Cafepoint LLP - Accounts to registrar (filleted) - small 18.2

Cafepoint LLP - Accounts to registrar (filleted) - small 18.2

CAFEPOINT LLP - Company Information

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REGISTERED NUMBER: OC355592 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

CAFEPOINT LLP
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2021




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CAFEPOINT LLP

GENERAL INFORMATION
for the year ended 31 August 2021







DESIGNATED MEMBERS: Mr G K Lewis
Mr N J E Mynott
Ms A R Mynott





REGISTERED OFFICE: 13 Highams Business Park
Blackhorse Lane
London
E17 6SH





REGISTERED NUMBER: OC355592 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

ABRIDGED BALANCE SHEET
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 312,940 375,097

CURRENT ASSETS
Stocks 97,121 51,387
Debtors 328,746 153,221
Cash at bank and in hand 436,614 477,674
862,481 682,282
CREDITORS
Amounts falling due within one year 722,993 522,101
NET CURRENT ASSETS 139,488 160,181
TOTAL ASSETS LESS CURRENT
LIABILITIES
452,428
535,278

CREDITORS
Amounts falling due after more than one
year
5
298,204
366,426
NET ASSETS ATTRIBUTABLE TO
MEMBERS
154,224
168,852

LOANS AND OTHER DEBTS DUE TO
MEMBERS
140,504
155,132

MEMBERS' OTHER INTERESTS
Capital accounts 13,720 13,720
154,224 168,852

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 140,504 155,132
Members' other interests 13,720 13,720
154,224 168,852

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 August 2021.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

ABRIDGED BALANCE SHEET - continued
31 August 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 May 2022 and were signed by:





Mr N J E Mynott - Designated member

The notes form part of these financial statements

Page 3
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2021

1. STATUTORY INFORMATION

Cafepoint LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Page 4 continued...
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2021

3. EMPLOYEE INFORMATION

The average number of employees during the year was 22 (2020 - 33 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2020 689,240
Additions 211,968
Disposals (291,723 )
At 31 August 2021 609,485
DEPRECIATION
At 1 September 2020 314,137
Charge for year 65,965
Eliminated on disposal (83,557 )
At 31 August 2021 296,545
NET BOOK VALUE
At 31 August 2021 312,940
At 31 August 2020 375,103

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2020 399,045
Additions 161,469
Disposals (161,469 )
Transfer to ownership (139,782 )
At 31 August 2021 259,263
DEPRECIATION
At 1 September 2020 133,428
Charge for year 34,766
Transfer to ownership (71,796 )
At 31 August 2021 96,398
NET BOOK VALUE
At 31 August 2021 162,865
At 31 August 2020 265,617

Page 5 continued...
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2021

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2021 2020
£    £   

Repayable by instalments
Bank loans - 70,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 228,000 240,000
Hire purchase contracts 136,427 182,674
364,427 422,674

The finance lease obligations are secured on the assets to which they relate.

The bank loans are with National Westminster Bank PLC and are secured by way of a fixed and floating charge over the undertaking and all property and assets present and future.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the LLP owed £176,648 (2020 - £114,335) to COS Systems Limited, a company connected by virtue of common control.

Page 6