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Registered number: 06222631 (England & Wales)
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
30 APRIL 2026
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Pages for Filing with Registrar
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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CONTENTS
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Notes to the Financial Statements
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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COMPANY INFORMATION
- 1 -
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Registered number: 06222631 (England & Wales)
GOURMET COFFEE BAR AND KITCHEN LIMITED
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BALANCE SHEET
AS AT 30 APRIL 2026
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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- 2 -
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Registered number: 06222631 (England & Wales)
GOURMET COFFEE BAR AND KITCHEN LIMITED
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BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2026
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the Directors' Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 10 form part of these financial statements.
- 3 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
Gourmet Coffee Bar and Kitchen Limited is a private company limited by share capital, incorporated in England and Wales, registered number 06222631. The address of the registered office is 40 Queen Anne Street, London W1G 9EL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention and in accordance with Section 1A - small entities of Financial Reporting Standard 102, the 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. As at the date these financial statements are signed, the directors have considered the available information about the future, and expect the company to have sufficient financial resources and support to enable the company to meet its liabilities as they fall due, for a period of at least twelve months, from the date these financial statements are approved.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. 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 turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
∙the company has transferred the significant risks and rewards of ownership to the buyer;
∙the amount of turnover can be measured reliably;
∙it is probable that the company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
- 4 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.Accounting policies (continued)
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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
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Over the remainder of the lease
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25% reducing balance or 10% - 25% straight line
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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 recognised in the Profit and Loss Account.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss Account.
Short-term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
- 5 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.Accounting policies (continued)
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Profit and Loss Account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Operating leases: the company as lessee
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Rentals paid under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.
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Leased assets: the company as lessee
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Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and Loss Account so as to produce a constant periodic rate of charge on the net obligation outstanding in each year.
All borrowing costs are recognised in the Profit and Loss Account in the year in which they are incurred.
- 6 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.Accounting policies (continued)
The tax expense for the year comprises current and deferred tax.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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The average monthly number of employees, including directors, during the year was 150 (2025 - 151).
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Interest payable and similar expenses
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Included within interest payable and similar expenses is £127,243 (2025 - £64,276) payable to group undertakings.
Factors affecting tax charge for the year
The company has an unrecognised deferred tax asset at 30 April 2026 of £539,000 (2025 - £500,000) in respect of tax losses carried forward net of accelerated capital allowances and other temporary differences.
The deferred tax asset has been calculated using a rate of UK tax of 25% (2025 - 25%). The asset is not recognised due to the uncertainty of timing of future taxable profits and the applicable tax rate at which the losses can be offset.
- 7 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 8 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Bank loans and overdrafts in the sum of £146,816 (2025 - £109,555) are secured by fixed and floating charges over the undertaking and all property and assets. Loans from group undertakings of £78,508 (2025 - £78,508) are secured by fixed and floating charges over the assets of the company.
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Creditors: amounts falling due after more than one year
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Amounts owed to group undertakings
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Bank loans and overdrafts in the sum of £nil (2025 - £7,123) are secured by fixed and floating charges over the undertaking and all property and assets. Loans from group undertakings of £1,052,032 (2025 - £924,789) are secured by fixed and floating charges over the assets of the company.
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Commitments under operating leases
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Operating lease commitments not disclosed within the balance sheet amount to £2,711,424 (2025 - £2,885,247).
At 30 April 2026, the company had capital commitments amounting to £159,000 (2025 - £nil).
- 9 -
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GOURMET COFFEE BAR AND KITCHEN LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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Related party transactions
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During the year, the company made payments on behalf of the director of £142,840 (2025 - £195,750) and the director made repayments of £160,995 (2025 - £191,169). At the balance sheet date, the amount due from directors, included within other debtors, was £nil (2025 - £18,155). The balance is interest-free and repayable on demand.
During the year, the company was charged interest on a loan from the parent entity of £127,243 (2025 - £64,276) and the company made repayments of £nil (2025 - £74,995) At the balance sheet date, the amount due to the parent entity was £1,130,540 (2025 - £1,003,297). The loan is on commercial terms.
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- 10 -
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