ACCOUNTS - Final Accounts

Company registration number: 08718869

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE


TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE

COMPANY INFORMATION

Directors	Mr P Kempe
	Mrs S Kempe


Registered number	08718869


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Trading Address	6a Tileyard Road
	London
	N7 9AH



Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE REGISTERED NUMBER:08718869

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		27,511		8,939
			27,511		8,939
Current assets
Stocks		23,644		8,461
Debtors: amounts falling due within one year	5	62,224		67,368
Cash at bank and in hand		137,164		35,290
		223,032		111,119
Creditors: amounts falling due within one year	6	(328,184)		(237,080)
Net current liabilities			(105,152)		(125,961)
Total assets less current liabilities			(77,641)		(117,022)

Net liabilities			(77,641)		(117,022)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(77,643)	(117,024)
	(77,641)	(117,022)

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TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE REGISTERED NUMBER:08718869

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr P Kempe

Director

Date: 22 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Tileyard Studios Cafe Limited is a private company limited by shares, incorporated in England & Wales under the Companies Act. The registered office is 4th Floor, 95 Gresham Street, London, EC2V 7AB and principal place of business is 6a Tileyard Road, London, N7 9AH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As at the year end the company was in a net liabilities position of £77,641 (2023: £117,022) as at 31 December 2024. However the Directors are confident that they have secured funding arrangements sufficient to allow the company to trade for the foreseeable future, enabling the company to meet its liabilities with third parties as they fall due. As a result, the Directors have prepared the financial statements on the going concern basis.

2.3

Revenue

Turnover represents amounts receivable for food, catering services and faciliating events, net of VAT and trade discounts. Revenue from food and beverage sales are recognised at the point of sale. Revenue from events are recognised once completed.
The turnover also represents amounts receivable from the landlord for the contribution towards the running of
the Cafe.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model 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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	25%
Fixtures and fittings	-	25%
Computer equipment	-	33%

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 profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 12).

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TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	9,000	10,283	548	19,831
Additions	11,384	12,019	2,685	26,088
At 31 December 2024	20,384	22,302	3,233	45,919
Depreciation
At 1 January 2024	2,897	7,568	427	10,892
Charge for the year on owned assets	3,212	3,361	943	7,516
At 31 December 2024	6,109	10,929	1,370	18,408
Net book value
At 31 December 2024	14,275	11,373	1,863	27,511
At 31 December 2023	6,103	2,715	121	8,939

Debtors

					2024	2023
					£	£


Trade debtors	24,753	17,487
Other debtors	25,681	42,390
Prepayments and accrued income	11,790	7,491
	62,224	67,368

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TILEYARD STUDIOS CAFE LTD T/A VINYL CAFE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	46,737	28,689
Other taxation and social security	64,198	49,984
Other creditors	98,602	154,328
Accruals and deferred income	118,647	4,079
	328,184	237,080

7.	Related party transactions
	At the year end, included within creditors due in less than one year were balances totalling £89,500 (2023 - £142,199) owing to companies under common control.

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