Jaded Palates Stores Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Jaded Palates Stores Ltd

Company Information

Directors

Mrs Gillian Mann Mr Brian Renwick

Registered office

42 The Square Chagford Newton Abbot Devon England TQ13 8AH

Accountants

Sally Wonnacott Ltd Chartered CertifiedThornworthy Lodge Chagford Newton Abbot Devon TQ13 8EY

Jaded Palates Stores Ltd

(Registration number: 09907434)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,968	13,886
Tangible assets	5	9,880	12,493
		13,848	26,379
Current assets
Stocks	6	123,200	129,163
Debtors	7	27,976	37,291
Cash at bank and in hand		75,912	63,944
		227,088	230,398
Creditors: Amounts falling due within one year	8	(84,825)	(89,624)
Net current assets		142,263	140,774
Net assets		156,111	167,153
Capital and reserves
Called up share capital	9	122	122
Share premium reserve		203,504	203,504
Retained earnings		(47,515)	(36,473)
Shareholders' funds		156,111	167,153

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2026 and signed on its behalf by:
 

Jaded Palates Stores Ltd

(Registration number: 09907434)
Balance Sheet as at 31 December 2025

......................................... Mrs Gillian Mann Director

......................................... Mr Brian Renwick Director

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
42 The Square
Chagford
Newton Abbot
Devon
TQ13 8AH
England

These financial statements were authorised for issue by the Board on 24 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold	25% reducing balance
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	ten year straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 5).

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	99,179	99,179
At 31 December 2025	99,179	99,179
Amortisation
At 1 January 2025	85,293	85,293
Amortisation charge	9,918	9,918
At 31 December 2025	95,211	95,211
Carrying amount
At 31 December 2025	3,968	3,968
At 31 December 2024	13,886	13,886

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	57,147	6,750	31,937	95,834
Additions	-	-	679	679
At 31 December 2025	57,147	6,750	32,616	96,513
Depreciation
At 1 January 2025	50,038	5,149	28,154	83,341
Charge for the year	1,777	400	1,115	3,292
At 31 December 2025	51,815	5,549	29,269	86,633
Carrying amount
At 31 December 2025	5,332	1,201	3,347	9,880
At 31 December 2024	7,109	1,601	3,783	12,493

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Stocks

	2025 £	2024 £
Other inventories	123,200	129,163

7

Debtors

Current	2025 £	2024 £
Trade debtors	3,931	4,339
Prepayments	4,359	4,334
Other debtors	19,686	28,618
	27,976	37,291

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	61,029	61,435
Taxation and social security	14,650	20,076
Accruals and deferred income	5,111	4,746
Other creditors	4,035	3,367
	84,825	89,624

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	120	120	120	120
Ordinary B of £1 each	1	1	1	1
Ordinary C of £1 each	1	1	1	1
	122	122	122	122

10	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Other payments made to company by director £	At 31 December 2025 £
Mrs Gillian Mann
Owing to/(from) the director at the year end	1,670	658	2,328
Mr Brian Renwick
Owing to/(from) the director at the year end	(28,619)	14,498	(14,121)

Jaded Palates Stores Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2024	At 1 January 2024 £	Other payments made to company by director £	At 31 December 2024 £
Mrs Gillian Mann
Owing to/(from) the director at the year end	520	1,150	1,670
Mr Brian Renwick
Owing to/(from) the director at the year end	312	(28,931)	(28,619)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	59,533	61,731
Contributions paid to money purchase schemes	2,809	2,776
	62,342	64,507