CHANTILLY PATISSERIE LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—8

1. General Information

CHANTILLY PATISSERIE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11422182 . The registered office is 4 Streamside Court, Aspen Way, Yalberton Industrial Estate, Paignton, Devon, TQ4 7QR.

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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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CHANTILLY PATISSERIE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. 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 years 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.

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

2.9. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

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CHANTILLY PATISSERIE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.10. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

2.11. Fixed asset investment

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit and loss.

2.12. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2025: 30)

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CHANTILLY PATISSERIE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	111,888

As at 31 January 2026	111,888

Amortisation
As at 1 February 2025	111,887

As at 31 January 2026	111,887

Net Book Value
As at 31 January 2026	1

As at 1 February 2025	1

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 February 2025	3,529	148,105	18,995	170,629
Additions	3,654	8,481	-	12,135
Disposals	-	(2,812 )	-	(2,812 )

As at 31 January 2026	7,183	153,774	18,995	179,952

Depreciation
As at 1 February 2025	2,303	71,087	5,044	78,434
Provided during the period	1,197	16,458	3,487	21,142
Disposals	-	(394 )	-	(394 )

As at 31 January 2026	3,500	87,151	8,531	99,182

Net Book Value
As at 31 January 2026	3,683	66,623	10,464	80,770

As at 1 February 2025	1,226	77,018	13,951	92,195

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CHANTILLY PATISSERIE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Stocks

	2026	2025
	£	£
Materials	314,964	257,875

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	126,210	202,004
Other debtors	46,406	46,478

	172,616	248,482

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	148,317	123,089
Bank loans and overdrafts	45,026	54,000
Corporation tax	10,443	28,028
Other taxes and social security	13,532	14,665
Other creditors	2,986	7,191
Accruals and deferred income	19,443	33,024

	239,747	259,997

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

	2026	2025
	£	£
Bank loans	-	45,075

There are fixed and floating charges created 21 January 2019 and 4 February 2019 in respect of Company liabilities to Barclays Bank Plc.

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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CHANTILLY PATISSERIE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Later than one year and not later than five years	29,636	30,058

	29,636	30,058

12. Controlling Party

The company is under effective control by its directors

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		80,770		92,195

			80,771		92,196
CURRENT ASSETS
Stocks	6	314,964		257,875
Debtors	7	172,616		248,482
Cash at bank and in hand		24,387		57,928

		511,967		564,285
Creditors: Amounts Falling Due Within One Year	8	(239,747 )		(259,997 )

NET CURRENT ASSETS (LIABILITIES)			272,220		304,288

TOTAL ASSETS LESS CURRENT LIABILITIES			352,991		396,484

Creditors: Amounts Falling Due After More Than One Year	9		-		(45,075 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(12,000 )		(12,000 )
Deferred Taxation			(15,237 )		(17,822 )

NET ASSETS			325,754		321,587

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Share premium account			259,000		259,000
Income Statement			65,754		61,587

SHAREHOLDERS' FUNDS			325,754		321,587