a body, in accordance with the terms of our engagement letter dated 18 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Dulwich Pantry Ltd and state those matters that we have agreed to state to the Board of Directors of Dulwich Pantry Ltd, as a body, 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 Dulwich Pantry Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dulwich Pantry 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 profit of Dulwich Pantry Ltd. You consider that Dulwich Pantry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dulwich Pantry 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.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


30 April 2025

Dulwich Pantry Ltd (Registered number: 10865635)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 8,000
Tangible assets 5 81,683 100,966
87,683 108,966

CURRENT ASSETS
Inventories 6,000 6,000
Debtors 6 46,147 46,788
Cash at bank 22,154 25,481
74,301 78,269
CREDITORS
Amounts falling due within one year 7 73,157 103,250
NET CURRENT ASSETS/(LIABILITIES) 1,144 (24,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,827

83,985

CREDITORS
Amounts falling due after more than one year 8 129,928 140,784
NET LIABILITIES (41,101 ) (56,799 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (41,102 ) (56,800 )
SHAREHOLDERS' FUNDS (41,101 ) (56,799 )

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 directors acknowledge their 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.

Dulwich Pantry Ltd (Registered number: 10865635)

Statement of Financial Position - continued
31 December 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





M Grogan - Director


Dulwich Pantry Ltd (Registered number: 10865635)

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

1. STATUTORY INFORMATION

Dulwich Pantry 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

The directors have confirmed that they will continue to support the company for at least the next twelve months and have the financial resources to do so.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% per annum on cost
Fixtures and fittings - 20% per annum on cost
Motor vehicles - 20% per annum on cost
Computer equipment - 20% per annum on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Dulwich Pantry Ltd (Registered number: 10865635)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024 12,000
Charge for year 2,000
At 31 December 2024 14,000
NET BOOK VALUE
At 31 December 2024 6,000
At 31 December 2023 8,000

Dulwich Pantry Ltd (Registered number: 10865635)

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

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 - 9,116 122,110
Additions 2,219 - 11,539
Disposals - - (19,150 )
At 31 December 2024 2,219 9,116 114,499
DEPRECIATION
At 1 January 2024 - 4,573 40,712
Charge for year 444 1,603 18,773
Eliminated on disposal - - (12,128 )
At 31 December 2024 444 6,176 47,357
NET BOOK VALUE
At 31 December 2024 1,775 2,940 67,142
At 31 December 2023 - 4,543 81,398

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 46,444 1,780 179,450
Additions - 220 13,978
Disposals - - (19,150 )
At 31 December 2024 46,444 2,000 174,278
DEPRECIATION
At 1 January 2024 32,110 1,089 78,484
Charge for year 5,059 360 26,239
Eliminated on disposal - - (12,128 )
At 31 December 2024 37,169 1,449 92,595
NET BOOK VALUE
At 31 December 2024 9,275 551 81,683
At 31 December 2023 14,334 691 100,966

Dulwich Pantry Ltd (Registered number: 10865635)

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

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 33,675 32,031
Social security and other taxes 3,267 1,930
Deferred tax asset 1,855 5,477
38,797 39,438

Amounts falling due after more than one year:
Other debtors 7,350 7,350

Aggregate amounts 46,147 46,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,488 5,356
Hire purchase contracts (see note 9) 5,170 9,672
Trade creditors 18,733 19,843
Amounts owed to related parties - 3,068
Social security and other taxes 3,222 4,383
Other creditors 2,531 3,645
Director's current account 36,063 53,001
Accruals and deferred income 1,950 4,282
73,157 103,250

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due within 1-2 years 5,624 5,488
Bank loans due within 2-5 years 17,723 17,294
Bank loans due after 5 years 1,258 7,510
Hire purchase contracts (see note 9) 5,323 10,492
Directors' loan accounts 100,000 100,000
129,928 140,784

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years 1,258 7,510

Dulwich Pantry Ltd (Registered number: 10865635)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,170 9,672
Between one and five years 5,323 10,492
10,493 20,164

Non-cancellable operating leases
2024 2023
£    £   
Within one year 42,401 44,460
Between one and five years 14,339 33,345
56,740 77,805

One of the directors has secured the operating lease payments for the hire of equipment by a personal guarantee.

10. RELATED PARTY DISCLOSURES

C Hayes resigned as director during the prior year and ceased to be a shareholder in the year year before that. He is however a director and shareholder of Alida Group Limited (formerly ARC Event Services Limited), Alida Production Services Limited (formerly Home Counties Catering Hire Limited), Hansons the Caterers Limited and Chard Golden Limited.

During the year, Dulwich Pantry Ltd made sales to Alida Group Limited of £Nil (2023: £6,608).

Dulwich Pantry Ltd also made purchases of £Nil (2023: £334) from Alida Group Limited.

At the balance sheet date, the amounts outstanding were as follows:

2024 2023
Due from Due to Due from Due to
£ £ £ £
Alida Group Limited - - - 668
Alida Productions Services Limited - - - 2,400
- - 3.068

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.