Just Love Food Company Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12985759 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021

FOR

JUST LOVE FOOD COMPANY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Woods

C W K Smith

G A Adams

REGISTERED OFFICE:

Unit 6 Oakdale Court

Bryn Brithdir

Oakdale Business Park

Blackwood

Gwent

NP12 4AD

REGISTERED NUMBER:

12985759 (England and Wales)

ACCOUNTANTS:

Graham Paul Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Investments

4

683,424

CURRENT ASSETS

Debtors

5

82,298

Cash at bank

8,701

90,999

CREDITORS

Amounts falling due within one year

6

59,905

NET CURRENT ASSETS

31,094

TOTAL ASSETS LESS CURRENT LIABILITIES

714,518

CREDITORS

Amounts falling due after more than one year

7

503,808

NET ASSETS

210,710

CAPITAL AND RESERVES

Called up share capital

10,000

Share premium

366,092

Retained earnings

(165,382

)

210,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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 27 July 2022 and were signed on its behalf by:

M J Woods - Director

1.	STATUTORY INFORMATION

Just Love Food Company Holdings Limited 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.

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

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.

Preparation of consolidated financial statements

The financial statements contain information about Just Love Food Company Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Turnover

Turnover relates to management fees charged to the 100% owned subsidiary company. They are measured at the fair value of the consideration receivable, excluding discounts, rebates and value added tax, for work carried out during the year.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

683,424

At 31 December 2021

683,424

NET BOOK VALUE

At 31 December 2021

683,424

The investment represents 100% of the issued share capital of its subsidiary purchased as a result of a management buy out undertaken during the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

82,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans

49,536

Trade creditors

1,400

Taxation and social security

3,718

Other creditors

5,251

59,905

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

503,808

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years

146,709

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

553,344

Bank loans are secured by way of fixed and floating charges over all existing and future company assets.

9.	FINANCIAL COMMITMENTS AND GUARANTEES

The company has provided security, in the form of fixed and floating charges over the assets of the company, against a loan creditor of its 100% owned subsidiary. The amount outstanding and owed at the the period end was £63,440.