REGISTERED NUMBER: |
LT Foods U.K. Limited |
Financial Statements for the Period 17 July 2023 to 31 March 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
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 |
Tangible fixed assets |
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 |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS |
£ |
Amounts falling due within one year: |
Other debtors |
VAT |
Prepayments and accrued income |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Finance leases (see note 8) |
Social security and other taxes |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Finance leases (see note 8) |
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 |
Between one and five years |
In more than five years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 200 |
100 Ordinary shares of £1 each were allotted as fully paid |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |