COMPANY REGISTRATION NUMBER:
09197430
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Filleted Unaudited Financial Statements |
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Period from 1 October 2023 to 29 December 2024
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Officers and professional advisers |
1 |
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|
|
Statement of financial position |
2 |
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|
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Notes to the financial statements |
3 |
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Statement of Financial Position |
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29 December 2024
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29 Dec 24 |
30 Sep 23 |
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Note |
£ |
£ |
|
|
|
Current Assets
|
Cash at bank and in hand |
2 |
2 |
|
|
|
|
Creditors: amounts falling due within one year |
4 |
284 |
– |
|
---- |
---- |
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Net Current (Liabilities)/Assets |
(
282) |
2 |
|
---- |
---- |
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Total Assets Less Current Liabilities |
(
282) |
2 |
|
---- |
---- |
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|
|
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Capital and Reserves
|
Called up share capital |
7 |
2 |
2 |
|
Profit and loss account |
(
284) |
– |
|
---- |
---- |
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Shareholders (Deficit)/Funds |
(
282) |
2 |
|
---- |
---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 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 financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 July 2025
, and are signed on behalf of the board by:
Company registration number:
09197430
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Notes to the Financial Statements |
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Period from 1 October 2023 to 29 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is QFM House, Atlas Way, 10 Brightside Lane, Sheffield, S9 3YE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Change of reporting period The financial statements cover the period 1 October 2023 to 29 December 2024 in order to maintain alignment with associated entities, which have changed reporting dates to align with the brands. Due to this the figures within the financial statements for the period ended 29 December 2024 are not entirely comparable with the prior financial year to 30 September 2023. Accounting reference date The company year end is 31 December 2024 (2023: 30 September 2023), however it has taken advantage of the provisions in section 390 of the Companies Act 2006 which allows the company to make accounts up to a date within seven days of the accounting reference date. The company operates it management reporting in four weekly periods and consequently these financial statements are made up to 29 December 2024 (2023: 1 October 2023).
4.
Creditors:
amounts falling due within one year
|
29 Dec 24 |
30 Sep 23 |
|
£ |
£ |
|
Other creditors |
284 |
– |
|
---- |
---- |
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|
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5.
Employees and directors
The Average number of employees during the year was NIL (2023 - NIL).
6.
Contingent liabilities
The bank holds, as security, a fixed charge and a floating debenture over the company's assets in respect of any amounts drawn down on group borrowing facilities and the cross guarantee.
The company's bankers hold an unlimited composite guarantee dated 11 April 2019 between this company and Fieldrose Limited, Mulcroft Limited, S.P.Q. Ltd., Northgate Fast Food Limited, Chicken Villas Limited, Revero Foods Limited (formerly Icoffee Greenland Road Limited), Intracave Limited, Icoffee Limited, Brightside Foods Limited, Icoffee - Rhyl Limited, Icoffee - Selby Limited and Icoffee - Tunstall Limited.
The bank also holds security over certain shares held by the directors.
The total net sum due to the bank by all parties to the guarantee amounted to £35,829,057 (2023: £37,312,722) at the balance sheet date.
7.
Called up share capital
Issued, called up and fully paid
|
29 Dec 24 |
30 Sep 23 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
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---- |
---- |
---- |
---- |
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8.
Events after the end of the reporting period
Following the year end the company has taken ownership of shares in a number of entities owned by the directors/shareholders as part of a restructuring exercise. Whilst the financial effect of this transaction is difficult to accurately estimate the company is now the UK parent of the group and will be required to prepare consolidated financial statements for future years.
9.
Related party transactions
During the period the company received loans from related parties. The balances at 29 December 2024 amounted to £284 (2023: £nil) due to other related parties. All other transactions with these and other related parties were under normal market conditions. Details of guarantees given in respect of entities under the common control of the directors are shown in the contingent liabilities note to these financial statements.