REGISTERED NUMBER: 13328375 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

The Hutong Bagel Company Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

G Harman

Mrs E Harman

J Harman

Registered office:

Abacus House

129 North Hill

Plymouth

Devon

PL4 8JY

Business address:

160 Cremyll Street

Plymouth

Devon

PL1 3RB

Registered number:

13328375 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

80,887

55,937

Current assets

Stocks

6,695

6,500

Debtors

5

62,447

17,070

Investments

6

10,647

-

Cash at bank

79,348

59,498

159,137

83,068

Creditors

Amounts falling due within one year

7

124,802

87,905

Net current assets/(liabilities)

34,335

(4,837

)

Total assets less current liabilities

115,222

51,100

Creditors

Amounts falling due after more than one year

8

30,470

13,287

Net assets

84,752

37,813

Capital and reserves

Called up share capital

9

99

99

Retained earnings

84,653

37,714

Shareholders' funds

84,752

37,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Mrs E Harman - Director

1.	STATUTORY INFORMATION

The Hutong Cafe Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, subject to the fair value of assets where applicable.

Turnover

Turnover includes revenue earned from the sale of goods net of value added taxes. Turnover from the sale of goods is recognised at the point of sale at the till.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and equipment

15% - 25% reducing balance

Motor vehicles

25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

equipment

vehicles

Totals

£

£

£

Cost

At 1 April 2024

74,380

2,000

76,380

Additions

3,371

32,733

36,104

At 31 March 2025

77,751

34,733

112,484

Depreciation

At 1 April 2024

19,568

875

20,443

Charge for year

8,145

3,009

11,154

At 31 March 2025

27,713

3,884

31,597

Net book value

At 31 March 2025

50,038

30,849

80,887

At 31 March 2024

54,812

1,125

55,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

59,188

-

Other debtors

3,259

17,070

62,447

17,070

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Crypto investments

10,647

-

Investments are stated at fair market value at the balance sheet date. Any gain or loss is then recognised in the profit and loss account.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,667

6,667

Hire purchase contracts

2,702

-

Trade creditors

9,753

15,862

Taxation and social security

75,041

42,026

Other creditors

30,639

23,350

124,802

87,905

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,268

13,287

Hire purchase contracts

25,202

-

30,470

13,287

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

99,000

Ordinary

£0.00

1

99

99

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

G Harman

Balance outstanding at start of year

5,208

(45

)

Amounts advanced

71,828

51,442

Amounts repaid

(77,036

)

(46,189

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,208

J Harman

Balance outstanding at start of year

5,208

(45

)

Amounts advanced

71,828

51,064

Amounts repaid

(77,036

)

(45,811

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,208

Mrs E Harman

Balance outstanding at start of year

5,208

(45

)

Amounts advanced

71,828

51,742

Amounts repaid

(77,036

)

(46,489

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,208

11.	RELATED PARTY DISCLOSURES

Interest of £1,000 each (2024 - £1,000 each) was paid to G Harman, J Harman and Mrs E Harman by the company.

At the balance sheet date, the company was owed £59,188 from Hutong Holdings Limited, the company's parent company.

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Hutong Holdings Limited.