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Registration number: 14945346

Preppy Kitchen UK Ltd

Unaudited Filleted Financial Statements

for the Period from 1 July 2024 to 31 December 2024

 

Preppy Kitchen UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Preppy Kitchen UK Ltd

Company Information

Directors:

Mr B Dow

Mr J K Kanell

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

14945346

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Preppy Kitchen UK Ltd

(Registration number: 14945346)
Balance Sheet as at 31 December 2024

Note

31.12.24

(As restated)

30.06.24

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

621

 

828

CURRENT ASSETS

   

 

Debtors

5

93,704

 

107,341

 

Cash at bank and in hand

 

66,028

 

-

 

 

159,732

 

107,341

 

CREDITORS

   

 

Creditors within 1yr

6

161,377

 

108,698

 

Net current liabilities

   

(1,645)

 

(1,357)

Net liabilities

   

(1,024)

 

(529)

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

(1,025)

 

(530)

Shareholders' deficit

   

(1,024)

 

(529)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 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 30 July 2025

 

Preppy Kitchen UK Ltd

(Registration number: 14945346)
Balance Sheet as at 31 December 2024 (continued)

.........................................
Mr B Dow
Director

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2024

1.

General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 30 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 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.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the basis that the directors and the parent company will provide support for the next 12 months from the date of signing these financial statements.
 

Reclassification of comparative amounts

During the year, the company identified an error in the prior year's financial statements where a parent company recharge had been incorrectly offset against costs, rather than being recognised in income and expenditure separately. The opening balances for the comparative year have been restated accordingly. The correction results in an increase in turnover and a corresponding increase in costs, with no net impact on profit.

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2024 (continued)

2

Accounting policies (continued)

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.

Tax

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.

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

Plant and Machinery

Straight line - 4 years

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.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2024 (continued)

2

Accounting policies (continued)

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3.

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2024 - 0).

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2024 (continued)

4.

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2024

1,035

1,035

At 31 December 2024

1,035

1,035

Depreciation

At 1 July 2024

207

207

Charge for the period

207

207

At 31 December 2024

414

414

Carrying amount

At 31 December 2024

621

621

At 30 June 2024

828

828

5.

Debtors

Current

31.12.24
£

(As restated)

30.06.24
£

Trade debtors

93,704

107,341

 

93,704

107,341

The company is owed £93,707 (2024: £107,345) by its parent company, Food Media And Commerce, LLC, United States.

 

Preppy Kitchen UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2024 (continued)

6.

Creditors

Creditors: amounts falling due within one year

31.12.24
£

(As restated)

30.06.24
£

Due within one year

Taxation and social security

2,123

17,297

Accruals and deferred income

13,200

7,200

Other creditors

146,054

84,201

161,377

108,698

Included in other creditors is £146,053 (2024: £84,201) owed to the director. No interest or repayment terms have been set.