Company Registration No. 10430557 (England and Wales)
Homeslice Cannon Street Limited
Unaudited accounts
for the year ended 31 March 2025
Homeslice Cannon Street Limited
Unaudited accounts
Contents
Homeslice Cannon Street Limited
Company Information
for the year ended 31 March 2025
Directors
Mark Wogan
Alan Wogan
Company Number
10430557 (England and Wales)
Registered Office
1066 London Road
Leigh-On-Sea
SS9 3NA
Homeslice Cannon Street Limited
Statement of financial position
as at 31 March 2025
Tangible assets
215,847
296,038
Debtors
2,148,308
2,375,349
Cash at bank and in hand
1,173
1,409
Creditors: amounts falling due within one year
(283,807)
(432,074)
Net current assets
1,865,674
1,960,183
Total assets less current liabilities
2,081,521
2,256,221
Creditors: amounts falling due after more than one year
(2,199,519)
(2,140,316)
Net (liabilities)/assets
(117,998)
115,905
Called up share capital
1
1
Profit and loss account
(117,999)
115,904
Shareholders' funds
(117,998)
115,905
For the year ending 31 March 2025 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
Homeslice Cannon Street Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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.
Homeslice Cannon Street Limited
Notes to the Accounts
for the year ended 31 March 2025
The company experienced a significant reduction in tradduirng the year 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 2024
753,167
145,466
898,633
At 31 March 2025
753,167
145,481
898,648
At 1 April 2024
469,493
133,102
602,595
Charge for the year
75,317
4,889
80,206
At 31 March 2025
544,810
137,991
682,801
At 31 March 2025
208,357
7,490
215,847
At 31 March 2024
283,674
12,364
296,038
Homeslice Cannon Street Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Deferred tax asset
1,367
1,367
Accrued income and prepayments
6,978
5,093
Other debtors
3,512
76,376
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,136,451
2,286,133
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
77,697
169,114
Taxes and social security
21,342
21,342
Other creditors
12,692
42,037
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
2,199,519
2,140,316
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 (2024: 0).