Cafepoint LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC355592 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CAFEPOINT LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

457,831

409,192

CURRENT ASSETS

Stocks

160,246

175,460

Debtors

1,124,081

443,799

Cash at bank and in hand

514,875

370,142

1,799,202

989,401

CREDITORS

Amounts falling due within one year

1,518,102

1,045,597

NET CURRENT ASSETS/(LIABILITIES)

281,100

(56,196

)

TOTAL ASSETS LESS CURRENT LIABILITIES

738,931

352,996

CREDITORS

Amounts falling due after more than one year

115,801

158,661

NET ASSETS ATTRIBUTABLE TO MEMBERS

623,130

194,335

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

609,410

180,615

MEMBERS' OTHER INTERESTS

Capital accounts

13,720

13,720

623,130

194,335

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

609,410

180,615

Members' other interests

13,720

13,720

623,130

194,335

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 2023.

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 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 2023 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 23 May 2024 and were signed by:

Mr N J E Mynott - Designated member

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, fittings and equipment

-

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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 31 (2022 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2022

737,277

Additions

173,178

Disposals

(30,682

)

At 31 August 2023

879,773

DEPRECIATION

At 1 September 2022

328,085

Charge for year

117,231

Eliminated on disposal

(23,374

)

At 31 August 2023

421,942

NET BOOK VALUE

At 31 August 2023

457,831

At 31 August 2022

409,192

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

Totals

£

COST

At 1 September 2022

212,566

Additions

126,139

At 31 August 2023

338,705

DEPRECIATION

At 1 September 2022

76,474

Charge for year

49,745

At 31 August 2023

126,219

NET BOOK VALUE

At 31 August 2023

212,486

At 31 August 2022

136,092

5.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

132,000

-

Hire purchase contracts

83,328

-

215,328

-

The hire purchase contracts are secured over the assets to which they relate. The bank loans are secured by way of a fixed and floating charge over the assets of the company.

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Other creditors take priority over loans and other debts due to members.

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the partnership owed £227,216 (2022 - £176,279) to COS Systems Limited, a company connected by virtue of common control.

Trade creditors includes a balance of £33,576 (2022 - £76,304) owed to COS Systems Limited.

Trade debtors includes a balance of £5,449 (2022 - £1,848) owed by COS Systems Limited.