LMC Baketime Holdings Limited 07942828 false 2022-07-01 2023-09-30 2023-09-30 The principal activity of the company is The principal activity of the company is to act as a holding company of Baketime Limited and Time Properties Limited. Digita Accounts Production Advanced 6.30.9574.0 true 07942828 2022-07-01 2023-09-30 07942828 2023-09-30 07942828 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-09-30 07942828 core:CurrentFinancialInstruments 2023-09-30 07942828 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07942828 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 07942828 bus:SmallEntities 2022-07-01 2023-09-30 07942828 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-09-30 07942828 bus:FullAccounts 2022-07-01 2023-09-30 07942828 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-09-30 07942828 bus:RegisteredOffice 2022-07-01 2023-09-30 07942828 bus:Director1 2022-07-01 2023-09-30 07942828 bus:Director2 2022-07-01 2023-09-30 07942828 bus:Director3 2022-07-01 2023-09-30 07942828 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-09-30 07942828 countries:England 2022-07-01 2023-09-30 07942828 2021-07-01 2022-06-30 07942828 2022-06-30 07942828 core:CurrentFinancialInstruments 2022-06-30 07942828 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 07942828 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 07942828

LMC Baketime Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 1 July 2022 to 30 September 2023

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LMC Baketime Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

LMC Baketime Holdings Limited

Company Information

Directors

Mr Naushad Mahomed Ismail Abdoola

Dr Dissanayake Hitihamu

Mr Mohamed Zain Ismail Abdoola

Registered office

Imperial Food Park
Imperial Avenue
South Bank
Middlesbrough
TS6 6BA

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

LMC Baketime Holdings Limited

(Registration number: 07942828)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

3,452

3,452

Current assets

 

Debtors

5

8,397,009

8,397,009

Total assets less current liabilities

 

8,400,461

8,400,461

Creditors: Amounts falling due after more than one year

6

(8,397,009)

(8,397,009)

Net assets

 

3,452

3,452

Capital and reserves

 

Called up share capital

3,452

3,452

Shareholders' funds

 

3,452

3,452

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 December 2023 and signed on its behalf by:
 

.........................................
Dr Dissanayake Hitihamu
Director

 

LMC Baketime Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Imperial Food Park
Imperial Avenue
South Bank
Middlesbrough
TS6 6BA
UK

These financial statements were authorised for issue by the Board on 21 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

 

LMC Baketime Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)

2

Accounting policies (continued)

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost, and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classified as receivable within one year arc not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially recognised at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classified as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amounts reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



 

 

LMC Baketime Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 3).

 

LMC Baketime Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)

4

Other financial assets (current and non-current)

Shares in group undertakings
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2022

3,452

3,452

At 30 September 2023

3,452

3,452

Impairment

Carrying amount

At 30 September 2023

3,452

3,452

The group or the company's investments at the Statement of Financial Position date in the share capital of the companies include the following:

Subsidiaries

Baketime Limited
Registered office: Unit 1 Imperial Food Park Imperial Avenue, South Bank, Middlesbrough, TS6 6BA
Nature of business: Manufacture, marketing and sales of baked snacks

Class of shares: Ordinary
Percentage holding: 87.40%

Time Properties Limited
Registered office: Unit 1 Imperial Food Park Imperial Avenue, South Bank, Middlesbrough, TS6 6BA
Nature of business: Property rental

Class of shares: Ordinary
Percentage holding: 87.40%

 

LMC Baketime Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

8,397,009

8,397,009

   

8,397,009

8,397,009

6

Creditors

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Amounts owed to related parties

8,397,009

8,397,009

7

Ultimate parent company

The immediate parent undertaking is The Lion Match Company (Pty) Limited, a company registered in South Africa. The ultimate parent undertaking is Fasic Investment Corporation Limited, a company registered in South Africa.

Shares in the ultimate parent undertaking are held by F.A.N.G Bros Trust, G M Moosa Family Trust, A Moosa Family Trust and S M Moosa Family Trust. There is not considered to be any one ultimate controlling party.