REGISTERED NUMBER: 14631435 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

SMART PATISSERIE (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

V V Le Vesconte

G Hornigold

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

14631435 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

600

800

Tangible assets

5

169,946

203,072

170,546

203,872

Current assets

Stocks

8,500

10,000

Debtors

6

139,481

145,416

Cash at bank

97,613

84,791

245,594

240,207

Creditors

Amounts falling due within one year

7

542,732

523,594

Net current liabilities

(297,138

)

(283,387

)

Total assets less current liabilities

(126,592

)

(79,515

)

Capital and reserves

Called up share capital

9

100

100

Retained earnings

(126,692

)

(79,615

)

Shareholders' funds

(126,592

)

(79,515

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

V V Le Vesconte - Director

1.	Statutory information

Smart Patisserie (U.K.) 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.

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

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.

Going Concern

These financial statements have been prepared on a going concern basis.

At the balance sheet date, the company had net liabilities of £126,592 (2024 - £79,515). The directors have considered this position and are satisfied that the company will be able to continue to trade for the foreseeable future. This assessment considered the company’s forecast trading performance and available financing facilities.

On this basis, the director believes that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

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 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 5 (2024 - 5 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 February 2024

and 31 January 2025

1,000

Amortisation

At 1 February 2024

200

Amortisation for year

200

At 31 January 2025

400

Net book value

At 31 January 2025

600

At 31 January 2024

800

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 February 2024

235,295

10,000

468

245,763

Additions

17,027

-

-

17,027

At 31 January 2025

252,322

10,000

468

262,790

Depreciation

At 1 February 2024

40,296

2,292

103

42,691

Charge for year

48,135

1,927

91

50,153

At 31 January 2025

88,431

4,219

194

92,844

Net book value

At 31 January 2025

163,891

5,781

274

169,946

At 31 January 2024

194,999

7,708

365

203,072

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

78,155

33,298

Other debtors

61,326

112,118

139,481

145,416

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

22,906

14,760

Amounts owed to group undertakings

509,211

499,359

Taxation and social security

7,115

5,975

Other creditors

3,500

3,500

542,732

523,594

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

13,500

13,500

9.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Called up share capital

£1

100

100

10.	Related party disclosures