ACCOUNTS - Final Accounts preparation

Registered number: 06742081

MORELLI'S CAPPUCCINO HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

MORELLI'S CAPPUCCINO HOLDINGS LIMITED

REGISTERED NUMBER: 06742081

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	5,789		14,035
Cash at bank and in hand		1,227		1,309
		7,016		15,344
Creditors: amounts falling due within one year	5	(840,711)		(844,566)
Net current liabilities			(833,695)		(829,222)
Creditors: amounts falling due after more than one year	6		-		(2,966)

Net liabilities			(833,695)		(832,188)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(833,795)	(832,288)
		(833,695)	(832,188)

The director considers 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 director acknowledges his 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 comprehensive income 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 on 5 November 2025.

E Morelli Schofield

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

MORELLI'S CAPPUCCINO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Morelli's Cappuccino Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 124 Finchley Road, London, NW3 5JS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through its banking facilities and support from its shareholders.
After reviewing the company's forecast and projection, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Page 2

MORELLI'S CAPPUCCINO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Debtors

					2024	2023
					£	£


Other debtors	5,789	14,035

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

Bank loans	2,966	35,591
Other creditors	837,745	808,975
	840,711	844,566

6.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Bank loans	-	2,966

The bank loan is secured by a fixed and floating charge over the assets of the company.

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100

Page 3

MORELLI'S CAPPUCCINO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Related party transactions

At the reporting date, the company owed £199,428 (2023: £170,658) to Morelli's Cappuccino Bars (Broadstairs) Limited, a company in which the director has significant control.
At the reporting date, the company was owed nil (2023: £2,479) by Morelli's Gelato Limited, £3,600 (2023: £3,000) by Morelli's Gelato CG Limited and £2,189 (2023: £8,556) by Morelli's Gelato London (One) Limited, companies in which the director has significant control.
At the reporting date, the company owed a total £638,317 (2023: £638,317) to Morelli family and are included within Other Creditors.

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