REGISTERED NUMBER: 04313578 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REAL PATISSERIE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A D Gourlay

Ms M D Dhont

D Gearing

A Sloley

SECRETARY:

Ms M D Dhont

REGISTERED OFFICE:

Unit 11-13 Grange Road Industrial Estate

Southwick

West Sussex

BN42 4EN

REGISTERED NUMBER:

04313578 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

1,429

2,229

Tangible assets

5

1,230,217

1,302,219

Investments

6

361,595

361,595

1,593,241

1,666,043

CURRENT ASSETS

Stocks

7

56,816

29,000

Debtors

8

598,095

620,901

Cash at bank and in hand

58,986

15,136

713,897

665,037

CREDITORS

Amounts falling due within one year

9

(419,210

)

(373,435

)

NET CURRENT ASSETS

294,687

291,602

TOTAL ASSETS LESS CURRENT LIABILITIES

1,887,928

1,957,645

CREDITORS

Amounts falling due after more than one year

10

(510,413

)

(561,344

)

NET ASSETS

1,377,515

1,396,301

CAPITAL AND RESERVES

Called up share capital

23,100

23,100

Share premium

649,952

649,952

Capital redemption reserve

(147,988

)

(147,988

)

Retained earnings

852,451

871,237

1,377,515

1,396,301

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 30 September 2025 and were signed on its behalf by:

A D Gourlay - Director

1.	STATUTORY INFORMATION

Real Patisserie 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Freehold Property

-

in accordance with the property

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance, 20% on cost and Straight Line over 15 years

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

4,000

AMORTISATION

At 1 January 2024

1,771

Amortisation for year

800

At 31 December 2024

2,571

NET BOOK VALUE

At 31 December 2024

1,429

At 31 December 2023

2,229

5.	TANGIBLE FIXED ASSETS

Improvement

Short

Freehold

to

leasehold

Property

property

£

£

£

COST

At 1 January 2024

17,686

263,895

854,074

Additions

-

-

-

Disposals

-

-

-

At 31 December 2024

17,686

263,895

854,074

DEPRECIATION

At 1 January 2024

3,254

-

107,325

Charge for year

1,179

-

56,938

Eliminated on disposal

-

-

-

At 31 December 2024

4,433

-

164,263

NET BOOK VALUE

At 31 December 2024

13,253

263,895

689,811

At 31 December 2023

14,432

263,895

746,749

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

571,579

133,320

1,840,554

Additions

55,178

26,462

81,640

Disposals

(8,605

)

-

(8,605

)

At 31 December 2024

618,152

159,782

1,913,589

DEPRECIATION

At 1 January 2024

346,877

80,879

538,335

Charge for year

76,473

17,178

151,768

Eliminated on disposal

(6,731

)

-

(6,731

)

At 31 December 2024

416,619

98,057

683,372

NET BOOK VALUE

At 31 December 2024

201,533

61,725

1,230,217

At 31 December 2023

224,702

52,441

1,302,219

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

361,555

40

361,595

NET BOOK VALUE

At 31 December 2024

361,555

40

361,595

At 31 December 2023

361,555

40

361,595

7.

STOCKS

2024

2023

£

£

Stocks

56,816

29,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

340,397

336,646

Amounts owed by group undertakings

96,694

157,744

Other debtors

112,451

96,734

VAT

13,502

9,469

Accrued income

13,928

-

Prepayments

21,123

20,308

598,095

620,901

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

30,376

29,506

Hire purchase contracts (see note 11)

16,577

4,260

Trade creditors

210,918

156,162

Social security and other taxes

29,610

31,290

Other creditors

112,030

102,208

Directors' loan accounts

11,443

50,009

Accrued expenses

8,256

-

419,210

373,435

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

30,376

29,506

Bank loans - 2-5 years

64,727

73,262

Bank loans more 5 yr by instal

64,689

88,272

Hire purchase contracts (see note 11)

19,371

15,575

Directors' loan accounts

331,250

354,729

510,413

561,344

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

64,689

88,272

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

19,154

6,010

Between one and five years

20,783

18,031

39,937

24,041

Finance charges repayable:

Within one year

2,577

1,750

Between one and five years

1,412

2,456

3,989

4,206

Net obligations repayable:

Within one year

16,577

4,260

Between one and five years

19,371

15,575

35,948

19,835

Non-cancellable

operating leases

2024

2023

£

£

Within one year

82,380

82,380

Between one and five years

329,520

329,520

In more than five years

494,280

576,660

906,180

988,560

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, A D Gourlay decreased his loan to the company. As at 31 December 2024, the company owed him £342,693. (2023: £392,097). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A D Gourlay.

This was by virtue of his 61.8% holding of the issued share capital.