REGISTERED NUMBER: 12082348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

KHANATE FOODS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M N Ahmad

M W Khan

M S Khan

H A Nasim

M Shahzad

REGISTERED OFFICE:

9 Churchill Court

58 Station Road

North Harrow

HA2 7SA

REGISTERED NUMBER:

12082348 (England and Wales)

ACCOUNTANTS:

Chapmans

Chartered Accountants

9 Churchill Court

58 Station Road

North Harrow

HA2 7SA

FIXED ASSETS

Tangible assets

4

217,081

286,983

CURRENT ASSETS

Stocks

15,610

15,420

Debtors

5

225,664

103,680

Cash at bank and in hand

367,269

495,944

608,543

615,044

CREDITORS

Amounts falling due within one year

6

679,008

576,963

NET CURRENT (LIABILITIES)/ASSETS

(70,465

)

38,081

TOTAL ASSETS LESS CURRENT LIABILITIES

146,616

325,064

CREDITORS

Amounts falling due after more than one year

7

(9,167

)

(444,026

)

PROVISIONS FOR LIABILITIES

(31,888

)

-

NET ASSETS/(LIABILITIES)

105,561

(118,962

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

105,461

(119,062

)

105,561

(118,962

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

M S Khan - Director

1.	STATUTORY INFORMATION

Khanate Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2024 - 80 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

471,394

Additions

2,458

At 31 July 2025

473,852

DEPRECIATION

At 1 August 2024

184,411

Charge for year

72,360

At 31 July 2025

256,771

NET BOOK VALUE

At 31 July 2025

217,081

At 31 July 2024

286,983

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

7,242

Other debtors

83,041

96,438

83,041

103,680

Amounts falling due after more than one year:

Amounts owed by associates

142,623

-

Aggregate amounts

225,664

103,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

192,242

142,383

Taxation and social security

297,369

258,513

Other creditors

189,397

176,067

679,008

576,963

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to associates

-

424,859

Other creditors

9,167

19,167

9,167

444,026

8.	RELATED PARTY DISCLOSURES

Debtors include the following :

A loan of £510,204 (2024: £370,685) due from West London Foods Covent Garden Ltd, a company related by common directorship and ownership. The loan does not carry any interest and is repayable on demand.

A loan of £254,208 (2024:£70,000 Creditor) due from TAS Foods Limited, a company related by common directorship and ownership. The loan does not carry any interest and is repayable on demand.

A loan of £140,034 (2024:£Nil) due from TAS Foods Edgware Limited, a company related by common directorship and ownership. The loan does not carry any interest and is repayable on demand.

Creditors include the following:

A loan of £756,348 (2024:£719,731) due to West London Foods Ltd, a company related by common directorship and ownership. The loan does not carry any interest and is repayable on demand.

A loan of £5,475 (2024:£5,813) due to TAS Foods Enfield Limited, a company related by common directorship and ownership. The loan does not carry any interest and is repayable on demand.