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Registered number: 15276365










CAKE & TEA CONSTRUCTION LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
CAKE & TEA CONSTRUCTION LTD
REGISTERED NUMBER: 15276365

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

Current assets
  

Debtors
 4 
32,336

Cash at bank and in hand
  
564

  
32,900

Creditors: amounts falling due within one year
 5 
(29,734)

Net current assets
  
 
 
3,166

Net assets
  
3,166


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
3,165

  
3,166


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D Stirling
Director

Date: 9 August 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CAKE & TEA CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Cake & Tea Construction Ltd is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 15276365 and registered office address is 10 Queen Street Place, London, United Kingdom, EC4R 1AG.
The Company was incorporated on 10 November 2023 and commenced trading on the same date.
The principal activity of the Company is construction.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is a wholly owned subsidiary within Inception Ventures Group Limited, and provides contracting services to other subsidiaries within the Group. 
All costs incurred by the Company are fully recharged to those subsidiaries. As a result, the Company does not generate a profit or incur a loss from its operations. Based on this, the financial statements have been prepared by the directors on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
CAKE & TEA CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

  
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 0.

Page 3

 
CAKE & TEA CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Debtors

2024
£

Trade debtors
1,856

Amounts owed by group undertakings
27,315

Deferred taxation
3,165

32,336


Amounts owed by group undertakings are unsecured, interest free, and payable on demand.


5.


Creditors: amounts falling due within one year

2024
£

Other taxation and social security
29,734



6.


Controlling party

The Company's immediate parent undertaking is Inception Ventures Group Limited.
The Company's ultimate controlling party is D&C Group Holdings Ltd.
The smallest group in which the results of the Company are consolidated is that headed by Inception Ventures Group Limited. A full listing of companies within the Group are disclosed within the financial statements of Inception Ventures Group Limited which are available from Companies House.


7.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 11 August 2025 by Jessica Edwards (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 4