REGISTERED NUMBER: 02453339 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

G.& E. (MEATS) LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Property, plant and equipment

4

923,085

795,679

CURRENT ASSETS

Inventories

43,955

59,568

Debtors

5

1,742,471

1,314,435

Cash at bank and in hand

790,898

1,322,715

2,577,324

2,696,718

CREDITORS

Amounts falling due within one year

6

2,003,683

2,203,538

NET CURRENT ASSETS

573,641

493,180

TOTAL ASSETS LESS CURRENT LIABILITIES

1,496,726

1,288,859

PROVISIONS FOR LIABILITIES

7

60,772

28,920

NET ASSETS

1,435,954

1,259,939

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

680,000

680,000

Retained earnings

754,954

578,939

1,435,954

1,259,939

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

Mr P Stratis - Director

1.	STATUTORY INFORMATION

G.& E. (Meats) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02453339

Registered office:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

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

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives

Fixtures and fittings - 15% on reducing balance

Computer equipment - 25% on reducing balance

Motor vehicles - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Land and building held and used in the Company's own activities for production and supply of goods or for

administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations are carried out regularly so that the carrying amounts do not materially differ form using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The Company operates a defined contribution pension scheme. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity and has no further payment obligations.

The contributions are recognised as an expense in profit or loss in the period as employees provide service. Amounts due but unpaid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Cash & cash equivalent

Cash at bank and in hand 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 current liabilities.

Financial instruments

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 amortised.

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 the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Called up share capital and reserves

Called-up share capital represents the nominal value of ordinary shares that have been issued. The share premium account includes any premiums received on issue of share capital. Any transaction costs associated with issuing shares are deducted from share premium.

The retained earnings include all current and prior period retained profits and losses.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised

when paid. Final equity dividends are recognised when approved by the shareholders at an annual general

meeting. These amounts are recognised in the statement of changes in equity.

New or revised standards or interpretations

Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs Periodic Review 2024

On 27 March 2024, the FRC issued Amendments to FRS 102. The effective date for most amendments is accounting periods beginning on or after 1 January 2026, with earlier adoption permitted. The Amendments include new disclosures for supplier finance arrangements that are mandatorily effective from 1 January 2025.

The most significant amendments are the replacement of Section 23, now renamed Revenue from Contracts with Customers, and Section 20 Leases. The many other less significant changes, including a new Section 2A Fair Value Measurement, are not currently expected to have a material impact. The new revenue and leasing requirements seek to provide greater consistency and alignment to the international accounting standards, i.e. IFRS 15 and IFRS 16.

The Company is planning for the implementation of these change and is at an early stage in evaluating their financial impact. Under the new lease accounting requirements management expects that these amounts would be recognised on-balance sheet, with a lease liability based on the discounted value of the future commitments, plus payments related to optional extension periods if considered reasonably certain, and a related ‘right-of-use’ asset. Management is reviewing existing revenue contracts to determine the overall recognition, measurement, presentation and disclosure impact.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 20 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Short

Fittings

Motor

Computer

leasehold

& Machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

680,000

313,966

71,050

29,471

1,094,487

Additions

-

-

139,042

9,342

148,384

At 31 March 2025

680,000

313,966

210,092

38,813

1,242,871

DEPRECIATION

At 1 April 2024

-

258,914

22,296

17,598

298,808

Charge for year

-

8,258

9,751

2,969

20,978

At 31 March 2025

-

267,172

32,047

20,567

319,786

NET BOOK VALUE

At 31 March 2025

680,000

46,794

178,045

18,246

923,085

At 31 March 2024

680,000

55,052

48,754

11,873

795,679

Cost or valuation at 31 March 2025 is represented by:

Fixtures

and

Short

Fittings

Motor

Computer

leasehold

& Machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2014

605,000

-

-

-

605,000

Valuation in 2017

75,000

-

-

-

75,000

Cost

-

313,966

210,092

38,813

562,871

680,000

313,966

210,092

38,813

1,242,871

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

1,178,639

829,366

Other debtors

563,832

485,069

1,742,471

1,314,435

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade creditors

1,285,003

1,018,447

Amounts owed to group undertakings

448,301

1,099,362

Taxation and social security

161,796

74,590

Other creditors

108,583

11,139

2,003,683

2,203,538

7.	PROVISIONS FOR LIABILITIES

2025

2024

(Unaudited)

£

£

Deferred tax

60,772

28,920

Deferred

tax

£

Balance at 1 April 2024

28,920

Provided during year

31,852

Balance at 31 March 2025

60,772

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

680,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi (Senior Statutory Auditor)

for and on behalf of AGK Partnership Ltd

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors is an amount of £513,537 (2024: £436,244) due from the connected companies with common directorship. This amount was interest-free and recoverable on demand.

11.	POST BALANCE SHEET EVENTS

No significant events have occurred between the reporting date, 31 March 2025, and the date the financial statements were authorised for issue that would require adjustment to or disclosure in the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Stratis.

Stratis Meats Limited is regarded by the director as being the company's ultimate parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by Stratis Meats Limited, which is incorporated in United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office at 1 Kings Avenue, London, N21 3NA.

13.	COMPARATIVES DISCLOSURE

The comparative figures are unaudited, as the company did not exceed the statutory audit thresholds in the prior period.