REGISTERED NUMBER: 09465430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

RECIPE PRODUCTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Berski

K Evans

REGISTERED OFFICE:

22 Notting Hill Gate

Notting Hill

London

W11 3JE

REGISTERED NUMBER:

09465430 (England and Wales)

ACCOUNTANTS:

Walker Thompson Ltd

Accountants and Registered Auditors

Empress House

43A Binley Road

Coventry

CV3 1HU

FIXED ASSETS

Intangible assets

5

4,236

5,648

Tangible assets

6

1,414

2,267

5,650

7,915

CURRENT ASSETS

Stocks

26,675

30,431

Debtors

7

5,878

3,636

Cash at bank

113,370

55,253

145,923

89,320

CREDITORS

Amounts falling due within one year

8

6,063

58,829

NET CURRENT ASSETS

139,860

30,491

TOTAL ASSETS LESS CURRENT LIABILITIES

145,510

38,406

CAPITAL AND RESERVES

Called up share capital

9

125

110

Share premium

10

280,972

69,950

Retained earnings

10

(135,587

)

(31,654

)

SHAREHOLDERS' FUNDS

145,510

38,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 21 December 2018 and were signed on its behalf by:

M Berski - Director

1.	STATUTORY INFORMATION

Recipe Products Ltd 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Initial development costs are being amortised over their estimated useful life of five years. Ongoing

development costs are being written off in the period in which they are incurred.

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

-

25% on reducing balance

Computer equipment

-

33% 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 Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2017

and 31 March 2018

7,060

AMORTISATION

At 1 April 2017

1,412

Amortisation for year

1,412

At 31 March 2018

2,824

NET BOOK VALUE

At 31 March 2018

4,236

At 31 March 2017

5,648

6.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

1,498

1,716

3,214

DEPRECIATION

At 1 April 2017

375

572

947

Charge for year

281

572

853

At 31 March 2018

656

1,144

1,800

NET BOOK VALUE

At 31 March 2018

842

572

1,414

At 31 March 2017

1,123

1,144

2,267

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

5,878

3,636

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

2,766

Other creditors

6,063

56,063

6,063

58,829

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10,999

Ordinary

£0.01

125

110

1,521 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £138.74 per share during the

year.

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2017

(31,654

)

69,950

38,296

Deficit for the year

(103,933

)

(103,933

)

Cash share issue

-

211,022

211,022

At 31 March 2018

(135,587

)

280,972

145,385