Maison Clement Bakery & Patisserie Limit - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09142737 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Maison Clement Bakery & Patisserie

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

C C L Jacquinot

REGISTERED OFFICE:

28 Hills Road

Cambridge

CB2 1LA

REGISTERED NUMBER:

09142737 (England and Wales)

ACCOUNTANTS:

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

FIXED ASSETS

Tangible assets

4

76,272

73,149

CURRENT ASSETS

Stocks

2,900

2,800

Debtors

5

59,088

161,750

Cash at bank and in hand

378,217

256,891

440,205

421,441

CREDITORS

Amounts falling due within one year

6

135,994

136,271

NET CURRENT ASSETS

304,211

285,170

TOTAL ASSETS LESS CURRENT LIABILITIES

380,483

358,319

PROVISIONS FOR LIABILITIES

14,492

13,899

NET ASSETS

365,991

344,420

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

365,891

344,320

SHAREHOLDERS' FUNDS

365,991

344,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:

C C L Jacquinot - Director

1.	STATUTORY INFORMATION

Maison Clement Bakery & Patisserie Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

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

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

50% on cost, 20% on cost and 10% on cost

Fixtures and fittings

-

50% on cost, 33% on cost, 20% on cost and 10% on cost

Computer equipment

-

20% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from such treatment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2023

88,595

47,651

3,599

139,845

Additions

19,066

6,460

299

25,825

Disposals

(6,825

)

-

-

(6,825

)

At 31 December 2023

100,836

54,111

3,898

158,845

DEPRECIATION

At 1 January 2023

42,576

21,066

3,054

66,696

Charge for year

15,405

6,951

346

22,702

Eliminated on disposal

(6,825

)

-

-

(6,825

)

At 31 December 2023

51,156

28,017

3,400

82,573

NET BOOK VALUE

At 31 December 2023

49,680

26,094

498

76,272

At 31 December 2022

46,019

26,585

545

73,149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

9,665

6,681

Other debtors

12,500

116,981

VAT

5,658

4,135

Prepayments

31,265

33,953

59,088

161,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade creditors

27,687

28,561

Taxation

28,444

22,705

Social security and other taxes

5,607

4,757

Other creditors

19,087

17,447

Directors' current accounts

49,600

60,284

Accrued expenses

5,569

2,517

135,994

136,271

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.23

31.12.22

£

£

Within one year

28,420

28,734

Between one and five years

53,420

82,468

81,840

111,202

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Included in trade debtors at the year end is an amount of £4,091 (2022 interest free loan of £101,007), owed by another company under the same control.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C C L Jacquinot.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maison Clement Bakery & Patisserie Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Maison Clement Bakery & Patisserie Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maison Clement Bakery & Patisserie Limited and state those matters that we have agreed to state to the director of Maison Clement Bakery & Patisserie Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maison Clement Bakery & Patisserie Limited and its director for our work or for this report.

It is your duty to ensure that Maison Clement Bakery & Patisserie Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maison Clement Bakery & Patisserie Limited. You consider that Maison Clement Bakery & Patisserie Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maison Clement Bakery & Patisserie Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

30 April 2024