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REGISTERED NUMBER: 15006902 (England and Wales)















LT Foods U.K. Limited

Financial Statements for the Period 17 July 2023 to 31 March 2024






LT Foods U.K. Limited (Registered number: 15006902)






Contents of the Financial Statements
for the Period 17 July 2023 to 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LT Foods U.K. Limited

Company Information
for the Period 17 July 2023 to 31 March 2024







DIRECTORS: V Magoon
A Arora





REGISTERED OFFICE: Unit 5
Midas
River Way
Harlow
CM20 2GJ





REGISTERED NUMBER: 15006902 (England and Wales)





AUDITORS: Spurling Cannon Audit Limited
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

LT Foods U.K. Limited (Registered number: 15006902)

Statement of Financial Position
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 13,495,766

CURRENT ASSETS
Debtors 5 4,025,254
Cash at bank 115,933
4,141,187
CREDITORS
Amounts falling due within one year 6 329,470
NET CURRENT ASSETS 3,811,717
TOTAL ASSETS LESS CURRENT LIABILITIES 17,307,483

CREDITORS
Amounts falling due after more than one
year

7

12,560,185
NET ASSETS 4,747,298

CAPITAL AND RESERVES
Called up share capital 9 200
Share premium 4,853,067
Retained earnings (105,969 )
SHAREHOLDERS' FUNDS 4,747,298

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 1 May 2025 and were signed on its behalf by:




V Magoon - Director



A Arora - Director


LT Foods U.K. Limited (Registered number: 15006902)

Notes to the Financial Statements
for the Period 17 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

LT Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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 the cost less estimated residual value of each asset over its estimated useful life.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the period 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.

Going concern
The Directors have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

LT Foods U.K. Limited (Registered number: 15006902)

Notes to the Financial Statements - continued
for the Period 17 July 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 13,115,765 380,001 13,495,766
At 31 March 2024 13,115,765 380,001 13,495,766
NET BOOK VALUE
At 31 March 2024 13,115,765 380,001 13,495,766

5. DEBTORS
£   
Amounts falling due within one year:
Other debtors 1,977,099
VAT 54,554
Prepayments and accrued income 149,090
2,180,743

Amounts falling due after more than one year:
Other debtors 1,844,511

Aggregate amounts 4,025,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Finance leases (see note 8) 66,362
Social security and other taxes 30,958
Other creditors 232,150
329,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Finance leases (see note 8) 12,560,185

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 9,811,347

8. LEASING AGREEMENTS

At the reporting end date, the company had outstanding commitments for future minimum lease payments under cancellable finance leases, which fall due as follows:

LT Foods U.K. Limited (Registered number: 15006902)

Notes to the Financial Statements - continued
for the Period 17 July 2023 to 31 March 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
£   
Within one year 644,000
Between one and five years 6,171,667
In more than five years 11,055,333
17,871,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
200 Ordinary £1 200

100 Ordinary shares of £1 each were allotted as fully paid at a premium of 48530.67 per share during the period.

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

The Report of the Auditors was unqualified.

Jon Spurling FCCA (Senior Statutory Auditor)
for and on behalf of Spurling Cannon Audit Limited

11. RELATED PARTY DISCLOSURES

The company is owned by LT Overseas North America Inc. Since these entities are under common control, transactions between LT Foods International Limited and these companies qualify as related party transactions. The list of related parties, their relationships, and the balances due to and from related parties with transactions are detailed below:

Name Relationship

LT Foods Limited Ultimate Holding Company
LT Overseas North Americas, Inc Step-up Holding Company
LT Foods Europe Holdings Ltd Immediate Holding Company
LT Foods Americas Inc Associate
LT Foods Europe B.V. Associate
Nature Bio Foods B.V. Associate

Loan to related parties Amount

LT Foods Europe Holdings Ltd (Sundry creditors) £168,208

Related party transactions Amount

LT Foods Limited (Inventory in transit) £673,676

LT Foods U.K. Limited (Registered number: 15006902)

Notes to the Financial Statements - continued
for the Period 17 July 2023 to 31 March 2024

12. ULTIMATE CONTROLLING PARTY

LT Foods Europe Holdings Limited is regarded by the directors as being the company's parent company.
The ultimate parent company is LT Foods Limited, India. The published consolidated accounts of the ultimate holding company can be obtained from 4th Floor, MVL iPark, Part-2, Chander Nagar, Sector 15, Gurugram, Haryana 12201, India and from that company's website.