The Meat Hook Of Marlow Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

The Meat Hook Of Marlow Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13201955 . The registered office is 30 Central Markets, West Market Buildings Smithfield, London, EC1A 9PS.

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 and from the rendering of services. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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	20% Straight line
Plant & Machinery	6.67% Straight line
Motor Vehicles	20% Straight line
Fixtures & Fittings	20% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

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The Meat Hook Of Marlow 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 14)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	37,834	140,945	19,370	2,045	200,194

As at 31 March 2025	37,834	140,945	19,370	2,045	200,194

...CONTINUED

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The Meat Hook Of Marlow Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	18,917	22,804	323	1,006	43,050
Provided during the period	7,567	9,483	3,874	409	21,333

As at 31 March 2025	26,484	32,287	4,197	1,415	64,383

Net Book Value
As at 31 March 2025	11,350	108,658	15,173	630	135,811

As at 1 April 2024	18,917	118,141	19,047	1,039	157,144

5. Stocks

	2025	2024
	£	£
Stock	55,770	50,186

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	15,300	56,528
Other debtors	25,852	23,592

	41,152	80,120

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	135,562	132,704
Amounts owed to participating interests	64,993	64,993
Other creditors	66,347	65,445
Taxation and social security	50,692	38,817

	317,594	301,959

There are no amounts included in respect of which any security has been given by the small entity.

Included within other creditors is a balance relating to shareholder loans to the company totalling £49,998 (2024: £49,998)

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

9. Ultimate Controlling Party

Parent Company:

Longcroft and Old Smithfiled Limited

30 Central Markets, West Market Buildings. Smithfiled, London, EC1A 9PS.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		135,811		157,144

			135,811		157,144
CURRENT ASSETS
Stocks	5	55,770		50,186
Debtors	6	41,152		80,120
Cash at bank and in hand		132,966		82,871

		229,888		213,177
Creditors: Amounts Falling Due Within One Year	7	(317,594 )		(301,959 )

NET CURRENT ASSETS (LIABILITIES)			(87,706 )		(88,782 )

TOTAL ASSETS LESS CURRENT LIABILITIES			48,105		68,362

PROVISIONS FOR LIABILITIES
Deferred Taxation			(33,766 )		(39,122 )

NET ASSETS			14,339		29,240

CAPITAL AND RESERVES
Called up share capital	8		10		10
Profit and Loss Account			14,329		29,230

SHAREHOLDERS' FUNDS			14,339		29,240