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REGISTERED NUMBER: 11058184 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LIFT COFFEE KENSINGTON LIMITED

LIFT COFFEE KENSINGTON LIMITED (REGISTERED NUMBER: 11058

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LIFT COFFEE KENSINGTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: W M C Tsang





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 11058184 (England and Wales)





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

LIFT COFFEE KENSINGTON LIMITED (REGISTERED NUMBER: 11058

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 332,615 376,495

CURRENT ASSETS
Stocks 5 25,000 12,000
Debtors 6 346,677 216,894
Cash at bank and in hand 67,757 45,872
439,434 274,766
CREDITORS
Amounts falling due within one year 7 790,497 695,348
NET CURRENT LIABILITIES (351,063 ) (420,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,448

)

(44,087

)

PROVISIONS FOR LIABILITIES 26,054 27,833
NET LIABILITIES (44,502 ) (71,920 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (44,602 ) (72,020 )
(44,502 ) (71,920 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 KENSINGTON LIMITED (REGISTERED NUMBER: 11058

BALANCE SHEET - continued
30 NOVEMBER 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 9 June 2025 and were signed by:





W M C Tsang - Director


LIFT COFFEE KENSINGTON LIMITED (REGISTERED NUMBER: 11058

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Lift Coffee Kensington Limited 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 creditors exceeding debtors the accounts have been prepared on a going concern basis as the director has indicated that he will continue to support the company.

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.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - Straight line over 3 years

Fixed assets are initially recognised at cost.

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 year 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 KENSINGTON LIMITED (REGISTERED NUMBER: 11058

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 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.

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 8 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 December 2023 442,901 185,685 7,848 636,434
Additions 13,657 18,836 913 33,406
At 30 November 2024 456,558 204,521 8,761 669,840
DEPRECIATION
At 1 December 2023 177,738 76,103 6,098 259,939
Charge for year 50,422 25,684 1,180 77,286
At 30 November 2024 228,160 101,787 7,278 337,225
NET BOOK VALUE
At 30 November 2024 228,398 102,734 1,483 332,615
At 30 November 2023 265,163 109,582 1,750 376,495

5. STOCKS
2024 2023
£    £   
Stocks 25,000 12,000

LIFT COFFEE KENSINGTON LIMITED (REGISTERED NUMBER: 11058

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 342,421 -
Other debtors 4,256 216,894
346,677 216,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,444 24,432
Taxation and social security 48,219 22,573
Other creditors 726,834 648,343
790,497 695,348

8. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH THE DIRECTOR

At the balance sheet date the company had received loans from the director of £699,699 (2023 - £637,513) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.

The company occupies property owned by the company director. No rent was charged during the current and previous period.

TRANSACTIONS WITH RELATED UNDERTAKINGS

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from related undertakings at the balance sheet date amounted to £NIL (2023 - £215,400).

TRANSACTIONS WITH GROUP COMPANIES

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from related undertakings at the balance sheet date amounted to £342,421 (2023 - £NIL).

9. ULTIMATE PARENT COMPANY

In the opinion of the director, with effect from 1 January 2024, Lift Coffee Holdings Limited (a company registered in England & Wales with company number 14554493) is regarded as being the company's ultimate parent company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LIFT COFFEE KENSINGTON LIMITED


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 Kensington Limited for the year ended 30 November 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 Kensington Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lift Coffee Kensington Limited and state those matters that we have agreed to state to the director of Lift Coffee Kensington Limited 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 Kensington Limited and its director for our work or for this report.

It is your duty to ensure that Lift Coffee Kensington Limited 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 Lift Coffee Kensington Limited. You consider that Lift Coffee Kensington Limited 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 Lift Coffee Kensington Limited. 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


9 June 2025