Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01trueNo description of principal activity27false35falsefalse 13991982 2024-01-01 2024-12-31 13991982 2023-01-01 2023-12-31 13991982 2024-12-31 13991982 2023-12-31 13991982 2023-01-01 13991982 c:Director2 2024-01-01 2024-12-31 13991982 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 13991982 d:Buildings d:LongLeaseholdAssets 2024-12-31 13991982 d:Buildings d:LongLeaseholdAssets 2023-12-31 13991982 d:PlantMachinery 2024-01-01 2024-12-31 13991982 d:PlantMachinery 2024-12-31 13991982 d:PlantMachinery 2023-12-31 13991982 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13991982 d:FurnitureFittings 2024-01-01 2024-12-31 13991982 d:FurnitureFittings 2024-12-31 13991982 d:FurnitureFittings 2023-12-31 13991982 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13991982 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 13991982 d:OtherPropertyPlantEquipment 2024-12-31 13991982 d:OtherPropertyPlantEquipment 2023-12-31 13991982 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13991982 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13991982 d:ComputerSoftware 2024-12-31 13991982 d:ComputerSoftware 2023-12-31 13991982 d:CurrentFinancialInstruments 2024-12-31 13991982 d:CurrentFinancialInstruments 2023-12-31 13991982 d:Non-currentFinancialInstruments 2024-12-31 13991982 d:Non-currentFinancialInstruments 2023-12-31 13991982 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13991982 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13991982 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13991982 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13991982 d:ShareCapital 2024-12-31 13991982 d:ShareCapital 2023-12-31 13991982 d:ShareCapital 2023-01-01 13991982 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13991982 d:RetainedEarningsAccumulatedLosses 2024-12-31 13991982 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13991982 d:RetainedEarningsAccumulatedLosses 2023-12-31 13991982 d:RetainedEarningsAccumulatedLosses 2023-01-01 13991982 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 13991982 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 13991982 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 13991982 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 13991982 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13991982 c:OrdinaryShareClass1 2024-12-31 13991982 c:FRS102 2024-01-01 2024-12-31 13991982 c:Audited 2024-01-01 2024-12-31 13991982 c:FullAccounts 2024-01-01 2024-12-31 13991982 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13991982 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13991982 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 13991982 4 2024-01-01 2024-12-31 13991982 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 13991982 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 13991982 d:LeasedAssetsHeldAsLessee 2024-12-31 13991982 d:LeasedAssetsHeldAsLessee 2023-12-31 13991982 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 13991982 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13991982









M&E MILLS MANUFACTURING LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
M&E MILLS MANUFACTURING LTD
REGISTERED NUMBER: 13991982

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
14,208
-

Tangible assets
 5 
1,440,143
468,506

  
1,454,351
468,506

Current assets
  

Stocks
  
415,835
60,431

Debtors due after more than 1 year
 6 
98,585
-

Debtors: amounts falling due within one year
 6 
394,014
149,330

Cash at bank and in hand
  
62,686
41,932

  
971,120
251,693

Creditors: amounts falling due within one year
 7 
(4,155,396)
(789,803)

Net current liabilities
  
 
 
(3,184,276)
 
 
(538,110)

Total assets less current liabilities
  
(1,729,925)
(69,604)

Creditors: amounts falling due after more than one year
 8 
(40,564)
-

Provisions for liabilities
  

Deferred tax
 9 
-
(117,127)

Net liabilities
  
(1,770,489)
(186,731)


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
  
(1,780,489)
(196,731)

  
(1,770,489)
(186,731)


Page 1

 
M&E MILLS MANUFACTURING LTD
REGISTERED NUMBER: 13991982
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2025.

M Mills
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 2
 

 
M&E MILLS MANUFACTURING LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 January 2023
10,000
-
10,000



Comprehensive income for the year


Loss for the year
-
(196,731)
(196,731)





At 1 January 2024
10,000
(196,731)
(186,731)





Loss for the year
-
(1,583,758)
(1,583,758)



At 31 December 2024
10,000
(1,780,489)
(1,770,489)



The notes on pages 4 to 12 form part of these financial statements.

Page 3
 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

M&E Mills Manufacturing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 250 Tottenham Court Road, London, W1T 7QZ. 
The Company had a full year of trading in 2024 comared to one month in the prior year, as the trade and assets of Greenway Foods limited were purchased in December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the full financial support from its parent company. 
The directors have prepared cashflow projections for the company covering a period of at least 12 months from the date of approval of these financial statements and the directors consider that the company will be able to operate within its available facilities. Therefore, the financial statements have been prepared on a going concern basis, which the directors believe to be appropriate. 

 
2.4

Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Page 6

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight line over length of lease
Plant and machinery
-
10%-20% Straight Line
Fixtures and fittings
-
33% Straight Line

Depreciation is not applied to assets under construction, as they are not yet in a condition ready for their intended use

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

Creditors

Short-term creditors are measured at the transaction price. 

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.15

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from other third parties and related parties.

Page 7

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
5
2



Employees
30
25

35
27


4.


Intangible assets




Computer software

£



Cost


Additions
15,500



At 31 December 2024

15,500



Amortisation


Charge for the year on owned assets
1,292



At 31 December 2024

1,292



Net book value



At 31 December 2024
14,208



At 31 December 2023
-



Page 8

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Assets under construction
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
-
472,858
3,000
-
475,858


Additions
147,524
482,814
47,314
470,687
1,148,339



At 31 December 2024

147,524
955,672
50,314
470,687
1,624,197



Depreciation


At 1 January 2024
-
7,275
77
-
7,352


Charge for the year on owned assets
6,029
162,623
8,050
-
176,702



At 31 December 2024

6,029
169,898
8,127
-
184,054



Net book value



At 31 December 2024
141,495
785,774
42,187
470,687
1,440,143



At 31 December 2023
-
465,583
2,923
-
468,506

Payments made for machinery not yet in use by the year-end have been classified as assets under construction. Accordingly, no depreciation has been charged on these assets.

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
81,353
-

81,353
-

Page 9

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Deferred tax asset
98,585
-


2024
2023
£
£

Due within one year

Trade debtors
84,679
19,970

Other debtors
290,423
29,918

Prepayments
18,912
99,442

394,014
149,330



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
715,395
84,245

Amounts owed to group undertakings
3,196,107
648,836

Other taxation and social security
44,876
22,164

Obligations under finance lease and hire purchase contracts
41,667
-

Other creditors
152
-

Accruals
157,199
34,558

4,155,396
789,803



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
40,564
-


Page 10

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(117,127)


Charged to profit or loss
215,712



At end of year
98,585

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(334,314)
(117,127)

Tax losses carried forward
432,899
-

98,585
(117,127)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000  Ordinary share capital shares of £10.00 each
10,000
10,000



11.


Related party transactions

The company has taken advantage of the exemptions provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions undertaken or balances carried forward as at the reporting date between the company and its fellow wholly-owned group undertakings.


12.


Controlling party

The immediate parent undertaking is M&E MIlls Holdings Ltd by virtue of a 100% interest in the total issued share capital of M&E Mills Manufacturing Ltd. M&E Mills Holdings Ltd is incorporated in England and Wales, whose registered office is located at 250 Tottenham Court Road, London, W1T 7QZ. 
The ultimate parent undertaking largest group to consolidate these financial statements is Hero AG, a company registered in Switzerland. Copies of the Hero AG consolidated financial statements are available from Hero AG, Karl Roth-Strasse 8, CH-5600 Lenzburg, Switzerland.

Page 11

 
M&E MILLS MANUFACTURING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 15 August 2025 by Richard Paul (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.

 
Page 12