The London Meat Company Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Page 1

Page 2

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 05309398

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		441,536		470,131

			441,536		470,131
CURRENT ASSETS
Stocks	5	119,686		112,873
Debtors	6	1,731,331		1,467,254
Cash at bank and in hand		2,171,239		1,801,537

		4,022,256		3,381,664
Creditors: Amounts Falling Due Within One Year	7	(973,154 )		(1,262,885 )

NET CURRENT ASSETS (LIABILITIES)			3,049,102		2,118,779

TOTAL ASSETS LESS CURRENT LIABILITIES			3,490,638		2,588,910

Creditors: Amounts Falling Due After More Than One Year	8		(138,298 )		(175,424 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(43,823 )		(37,627 )

NET ASSETS			3,308,517		2,375,859

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			3,308,417		2,375,759

SHAREHOLDERS' FUNDS			3,308,517		2,375,859

Page 2

Page 3

The London Meat Company Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Chris Burnham

Director

15/12/2025

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

The London Meat Company Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

The London Meat Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05309398 . The registered office is 5 Crown Way, Yiewsley, West Drayton, Middlesex, UB7 8HZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% on Cost
Plant & Machinery	25% on Reducing Balance
Motor Vehicles	20% on Reducing Balance
Fixtures & Fittings	2% on Cost
Computer Equipment	25% on Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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 discounted.

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 its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where they are subsequently carried at amortised cost using effective interest method. Financial liabilities that constitute a financing transaction are measured at present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

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

Page 4

Page 5

The London Meat Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 15)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	389,330	157,141	257,502	50,323
Additions	-	17,780	30,884	25,740
Disposals	-	(62,589 )	(129,867 )	(9,199 )

As at 31 March 2025	389,330	112,332	158,519	66,864

Depreciation
As at 1 April 2024	97,278	142,512	145,647	2,893
Provided during the period	38,908	4,739	25,553	1,040
Disposals	-	(51,579 )	(117,463 )	(1,335 )

As at 31 March 2025	136,186	95,672	53,737	2,598

Net Book Value
As at 31 March 2025	253,144	16,660	104,782	64,266

As at 1 April 2024	292,052	14,629	111,855	47,430

Page 5

Page 6

The London Meat Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	12,792	867,088
Additions	167	74,571
Disposals	(8,365 )	(210,020 )

As at 31 March 2025	4,594	731,639

Depreciation
As at 1 April 2024	8,627	396,957
Provided during the period	871	71,111
Disposals	(7,588 )	(177,965 )

As at 31 March 2025	1,910	290,103

Net Book Value
As at 31 March 2025	2,684	441,536

As at 1 April 2024	4,165	470,131

5. Stocks

	2025	2024
	£	£
Materials	119,686	112,873

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,343,978	1,051,448
Other debtors	108,564	142,724
Loan	2,100	2,970
Rental deposit	75,000	75,000
Corporation tax recoverable assets	35,090	33,045
Directors' loan accounts	138,240	132,180
Amounts owed by other participating interests	28,359	29,887

	1,731,331	1,467,254

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	552,523	587,780
Corporation tax	331,783	565,589
Other taxes and social security	12,190	13,199
Net wages	9,439	9,201
Other creditors	29,103	49,000
Other Loans (CBILS) < 1 year	38,116	38,116

	973,154	1,262,885

Page 6

Page 7

The London Meat Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other Loans (CBILS)	138,298	175,424

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Andreas Georgiou	66,090	-	-	-	66,090
Mr James Moore	66,090	-	-	-	66,090
Mr Chris Burnham	-	59,300	(53,240 )	-	6,060

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

As at the balance sheet date, the company owed £28,359 (2024: £29,887) from The Elms Estate Harlington LLP, a UK-registered company under common director control. This amount relates to an interest-free working capital loan, which is repayable on demand.

Page 7

Directors	Mr Andreas Georgiou
	Mr James Moore
	Mr Chris Burnham
	Mrs Debra Burnham

Company Number	05309398

Registered Office	5 Crown Way
	Yiewsley
	West Drayton
	Middlesex
	UB7 8HZ

Accountants	More Group (Accounting) Limited
	1 Giltspur Street
	Farringdon
	London
	EC1A 9DD