REGISTERED NUMBER: 13572909 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CONCEPT KITCHENS HAMPSTEAD LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D Williams

REGISTERED OFFICE:

471 Finchley Road

London

NW3 6HS

REGISTERED NUMBER:

13572909 (England and Wales)

ACCOUNTANTS:

ELM Partners

Chartered Certified Accountants

Southgate Office Village

286a Chase Road

Southgate

London

N14 6HF

FIXED ASSETS

Tangible assets

4

1,592

2,919

CURRENT ASSETS

Stocks

26,120

26,120

Debtors

5

19,819

18,183

Cash at bank

5

52

45,944

44,355

CREDITORS

Amounts falling due within one year

6

161,711

123,258

NET CURRENT LIABILITIES

(115,767

)

(78,903

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(114,175

)

(75,984

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(114,275

)

(76,084

)

SHAREHOLDERS' FUNDS

(114,175

)

(75,984

)

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2025 and were signed by:

D Williams - Director

1.	STATUTORY INFORMATION

Concept Kitchens Hampstead 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 company's showroom is not yet fully functional as there have been some further unexpected delays in completing the showroom refurbishment. The director now expects the store to open towards the end of 2025. Once the showroom opens, the director expects an upturn in future trade that would improve the company's profitability. He has also expressed a willingness to support the company. He, therefore, does not consider that a material uncertainty about the going concern status of the company exists. In making this assessment he has also considered the likely trading conditions and possible support he can provide to the company for a period of twelve months from the date of approval of these accounts.

On this basis, it is deemed appropriate by the director that the financial statements are prepared on a going concern basis.

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 fittings

-

20% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

6,634

DEPRECIATION

At 1 January 2024

3,715

Charge for year

1,327

At 31 December 2024

5,042

NET BOOK VALUE

At 31 December 2024

1,592

At 31 December 2023

2,919

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,000

12,000

Other debtors

7,819

6,183

19,819

18,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

18,711

11,458

Other creditors

143,000

111,800

161,711

123,258

7.	RELATED PARTY DISCLOSURES

Included in 'Creditors: Amounts falling due within one year' is an amount of £142,000 (2023:£110,800) due to D Williams, director of the company. The loan was interest free.