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Registration number: 11478190

Academy Coffee Holdings Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2024

 

Academy Coffee Holdings Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Academy Coffee Holdings Limited

Company Information



 

Directors

Ms J E Morgan

Mr SM Baston

Registered office

41 Romilly Park Road
Barry
Vale of Glamorgan
CF62 6RR

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Academy Coffee Holdings Limited

(Registration number: 11478190)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

175,000

175,000

Current assets

 

Cash at bank and in hand

 

25,111

20,000

Creditors: Amounts falling due within one year

(22,365)

(9,097)

Net current assets

 

2,746

10,903

Net assets

 

177,746

185,903

Capital and reserves

 

Called up share capital

5

3

3

Share premium reserve

17,532

-

Retained earnings

160,211

185,900

Shareholders' funds

 

177,746

185,903

 

Academy Coffee Holdings Limited

(Registration number: 11478190)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 4 July 2025 and signed on its behalf by:
 

.........................................

Ms J E Morgan
Director

 

Academy Coffee Holdings Limited

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

1

General information

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

The address of its registered office is:
41 Romilly Park Road
Barry
Vale of Glamorgan
CF62 6RR
Wales

These financial statements were authorised for issue by the Board on 4 July 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 abridged 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 abridged 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 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Academy Coffee Holdings Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Academy Coffee Holdings Limited

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

4

Investments

Total
£

Cost or valuation

At 1 January 2024

175,000

Provision

Carrying amount

At 31 December 2024

175,000

At 31 December 2023

175,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Academy Coffee Limited

41 Romilly Park Road,
Barry, Vale Of Glamorgan,
United Kingdom,
CF62 6RR

Ordinary

100%

100%

 

Academy Coffee Holdings Limited

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

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £0.000010 (2023 - £1) each

200,000

2

2

2

Ordinary B Shares of £0.000005 (2023 - £1) each

210,530

1

1

1

 

410,530

3

3

3

6

Related party transactions

Other transactions with directors

During the year the directors made unsecured, interest free, repayable on demand loans to the company. At the balance sheet date the amount due to the directors was £9,097 (2023 - £9,097).

Summary of transactions with subsidiaries


Academy Coffee Limited

 
During the year the company received unsecured, interest free, repayable on demand loans from its subsidiary company of £13,268 (2023 - £nil). At the balance sheet date the amount due to the subsidiary was £13,268 (2023 - £nil).