REGISTERED NUMBER: 05753363 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

P2M COFFEE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Malik

REGISTERED OFFICE:

291 Neasden Lane

London

NW10 1QR

REGISTERED NUMBER:

05753363 (England and Wales)

ACCOUNTANTS:

Hovnan & Co Ltd

Chartered Accountants

106 Ashurst Road

Cockfosters

London

EN4 9LG

FIXED ASSETS

Intangible assets

4

900

5,254

Tangible assets

5

1,126,381

1,264,173

1,127,281

1,269,427

CURRENT ASSETS

Stocks

55,509

51,788

Debtors

6

1,085,493

884,293

Cash at bank and in hand

124,840

194,189

1,265,842

1,130,270

CREDITORS

Amounts falling due within one year

7

1,101,077

913,500

NET CURRENT ASSETS

164,765

216,770

TOTAL ASSETS LESS CURRENT LIABILITIES

1,292,046

1,486,197

CREDITORS

Amounts falling due after more than one year

8

(317,781

)

(376,312

)

PROVISIONS FOR LIABILITIES

(291,587

)

(314,421

)

NET ASSETS

682,678

795,464

CAPITAL AND RESERVES

Called up share capital

9

880,999

880,999

Retained earnings

(198,321

)

(85,535

)

SHAREHOLDERS' FUNDS

682,678

795,464

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

I Malik - Director

1.	STATUTORY INFORMATION

P2M Coffee 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.

Turnover

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

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.

Franchise fee are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Long leasehold

-

Over life of lease

Improvements to property

-

Over life of lease

Catering equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

15% on reducing balance

All assets are initially recorded at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Going concern

The financial statements are prepared on the basis that the Company will continue in operational existence for the foreseeable future. This means, in particular, that the Profit and Loss account and Balance Sheet assume no intention or necessity to liquidate or curtail significantly the scale of the operation. The financial statements have been prepared on this basis given the continuing financial support of the Company's bankers and directors and its current ability to trade profitability.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 79 (2024 - 91 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

fee

£

COST

At 1 April 2024

173,467

Additions

1,000

Disposals

(10,045

)

At 31 March 2025

164,422

AMORTISATION

At 1 April 2024

168,213

Amortisation for year

741

Eliminated on disposal

(5,432

)

At 31 March 2025

163,522

NET BOOK VALUE

At 31 March 2025

900

At 31 March 2024

5,254

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Catering

leasehold

property

equipment

£

£

£

COST

At 1 April 2024

134,976

1,695,635

447,049

Additions

-

21,578

16,450

Disposals

(26,480

)

(100,467

)

-

At 31 March 2025

108,496

1,616,746

463,499

DEPRECIATION

At 1 April 2024

115,597

819,901

262,686

Charge for year

1,319

73,094

17,331

Eliminated on disposal

(15,877

)

(40,939

)

-

At 31 March 2025

101,039

852,056

280,017

NET BOOK VALUE

At 31 March 2025

7,457

764,690

183,482

At 31 March 2024

19,379

875,734

184,363

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

439,483

80,033

2,797,176

Additions

2,373

577

40,978

Disposals

-

-

(126,947

)

At 31 March 2025

441,856

80,610

2,711,207

DEPRECIATION

At 1 April 2024

302,370

32,449

1,533,003

Charge for year

11,515

5,380

108,639

Eliminated on disposal

-

-

(56,816

)

At 31 March 2025

313,885

37,829

1,584,826

NET BOOK VALUE

At 31 March 2025

127,971

42,781

1,126,381

At 31 March 2024

137,113

47,584

1,264,173

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

23,376

21,261

Other debtors

1,062,117

863,032

1,085,493

884,293

Included in Debtors is an amount of £617,682 (2024 - £400,000) advanced to a connected company. The loan is interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

68,571

68,591

Trade creditors

734,590

507,360

Taxation and social security

128,220

173,192

Other creditors

169,696

164,357

1,101,077

913,500

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

317,781

376,312

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

880,999

Ordinary

1

880,999

880,999

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

I Malik

Balance outstanding at start of year

100,000

100,000

Amounts advanced

25,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

125,000

100,000

Director loan is non interest bearing and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Malik.