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REGISTERED NUMBER: 02477049 (England and Wales)















LAS LOMAS (U.K.) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LAS LOMAS (U.K.) LIMITED (REGISTERED NUMBER: 02477049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


LAS LOMAS (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Carlos Masaveu Mora-Figueroa
Mr Ramon Mora-Figueroa Mora-Figueroa
Mr Fernando Mora-Figueroa Serra





SECRETARY: Mr Manuel Marina Reig





REGISTERED OFFICE: 4 Olympus House
Staniland Way
Werrington
Peterborough
PE4 6NA





REGISTERED NUMBER: 02477049 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

LAS LOMAS (U.K.) LIMITED (REGISTERED NUMBER: 02477049)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,525 4,426

CURRENT ASSETS
Debtors 5 155,227 98,090
Cash at bank and in hand 809,310 480,456
964,537 578,546
CREDITORS
Amounts falling due within one year 6 183,953 134,709
NET CURRENT ASSETS 780,584 443,837
TOTAL ASSETS LESS CURRENT LIABILITIES 783,109 448,263

PROVISIONS FOR LIABILITIES 631 1,107
NET ASSETS 782,478 447,156

CAPITAL AND RESERVES
Called up share capital 8 400,000 400,000
Retained earnings 382,478 47,156
SHAREHOLDERS' FUNDS 782,478 447,156

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 26 March 2025 and were signed on its behalf by:





Mr Carlos Masaveu Mora-Figueroa - Director


LAS LOMAS (U.K.) LIMITED (REGISTERED NUMBER: 02477049)

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

1. STATUTORY INFORMATION

Las Lomas (U.K.) 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.

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.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

LAS LOMAS (U.K.) LIMITED (REGISTERED NUMBER: 02477049)

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

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 27,744
DEPRECIATION
At 1 January 2024 23,318
Charge for year 1,901
At 31 December 2024 25,219
NET BOOK VALUE
At 31 December 2024 2,525
At 31 December 2023 4,426

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,694 87,678
Other debtors 19,533 10,412
155,227 98,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,403 4,223
Taxation and social security 115,924 113,277
Other creditors 13,626 17,209
183,953 134,709

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,000 10,000
Between one and five years 18,932 28,932
28,932 38,932

LAS LOMAS (U.K.) LIMITED (REGISTERED NUMBER: 02477049)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
320,000 Ordinary shares £1 320,000 320,000
80,000 "A" Ordinary shares £1 80,000 80,000
400,000 400,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alistair Main (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

10. PENSION COMMITMENTS

The company contributes to defined contribution plans. The amount recognised as an expense for contributions to defined contribution schemes in the year was £5,203 (2023: £3,959). Pension commitments of £Nil were outstanding at the year end (2023: £Nil).

11. RELATED PARTY DISCLOSURES

During the year the company generated sales of £Nil (2023: £Nil) from related companies with £Nil outstanding as at 31 December 2024 (2023: £Nil).

During the year the company purchased goods and services totalling £4,869,666 (2023: £3,949,997) from related companies, with £44,514 outstanding as at 31 December 2024 (2023: £nil).

12. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking and ultimate controlling party is Complejo Agricola Las Lomas S.L. a company based in Spain.

The smallest and largest group to consolidate these financial statements is that headed by Complejo Agricola Las Lomas S.L. Copies of the financial statements are available from Calle Jose Abascal 44, Madrid, 28003, Madrid.