Company registration number 07112217 (England and Wales)
NATURAL DISTRIBUTION PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
NATURAL DISTRIBUTION PROPERTIES LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 9
NATURAL DISTRIBUTION PROPERTIES LIMITED
COMPANY INFORMATION
- 1 -
Director
M D Pozo Caballero
Company number
07112217
Registered office
c/o Stevens & Bolton LLP
Wey House
Farnham Road
Guildford
Surrey
GU1 4YD
Auditor
Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
NATURAL DISTRIBUTION PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
Current assets
Debtors
5
119
437
Cash at bank and in hand
357
94
476
531
Creditors: amounts falling due within one year
Other creditors
6
46,856
29,378
Net current liabilities
(46,380)
(28,847)
Capital and reserves
Called up share capital
7
120
120
Profit and loss reserves
8
(46,500)
(28,967)
Total equity
(46,380)
(28,847)
NATURAL DISTRIBUTION PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 26 August 2025
M D Pozo Caballero
Director
Company Registration No. 07112217
The notes on pages 5 to 9 form part of these financial statements
NATURAL DISTRIBUTION PROPERTIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
Share capital
Profit and loss reserves
Total
Balance at 1 January 2023
120
(20,785)
(20,665)
Year ended 31 December 2023:
Loss and total comprehensive income for the year
-
(8,182)
(8,182)
Balance at 31 December 2023
120
(28,967)
(28,847)
Year ended 31 December 2024:
Loss and total comprehensive income for the year
-
(17,533)
(17,533)
Balance at 31 December 2024
120
(46,500)
(46,380)
The notes on pages 5 to 9 form part of these financial statements
NATURAL DISTRIBUTION PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information

Natural Distribution Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Stevens & Bolton LLP, Wey House, Farnham Road, Guildford, Surrey, GU1 4YD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in Euros, which is the presentational and functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest Euro.

The financial statements have been prepared under the historical cost convention unless specified within these accounting policies.

1.2
Going concern

The company made a loss in the year of €17,533 (2023 - €8,182). The company is in a net liability and net current liability position of €46,380 at the 31 December 2024 (2023 - €28,847) as a result of loans from the parent and other group companies.true

 

Natural Distribution Properties Limited is reliant on support from its parent company, Laboratorios Cinfa, S.A. A letter of support has been obtained from Laboratorios Cinfa, S.A., which confirms that financial support will be provided for at least 12 months from the date of signing of these financial statements, to allow the company to meet its payment and business management commitments, as they fall due.

 

The director is satisfied Laboratorios Cinfa, S.A., has the resources available to provide the financial support required, taking into consideration the wider group's performance and funding needs.

 

The financial statements have been prepared on a going concern basis, however, as part of a potential group restructuring, it is probable that Natural Distribution Properties Limited, will be liquidated, within the next 12 months, subject to formal approval by the boards and shareholders. At the reporting date, no formal decision to liquidate the company had been made, and the company continues to operate as normal. The company continues to meet its obligations as they fall due, and has the ongoing support of the group.

 

The anticipated liquidation is part of an internal reorganisation and is not expected to have a material adverse impact on stakeholders, as all liabilities are expected to be settled in full or transferred within the group. Management has assessed the company’s ability to continue as a going concern and, based on current fact and circumstances, believe it remains appropriate to prepare the financial statements on a going concern basis. The possible future liquidation, presents a significant judgement and if approved , would require a change in the basis of preparation in future reporting periods.

NATURAL DISTRIBUTION PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.3
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

NATURAL DISTRIBUTION PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 7 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

The director does not consider there to be any significant judgement and estimates which would have an impact on the financial statements.

NATURAL DISTRIBUTION PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
3
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
For audit services
Audit of the financial statements of the company
6,190
5,764
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Director
1
1
Total
1
1
5
Debtors
2024
2023
Amounts falling due within one year:
Other debtors
119
437
6
Other creditors falling due within one year
2024
2023
Amounts owed to group undertakings
32,834
21,928
Accruals and deferred income
14,022
7,450
46,856
29,378

Amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
Issued and fully paid
Ordinary shares of £1 each
100
100
120
120
NATURAL DISTRIBUTION PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Called up share capital
(Continued)
- 9 -

The company has one class of ordinary shares with no special voting or dividend rights beyond those prescribed in the Companies Act 2006.

8
Profit and loss reserves

The company's reserve is as follows:

 

Profit and loss account

The profit and loss account represents the cumulative profits attributable to the shareholders of the company.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Michelle Hewitt-Dutton FCCA and the auditor was Verallo.
10
Related party transactions

The company has taken advantage of the exemption available in FRS 102 33.1A not to disclose related party transactions with any wholly owned members of Infarco, S.A. There are no other related party transactions.

11
Parent company

The director considers that the parent undertaking of the company is Natural Sante Limited, a company incorporate in the UK, company number 8443206, which owns 100% of the issued share capital in the company.

 

The smallest and largest group in which the results of the company are consolidated is that headed by the ultimate holding and controlling party, Infarco, S.A., a company incorporated in Spain. No other group financial statements include the results of the company. The consolidated financial statements for this group are available to the public and may be obtained from Infarco, S.A., Travesia de Roncesvalles 1, Poligono de Olloki, 31699 Olloki, Navarra, Spain.

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