REGISTERED NUMBER: 14420412 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sugarfinery London Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I J Craggs

Mrs A Craggs

REGISTERED OFFICE:

35-37 Crescent Road

Windermere

Cumbria

LA23 1BL

REGISTERED NUMBER:

14420412 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Tangible assets

4

151,233

112,466

CURRENT ASSETS

Stocks

15,000

10,500

Debtors

5

723

2,642

Cash at bank and in hand

2,714

1,261

18,437

14,403

CREDITORS

Amounts falling due within one year

6

(132,754

)

(187,974

)

NET CURRENT LIABILITIES

(114,317

)

(173,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,916

(61,105

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

36,816

(61,205

)

SHAREHOLDERS' FUNDS

36,916

(61,105

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mr I J Craggs - Director

1.	STATUTORY INFORMATION

Sugarfinery London 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.

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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

Taxation

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.

Hire purchase and leasing commitments

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

Going concern note

At the year end the company's assets exceeded its liabilities by £36,916. However there was an inter-company loan write back in the year of £126,000 without this there would have been a loss made in the period and as such the company's ability to continue to operate depends on the support of its Directors. The Financial Statements have been prepared on a going concern basis as the Directors intend to give their support for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Long

to

Plant and

and

leasehold

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2024

39,061

13,492

22,124

45,272

119,949

Additions

2,600

11,431

4,062

46,475

64,568

At 31 March 2025

41,661

24,923

26,186

91,747

184,517

DEPRECIATION

At 1 April 2024

35

1,349

1,383

4,716

7,483

Charge for year

-

2,493

1,550

21,758

25,801

At 31 March 2025

35

3,842

2,933

26,474

33,284

NET BOOK VALUE

At 31 March 2025

41,626

21,081

23,253

65,273

151,233

At 31 March 2024

39,026

12,143

20,741

40,556

112,466

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

723

2,642

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,779

750

Trade creditors

2,358

420

Amounts owed to group undertakings

-

3,273

Taxation and social security

101

29

Other creditors

122,516

183,502

132,754

187,974

7.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

-

2,619

Between one and five years

74,201

99,840

74,201

102,459

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

60

Ordinary A

1

60

60

40

Ordinary B

1

40

40

100

100

9.	RELATED PARTY DISCLOSURES

During the period the Directors loaned to the company a total of £135,611 and were repaid a total of £197,047. The balance outstanding to the Directors at 31.03.2025 is £111,394 (2024 - £172,830). The loans are interest free, unsecured and repayable on demand.