Patisserie Patchi Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Patisserie Patchi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02729483 . The registered office is 28 Abbey Road, Park Royal, London, NW10 7SB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold	2% on cost of buildings
Leasehold	Over the term of the lease
Plant & Machinery	20% reducing balance basis
Motor Vehicles	20% reducing balance basis

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Patisserie Patchi Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

...CONTINUED

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Patisserie Patchi Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

2.5. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 37 (2025: 37)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost
As at 1 October 2025	6,065,011	104,367	2,255,600	211,539	8,636,517
Additions	-	-	155,000	-	155,000

As at 30 September 2026	6,065,011	104,367	2,410,600	211,539	8,791,517

Depreciation
As at 1 October 2025	496,720	26,440	1,455,083	211,539	2,189,782
Provided during the period	62,570	4,175	167,854	-	234,599

As at 30 September 2026	559,290	30,615	1,622,937	211,539	2,424,381

Net Book Value
As at 30 September 2026	5,505,721	73,752	787,663	-	6,367,136

As at 1 October 2025	5,568,291	77,927	800,517	-	6,446,735

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Patisserie Patchi Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

5. Stocks

	2026	2025
	£	£
Finished goods	29,635	49,745

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	7,830	12,991
Prepayments and accrued income	30,676	62,088
VAT	6,628	5,754

	45,134	80,833

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	333,049	311,661
Bank loans and overdrafts	170,927	174,998
Corporation tax	24,286	32,805
Other taxes and social security	-	159
Accruals and deferred income	34,605	2,500

	562,867	522,123

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans and overdrafts	2,347,105	2,532,994
Directors' loan account	407,000	380,000

	2,754,105	2,912,994

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Patisserie Patchi Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

10. Related Party Transactions

Included within creditors: amounts falling due after more than one year is a balance due to the directors of £407,000 (2025: £380,000).

The loan is unsecured, interest-free, and has no fixed date of repayment; however, the directors have formally agreed not to demand repayment within 12 months of the reporting date.

11. Ultimate Controlling Party

The company is controlled by Mr Abdul Ghoul and Mr Eihab Nafa.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,367,136		6,446,735

			6,367,136		6,446,735
CURRENT ASSETS
Stocks	5	29,635		49,745
Debtors	6	45,134		80,833
Cash at bank and in hand		31,975		36,059

		106,744		166,637
Creditors: Amounts Falling Due Within One Year	7	(562,867 )		(522,123 )

NET CURRENT ASSETS (LIABILITIES)			(456,123 )		(355,486 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,911,013		6,091,249

Creditors: Amounts Falling Due After More Than One Year	8		(2,754,105 )		(2,912,994 )

NET ASSETS			3,156,908		3,178,255

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			3,156,808		3,178,155

SHAREHOLDERS' FUNDS			3,156,908		3,178,255