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Registration number: 07109994

The Hampstead Butcher and Providore Ltd Unaudited Financial Statements for the Year Ended 31 March 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

The Hampstead Butcher and Providore Ltd

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Financial Statements | 4 to 8

The Hampstead Butcher and Providore Ltd

Company Information

Directors | P L Matthews B M Karlsson-Matthews

Registered office | 56 Rosslyn Hill London NW3 1ND

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

The Hampstead Butcher and Providore Ltd

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 145,731 | 138,179
Investments | 5 | 100 | 100
|  | 145,831 | 138,279
Current assets |  |  |
Stocks | 6 | 142,117 | 176,288
Debtors | 7 | 80,723 | 192,612
Cash at bank and in hand |  | 3,489,984 | 3,174,710
|  | 3,712,824 | 3,543,610
Creditors: Amounts falling due within one year | 8 | (690,032) | (745,034)
Net current assets |  | 3,022,792 | 2,798,576
Total assets less current liabilities |  | 3,168,623 | 2,936,855
Provisions for liabilities |  | (25,031) | (16,864)
Net assets |  | 3,143,592 | 2,919,991
Capital and reserves |  |  |
Called up share capital |  | 1,001 | 1,001
Share premium reserve |  | 201,121 | 201,121
Retained earnings |  | 2,941,470 | 2,717,869
Shareholders' funds |  | 3,143,592 | 2,919,991

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of The Hampstead Butcher and Providore Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

The Hampstead Butcher and Providore Ltd

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:

.........................................

P L Matthews

Director

Company registration number: 07109994

The Hampstead Butcher and Providore Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of the registered office is:
56 Rosslyn Hill
London
NW3 1ND

The principal activity of the company is that of a butcher, delicatessen, charcuterie, cheese and wine shop and grocer.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going Concern
The company made a profit for the year ended 31 March 2025 and had net assets at that date of £3,143,592, including cash at bank of £3,489,984.
The company has continued to trade very positively in the face of well-reported unfavourable economic conditions.The directors expect sales to grow in the coming year with both offline and online sales being very solid and gross margins holding up very well, with price increases being passed on to customers. Despite short term fluctuations to energy costs and longer-term wage inflation, operating and net profit are expected to grow.
Based on the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue at the point of retail sale or dispatch of online orders.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The Hampstead Butcher and Providore Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold Improvements | Over remaining years of lease on straight line basis
Furniture, Fittings & Equipment | Over 5 years on a straight line basis
Motor Vehicles | Over 4 years on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

The Hampstead Butcher and Providore Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company during the year, was 40 (2024 - 38).

4 | Tangible assets

| Leasehold Improvements £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 432,235 | 508,269 | 18,170 | 958,674
Additions | - | 10,798 | 28,000 | 38,798
Disposals | - | - | (18,170) | (18,170)
At 31 March 2025 | 432,235 | 519,067 | 28,000 | 979,302
Depreciation
At 1 April 2024 | 334,241 | 468,084 | 18,170 | 820,495
Charge for the year | 12,986 | 18,030 | 230 | 31,246
Eliminated on disposal | - | - | (18,170) | (18,170)
At 31 March 2025 | 347,227 | 486,114 | 230 | 833,571
Carrying amount
At 31 March 2025 | 85,008 | 32,953 | 27,770 | 145,731
At 31 March 2024 | 97,994 | 40,185 | - | 138,179

The Hampstead Butcher and Providore Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 April 2024 and 31 March 2025 | 100
Carrying amount
At 31 March 2025 | 100
At 31 March 2024 | 100

6 | Stocks

| 2025 £ | 2024 £
Stock | 142,117 | 176,288

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 80,723 | 192,612
| 80,723 | 192,612

The Hampstead Butcher and Providore Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 270,577 | 337,290
Taxation and social security | 295,678 | 290,284
Accruals and deferred income | 39,081 | 40,861
Other creditors | 84,696 | 76,599
| 690,032 | 745,034

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £2,183,733 (2024 - £1,409,163).

10 | Non adjusting events after the financial period

Subsequent to 31 March 2025, dividends amounting to £422,886 were declared and paid.