Company registration number 13587192 (England and Wales)
THE LARDER (WHITSTABLE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE LARDER (WHITSTABLE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THE LARDER (WHITSTABLE) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
19,748
30,981
Current assets
Stocks
3,500
2,000
Debtors
5
1,598
2,318
Cash at bank and in hand
7,918
3,467
13,016
7,785
Creditors: amounts falling due within one year
6
(100,212)
(92,591)
Net current liabilities
(87,196)
(84,806)
Total assets less current liabilities
(67,448)
(53,825)
Provisions for liabilities
14,223
11,635
Net liabilities
(53,225)
(42,190)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(53,325)
(42,290)
Total equity
(53,225)
(42,190)

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 September 2025 and are signed on its behalf by:
Mr JP Green
Mr J Lee
Director
Director
Company registration number 13587192 (England and Wales)
THE LARDER (WHITSTABLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

The Larder (Whitstable) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor 3 & 4 Cranmere Court , Lustleigh Close, Matford Business Park , Exeter, Devon, EX2 8PW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis as the company continues to have the support of its' directors.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue when payment is received for goods sold.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the life of the lease
Fixtures and fittings
25% Straight line
Computers
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

THE LARDER (WHITSTABLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

THE LARDER (WHITSTABLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

THE LARDER (WHITSTABLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
8
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2024
37,278
15,774
836
53,888
Additions
-
0
-
0
500
500
At 31 December 2024
37,278
15,774
1,336
54,388
Depreciation and impairment
At 1 January 2024
14,912
7,577
418
22,907
Depreciation charged in the year
7,456
3,943
334
11,733
At 31 December 2024
22,368
11,520
752
34,640
Carrying amount
At 31 December 2024
14,910
4,254
584
19,748
At 31 December 2023
22,366
8,197
418
30,981
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
811
1,813
Other debtors
787
505
1,598
2,318
THE LARDER (WHITSTABLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,027
3,913
Taxation and social security
6,129
3,130
Other creditors
89,056
85,548
100,212
92,591
7
Directors' transactions

During the year the directors loaned money to the company. At the balance sheet date the amount due to the directors was £87,492 (2023: £84,335 ).

No interest has been charged and there is no set date for repayment.

2024-12-31 2024-01-01 false false false 09 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr J P Green Mrs E A Coates Mr J Lee 13587192 2024-01-01 2024-12-31 13587192 2024-12-31 13587192 2023-12-31 13587192 core:LeaseholdImprovements 2024-12-31 13587192 core:FurnitureFittings 2024-12-31 13587192 core:ComputerEquipment 2024-12-31 13587192 core:LeaseholdImprovements 2023-12-31 13587192 core:FurnitureFittings 2023-12-31 13587192 core:ComputerEquipment 2023-12-31 13587192 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13587192 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13587192 core:ShareCapital 2024-12-31 13587192 core:ShareCapital 2023-12-31 13587192 core:RetainedEarningsAccumulatedLosses 2024-12-31 13587192 core:RetainedEarningsAccumulatedLosses 2023-12-31 13587192 bus:Director1 2024-01-01 2024-12-31 13587192 bus:Director3 2024-01-01 2024-12-31 13587192 core:LeaseholdImprovements 2024-01-01 2024-12-31 13587192 core:FurnitureFittings 2024-01-01 2024-12-31 13587192 core:ComputerEquipment 2024-01-01 2024-12-31 13587192 2023-01-01 2023-12-31 13587192 core:LeaseholdImprovements 2023-12-31 13587192 core:FurnitureFittings 2023-12-31 13587192 core:ComputerEquipment 2023-12-31 13587192 2023-12-31 13587192 core:CurrentFinancialInstruments 2024-12-31 13587192 core:CurrentFinancialInstruments 2023-12-31 13587192 core:WithinOneYear 2024-12-31 13587192 core:WithinOneYear 2023-12-31 13587192 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13587192 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13587192 bus:FRS102 2024-01-01 2024-12-31 13587192 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13587192 bus:Director2 2024-01-01 2024-12-31 13587192 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP