REGISTERED NUMBER: 05727713 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Scoffs Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Tagliamonti

C Jawed

SECRETARY:

A Tagliamonti

REGISTERED OFFICE:

Finance Office

Costa Coffee

311-313 Collier Row Lane

Collier Row

Essex

RM5 3ND

REGISTERED NUMBER:

05727713 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Intangible assets

5

15,000

26,471

Tangible assets

6

769,986

562,755

Investments

7

1,507,176

1,507,176

2,292,162

2,096,402

CURRENT ASSETS

Debtors

8

1,137,291

1,355,891

Prepayments and accrued income

6,750

5,746

Cash at bank and in hand

136,586

57,918

1,280,627

1,419,555

CREDITORS

Amounts falling due within one year

9

1,158,799

1,398,541

NET CURRENT ASSETS

121,828

21,014

TOTAL ASSETS LESS CURRENT LIABILITIES

2,413,990

2,117,416

CREDITORS

Amounts falling due after more than one year

10

(2,385,579

)

(2,088,827

)

PROVISIONS FOR LIABILITIES

(1,384

)

(2,982

)

NET ASSETS

27,027

25,607

CAPITAL AND RESERVES

Called up share capital

200,101

200,100

Retained earnings

(173,074

)

(174,493

)

SHAREHOLDERS' FUNDS

27,027

25,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2018 and were signed on its behalf by:

A Tagliamonti - Director

1.	STATUTORY INFORMATION

Scoffs Group 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.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

Over term of the lease

Plant and machinery etc

-

25% on cost, 20% on cost and at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax

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

balance sheet date.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

89,590

AMORTISATION

At 1 January 2017

63,119

Amortisation for year

11,471

At 31 December 2017

74,590

NET BOOK VALUE

At 31 December 2017

15,000

At 31 December 2016

26,471

6.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2017

515,112

31,041

7,000

Additions

190,681

-

-

At 31 December 2017

705,793

31,041

7,000

DEPRECIATION

At 1 January 2017

-

5,714

1,495

Charge for year

-

6,209

1,400

Eliminated on disposal

-

-

-

At 31 December 2017

-

11,923

2,895

NET BOOK VALUE

At 31 December 2017

705,793

19,118

4,105

At 31 December 2016

515,112

25,327

5,505

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2017

22,195

19,270

594,618

Additions

4,664

32,684

228,029

Disposals

(2,564

)

-

(2,564

)

At 31 December 2017

24,295

51,954

820,083

DEPRECIATION

At 1 January 2017

9,473

15,181

31,863

Charge for year

5,646

7,543

20,798

Eliminated on disposal

(2,564

)

-

(2,564

)

At 31 December 2017

12,555

22,724

50,097

NET BOOK VALUE

At 31 December 2017

11,740

29,230

769,986

At 31 December 2016

12,722

4,089

562,755

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 December 2017

1,507,176

NET BOOK VALUE

At 31 December 2017

1,507,176

At 31 December 2016

1,507,176

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

1,956

Amounts owed by group undertakings

1,097,726

1,327,742

Other debtors

39,565

26,193

1,137,291

1,355,891

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

643,188

929,352

Taxation and social security

20,798

-

Other creditors

494,813

469,189

1,158,799

1,398,541

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

2,385,579

2,088,827

11.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

3,028,767

3,018,179

Bank loans are secured by a composite multilateral guarantee given by Scoffs Group Ltd, Aimes Limited and

Scoffs (Essex) Limited.

Bank security comprises:

A first mortgage over a life policy;

A debenture including fixed charge over all present freehold and leasehold property;

A fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future;

A first floating charge over all assets, both present and future, and;

A first legal charge over leasehold property known as Ground Floor, 5 Station Approach, Hose Street, London,

E17 9QF

12.	RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

During the year the company charged management fees totalling £93,211 (2016: £110,000) to subsidiary

undertakings.

At the balance sheet date the company was owed £1,097,726 (2016: £1,327,742) by subsidiary undertakings.

At the balance sheet date the company owed £412,891 (2016: £466,391) to the director.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Tagliamonti.