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Registered number: 08917862
Demeter Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Fusion Accountants Ltd
ICAEW, ATT
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors William Bartholomew Robin Stagg
William Robert Falconer
Company Number 08917862
Registered Office 25 Southampton Buildings
London
England
WC2A 1AL
Accountants Fusion Accountants Ltd
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Demeter Holdings Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Demeter Holdings Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Demeter Holdings Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Demeter Holdings Ltd and state those matters that we have agreed to state to the directors of Demeter Holdings Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Demeter Holdings Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Demeter Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Demeter Holdings Ltd . You consider that Demeter Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Demeter Holdings Ltd . 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 financial statements.
Signed
05/09/2024
Fusion Accountants Ltd
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 2
Page 3
Balance Sheet
Registered number: 08917862
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,545 508
Investments 5 933,455 933,410
935,000 933,918
CURRENT ASSETS
Debtors 6 1,691,768 3,166,934
Cash at bank and in hand 10,386 8,886
1,702,154 3,175,820
Creditors: Amounts Falling Due Within One Year 7 (277,978 ) (505,920 )
NET CURRENT ASSETS (LIABILITIES) 1,424,176 2,669,900
TOTAL ASSETS LESS CURRENT LIABILITIES 2,359,176 3,603,818
Creditors: Amounts Falling Due After More Than One Year 8 (1,490,612 ) (2,749,670 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (156,553 ) (156,553 )
NET ASSETS 712,011 697,595
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 823,961 823,961
Profit and Loss Account (112,050 ) (126,466 )
SHAREHOLDERS' FUNDS 712,011 697,595
Page 3
Page 4
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 5 September 2024 and were signed on its behalf by:
William Robert Falconer
Director
05/09/2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Demeter Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08917862 . The registered office is 25 Southampton Buildings, London, England, WC2A 1AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
Monetary figures for this client's accounts will be reported in United Kingdom, Pounds sterling £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings depreciated on straight line method 25% on cost.
Computer Equipment depreciated on straight line method 25% on cost.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - 554 554
Additions 300 1,099 1,399
As at 31 December 2023 300 1,653 1,953
Depreciation
As at 1 January 2023 - 46 46
Provided during the period 40 322 362
As at 31 December 2023 40 368 408
Net Book Value
As at 31 December 2023 260 1,285 1,545
As at 1 January 2023 - 508 508
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Page 6
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 January 2023 933,360 50 933,410
Additions 95 - 95
Disposals - (50 ) (50 )
As at 31 December 2023 933,455 - 933,455
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 933,455 - 933,455
As at 1 January 2023 933,360 50 933,410
Subsidiary:
£933,165 of investments in Demeter Ghana Ltd (company incorporated in Ghana) is a subsidiary with 90% ownership
£0 of investments in Demeter Acacia Trading Ltd (company incorporated in UK) is a subsidiary with 50% ownership
£190 of investments in OKO Environmental Holdings Ltd is a subsidiary with 95% ownership
£100 of investments in Frafra Baskets Ltd is a subsidiary with 100% ownership
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 500 -
Amounts owed by group undertakings 1,145,871 2,835,254
Other debtors 545,397 331,680
1,691,768 3,166,934
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,195 -
Other creditors 162,689 384,487
Taxation and social security 111,094 121,433
277,978 505,920
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,083 43,944
Amounts owed to group undertakings - 91,629
Other creditors 1,458,529 2,614,097
1,490,612 2,749,670
Page 6
Page 7
9. Deferred Taxation
A deferred tax liability of £156,552.59 has been recognized in relation to a revaluation of the investment held in Demeter Ghana Limited.
2023 2022
£ £
Other timing differences 156,553 156,553
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
  100 Ordinary shares of £1 each
11. Reserves
Revaluation Reserve
£
As at 1 January 2023 823,961
As at 31 December 2023 823,961
12. Related Party Transactions
Demeter Ghana Ltd is a 90% owned subsidiary. 
Demeter Acacia Trading Ltd is a 50% owned subsidiary.
OKO Environmental is a 95% owned subsidiary.
Frafra Baskets Ltd is a 100% owned subsidiary.
As at 31st December 2023 Demeter Holdings Ltd had a loan liability from: 
Demeter Acacia Trading Ltd £0 (2022 credit £91,629.09 )
As at 31st December 2023 Demeter Holdings Ltd had a loan asset from:
Demeter Ghana Ltd £1145871.28 (2022 £2,833,253.81  )
As at 31st December 2023 Demeter Holdings Ltd had a loan asset from:
OKO Environmental £128400.51 (2022 £74,711.73 )
As at 31st December 2023 Demeter Holdings Ltd had a loan asset from:
Frafra Baskets Ltd £78020.05 (2022 £58268.40 )
Page 7