HOLY COW FINE INDIAN FOOD LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05687012

HOLY COW FINE INDIAN FOOD LTD

Filleted Unaudited Financial Statements

31 December 2024

HOLY COW FINE INDIAN FOOD LTD

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		58,859	60,072

Current assets

Stocks		2,855	2,960
Debtors	6	2,657	3,686
Investments	7	167,516	167,516
Cash at bank and in hand		15,646	13,492
		---------	---------
		188,674	187,654

Creditors: amounts falling due within one year	8	140,045		147,288
		---------		---------
Net current assets			48,629	40,366
			---------	---------
Total assets less current liabilities			107,488	100,438

Creditors: amounts falling due after more than one year	9	69,245	79,245
		---------	---------
Net assets		38,243	21,193
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	38,143	21,093
	--------	--------
Shareholders funds	38,243	21,193
	--------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HOLY COW FINE INDIAN FOOD LTD

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

K Acharya
Director

Company registration number: 05687012

HOLY COW FINE INDIAN FOOD LTD

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 792 Wickham Road, Croydon, Surrey, CR0 8EA.

2. Statement of compliance

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

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Short leasehold property	-	5% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	20% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2023: 19 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	56,913	56,211	8,363	7,448	128,935
Additions	–	1,400	4,529	–	5,929
	--------	--------	--------	-------	---------
At 31 December 2024	56,913	57,611	12,892	7,448	134,864
	--------	--------	--------	-------	---------
Depreciation
At 1 January 2024	17,075	42,177	5,451	4,160	68,863
Charge for the year	2,846	2,315	1,488	493	7,142
	--------	--------	--------	-------	---------
At 31 December 2024	19,921	44,492	6,939	4,653	76,005
	--------	--------	--------	-------	---------
Carrying amount
At 31 December 2024	36,992	13,119	5,953	2,795	58,859
	--------	--------	--------	-------	---------
At 31 December 2023	39,838	14,034	2,912	3,288	60,072
	--------	--------	--------	-------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	1,490	2,519
Other debtors	1,167	1,167
	-------	-------
	2,657	3,686
	-------	-------

7. Investments

	2024	2023
	£	£
Other investments - 240 Upper Richmond Road	19,700	19,700
Himalayan investments	147,816	147,816
	---------	---------
	167,516	167,516
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	98,517	97,945
Corporation tax	14,379	8,158
Social security and other taxes	23,763	38,561
Other creditors	3,386	2,624
	---------	---------
	140,045	147,288
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	15,000	25,000
Other creditors	54,245	54,245
	--------	--------
	69,245	79,245
	--------	--------

10. Director's advances, credits and guarantees

	2024	2023
	£	£
(advances)/credits
Director Loan Accounts	1,128	1,146
	-------	-------