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Registration number: 07009343

Hot Pickle Trading Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Hot Pickle Trading Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Hot Pickle Trading Limited

Company Information

Directors

Mr RJW Pick

Mr P H Hammond

Mr A F St. Clair-Johnson

Registered office

Canterbury Court
Unit 3.09
1-3 Brixton Road
London
SW9 6DE

Accountants

Tayabali & White 5 High Green
Great Shelford
Cambridge
CB22 5EG

 

Hot Pickle Trading Limited

(Registration number: 07009343)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30,282

44,317

Investments

5

853

765

 

31,135

45,082

Current assets

 

Debtors

6

1,281,252

1,393,284

Cash at bank and in hand

 

1,541,059

1,202,493

 

2,822,311

2,595,777

Creditors: Amounts falling due within one year

7

(1,514,577)

(1,562,518)

Net current assets

 

1,307,734

1,033,259

Total assets less current liabilities

 

1,338,869

1,078,341

Provisions for liabilities

(7,309)

(8,112)

Net assets

 

1,331,560

1,070,229

Capital and reserves

 

Called up share capital

8

300

300

Share premium reserve

66,313

66,313

Retained earnings

1,264,947

1,003,616

Shareholders' funds

 

1,331,560

1,070,229

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hot Pickle Trading Limited

(Registration number: 07009343)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr P H Hammond
Director

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 07009343.

The address of its registered office is:
Canterbury Court
Unit 3.09
1-3 Brixton Road
London
SW9 6DE

These financial statements were authorised for issue by the Board on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

Variable rates Reducing balance

Office Improvements

10% Straight Line

Office equipment

20% Straight Line

Bicycles

25% Straight Line

Investments

Investments in equity shares are measured at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 14).

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

36,400

5,753

94,652

2,943

139,748

Additions

-

-

2,233

-

2,233

Disposals

-

-

(26,834)

-

(26,834)

At 30 September 2024

36,400

5,753

70,051

2,943

115,147

Depreciation

At 1 October 2023

36,400

4,129

52,203

2,699

95,431

Charge for the year

-

575

13,418

246

14,239

Eliminated on disposal

-

-

(24,805)

-

(24,805)

At 30 September 2024

36,400

4,704

40,816

2,945

84,865

Carrying amount

At 30 September 2024

-

1,049

29,235

(2)

30,282

At 30 September 2023

-

1,624

42,449

244

44,317

5

Investments

2024
£

2023
£

Investments in subsidiaries

853

765

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Subsidiaries

£

Cost or valuation

At 1 October 2023

765

Additions

88

At 30 September 2024

853

Provision

Carrying amount

At 30 September 2024

853

At 30 September 2023

765

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

506,675

771,048

Amounts owed by related parties

9

270,326

195,927

Prepayments

 

23,058

69,448

Other debtors

 

481,193

356,861

   

1,281,252

1,393,284

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

574,709

662,630

Taxation and social security

310,142

205,451

Accruals and deferred income

582,408

474,951

Other creditors

47,318

219,486

1,514,577

1,562,518

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

81

81

81

81

Ordinary B Shares of £1 each

219

219

219

219

300

300

300

300

9

Related party transactions

Summary of transactions with subsidiaries

Hot Pickle France SAS is a company, incorporated in France, in which Hot Pickle Trading Ltd owns 100% of the share capital.
Included within turnover is £39,725 (2023: £nil) which is the recharge of costs directly attributable to Hot Pickle France. In addition to this were consultancy costs charged by Hot Pickle France to Hot Pickle Trading Ltd of £3,921 (2023: £nil).

At the balance sheet date there was a balance owed from Hot Pickle France of £5,121 (2023: £nil).

 

Hot Pickle Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Hot Pickle Trading USA INC is a company, incorporated in the USA, in which Hot Pickle Trading Ltd owns 100% of the share capital.
Included within turnover is £nil (2023: £92,872) which is the recharge of costs directly attributable to Hot Pickle USA. In addition to this were consultancy costs charged by Hot Pickle USA to Hot Pickle Trading Ltd of £310,963 (2023: £247,377).

At the balance sheet date there was a balance owed from Hot Pickle USA of £265,205 (2023: £195,927) and an amount owed to Hot Pickle USA included in trade creditors of £nil (2023: £247,340).