Afimilk Holdings UK Ltd Filleted Accounts Cover
Afimilk Holdings UK Ltd
Audited accounts
Company No. SC456413
Information for Filing with The Registrar
31 December 2023
Afimilk Holdings UK Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was holding company.
Directors
The Directors who served at any time during the year were as follows:
E. Gordon
Y. Sovinsky
(Resigned 31 August 2024)
Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with united Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
*
select suitable accounting policies and then apply them consistently;
*
make judgments and estimates that are reasonable and prudent;
*
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Auditors
The auditors, Gordon Levy Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Signed on behalf of the board
E. Gordon
Director
27 December 2024
Afimilk Holdings UK Ltd Balance Sheet Registrar
at
31 December 2023
Company No.
SC456413
Notes
2023
2022
£
£
Fixed assets
Investments
4
559,800559,800
559,800559,800
Current assets
Debtors
5
418,798422,898
418,798422,898
Creditors: Amount falling due within one year
6
(463,341)
(473,522)
Net current liabilities
(44,543)
(50,624)
Total assets less current liabilities
515,257509,176
Net assets
515,257509,176
Capital and reserves
Called up share capital
22,32222,322
Share premium account
8
3,547,7323,547,732
Capital redemption reserve
8
2,175,9762,175,976
Profit and loss account
8
(5,230,773)
(5,236,854)
Total equity
515,257509,176
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 December 2024
And signed on its behalf by:
E. Gordon
27 December 2024
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 December 2024
And signed on its behalf by:
E. Gordon
Director
27 December 2024
Afimilk Holdings UK Ltd Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Its registered number is: SC456413
Its registered office is:
272 Bath Street
Glasgow
Scotland
G2 4JR
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.
Going concern
These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.
2
Accounting policies
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Fixed asset investments are stated at cost less provision for diminution of value
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 January 2023
559,800
559,800
At 31 December 2023
559,800
559,800
Provisions/Impairment
Net book values
At 31 December 2023
559,800
559,800
At 31 December 2022
559,800
559,800
5
Debtors
2023
2022
£
£
Amounts owed by group undertakings
418,798422,898
418,798422,898
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
463,341
473,522
463,341473,522
7
Share Capital
-
8
Reserves
Capital redemption reserve
Total other reserves
£
£
At 1 January 2022
2,175,976
2,175,976
At 31 December 2022 and 1 January 2023
2,175,976
2,175,976
At 31 December 2023
2,175,9762,175,976
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
Transactions with related parties
The company has taken advantage of the exemption available according to Section 33 of FRS 102 "Related part disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
Afimilk Agricultural Cooperative Ltd
The parent's registered office address is:
Kibbutz Afikim, 1514800, Israel
10
Audit of the accounts
The directors have required the company to obtain an audit.
Unqualified
The auditors were: Gordon Levy Limited
The senior statutory auditor was: Gordon Levy, BA, FCA
Afimilk Holdings UK LtdSC45641331 December 202301 January 2023false27 December 2024BTCSoftware AP Solution 2024 11.1.0211.1.02For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.trueSC4564132023-01-012023-12-31SC4564132023-12-31SC4564132022-12-31SC456413core:WithinOneYear2023-12-31SC456413core:WithinOneYear2022-12-31SC456413core:ShareCapital2023-12-31SC456413core:ShareCapital2022-12-31SC456413core:SharePremium2023-12-31SC456413core:SharePremium2022-12-31SC456413core:CapitalRedemptionReserve2023-12-31SC456413core:CapitalRedemptionReserve2022-12-31SC456413core:RetainedEarningsAccumulatedLosses2023-12-31SC456413core:RetainedEarningsAccumulatedLosses2022-12-31SC456413bus:RegisteredOffice2023-01-012023-12-31SC4564132022-01-012022-12-31SC456413core:CostValuation2023-01-01SC456413core:CostValuation2023-12-31SC456413core:CostValuationcore:UnlistedNon-exchangeTraded2023-12-31SC456413core:CapitalRedemptionReserve2022-01-01SC456413core:OtherReservesSubtotal2022-01-01SC456413core:CapitalRedemptionReserve2023-01-01SC456413core:OtherReservesSubtotal2023-01-01SC456413core:OtherReservesSubtotal2023-12-31SC456413core:CapitalRedemptionReserve2023-01-012023-12-31SC456413core:SharePremium2023-01-012023-12-31SC456413core:RetainedEarningsAccumulatedLosses2023-01-012023-12-31SC4564132023-01-01SC456413bus:SmallEntities2023-01-012023-12-31SC456413bus:FullAccounts2023-01-012023-12-31SC456413bus:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC456413bus:Director12023-01-012023-12-31SC456413bus:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:pure