1 April 2023 false No description of principal activity Taxfiler 2024.6 true 10430557business:PrivateLimitedCompanyLtd2023-04-012024-03-31 104305572023-03-31 104305572023-04-012024-03-31 10430557business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 10430557business:FilletedAccounts2023-04-012024-03-31 104305572024-03-31 10430557business:Director12023-04-012024-03-31 10430557business:Director22023-04-012024-03-31 10430557business:RegisteredOffice2023-04-012024-03-31 104305572023-03-31 10430557core:WithinOneYear2024-03-31 10430557core:WithinOneYear2023-03-31 10430557core:AfterOneYear2024-03-31 10430557core:AfterOneYear2023-03-31 10430557core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10430557core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10430557core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10430557core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10430557core:PreviouslyStatedAmount2024-03-31 10430557core:PreviouslyStatedAmount2023-03-31 10430557business:SmallEntities2023-04-012024-03-31 10430557countries:EnglandWales2023-04-012024-03-31 10430557core:LandBuildings2023-04-012024-03-31 10430557core:FurnitureFittings2023-04-012024-03-31 10430557core:LandBuildings2023-03-31 10430557core:FurnitureFittings2023-03-31 10430557core:LandBuildings2024-03-31 10430557core:FurnitureFittings2024-03-31 1043055712023-04-012024-03-31 104305572022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10430557 (England and Wales)
Homeslice Cannon Street Limited Unaudited accounts for the year ended 31 March 2024
Homeslice Cannon Street Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Homeslice Cannon Street Limited Company Information for the year ended 31 March 2024
Directors
Mark Wogan Alan Wogan
Company Number
10430557 (England and Wales)
Registered Office
1066 London Road Leigh-On-Sea SS9 3NA
- 3 -
Homeslice Cannon Street Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
296,038 
329,731 
Current assets
Inventories
15,499 
10,021 
Debtors
5
2,375,349 
1,989,643 
Cash at bank and in hand
1,409 
1,562 
2,392,257 
2,001,226 
Creditors: amounts falling due within one year
6
(432,074)
(540,954)
Net current assets
1,960,183 
1,460,272 
Total assets less current liabilities
2,256,221 
1,790,003 
Creditors: amounts falling due after more than one year
7
(2,140,316)
(1,789,156)
Net assets
115,905 
847 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
115,904 
846 
Shareholders' funds
115,905 
847 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by
Mark Wogan Director Company Registration No. 10430557
- 4 -
Homeslice Cannon Street Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Homeslice Cannon Street Limited is a private company, limited by shares, registered in England and Wales, registration number 10430557. The registered office is 1066 London Road, Leigh-On-Sea, SS9 3NA.
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.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Fixtures & fittings
5 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Homeslice Cannon Street Limited Notes to the Accounts for the year ended 31 March 2024
Going concern
The company experienced a significant reduction in trading after the year end and, on 2 December 2024, entered administration, with joint administrators appointed from Begbies Traynor (Central) LLP. The administrators proposed a company voluntary arrangement (the CVA) under Part I of the Insolvency Act 1986. The proposal, with modifications, was approved by the members and creditors of the company on 1 August 2025 and the arrangement took effect on that date. Dominik Thiel-Czerwinke and Louise Donna Baxter of Begbies Traynor (Central) LLP were appointed joint supervisors of the arrangement. The administration ended on 9 October 2025, since when the company has continued to trade under the control of its directors, subject to the terms of the CVA. The directors have assessed the company’s ability to continue as a going concern for a period of at least twelve months from the date on which these financial statements were authorised for issue. In making that assessment they have prepared detailed cash flow forecasts covering that period, reflecting current trading and the contributions payable under the CVA. Those forecasts show that the company is expected to generate sufficient cash flows to meet its obligations under the CVA and its other liabilities as they fall due. The directors have also had regard to the continuing support of the company’s shareholder and fellow group undertakings. The company’s ability to continue as a going concern is dependent upon its continued compliance with the terms of the CVA and upon achieving the levels of trading and cash generation assumed in the directors’ forecasts. These conditions indicate the existence of a material uncertainty which may cast significant doubt upon the company’s ability to continue as a going concern. Having considered the forecasts, the terms of the CVA and the support available to the company, the directors have a reasonable expectation that the company will continue in operational existence for at least twelve months from the date of approval of these financial statements, and they consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern, such as the restatement of assets to their recoverable amounts, the reclassification of fixed assets and long term liabilities as current, or provision for any further liabilities that might arise.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
706,557 
145,078 
851,635 
Additions
46,610 
388 
46,998 
At 31 March 2024
753,167 
145,466 
898,633 
Depreciation
At 1 April 2023
395,495 
126,409 
521,904 
Charge for the year
73,998 
6,693 
80,691 
At 31 March 2024
469,493 
133,102 
602,595 
Net book value
At 31 March 2024
283,674 
12,364 
296,038 
At 31 March 2023
311,062 
18,669 
329,731 
- 6 -
Homeslice Cannon Street Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,380 
- 
Deferred tax asset
1,367 
1,367 
Accrued income and prepayments
5,093 
76,204 
Other debtors
76,376 
92,362 
89,216 
169,933 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,286,133 
1,819,710 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,971 
25,295 
Trade creditors
169,114 
257,329 
Taxes and social security
21,342 
21,342 
Other creditors
42,037 
20,395 
Accruals
165,610 
216,593 
432,074 
540,954 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
2,140,316 
1,789,156 
8
Post balance sheet events
The company entered administration on 2 December 2024. The administrators’ proposal for a company voluntary arrangement under Part I of the Insolvency Act 1986 was approved, with modifications, by the members and creditors of the company on 1 August 2025 and the arrangement took effect on that date. Dominik Thiel-Czerwinke and Louise Donna Baxter of Begbies Traynor (Central) LLP were appointed joint supervisors. The administration ended on 9 October 2025 and control of the company returned to its directors. Under the arrangement the company will make contributions for distribution to its creditors, and the liabilities bound by the arrangement will be compromised in accordance with its terms on successful completion. These are non adjusting events. The liabilities subject to the arrangement are stated in these financial statements at their full contractual amounts; the financial effect of the compromise will depend on the outcome of the arrangement and cannot yet be estimated reliably. See also the going concern note.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -