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REGISTERED NUMBER: 07220249 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 May 2025

for

Horn of Plenty Limited

Horn of Plenty Limited (Registered number: 07220249)






Contents of the Financial Statements
For The Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Horn of Plenty Limited

Company Information
For The Year Ended 31 May 2025







DIRECTORS: J Vincent
F Lockhat





REGISTERED OFFICE: The Horn of Plenty
Gulworthy
Tavistock
Devon
PL19 8JD





REGISTERED NUMBER: 07220249 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Horn of Plenty Limited (Registered number: 07220249)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,487 2,231
Tangible assets 5 1,612,029 1,655,062
1,613,516 1,657,293

CURRENT ASSETS
Stocks 31,090 31,086
Debtors 6 10,572 6,982
Cash at bank and in hand 7,137 57,733
48,799 95,801
CREDITORS
Amounts falling due within one year 7 1,456,594 1,367,637
NET CURRENT LIABILITIES (1,407,795 ) (1,271,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,721

385,457

CREDITORS
Amounts falling due after more than one
year

8

(47,491

)

-

PROVISIONS FOR LIABILITIES - (47,777 )
NET ASSETS 158,230 337,680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,130 337,580
158,230 337,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

Horn of Plenty Limited (Registered number: 07220249)

Balance Sheet - continued
31 May 2025


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 18 August 2025 and were signed on its behalf by:





J Vincent - Director


Horn of Plenty Limited (Registered number: 07220249)

Notes to the Financial Statements
For The Year Ended 31 May 2025

1. STATUTORY INFORMATION

Horn of Plenty 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and state net of value added tax. Turnover represents the value of services provided in the period and where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill has been fully amortised over an economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of five years.

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.

Land and buildings - 2% on cost
Plant and machinery etc- 33% on reducing balance, 25% on reducing balance, 15% on reducing
balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Horn of Plenty Limited (Registered number: 07220249)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2024 253,215 5,000 258,215
Disposals (253,215 ) - (253,215 )
At 31 May 2025 - 5,000 5,000
AMORTISATION
At 1 June 2024 253,215 2,769 255,984
Charge for year - 744 744
Eliminated on disposal (253,215 ) - (253,215 )
At 31 May 2025 - 3,513 3,513
NET BOOK VALUE
At 31 May 2025 - 1,487 1,487
At 31 May 2024 - 2,231 2,231

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2024 1,390,733 833,672 2,224,405
Additions - 13,232 13,232
At 31 May 2025 1,390,733 846,904 2,237,637
DEPRECIATION
At 1 June 2024 30,988 538,355 569,343
Charge for year 15,581 40,684 56,265
At 31 May 2025 46,569 579,039 625,608
NET BOOK VALUE
At 31 May 2025 1,344,164 267,865 1,612,029
At 31 May 2024 1,359,745 295,317 1,655,062

Horn of Plenty Limited (Registered number: 07220249)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade debtors 3,200 4,233
Other debtors 7,372 2,749
10,572 6,982

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans and overdrafts 45,693 -
Trade creditors 45,241 61,916
Amounts owed to group undertakings 1,151,038 1,119,586
Taxation and social security 56,719 45,097
Other creditors 157,903 141,038
1,456,594 1,367,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans 42,652 -
Other creditors 4,839 -
47,491 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.25 31.5.24
£    £   
Within one year 1,255 1,255
Between one and five years 3,452 4,707
4,707 5,962

10. SECURED DEBTS

The freehold property of the company has been provided as security for the commercial loan of the parent company, Sandy Shores Ltd.

11. GOING CONCERN

The company maintains a net assets position and the majority of current liabilities relate to an intercompany loan with the parent company, under common control, with no intention of calling this in for repayment.Despite this the company remains in a net current liabilities position at the year end.

Since the year end the company has undertaken some changes with the aim of returning to profitability. A strategy has been developed, backed by detailed forecasts, in order to facilitate this.