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REGISTERED NUMBER: 01316405 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MEISTER CONTINENTAL FOODS LIMITED

MEISTER CONTINENTAL FOODS LIMITED (REGISTERED NUMBER: 01316405)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEISTER CONTINENTAL FOODS LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs ME Neuhoff
M R Neuhoff



SECRETARY: Mrs ME Neuhoff



REGISTERED OFFICE: 17 County Road
Brackley
Northamptonshire
NN13 7AX



REGISTERED NUMBER: 01316405 (England and Wales)



ACCOUNTANTS: Neuhoff & Co
Chartered Accountants
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU



BANKERS: HSBC
110 Watling Street East
Towcester
Northamptonshire
NN12 6BT

MEISTER CONTINENTAL FOODS LIMITED (REGISTERED NUMBER: 01316405)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 663,288 685,147

CURRENT ASSETS
Stocks 57,034 52,120
Debtors 5 161,843 151,315
Cash at bank and in hand 433,616 383,029
652,493 586,464
CREDITORS
Amounts falling due within one year 6 (283,388 ) (261,767 )
NET CURRENT ASSETS 369,105 324,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,393

1,009,844

CREDITORS
Amounts falling due after more than one
year

7

-

(3,770

)

PROVISIONS FOR LIABILITIES (22,313 ) (17,365 )
NET ASSETS 1,010,080 988,709

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,009,080 987,709
SHAREHOLDERS' FUNDS 1,010,080 988,709

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

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

MEISTER CONTINENTAL FOODS LIMITED (REGISTERED NUMBER: 01316405)

Balance Sheet - continued
31 March 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 14 August 2024 and were signed on its behalf by:





Mrs ME Neuhoff - Director


MEISTER CONTINENTAL FOODS LIMITED (REGISTERED NUMBER: 01316405)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Meister Continental Foods 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and at varying rates 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
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related third parties and investments in non-puttable ordinary shares.

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.

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.

MEISTER CONTINENTAL FOODS LIMITED (REGISTERED NUMBER: 01316405)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 311,256 1,112,559 1,423,815
Additions - 36,900 36,900
At 31 March 2024 311,256 1,149,459 1,460,715
DEPRECIATION
At 1 April 2023 41,384 697,284 738,668
Charge for year 4,426 54,333 58,759
At 31 March 2024 45,810 751,617 797,427
NET BOOK VALUE
At 31 March 2024 265,446 397,842 663,288
At 31 March 2023 269,872 415,275 685,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,229 139,823
Other debtors 30,614 11,492
161,843 151,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,968 16,797
Trade creditors 67,846 36,927
Taxation and social security 25,630 29,157
Other creditors 175,944 178,886
283,388 261,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 3,770

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,770

MEISTER CONTINENTAL FOODS LIMITED (REGISTERED NUMBER: 01316405)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 13,968 20,567

The Bank Loan is secured by a fixed and floating charge over the assets and undertaking of the company.

The loan is for a maximum term of 20 years from July 2014, repayable by monthly instalments comprising capital and interest and with provision for lump sum repayments to be made at any time.Should no further lump sum capital repayments be made within 5 years the total amount of instalments payable within that period will clear the total debt outstanding at the Balance Sheet date.