Company Registration No. 08087213 (England and Wales)
London Food & Beverage Company Limited
Unaudited accounts
for the year ended 31 December 2024
London Food & Beverage Company Limited
Unaudited accounts
Contents
London Food & Beverage Company Limited
Company Information
for the year ended 31 December 2024
Directors
Hamed Al Naqeeb
Farris Al Naqeeb
Mark G Bradley
Company Number
08087213 (England and Wales)
Registered Office
Blackwell House
Guildhall Yard
London
Greater London
EC2V 5AE
United Kingdom
London Food & Beverage Company Limited
Statement of financial position
as at 31 December 2024
Intangible assets
-
230,400
Tangible assets
1,233
4,397
Cash at bank and in hand
33,883
358,567
Creditors: amounts falling due within one year
(392,021)
(402,111)
Net current (liabilities)/assets
(283,215)
123,767
Total assets less current liabilities
(281,982)
358,564
Creditors: amounts falling due after more than one year
-
(338,919)
Provisions for liabilities
Deferred tax
(1,099)
(1,099)
Net (liabilities)/assets
(283,081)
18,546
Called up share capital
1
1
Profit and loss account
(283,082)
18,545
Shareholders' funds
(283,081)
18,546
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Hamed Al Naqeeb
Director
Company Registration No. 08087213
London Food & Beverage Company Limited
Notes to the Accounts
for the year ended 31 December 2024
London Food & Beverage Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08087213. The registered office is Blackwell House, Guildhall Yard, London, Greater London, EC2V 5AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 33.33% Reducing balance
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful economic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 5% Straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
London Food & Beverage Company Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
At 31 December 2024
512,000
Charge for the year
19,200
At 31 December 2024
512,000
At 31 December 2023
230,400
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts due from group undertakings etc.
50,000
50,000
Accrued income and prepayments
6,051
13,273
London Food & Beverage Company Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
50,500
Trade creditors
212
10,412
Amounts owed to group undertakings and other participating interests
335,475
251,000
Taxes and social security
52,824
76,218
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).