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REGISTERED NUMBER: 12108999 (England and Wales)















Financial Statements for the Year Ended 31 July 2022

for

Laderach (UK) Ltd

Laderach (UK) Ltd (Registered number: 12108999)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laderach (UK) Ltd

Company Information
for the Year Ended 31 July 2022







DIRECTORS: M Heyn
S Stegen





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 12108999 (England and Wales)





AUDITORS: Morley & Co (UK) Ltd
Statutory Auditor, Chartered Certified Accountants
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Laderach (UK) Ltd (Registered number: 12108999)

Balance Sheet
31 July 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,291,708 1,495,111

CURRENT ASSETS
Stocks 130,963 61,010
Debtors 5 1,094,790 702,599
Cash at bank and in hand 2,168,919 552,667
3,394,672 1,316,276
CREDITORS
Amounts falling due within one year 6 2,707,634 923,572
NET CURRENT ASSETS 687,038 392,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,978,746

1,887,815

CREDITORS
Amounts falling due after more than one
year

7

2,476,904

2,432,669
NET LIABILITIES (498,158 ) (544,854 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (498,159 ) (544,855 )
(498,158 ) (544,854 )

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 30 September 2023 and were signed on its behalf by:





M Heyn - Director


Laderach (UK) Ltd (Registered number: 12108999)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Laderach (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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned companies within the same group.

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.
Fixtures, fittings & store equipment
-
15% of cost on loose equipment and remaining life of the lease on fixtures

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

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.


Laderach (UK) Ltd (Registered number: 12108999)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2021 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& store
equipment
£   
COST
At 1 August 2021 1,768,186
Additions 10,672
At 31 July 2022 1,778,858
DEPRECIATION
At 1 August 2021 273,075
Charge for year 214,075
At 31 July 2022 487,150
NET BOOK VALUE
At 31 July 2022 1,291,708
At 31 July 2021 1,495,111

Laderach (UK) Ltd (Registered number: 12108999)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 226,080 20,014
Other debtors 29,681 24,852
VAT 169,160 -
Prepayments and accrued income 100,583 42,747
525,504 87,613

Amounts falling due after more than one year:
Lease deposits 509,506 505,560
Deferred Tax 59,780 109,426
569,286 614,986

Aggregate amounts 1,094,790 702,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 2,562,215 407,637
Social security and other taxes 13,239 3,741
Pension 605 475
VAT - 22,172
Accrued expenses 131,575 489,547
2,707,634 923,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Loan from parent company 2,476,904 2,432,669

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 1,017,600 939,378
Between one and five years 1,475,750 2,043,350
2,493,350 2,982,728

Laderach (UK) Ltd (Registered number: 12108999)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul King F.C.C.A (Senior Statutory Auditor)
for and on behalf of Morley & Co (UK) Ltd

10. CONTINGENT LIABILITIES

The Company has provided guarantees in the sum of £100,000 to H. M. Revenue & Customs with regard to deferred duty and VAT

11. ULTIMATE PARENT COMPANY

The ultimate holding company is Laderach (Schweiz) AG, accounts of which can be obtained from the registered office of Laderach (Schweiz) AG at Via Bleiche 14 - 8755 Enneda, Switzerland. As the company is a 100% owned subsidiary of Laderach (Schweiz) AG, in accordance with the exemption available within FRS102, it is not required to disclose its related party transactions with group members as such details are available from the parent company's financial statements.