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REGISTERED NUMBER: 10404754 (England and Wales)















LANDPORT MEATS LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2024






LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

LANDPORT MEATS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs T E Bailey
Mrs T A Jacob
M A Jacob





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SA





REGISTERED NUMBER: 10404754 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,538 28,538
Tangible assets 5 334,821 83,918
355,359 112,456

CURRENT ASSETS
Stocks 55,000 40,000
Debtors 6 104,742 66,641
Cash at bank 138,626 216,241
298,368 322,882
CREDITORS
Amounts falling due within one year 7 135,987 80,376
NET CURRENT ASSETS 162,381 242,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,740

354,962

CREDITORS
Amounts falling due after more than one
year

8

(23,020

)

-

PROVISIONS FOR LIABILITIES (27,922 ) (11,025 )
NET ASSETS 466,798 343,937

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 466,698 343,837
SHAREHOLDERS' FUNDS 466,798 343,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Balance Sheet - continued
31 January 2024


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 9 August 2024 and were signed on its behalf by:





M A Jacob - Director


LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Landport Meats Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares of non-puttable ordinary shares which are measured at fair value, with changed recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 40,001
AMORTISATION
At 1 February 2023 11,463
Charge for year 8,000
At 31 January 2024 19,463
NET BOOK VALUE
At 31 January 2024 20,538
At 31 January 2023 28,538

LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 - 61,900 15,389
Additions 13,476 67,382 -
Disposals - (48,000 ) -
At 31 January 2024 13,476 81,282 15,389
DEPRECIATION
At 1 February 2023 - 23,316 2,251
Charge for year 449 12,181 1,539
Eliminated on disposal - (23,063 ) -
At 31 January 2024 449 12,434 3,790
NET BOOK VALUE
At 31 January 2024 13,027 68,848 11,599
At 31 January 2023 - 38,584 13,138

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 61,000 1,452 139,741
Additions 267,619 - 348,477
Disposals (34,000 ) - (82,000 )
At 31 January 2024 294,619 1,452 406,218
DEPRECIATION
At 1 February 2023 29,164 1,092 55,823
Charge for year 27,577 360 42,106
Eliminated on disposal (3,469 ) - (26,532 )
At 31 January 2024 53,272 1,452 71,397
NET BOOK VALUE
At 31 January 2024 241,347 - 334,821
At 31 January 2023 31,836 360 83,918

LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 98,954
At 31 January 2024 98,954
NET BOOK VALUE
At 31 January 2024 98,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 17,404 1,241
Amounts owed by participating interests 6,330 -
Other debtors 17,347 5,490
Prepayments and accrued income 63,661 59,910
104,742 66,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 24,905 -
Trade creditors 83,929 21,358
Amounts owed to participating interests - 22,954
Social security and other taxes 3,006 13,427
Other creditors 17,563 17,459
Accruals and deferred income 6,584 5,178
135,987 80,376

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 23,020 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

LANDPORT MEATS LIMITED (REGISTERED NUMBER: 10404754)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G L Walker.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Landport Meats Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Landport Meats Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Landport Meats Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Landport Meats Limited and state those matters that we have agreed to state to the Board of Directors of Landport Meats Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landport Meats Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Landport Meats Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Landport Meats Limited. You consider that Landport Meats Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Landport Meats Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


9 August 2024