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REGISTERED NUMBER: 13551432 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Essential Foods General Partner Ltd

Essential Foods General Partner Ltd (Registered number: 13551432)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Essential Foods General Partner Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr N A Bujnoch
D Elsass





REGISTERED OFFICE: Olympus House Pullan Way
Morley
Leeds
LS27 0BZ





REGISTERED NUMBER: 13551432 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Essential Foods General Partner Ltd (Registered number: 13551432)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Essential Foods General Partner Ltd for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Essential Foods General Partner Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Essential Foods General Partner Ltd and state those matters that we have agreed to state to the Board of Directors of Essential Foods General Partner Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Essential Foods General Partner Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Essential Foods General Partner Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Essential Foods General Partner Ltd. You consider that Essential Foods General Partner Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Essential Foods General Partner Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


5 August 2025

Essential Foods General Partner Ltd (Registered number: 13551432)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,650 10,450

CURRENT ASSETS
Stocks 228,596 240,987
Debtors 5 131,475 132,251
Cash at bank 114,881 314,437
474,952 687,675
CREDITORS
Amounts falling due within one year 6 715,169 822,294
NET CURRENT LIABILITIES (240,217 ) (134,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(233,567

)

(124,169

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (233,667 ) (124,269 )
SHAREHOLDERS' FUNDS (233,567 ) (124,169 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 5 August 2025 and were signed on its behalf by:





D Elsass - Director


Essential Foods General Partner Ltd (Registered number: 13551432)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Essential Foods General Partner 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.The net realisable value of stocks is calculated as the estimated selling price less costs incurred to execute sale.

Debtors
Debtors are valued individually and there are made provisions according to this valuation.

Cash at bank
Cash at bank include deposits held at call with banks.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.


Essential Foods General Partner Ltd (Registered number: 13551432)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 19,000
AMORTISATION
At 1 January 2024 8,550
Charge for year 3,800
At 31 December 2024 12,350
NET BOOK VALUE
At 31 December 2024 6,650
At 31 December 2023 10,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,249 103,926
VAT 18,080 17,403
Prepayments 36,146 10,922
131,475 132,251

Essential Foods General Partner Ltd (Registered number: 13551432)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 377,310 381,708
Amounts owed to group undertakings 217,118 411,454
Tax 5,817 5,817
Accruals and deferred income 114,924 23,315
715,169 822,294

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 100 100 100

8. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Essential Foods ApS, a company incorporated and registered in Denmark.

No group financial statements include the results of the company.