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O'BRIEN FINE FOODS LEEMING BAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
O'Brien Fine Foods Leeming Bar ("the Company") is a private company limited by shares, incorporated on 25 September 2024 in England and Wales. Its registered office is 20 Leases Road, Leeming Bar, Northallerton, North Yorkshire, United Kingdom, DL7 9AW.
The principal activity of the Company is that of a meat processor.
This the first period of account for the Company. The Company did not trade in this period.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of O'Brien Fine Foods Holdings (UK) Limited as at 31 December 2024 and these financial statements may be obtained from https://www.gov.uk/government /organisations /companies-house.
The Company is in its infancy and trading commenced post period end.
The Company has the continued operational and financial suppport from the ultimate parent undertaking whilst it continues to establish itself and repayments of any debt will be made from the future trading. Based on this, the directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future and they continue to adopt the going concern basis of accounting in preparing its annual financial statements.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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