L A FOODS (UK) LIMITED 31/01/2025 iXBRL

Company registration number: 03123119

L A FOODS (UK) LIMITED

Filleted financial statements

31 January 2025

Pearlman Rose

Chartered Accountants

Suite 1, First Floor

Jack Dash House

2 Lawn House Close

London, E14 9YQ

L A FOODS (UK) LIMITED

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

L A FOODS (UK) LIMITED

Directors and other information


	Directors	Mr Liaqat Hussain
		Mrs Shafiat Hussain


	Secretary	Shafiat Hussain


	Company number	03123119


	Registered office	C/o Pearlman Rose
		Suite 1, Jack Dash House
		2 Lawn House Close, London
		E14 9YQ


	Auditor	Pearlman Rose
		Suite 1, Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ


	Accountants	Pearlman Rose
		Suite 1, Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ




	Bankers	Lloyds Bank Plc
		39 Piccadilly, Mayfair
		London
		W1J 0AA

L A FOODS (UK) LIMITED

Directors responsibilities statement

Year ended 31 January 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

L A FOODS (UK) LIMITED

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	214,229		228,062
Tangible assets	6	4,087,664		4,006,942
Investments	7	378,529		378,529
		_______		_______
			4,680,422		4,613,533

Current assets
Debtors	8	1,626,507		1,715,060
Cash at bank and in hand		153,041		326,507
		_______		_______
		1,779,548		2,041,567
Creditors: amounts falling due
within one year	9	( 631,054)		( 821,957)
		_______		_______
Net current assets			1,148,494		1,219,610
			_______		_______
Total assets less current liabilities			5,828,916		5,833,143

Creditors: amounts falling due
after more than one year	10		( 1,750,814)		( 1,838,356)

Provisions for liabilities			( 129,687)		( 134,542)

			_______		_______
Net assets			3,948,415		3,860,245
			_______		_______

Capital and reserves
Called up share capital			50,000		50,000
Other reserves			30,712		30,712
Profit and loss account			3,867,703		3,779,533
			_______		_______
Shareholders funds			3,948,415		3,860,245
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr Liaqat Hussain

Director

Company registration number: 03123119

L A FOODS (UK) LIMITED

Statement of changes in equity

Year ended 31 January 2025

	Called up share capital	Other reserves	Profit and loss account	Total
	£	£	£	£


At 1 February 2023	50,000	30,712	3,254,449	3,335,161

Profit for the year			925,084	925,084
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	925,084	925,084

Dividends paid and payable			( 400,000)	( 400,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 400,000)	( 400,000)

	_______	_______	_______	_______
At 31 January 2024 and 1 February 2024	50,000	30,712	3,779,533	3,860,245

Profit for the year			682,670	682,670
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	682,670	682,670

Dividends paid and payable			( 594,500)	( 594,500)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 594,500)	( 594,500)

	_______	_______	_______	_______
At 31 January 2025	50,000	30,712	3,867,703	3,948,415
	_______	_______	_______	_______

L A FOODS (UK) LIMITED

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is C/o Pearlman Rose, Suite 1, Jack Dash House, 2 Lawn House Close, London, E14 9YQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold and leasehold properties	-	2 %	straight line
Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	452,000	452,000
	_______	_______
Amortisation
At 1 February 2024	223,938	223,938
Charge for the year	13,833	13,833
	_______	_______
At 31 January 2025	237,771	237,771
	_______	_______
Carrying amount
At 31 January 2025	214,229	214,229
	_______	_______
At 31 January 2024	228,062	228,062
	_______	_______

6. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 February 2024	4,150,735	687,239	1,659,008	6,496,982
Additions	204,995	-	100,694	305,689
	_______	_______	_______	_______
At 31 January 2025	4,355,730	687,239	1,759,702	6,802,671
	_______	_______	_______	_______
Depreciation
At 1 February 2024	951,767	265,189	1,273,084	2,490,040
Charge for the year	88,666	63,308	72,993	224,967
	_______	_______	_______	_______
At 31 January 2025	1,040,433	328,497	1,346,077	2,715,007
	_______	_______	_______	_______
Carrying amount
At 31 January 2025	3,315,297	358,742	413,625	4,087,664
	_______	_______	_______	_______
At 31 January 2024	3,198,968	422,050	385,924	4,006,942
	_______	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Plant and machinery
		£
	At 31 January 2025	117,010
		_______
	At 31 January 2024	137,659
		_______

7. Investments

	Loans to group undertakings and participating interests	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	378,529	378,529
	_______	_______
Impairment
At 1 February 2024 and 31 January 2025	-	-
	_______	_______
Carrying amount
At 31 January 2025	378,529	378,529
	_______	_______
At 31 January 2024	378,529	378,529
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	118,336	202,574
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,400,397	1,410,397
Other debtors	107,774	102,089
	_______	_______
	1,626,507	1,715,060
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	176,897	168,473
Trade creditors	21,638	125
Corporation tax	251,422	368,286
Social security and other taxes	62,139	164,866
Other creditors	118,958	120,207
	_______	_______
	631,054	821,957
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,576,708	1,749,496
Other creditors	174,106	88,860
	_______	_______
	1,750,814	1,838,356
	_______	_______

The bank loan is secured.

11. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2025	2024
	£	£
Not later than 1 year	45,464	45,464
Later than 1 year and not later than 5 years	8,675	54,139
	_______	_______
	54,139	99,603
	_______	_______
Present value of minimum lease payments	54,139	99,603
	_______	_______

The company leases certain items of plant and equipment under lease agreements with a 5 year term that are repayable in equal monthly instalments.

12. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	285,352	285,939
Later than 1 year and not later than 5 years	970,930	899,262
Later than 5 years	1,301,360	1,015,608
	_______	_______
	2,557,642	2,200,809
	_______	_______

These include equipment and premises under operating lease agreements. The lease terms of these agreements vary between 3 and 20 years.

13. Summary audit opinion

The auditor's report dated 23 September 2025 was unqualified.

The senior statutory auditor was Mohammad Jilani for and on behalf of Pearlman Rose

14. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
FAB Retail Limited	2,372,500	2,126,000	119,600	126,100
	_______	_______	_______	_______

During the year the company charged Management Fees to FAB Retail Limited. The amount charged was £2,372,500 (2024 £2,126,000). Trade debtors include an amount of £119,600 owed by FAB Retail Ltd. The amount Included in Fixed Assets is a loan to a group company, L A Properties (UK) Ltd of £378,529. Included in Debtors are amounts owed by group companies. L A Group Holdings Ltd owes £745,597 and L A Properties (UK) Ltd owes £664,800. These amounts are due within one year. During the year the company paid a dividend of £594,800 to LA Group Holdings Limited, its holding company.

15. Controlling party

The company is owned 100% by LA Group Holdings Ltd, a company incorporated in England & Wales.