Afimilk Holdings UK Ltd Accounts






Afimilk Holdings UK Ltd
Audited accounts
	Company No. SC456413
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was holding company.




Directors

The Directors who served at any time during the year were as follows:

E. Gordon
Y. Sovinsky			(Resigned 31 August 2024)







































Auditors
The auditors, Gordon Levy Limited, will be proposed for appointment in accordance with Section 486 of the Companies Act 2006.




































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E. Gordon
Director
31 December 2025

at	31 December 2024
Company No.		SC456413	Notes	2024	2023
				£	£
Fixed assets



	Investments		4	559,800	559,800
				559,800	559,800
Current assets

	Debtors		5	413,348	418,798


				413,348	418,798
Creditors: Amount falling due within one year			6	(443,740)	(463,341)
Net current liabilities				(30,392)	(44,543)
Total assets less current liabilities				529,408	515,257




Net assets				529,408	515,257

Capital and reserves
	Called up share capital			22,322	22,322
	Share premium account		9	3,547,732	3,547,732

	Capital redemption reserve		9	2,175,976	2,175,976
	Profit and loss account		9	(5,216,622)	(5,230,773)

Total equity				529,408	515,257



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2025 and signed on its behalf by:





Director
31 December 2025

for the year ended 31 December 2024

General information

Afimilk Holdings UK Ltd is a private company limited by shares and incorporated in Scotland.

The company's registered number is: SC456413

The address of the company's registered office is:

272 Bath Street

Glasgow

Scotland

G2 4JR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.

Going concern

These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.

Accounting policies

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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

Investments

Fixed asset investments are stated at cost less provision for diminution of value

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 January 2024	559,800	559,800



		At 31 December 2024	559,800	559,800
		Provisions/Impairment





		Net book values
		At 31 December 2024	559,800	559,800
		At 31 December 2023	559,800	559,800

5	Debtors
			2024	2023
			£	£

		Amounts owed by group undertakings	413,348	418,798






			413,348	418,798

6	Creditors:
		amounts falling due within one year
			2024	2023
			£	£





		Amounts owed to group undertakings	443,740	463,341




			443,740	463,341

7	Share based payments

	The company operates an employee share option plan, 0 options have been granted in 2024 (2023: 0) for shares in the company.
	Details of the share options outstanding during the year are as follows:
		Weighted average exercise price	Number	Weighted average exercise price	Number
		2024	2024	2023	2023

	Outstanding as at beginning of year	-	-	-	-
	Granted during the year	-	-	-	-
	Cancelled during the year	-	-	-	-
	Outstanding as at the end of the year
	Outstanding as at the end of the year

			2024		2023

			Black- scholes		Black- scholes

	Share price		-		-
	Exercise price		-		-
	Contractual life (years)		-		-
	Expected volatility		0.00%		0.00%
	Risk-free interest rate		0.00%		0.00%


			2024		2023
			£		£

	Equity-settled schemes		(2,175,976)		(2,175,976)

Share Capital

9	Reserves
			Capital redemption reserve	Total other reserves
			£	£
		At 1 January 2023	2,175,976	2,175,976



		At 31 December 2023 and 1 January 2024	2,175,976	2,175,976



		At 31 December 2024	2,175,976	2,175,976


		Capital redemption reserve - records the nominal value of shares repurchased by the company.
		Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
		Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

The company has taken advantage of the exemption available according to Section 33 of FRS 102 "Related part disclosure" not to disclose transactions entered in to between two or more members of a group that are wholly owned.

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Afimilk Agricultural Cooperative Ltd

The parent's registered office address is:

Kibbutz Afikim, 1514800, Israel

Audit of the accounts

The directors have required the company to obtain an audit.

Unqualified

The auditors were: Gordon Levy Limited

The senior statutory auditor was: Gordon Levy, BA, FCA