ACCOUNTS - Final Accounts preparation

Registered number: 12951967

LATE HARVEST LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2025

LATE HARVEST LIMITED

REGISTERED NUMBER: 12951967

BALANCE SHEET

AS AT 31 OCTOBER 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Investments	4		245,844		244,300
Current assets
Cash at bank and in hand		520		94
		520		94
Creditors: amounts falling due within one year	5	(308,904)		(298,222)
Net current liabilities			(308,384)		(298,128)
Total assets less current liabilities			(62,540)		(53,828)

Net liabilities			(62,540)		(53,828)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(62,541)	(53,829)
	(62,540)	(53,828)

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M G Wilson CBE

Director

Date: 31 October 2026

The notes on pages 3 to 5 form part of these financial statements.

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LATE HARVEST LIMITED

REGISTERED NUMBER: 12951967

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2025

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LATE HARVEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Late Harvest Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is Eon House, 138 Piccadilly, London, W1J 7NR.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the company has net liabilities totalling £62,540 (2024: £53,828) but the directors have received assurance from the major creditors that they will not demand repayment of the amounts owed to them until the company has the requisite funds available. At the time of approving these financial statements, the directors consider that the company will have sufficient funds to settle all of its debts as they fall due for at least 12 months. The directors therefore consider it appropriate to prepare the company's financial statements on the going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

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LATE HARVEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.4

Taxation

The tax expense for the year comprises current and deferred tax which is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Valuation of investments

Investments in unlisted commodities, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period.

2.6

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.

2.7

Creditors

Short-term creditors are measured at the transaction price.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other creditors and investments in unlisted commodities.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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LATE HARVEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

4.	Fixed asset investments

		Unlisted investments
		£
	Valuation
	At 1 November 2024	266,591
	Disposals	(490)
	At 31 October 2025	266,101
	Impairment
	At 1 November 2024	22,291
	Charge for the period	(2,034)
	At 31 October 2025	20,257
	Net book value
	At 31 October 2025	245,844
	At 31 October 2024	244,300

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	301,070	291,022
Accruals	7,834	7,200
	308,904	298,222

6.	Related party transactions
	At the reporting date, creditors include £301,070 (2024: £291,022) due to the company's parent undertaking, which is interest-free and repayable on demand.

7.	Controlling party

The company's immediate parent undertaking is Late Harvest LLC, a company incorporated in the United States. Mr D G Wilson is the ultimate controlling party.

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