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REGISTERED NUMBER: 13001370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Future Farm Plant-Based Food UK Ltd

Future Farm Plant-Based Food UK Ltd (Registered number: 13001370)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Future Farm Plant-Based Food UK Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Ms S M Hollyman
M L Leoni
A H Y Strechinsky





SECRETARY: Lincoln Administration Limited





REGISTERED OFFICE: 9 Perseverance Works
Kingsland Road
London
E2 8DD





REGISTERED NUMBER: 13001370 (England and Wales)






Future Farm Plant-Based Food UK Ltd (Registered number: 13001370)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 7,260 -

CURRENT ASSETS
Stocks 73,355 -
Debtors 5 570,779 1,010,361
Cash at bank 111,233 -
755,367 1,010,361
CREDITORS
Amounts falling due within one year 6 866,559 100,938
NET CURRENT (LIABILITIES)/ASSETS (111,192 ) 909,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103,932

)

909,423

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Other reserves 2,625,000 -
Retained earnings (3,728,932 ) (90,577 )
SHAREHOLDERS' FUNDS (103,932 ) 909,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Future Farm Plant-Based Food UK Ltd (Registered number: 13001370)

Balance Sheet - continued
31 December 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2022 and were signed on its behalf by:





A H Y Strechinsky - Director


Future Farm Plant-Based Food UK Ltd (Registered number: 13001370)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Future Farm Plant-Based Food UK 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. 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.

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.

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.

Future Farm Plant-Based Food UK Ltd (Registered number: 13001370)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

Going concern
The Company incurred a net loss of GBP 3,638,355 during the year ended 31 December 2021, and at that date had negative retained earnings of GBP 3,728,932 and the Company balance sheet shows net liabilities of GBP 103,932. The directors have received confirmation from the Parent Company that it will continue to support the Company by not withdrawing funds and providing additional support as required for at least one year form the date of approval of these accounts. On reviewing the Company's future cash flow requirements, together with this support the directors believe that it is appropriate to prepare the accounts on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 7,799
At 31 December 2021 7,799
DEPRECIATION
Charge for year 539
At 31 December 2021 539
NET BOOK VALUE
At 31 December 2021 7,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Trade debtors 158,420 -
Other debtors 412,359 1,010,361
570,779 1,010,361

Future Farm Plant-Based Food UK Ltd (Registered number: 13001370)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Bank loans and overdrafts 2,589 -
Trade creditors 807,079 37,177
Amounts owed to group undertakings 1,023 58,292
Taxation and social security 33,301 5,214
Other creditors 22,567 255
866,559 100,938

Amounts due to Group Undertakings comprise amount payable to the parent company Future Farm Limited, interest free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Future Farm Limited.

The ultimate controlling party is M L Leoni.

The registered address of Future Farm Limited is 89 Nexus Way, Camana Bay, Grand Cayman, Cayman Islands.