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Company Registration No. 11853702 (England and Wales)
Sweet Life Holdings Limited Unaudited accounts for the year ended 31 March 2026
Sweet Life Holdings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sweet Life Holdings Limited Company Information for the year ended 31 March 2026
Director
Jiten Jayendrakumar SHAH
Company Number
11853702 (England and Wales)
Registered Office
54 WHITCHURCH GARDENS EDGWARE MIDDLESEX HA8 6PD UNITED KINGDOM
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Sweet Life Holdings Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Investments
4
503,698
503,698
Current assets
Debtors
5
574,371
701,290
Cash at bank and in hand
-
42
574,371
701,332
Creditors: amounts falling due within one year
6
-
(47,678)
Net current assets
574,371
653,654
Total assets less current liabilities
1,078,069
1,157,352
Creditors: amounts falling due after more than one year
7
(1,077,969)
(1,157,252)
Net assets
100
100
Capital and reserves
Called up share capital
100
100
Shareholders' funds
100
100
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 May 2026 and were signed on its behalf by
Jiten Jayendrakumar SHAH Director Company Registration No. 11853702
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Sweet Life Holdings Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Sweet Life Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11853702. The registered office is 54 WHITCHURCH GARDENS, EDGWARE, MIDDLESEX, HA8 6PD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. Judgements and key sources of estimation uncertainty In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
3.1 Basis of preparation
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £. The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts , on the basis that the group of which this is the parent qualifies as a small group . The financial statements present information about the company as an individual entity and not about its group
3.2 Fixed assets investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss . A subsidiary is an entity controlled by the company . Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. The company's investment in quoted shares is held for long-term investment. They are carried at cost and not measured at fair value. The directors do not consider that the market value of listed investments represents a permanent diminution in value. This is a departure from the general requirement of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". FRS 102 requires the use of fair value in the measurement of investments in shares which are publicly traded or where the fair value can be measured reliably.
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Sweet Life Holdings Limited Notes to the Accounts for the year ended 31 March 2026
3.3 Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
3.4 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Sweet Life Holdings Limited Notes to the Accounts for the year ended 31 March 2026
3.5 Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
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Sweet Life Holdings Limited Notes to the Accounts for the year ended 31 March 2026
3.6 Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account , except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
4
Investments
Subsidiary undertakings
£
Valuation at 1 April 2025
503,698
Valuation at 31 March 2026
503,698
Fixed asset investments not carried at market value The value of the investment is based on the cost value of the shares purchased. Details of the company's subsidiary (Sweet Life Enterprise Ltd) at 31 March 2025 are as follow: Registered Office: England and Wales Nature of business: Confectionery in specialised stores Class of shares held: Ordinary % held direct: 100 The subsidiary’s financial statements were not available at the reporting date, as an extension had been granted for the filing of its accounts.
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
574,271
701,190
Other debtors
100
100
574,371
701,290
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Sweet Life Holdings Limited Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
47,678
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
321,598
273,920
Other creditors
756,371
758,332
Loans from directors
-
125,000
1,077,969
1,157,252
Aggregate of amounts that fall due for payment after five years
-
883,332
The long-term bank loans are secured by fixed charges over investment . There are two bank loans held by the company at the balance sheet date: Loan 1 : £227,864 Loan 2 : £93,734
8
Transactions with related parties
Included within creditors amounts falling due after one year is an amount of £nil (2025: £125,000) due to a director of the company. The loan is long- term and is interest free.
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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