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REGISTERED NUMBER: 13989529 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WEST LONDON FOODS COVENT GARDEN LTD

WEST LONDON FOODS COVENT GARDEN LTD (REGISTERED NUMBER: 13989529)

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


WEST LONDON FOODS COVENT GARDEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M N Ahmad
M W Khan
M S Khan
H A Nasim
M Shahzad





REGISTERED OFFICE: 9 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7SA





REGISTERED NUMBER: 13989529 (England and Wales)





ACCOUNTANTS: Chapmans
Chartered Accountants
9 Churchill Court
58 Station Road
North Harrow
HA2 7SA

WEST LONDON FOODS COVENT GARDEN LTD (REGISTERED NUMBER: 13989529)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 176,843 79,975
Tangible assets 5 1,627,886 580,000
1,804,729 659,975

CURRENT ASSETS
Stocks 38,230 -
Debtors 6 54,166 20,025
Cash at bank and in hand 335,124 34,358
427,520 54,383
CREDITORS
Amounts falling due within one year 7 1,174,911 39,665
NET CURRENT (LIABILITIES)/ASSETS (747,391 ) 14,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,338

674,693

CREDITORS
Amounts falling due after more than one year 8 835,961 670,000
NET ASSETS 221,377 4,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,277 4,593
SHAREHOLDERS' FUNDS 221,377 4,693

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.

WEST LONDON FOODS COVENT GARDEN LTD (REGISTERED NUMBER: 13989529)

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 27 December 2024 and were signed on its behalf by:





M S Khan - Director


WEST LONDON FOODS COVENT GARDEN LTD (REGISTERED NUMBER: 13989529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

West London Foods Covent Garden Ltd 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.

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 2024, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

WEST LONDON FOODS COVENT GARDEN LTD (REGISTERED NUMBER: 13989529)

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 90 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 79,975
Additions 109,500
At 31 March 2024 189,475
AMORTISATION
Charge for year 12,632
At 31 March 2024 12,632
NET BOOK VALUE
At 31 March 2024 176,843
At 31 March 2023 79,975

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 120,000 460,000 580,000
Additions 390,450 1,029,915 1,420,365
At 31 March 2024 510,450 1,489,915 2,000,365
DEPRECIATION
Charge for year - 372,479 372,479
At 31 March 2024 - 372,479 372,479
NET BOOK VALUE
At 31 March 2024 510,450 1,117,436 1,627,886
At 31 March 2023 120,000 460,000 580,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 54,166 20,025

WEST LONDON FOODS COVENT GARDEN LTD (REGISTERED NUMBER: 13989529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 167,090 27,526
Taxation and social security 448,261 5,939
Other creditors 559,560 6,200
1,174,911 39,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 835,961 670,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
West London Foods Ltd 503,961 410,000
Khanate Ltd 332,000 260,000
835,961 670,000

9. RELATED PARTY DISCLOSURES

During the year company has received a £503,960 loan from West London Foods Ltd which has common directors and shareholders. This loan is interest free and payable on demand.

During the year company has received a £332,000 loan from Khanate Ltd which has common directors and shareholders. This loan is interest free and payable on demand.