Registered number:
Blick Rothenberg Limited
Chartered Accountants
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COMPANY INFORMATION
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DIRECTORS' REPORT
For the Year Ended 31 December 2020
The directors present their report and the financial statements for the year ended 31 December 2020.
The directors are responsible for preparing the directors' report and the
financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year
. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙
select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙
make judgments and accounting estimates that are reasonable and prudent;
∙
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HEALTHY & EATALI LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2020
Chartered Accountants
16 Great Queen Street
Covent Garden
WC2B 5AH
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STATEMENT OF COMPREHENSIVE INCOME
For the Year Ended 31 December 2020
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BALANCE SHEET
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 5 to 10 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2020
Healthy & EatAli Limited is a private company limited by shares incorporated in the UK and registered in England and Wales at Unit 8 Linford Street Business Estate, 2 Linford Street, London SW8 4AB.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. Management do not consider there are any key accounting estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.
The following principal accounting policies have been applied:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
The company does not trade in financial instruments and all such instruments arise directly from operations. All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other receivables so its exposure to credit risk
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2020
2.
Accounting policies (continued)
is the net balance of trade and other receivables after allowance for impairment. The company’s cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings. Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.
All turnover arose within the United Kingdom.
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2020
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2020
6.
Taxation (continued)
The company has carried forward tax losses of £689,206 (2019: £735,029). The resulting deferred tax asset has not been recognised due to uncertainties over the timing of suitable profits against which the asset will reverse.
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2020
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2020
The immediate and ultimate parent undertaking is Crosstown Dough Limited, a company incorporated in England and Wales. The company is ultimately controlled by the directors of Crosstown Dough Limited.
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