Waffle 21 Ltd - Accounts

Waffle 21 Ltd
Contents Page
For the year ended 30 April 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Waffle 21 Ltd Accountants' Report For the year ended 30 April 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Waffle 21 Ltd for the year ended 30 April 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waffle 21 Ltd for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Waffle 21 Ltd , as a body, in accordance with the terms of our engagement letter dated 09 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of Waffle 21 Ltd and state those matters that we have agreed to state to the Board of Directors of Waffle 21 Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waffle 21 Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Waffle 21 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waffle 21 Ltd . You consider that Waffle 21 Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Waffle 21 Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 30 April 2025. .................................................... Kendall Accountancy Services Limited 2 Exeter Street Cottingham Hull East Yorkshire HU16 4LU 09 September 2025 1

Waffle 21 Ltd
Accountants' Report
For the year ended 30 April 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Waffle 21 Ltd for the year ended 30 April 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waffle 21 Ltd for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Waffle 21 Ltd , as a body, in accordance with the terms of our engagement letter dated 09 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of Waffle 21 Ltd and state those matters that we have agreed to state to the Board of Directors of Waffle 21 Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waffle 21 Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Waffle 21 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waffle 21 Ltd . You consider that Waffle 21 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Waffle 21 Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts

30 April 2025.

....................................................
Kendall Accountancy Services Limited
2 Exeter Street
Cottingham
Hull
East Yorkshire
HU16 4LU
09 September 2025

1

Waffle 21 Ltd
Statement of Financial Position
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,065,503	1,084,396
		1,065,503	1,084,396
Current assets
Debtors		20,844	18,781
Cash at bank and in hand		2,910	8,434
		23,754	27,215
Creditors: amount falling due within one year		(519,071)	(508,907)
Net current assets		(495,317)	(481,692)

Total assets less current liabilities		570,186	602,704
Creditors: amount falling due after more than one year		(842,164)	(848,662)
Net assets		(271,978)	(245,958)

Capital and reserves
Called up share capital	4	3	3
Profit and loss account		(271,981)	(245,961)
Shareholders' funds		(271,978)	(245,958)

For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 09 September 2025 and were signed by:

-------------------------------
Matthew Lax
Director

2

Waffle 21 Ltd
Notes to the Abridged Financial Statements
For the year ended 30 April 2025

General Information

Waffle 21 Ltd is a private company, limited by shares, registered in , registration number 10746993, registration address Colonial House, Swinemoor Lane, Beverley, HU17 0LS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Straight Line
Plant and Machinery	15% Reducing Balance
Fixtures and Fittings	10% Reducing Balance
Computer Equipment	15% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 May 2024	820,307	15,581	402,657	15,625	1,254,170
Additions	-	1,108	6,271	-	7,379
Disposals	-	-	-	-	-
At 30 April 2025	820,307	16,689	408,928	15,625	1,261,549
Depreciation
At 01 May 2024	-	6,243	155,347	8,184	169,774
Charge for year	-	1,389	23,840	1,043	26,272
On disposals	-	-	-	-	-
At 30 April 2025	-	7,632	179,187	9,227	196,046
Net book values
Closing balance as at 30 April 2025	820,307	9,057	229,741	6,398	1,065,503
Opening balance as at 01 May 2024	820,307	9,338	247,310	7,441	1,084,396

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
3 Class A shares of £1.00 each	3		3
	3		3

5.

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
The Bistro @ Waffle 21 Ltd	-		-		13,652		13,702

3


Registered Number: 10746993

WAFFLE 21 LTD

Abridged Accounts

Period of accounts Start date: 01 May 2024 End date: 30 April 2025