The East India Company Food and - Accounts to registrar (filleted) - small 18.2
The East India Company Food and - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JULY 2019 TO 29 JUNE 2020 |
| FOR |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2019 TO 29 JUNE 2020 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JULY 2019 TO 29 JUNE 2020 |
| Directors: |
| Registered office: |
| Registered number: |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| BALANCE SHEET |
| 29 JUNE 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Current assets |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 10 | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Other reserves |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds |
| 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 EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| BALANCE SHEET - continued |
| 29 JUNE 2020 |
| 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 |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2019 TO 29 JUNE 2020 |
| 1. | Statutory information |
| The East India Company Food and Beverages Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents management fees received or receivable from group companies, net of value added tax. |
| Revenue Recognition |
| Management fees receivable is recognised over the period in which the services are provided. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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 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. |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2019 TO 29 JUNE 2020 |
| 2. | Accounting policies - continued |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Group accounts |
| The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the |
| obligation to prepare group accounts. |
| 3. | Employees and directors |
| The average number of employees during the period was |
| 4. | Intangible fixed assets |
| Devel |
| costs |
| £ |
| COST |
| At 1 July 2019 |
| and 29 June 2020 |
| AMORTISATION |
| At 1 July 2019 |
| Amortisation for period |
| At 29 June 2020 |
| NET BOOK VALUE |
| At 29 June 2020 |
| At 30 June 2019 |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2019 TO 29 JUNE 2020 |
| 5. | Tangible fixed assets |
| Fixtures |
| Long | and |
| leasehold | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2019 |
| Additions |
| At 29 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for period |
| At 29 June 2020 |
| NET BOOK VALUE |
| At 29 June 2020 |
| At 30 June 2019 |
| 6. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 July 2019 |
| and 29 June 2020 |
| NET BOOK VALUE |
| At 29 June 2020 |
| At 30 June 2019 |
| 7. | Stocks |
| 2020 | 2019 |
| £ | £ |
| Work-in-progress |
| Finished goods |
| 8. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| THE EAST INDIA COMPANY FOOD AND |
| BEVERAGES LIMITED (REGISTERED NUMBER: 04068868) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2019 TO 29 JUNE 2020 |
| 9. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 10. | Creditors: amounts falling due after more than one year |
| Loans: |
| 2015 | 2014 |
| £ | £ |
| Long term loan from group undertaking | 5,171,797 | 5,171,797 |
| Repayable in five years or more | 5,171,797 | 5,171,797 |
| 11. | 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. |
| 12. | Ultimate parent company |
| The company's immediate parent undertaking is The East India Company Group Limited, a company registered in British Virgin Islands. The ultimate parent company is The East India Company Enterprises Ltd, a company registered in British Virgin Islands. |