Little Chelsea Holdings (Aberdeen) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Little Chelsea Holdings (Aberdeen) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC559996 . The registered office is Brodies House, 31-33 Union Grove, Aberdeen, AB10 6SD.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. We confirm that the directors will continue to support the company for this period.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvements to property	10% on cost
Long Leasehold	10% on cost
Plant & Machinery	33% on cost
Fixtures & Fittings	10% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

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

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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Little Chelsea Holdings (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 10)

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Little Chelsea Holdings (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Improvements to property	Long Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	262,261	3,404	3,180	38,837
Additions	-	-	1,878	-
Disposals	(1,592 )	-	(801 )	(1,463 )

As at 31 March 2025	260,669	3,404	4,257	37,374

Depreciation
As at 1 April 2024	174,702	2,298	2,855	21,776
Provided during the period	26,067	340	221	3,737
Disposals	(977 )	-	(681 )	(965 )

As at 31 March 2025	199,792	2,638	2,395	24,548

Net Book Value
As at 31 March 2025	60,877	766	1,862	12,826

As at 1 April 2024	87,559	1,106	325	17,061


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	10,577	318,259
Additions	465	2,343
Disposals	-	(3,856 )

As at 31 March 2025	11,042	316,746

Depreciation
As at 1 April 2024	9,719	211,350
Provided during the period	600	30,965
Disposals	-	(2,623 )

As at 31 March 2025	10,319	239,692

Net Book Value
As at 31 March 2025	723	77,054

As at 1 April 2024	858	106,909

5. Stocks

	2025	2024
	£	£
Stock	2,000	2,200

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Little Chelsea Holdings (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,036	172
Prepayments and accrued income	18,487	9,489
Other debtors	565	410
Amounts owed by associates	27,849	30,238

	49,937	40,309

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	37,263	50,030
Bank loans and overdrafts	5,556	5,556
Other loans	90,000	90,000
Other creditors	13,003	20,772
Taxation and social security	26,480	19,642

	172,302	186,000

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	23,148	28,705

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	926		6,482

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	26,245	26,245
Deferred taxation	(7,173 )	(7,173 )

Balance at 31 March 2025	19,072	19,072

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	25,000	25,000
Later than one year and not later than five years	37,500	62,500

	62,500	87,500

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Little Chelsea Holdings (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

Grape & Grain Glasgow Limited is a company under common control of the director.

During the year, the company paid expenses on behalf of Grape & Grain Glasgow Limited of £796 (2024: £2,169). As at the year end, Grape & Grain Glasgow Limited owed a balance of £8,437 (2024: £7,641) to the company in respect of these expenses.

Grape & Grain Edinburgh Limited is a company under common control of the director.

During the year, the company paid expenses on behalf of Grape & Grain Edinburgh Limited of £796 (2024: £466). As at the year end, Grape & Grain Edinburgh Limited owed a balance of £4,000 (2024: £3,204) to the company in respect of these expenses.

Mediterranean Aberdeen Limited (Formerly Grape & Grain Scotland Limited) is a company under common control of the director. During the year, the company paid expenses on behalf of Mediterranean Aberdeen Limited of £2,090 (2024: £14,764). As at the year end, Mediterranean Aberdeen Limited was due £15,412 (2024: £17,502) to the company in respect of these expenses.

PCL Group Limited is a company under common control of the director.

During the year, the company made net loan repayments to PCL Group Limited of £Nil (2024: £26,000). As at the year end, the company was due £Nil from PCL Group, (2024: £1,891) to PCL Group Limited in respect of these loans.

12. Ultimate Controlling Party

The company's ultimate controlling party is Ms J Forbes .

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		77,054		106,909

			77,054		106,909
CURRENT ASSETS
Stocks	5	2,000		2,200
Debtors	6	49,937		40,309
Cash at bank and in hand		44,592		38,917

		96,529		81,426
Creditors: Amounts Falling Due Within One Year	7	(172,302 )		(186,000 )

NET CURRENT ASSETS (LIABILITIES)			(75,773 )		(104,574 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,281		2,335

Creditors: Amounts Falling Due After More Than One Year	8		(23,148 )		(28,705 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,072 )		(26,245 )

NET LIABILITIES			(40,939 )		(52,615 )

Profit and Loss Account			(40,939 )		(52,615 )

SHAREHOLDERS' FUNDS			(40,939)		(52,615)