REGISTERED NUMBER: 08551069 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Distaff Lane Coffee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T J C Evans

S G Burden

C S Fishlock

C D Fishlock

REGISTERED OFFICE:

The Wren

St Nicholas Cole Abbey

114 Queen Victoria Street

London

EC4V 4BJ

REGISTERED NUMBER:

08551069 (England and Wales)

ACCOUNTANTS:

Garside and Co. Limited

Suite 631, Linen Hall

162-168 Regent Street

London

W1B 5TG

FIXED ASSETS

Tangible assets

4

10,181

10,649

CURRENT ASSETS

Stocks

5

4,571

4,841

Debtors

6

243

334

Cash at bank

7,872

10,091

12,686

15,266

CREDITORS

Amounts falling due within one year

7

(14,574

)

(15,655

)

NET CURRENT LIABILITIES

(1,888

)

(389

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,293

10,260

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8,291

10,258

8,293

10,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

C S Fishlock - Director

1.	STATUTORY INFORMATION

Distaff Lane Coffee Limited is a private company, limited by shares , registered in England and Wales. The company's registered number 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.

The financial statements are prepared on the going concern basis.

The financial statements are prepared in pound sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, including discounts and rebates, but excluding value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets 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 provided at the following annual rates in order to write off each asset over its estimated useful life, as follows:

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 20% on reducing balance

Computer equipment

- 33% on cost

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 income statement.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institution, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other payables, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

24,447

36,021

818

61,286

Additions

1,550

-

-

1,550

At 31 December 2024

25,997

36,021

818

62,836

DEPRECIATION

At 1 January 2024

18,325

31,494

818

50,637

Charge for year

1,112

906

-

2,018

At 31 December 2024

19,437

32,400

818

52,655

NET BOOK VALUE

At 31 December 2024

6,560

3,621

-

10,181

At 31 December 2023

6,122

4,527

-

10,649

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

4,571

4,841

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

100

90

Prepayments and accrued income

143

244

243

334

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,048

5,288

Social security and other taxes

(298

)

(397

)

Pension payable

195

176

VAT

10,446

8,423

Other creditors

18

-

Accrued expenses

2,165

2,165

14,574

15,655

8.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of The St Nicholas Cole Abbey Centre for Workplace Ministry Limited, a private company limited by guarantee and incorporated charity in England and Wales, company registration number 07780681 and registered charity number 1147429.

In 2023 a loan of £7,625 to Distaff Lane Coffee Limited was written off. No loans were made to the company in the year ending 31 December 2024.

During the year ended 31 December 2024 the company made total payments of £53,026 payments to The St Nicholas Cole Abbey Centre for Workplace Ministry Limited, comprising £10,026 (2023: £9,633) for staff provision and £43,000 (2023: £10,000) in charitable donations.

The company made donations in kind to its Parent of coffee and cakes for 1-2-1 Bible readings and staff lunches, amounting to £2,500 (2023: £1,970).