Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01false45No description of principal activity34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11511192 2023-09-01 2024-08-31 11511192 2022-09-01 2023-08-31 11511192 2024-08-31 11511192 2023-08-31 11511192 2022-09-01 11511192 c:Director1 2023-09-01 2024-08-31 11511192 d:PlantMachinery 2023-09-01 2024-08-31 11511192 d:PlantMachinery 2024-08-31 11511192 d:PlantMachinery 2023-08-31 11511192 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11511192 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 11511192 d:FurnitureFittings 2023-09-01 2024-08-31 11511192 d:FurnitureFittings 2024-08-31 11511192 d:FurnitureFittings 2023-08-31 11511192 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11511192 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 11511192 d:OfficeEquipment 2023-09-01 2024-08-31 11511192 d:OfficeEquipment 2024-08-31 11511192 d:OfficeEquipment 2023-08-31 11511192 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11511192 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 11511192 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11511192 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 11511192 d:CurrentFinancialInstruments 2024-08-31 11511192 d:CurrentFinancialInstruments 2023-08-31 11511192 d:Non-currentFinancialInstruments 2024-08-31 11511192 d:Non-currentFinancialInstruments 2023-08-31 11511192 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11511192 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11511192 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 11511192 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 11511192 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 11511192 d:ShareCapital 2023-09-01 2024-08-31 11511192 d:ShareCapital 2024-08-31 11511192 d:ShareCapital 2022-09-01 2023-08-31 11511192 d:ShareCapital 2023-08-31 11511192 d:ShareCapital 2022-09-01 11511192 d:RevaluationReserve 2023-09-01 2024-08-31 11511192 d:RevaluationReserve 2024-08-31 11511192 d:RevaluationReserve 2022-09-01 2023-08-31 11511192 d:RevaluationReserve 2023-08-31 11511192 d:RevaluationReserve 2022-09-01 11511192 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2024-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2023-08-31 11511192 d:RetainedEarningsAccumulatedLosses 2022-09-01 11511192 c:OrdinaryShareClass1 2023-09-01 2024-08-31 11511192 c:OrdinaryShareClass1 2024-08-31 11511192 c:FRS102 2023-09-01 2024-08-31 11511192 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11511192 c:FullAccounts 2023-09-01 2024-08-31 11511192 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11511192 d:WithinOneYear 2024-08-31 11511192 d:WithinOneYear 2023-08-31 11511192 d:BetweenOneFiveYears 2024-08-31 11511192 d:BetweenOneFiveYears 2023-08-31 11511192 d:MoreThanFiveYears 2024-08-31 11511192 d:MoreThanFiveYears 2023-08-31 11511192 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 11511192 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 11511192 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 11511192 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 11511192 5 2023-09-01 2024-08-31 11511192 d:Buildings d:LeasedAssetsHeldAsLessee 2024-08-31 11511192 d:Buildings d:LeasedAssetsHeldAsLessee 2023-08-31 11511192 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-31 11511192 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-31 11511192 d:LeasedAssetsHeldAsLessee 2024-08-31 11511192 d:LeasedAssetsHeldAsLessee 2023-08-31 11511192 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11511192









CONCEPT PATISSERIE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
CONCEPT PATISSERIE LIMITED
REGISTERED NUMBER: 11511192

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
477,565
640,208

Current assets
  

Stocks
 5 
453,665
105,441

Debtors: amounts falling due within one year
 6 
509,321
318,711

Cash at bank and in hand
 7 
2,849
855

  
965,835
425,007

Creditors: amounts falling due within one year
 8 
(2,038,039)
(1,502,816)

Net current liabilities
  
 
 
(1,072,204)
 
 
(1,077,809)

Total assets less current liabilities
  
(594,639)
(437,601)

Creditors: amounts falling due after more than one year
 9 
(71,583)
(121,583)

  

Net liabilities
  
(666,222)
(559,184)


Capital and reserves
  

Called up share capital 
 12 
100
100

Revaluation reserve
  
187,669
228,741

Profit and loss account
  
(853,991)
(788,025)

  
(666,222)
(559,184)


Page 1

 
CONCEPT PATISSERIE LIMITED
REGISTERED NUMBER: 11511192
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 29 August 2025.




P A Solari
Director


The notes on pages 4 to 13 form part of these financial statements.

Page 2

 
CONCEPT PATISSERIE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2023
100
228,741
(788,025)
(559,184)


Comprehensive income for the year

Loss for the year
-
-
(107,038)
(107,038)
Total comprehensive income for the year
-
-
(107,038)
(107,038)

Transfer to/from profit and loss account
-
(41,072)
41,072
-


At 31 August 2024
100
187,669
(853,991)
(666,222)


The notes on pages 4 to 13 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2022
100
262,047
(913,824)
(651,677)


Comprehensive income for the year

Profit for the year
-
-
92,493
92,493
Total comprehensive income for the year
-
-
92,493
92,493

Transfer to/from profit and loss account
-
(33,306)
33,306
-


At 31 August 2023
100
228,741
(788,025)
(559,184)


The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Concept Patisserie Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is First Floor, 10 Village Way, Pinner, England, HA5 5AF.
The company sells food and provides management consultancy services.

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 financial statements are prepared on a going concern basis, despite the company's Statement of financial position showing net liabilities of £666,222 (2023 - £559,184). The director has indicated the willingness and ability to support the company for at least 12 months from the date of the approval of the financial statements, in order for the company to meet its liabilities as they fall due. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern for a period of not less than 12 months from the date of signing of these financial statements. The director has therefore prepared the accounts on a going concern basis.

Page 4

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 5

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
10%
Fixtures & fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 6

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Revaluation of tangible fixed assets

Plant and machinery are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the Statement of comprehensive income.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2023 - 45).

Page 7

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
956,767
101,114
4,076
1,061,957


Disposals
(232,306)
-
-
(232,306)



At 31 August 2024

724,461
101,114
4,076
829,651



Depreciation


At 1 September 2023
326,155
92,016
3,578
421,749


Charge for the year on owned assets
48,643
7,227
27
55,897


Charge for the year on financed assets
27,860
-
-
27,860


Disposals
(153,420)
-
-
(153,420)



At 31 August 2024

249,238
99,243
3,605
352,086



Net book value



At 31 August 2024
475,223
1,871
471
477,565



At 31 August 2023
630,612
9,098
498
640,208

Page 8

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)

If the plant & machinery had not been included at valuation they would have been included under the historical cost conventions as follows:


2024
2023
£
£



Cost
335,519
567,825

Depreciation
(44,828)
(162,818)

290,691
405,007

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:









5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
453,665
105,441

453,665
105,441



6.


Debtors

2024
2023
£
£


Trade debtors
364,501
205,273

Other debtors
126,825
71,713

Prepayments and accrued income
17,995
41,725

509,321
318,711


Page 9

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,849
855

2,849
855



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,000
50,000

Invoice discounting facility
16,327
102,892

Trade creditors
378,072
195,876

Amounts owed to group undertakings
65,458
76,474

Other taxation and social security
264,873
172,245

Obligations under finance lease and hire purchase contracts
16,610
16,610

Other creditors
1,239,399
861,844

Accruals and deferred income
7,300
26,875

2,038,039
1,502,816


The company has taken a chattels mortgage, dated 31 May 2019, with Ablrate Assets Limited. The mortgage is a loan agreement secured against the company's plant and machinery.
Additionally the company has given a debenture to Lloyds Bank Commercial Finance Limited. The debenture covers all amounts owed by the company and is secured by a fixed and floating charge against all other assets of the company.
Obligations under finance leases and hire purchase contracts are secured over the assets to which they
relate.

Page 10

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
46,667
96,667

Net obligations under finance leases and hire purchase contracts
24,916
24,916

71,583
121,583


Obligations under finance leases and hire purchase contracts are secured over the assets to which they
relate.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,000
50,000

Invoice discounting facility
16,327
102,892

Amounts falling due 1-2 years

Bank loans
40,000
50,000

Amounts falling due 2-5 years

Bank loans
6,667
46,667


112,994
249,559



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
16,610
16,610

Between 1-5 years
24,916
24,916

41,526
41,526

Page 11

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,240 (2023 - £12,714). Contributions were payable to the fund at the reporting date £1,789 (2023 - £2,369).


14.


Commitments under operating leases

At 31 August 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
93,239
66,000

Later than 1 year and not later than 5 years
382,860
5,500

Later than 5 years
486,551
-

962,650
71,500


15.


Related party transactions

Included within other creditors is an amount of £28,164 (2023 - £30,235) due to a company with a common director and shareholder.
 
Included within other creditors is an amount of £1,198,777 (2023 - £687,582) due to a company with a common director and shareholder. During the year company received management charges of £220,000 (2023 - 220,000) from this company.
 
Included within other creditors is an amount of £12,868 (2023 - £72,918) due to a former director and shareholder of the company.
Included within other creditors is an amount of £32,465 (
2023 - £Nil) due to the director of the company.
 
Included within amounts owed to group undertakings is an amount of £65,458 (2023 - £76,474) due to the parent company.

Page 12

 
CONCEPT PATISSERIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

16.


Controlling party

Panther Marketing Limited is the immediate and ultimate parent company. P A Solari, the director, is the ultimate controlling party by virtue of his holding in the parent company.

 
Page 13