IRIS Accounts Production v25.4.12.37 11473781 director 1.1.24 31.12.24 31.12.24 3.3.26 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11473781 2023-12-31 11473781 2024-12-31 11473781 2024-01-01 2024-12-31 11473781 2022-12-31 11473781 2023-01-01 2023-12-31 11473781 2023-12-31 11473781 ns15:EnglandWales 2024-01-01 2024-12-31 11473781 ns14:PoundSterling 2024-01-01 2024-12-31 11473781 ns10:Director1 2024-01-01 2024-12-31 11473781 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11473781 ns10:SmallEntities 2024-01-01 2024-12-31 11473781 ns10:Audited 2024-01-01 2024-12-31 11473781 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11473781 ns10:FullAccounts 2024-01-01 2024-12-31 11473781 1 2024-01-01 2024-12-31 11473781 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 11473781 ns10:CompanySecretary1 2024-01-01 2024-12-31 11473781 ns10:RegisteredOffice 2024-01-01 2024-12-31 11473781 ns5:CurrentFinancialInstruments 2024-12-31 11473781 ns5:CurrentFinancialInstruments 2023-12-31 11473781 ns5:ShareCapital 2024-12-31 11473781 ns5:ShareCapital 2023-12-31 11473781 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 11473781 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 11473781 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 11473781 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 11473781 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 11473781 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 11473781 ns5:LeaseholdImprovements 2023-12-31 11473781 ns5:PlantMachinery 2023-12-31 11473781 ns5:FurnitureFittings 2023-12-31 11473781 ns5:ComputerEquipment 2023-12-31 11473781 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 11473781 ns5:PlantMachinery 2024-01-01 2024-12-31 11473781 ns5:FurnitureFittings 2024-01-01 2024-12-31 11473781 ns5:ComputerEquipment 2024-01-01 2024-12-31 11473781 ns5:LeaseholdImprovements 2024-12-31 11473781 ns5:PlantMachinery 2024-12-31 11473781 ns5:FurnitureFittings 2024-12-31 11473781 ns5:ComputerEquipment 2024-12-31 11473781 ns5:LeaseholdImprovements 2023-12-31 11473781 ns5:PlantMachinery 2023-12-31 11473781 ns5:FurnitureFittings 2023-12-31 11473781 ns5:ComputerEquipment 2023-12-31 11473781 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 11473781 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 11473781 ns5:CurrentFinancialInstruments 2024-01-01 2024-12-31 11473781 ns5:WithinOneYear 2024-12-31 11473781 ns5:WithinOneYear 2023-12-31 11473781 ns5:BetweenOneFiveYears 2024-12-31 11473781 ns5:BetweenOneFiveYears 2023-12-31 11473781 ns5:MoreThanFiveYears 2024-12-31 11473781 ns5:MoreThanFiveYears 2023-12-31 11473781 ns5:AllPeriods 2024-12-31 11473781 ns5:AllPeriods 2023-12-31 11473781 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: 11473781 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

CDL CHOCOLATE LTD

CDL CHOCOLATE LTD (Registered number: 11473781)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

CDL CHOCOLATE LTD

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | Frederic Rivierre

| SECRETARY: | Pramex International Ltd

| REGISTERED OFFICE: | 11 Old Jewry

| London

| United Kingdom

| EC2R 8DU

| REGISTERED NUMBER: | 11473781 (England and Wales)

| AUDITORS: | Baker Tilly Ireland Audit Limited

| Chartered Certified Accountants and

| Statutory Auditor

| 9 Exchange Place

| International Financial Services Centre

| Dublin

| Ireland

| D01 X8H2

| BANK: | Barclays

| 2 Churchill Pl,

| London E14 5RB

CDL CHOCOLATE LTD (Registered number: 11473781)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,753 |  | 4,961 |  |

Tangible assets | 5 | 780,935 |  | 865,481 |  |

782,688 |  | 870,442 |  |

CURRENT ASSETS

Stocks | 6 | 40,266 |  | 42,773 |  |

Debtors | 7 | 250,575 |  | 254,574 |  |

Cash at bank | 255,095 |  | 227,684 |  |

545,936 |  | 525,031 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,487,082 |  | 2,338,051 |  |

NET CURRENT LIABILITIES | (1,941,146 | ) | (1,813,020 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,158,458 | ) | (942,578 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Retained earnings | (1,159,458 | ) | (943,578 | ) |

SHAREHOLDERS' FUNDS | (1,158,458 | ) | (942,578 | ) |

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 3 March 2026 and were signed by:

Frederic Rivierre - Director

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| CDL CHOCOLATE LTD is a private company, limited by shares, Incorporated and 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 (£).

| Pound Sterling (£) is also the functional currency.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention unless otherwise specified, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value, and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.The following principal accounting policies have been applied.

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Critical accounting judgements and estimates

| The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

| Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

| (a) Establishing useful economic lives for depreciation purposes of tangible fixed assets

| Long-lived assets- consisting primarily of Property, Plant and Machinery, Fixtures and Fittings and Computer Equipment. The annual depreciation charge depends primarily on the estimated useful economic lives of each type of asset and estimates of residual values. The directors regularly review the useful economic lives of these assets and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset useful lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful economic lives is included in the accounting policies.

| (b) Provision for doubtful debts

| The company makes an estimate of the recoverable value of trade and other debtors. The company uses estimates based on historical experience in determining the level of debts, which the company believes, will not be collected. These estimates include such factors as the current credit rating of the debtor, the ageing profile of debtors and historical experience. Any significant reduction in the level of customers that default on payments or other significant improvements that resulted in a reduction in the level of bad debt provision would have a positive impact on the operating results. The level of provision required is reviewed on an on-going basis.

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognized:

| Sale of goods:

| Revenue from the sale of goods is recognized when all of the following conditions are satisfied:

| - The company has transferred the significant risks and rewards of ownership to the buyer,

| - The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold,

| - The amount of revenue can be measured reliably,

| - It is probable that economic benefits associated with the transaction will flow to the entity; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| 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.

| Computer software is being amortised evenly over its estimated useful life of 5 years.

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The company adds to the carrying amounts of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognized.

| Repairs and maintenance are charged to the profit or loss during the period in which they are incurred.

| Depreciation is provided on the following basis:

| Computer Equipment - 33% on cost

| Plant and Machinery - 33% on cost

| Improvements to Property - 10% on Cost

| Fixture and Fittings -20% on Cost

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized within "administrative expenses" in the profit and loss account.

| 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.

| 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 in which they relate. Amounts not paid are shown in accruals as a liability in the Balance Sheet.

| The assets of the plan are held separately from the company in independently administered funds.

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2023 - 16 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 16,004 |  |

| AMORTISATION

| At 1 January 2024 | 11,043 |  |

| Charge for year | 3,208 |  |

| At 31 December 2024 | 14,251 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,753 |  |

| At 31 December 2023 | 4,961 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 920,770 |  | 182,913 |  | 8,214 |  | 15,433 |  | 1,127,330 |  |

| Additions | 30,169 |  | - |  | - |  | 1,186 |  | 31,355 |  |

| At 31 December 2024 | 950,939 |  | 182,913 |  | 8,214 |  | 16,619 |  | 1,158,685 |  |

| DEPRECIATION

| At 1 January 2024 | 197,431 |  | 49,312 |  | 8,214 |  | 6,892 |  | 261,849 |  |

| Charge for year | 93,196 |  | 18,348 |  | - |  | 4,357 |  | 115,901 |  |

| At 31 December 2024 | 290,627 |  | 67,660 |  | 8,214 |  | 11,249 |  | 377,750 |  |

| NET BOOK VALUE

| At 31 December 2024 | 660,312 |  | 115,253 |  | - |  | 5,370 |  | 780,935 |  |

| At 31 December 2023 | 723,339 |  | 133,601 |  | - |  | 8,541 |  | 865,481 |  |

6. | STOCKS

| 31.12.24 |  | 31.12.23

£ | £ |

| Stocks | 40,266 |  | 42,773 |  |

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 93,837 |  | 93,319 |  |

| Other debtors | 78,515 |  | 127,890 |  |

| VAT | - |  | 7,145 |  |

| Accrued income and prepayments | 78,223 |  | 26,220 |  |

250,575 |  | 254,574 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 24,205 |  | 54,346 |  |

| Amounts owed to group undertakings | 2,294,427 |  | 2,057,272 |  |

| Social security and other taxes | - |  | 10,054 |  |

| VAT | 909 |  | - |  |

| Other creditors | 910 |  | 952 |  |

| Accruals | 166,631 |  | 215,427 |  |

2,487,082 |  | 2,338,051 |  |

| Trade creditors are payable at various dates over the coming months in accordance with the suppliers' usual and customary credit terms.

| The term of the accruals are based on the underlying contracts.

| Taxes including social insurance are payable at various dates over the coming months in accordance with the applicable statutory provisions.

| Amount owing to the group undertakings are unsecured, interest free and repayable on demand.

9. | LEASING AGREEMENTS

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 225,000 |  | 225,000 |  |

| Between one and five years | 991,164 |  | 1,041,164 |  |

| In more than five years | 315,959 |  | 525,000 |  |

1,532,123 |  | 1,791,164 |  |

CDL CHOCOLATE LTD (Registered number: 11473781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 1,000 | Ordinary | 1 | 1,000 |  | 1,000 |  |

| Each Ordinary Share represents one vote. There are no restrictions or preferences placed on the shares. Dividends are declared and paid at the discretion of the directors.

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Aidan Scollard (Senior Statutory Auditor)

| for and on behalf of Baker Tilly Ireland Audit Limited

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is Cooking Development Limited, a company registered in the UK whose registered address is 11 Old Jewry EC2R 8DU.

| The ultimate parent company is Ducasse Développement SA, a company registered in Belgium, at PO BOX Bte 8, Avenue Louise 287 Bte 8, Ixelles, Belgium, 105.

| The parent undertaking of the smallest and largest group of undertakings for which group financial statements are drawn up, and of which the company is a member, is Ducasse Développement SA. These consolidated financial statements are available at Avenue Louise 287/8, 1050 Ixelles, Belgium

14. | POST BALANCE SHEET EVENTS

| There have been no significant events affecting the company since the financial year end.