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Financial Statements
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Contents
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Page
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Officers and professional advisers
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1
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Strategic report
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2
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Directors' report
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4
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Independent auditor's report to the members
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7
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Statement of income and retained earnings
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12
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Statement of financial position
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13
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Notes to the financial statements
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14
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Officers and Professional Advisers
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The board of directors
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Company secretary
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Registered office
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Auditor
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Chartered Accountants & Statutory Auditors
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Aisling House
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50 Stranmillis Embankment
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Belfast
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BT9 5FL
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Bankers
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Donegall Square West
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Belfast
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BT1 6JS
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Solicitors
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40 Bank Street
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Canary Wharf
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London
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E14 5DS
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Cumberland Court
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80 Mount Street
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Nottingham
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NG1 6HH
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Strategic Report
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Director
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Registered office:
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Directors' Report
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(Appointed
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(Appointed
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(Resigned
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(Resigned
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(Resigned
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(Resigned
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Unit
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31 Dec 20
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29 Dec 19
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Emissions resulting from activities for which the company is responsible
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tCO2e
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371
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–
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Emissions resulting from the purchase of electricity by the company for its own use
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tCO2e
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1,598
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–
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-------
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----
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Total emissions
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tCO2e
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1,969
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–
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Total energy consumption
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kWh
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8,872,306
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–
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------------
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----
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||
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Director
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Registered office:
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered Accountants & Statutory Auditors
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Aisling House
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50 Stranmillis Embankment
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Belfast
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BT9 5FL
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Statement of Income and Retained Earnings
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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Note
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£
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£
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Turnover
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4
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Cost of sales
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-------------
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-------------
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Gross profit
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Administrative expenses
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Other operating income
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5
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-------------
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-------------
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Operating profit
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6
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Interest payable
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10
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–
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-------------
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-------------
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Profit before taxation
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Taxation on ordinary activities
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11
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(
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------------
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------------
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Profit for the financial period and total comprehensive income
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------------
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------------
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Dividends paid and payable
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12
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–
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(
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Retained earnings at the start of the period
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-------------
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-------------
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Retained earnings at the end of the period
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-------------
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-------------
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Statement of Financial Position
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31 Dec 20
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29 Dec 19
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Note
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£
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£
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£
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Intangible assets
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13
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Tangible assets
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14
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Investments
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15
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-------------
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-------------
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Stocks
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16
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Debtors
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17
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Cash at bank and in hand
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-------------
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Creditors: amounts falling due within one year
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18
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-------------
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------------
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Net current liabilities
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-------------
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Total assets less current liabilities
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Taxation including deferred tax
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19
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Other provisions
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19
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------------
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---------
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1,735,324
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548,768
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-------------
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-------------
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Net assets
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-------------
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Called up share capital
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23
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Profit and loss account
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24
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-------------
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Shareholders funds
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Director
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Notes to the Financial Statements
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Goodwill
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-
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Licences
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-
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Short Leasehold
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-
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Shopfitting
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-
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7 years/the period of the lease
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Fixtures and fittings
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-
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3 - 10 years
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Short Life Assets
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-
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Sale of goods
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-------------
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-------------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Rental income
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–
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Government grant income
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–
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Other operating income
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–
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------------
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---------
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------------
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---------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Amortisation of intangible assets
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Depreciation of tangible assets
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Administrative expenses
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–
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336,977
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Loss on disposal of tangible assets
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–
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Gains on disposal of intangible assets
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(
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–
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Operating lease rentals
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Foreign exchange differences
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–
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------------
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------------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Fees payable for the audit of the financial statements
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---------
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--------
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31 Dec 20
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29 Dec 19
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No.
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No.
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Production staff
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Management staff
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65
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53
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----
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----
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----
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----
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Wages and salaries
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Social security costs
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Other pension costs
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-------------
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-------------
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-------------
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-------------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Remuneration
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–
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----
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---------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Aggregate remuneration
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–
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----
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---------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
|
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31 Dec 20
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29 Dec 19
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£
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£
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Interest on banks loans and overdrafts
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|
–
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----
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----
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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UK current tax expense
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|
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Adjustments in respect of prior periods
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|
(
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------------
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---------
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Total current tax
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(
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------------
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---------
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Origination and reversal of timing differences
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|
(
|
------------
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---------
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Taxation on ordinary activities
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|
(
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------------
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---------
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Period from
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Period from
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30 Dec 19 to
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24 Dec 18 to
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31 Dec 20
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29 Dec 19
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£
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£
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Profit on ordinary activities before taxation
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------------
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------------
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Profit on ordinary activities by rate of tax
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Adjustment to tax charge in respect of prior periods
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|
(
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Effect of expenses not deductible for tax purposes
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–
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Effect of capital allowances and depreciation
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Group relief
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–
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(
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Movement in deferred tax
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(
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------------
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------------
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Tax on profit
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(
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------------
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------------
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31 Dec 20
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29 Dec 19
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£
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£
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Dividends paid during the period (excluding those for which a liability existed at the end of the prior period )
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–
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----
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------------
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Goodwill
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Licences
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Total
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£
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£
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£
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Cost
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|||
At 30 December 2019
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Additions
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Disposals
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–
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(
|
(
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Acquisitions through business combinations
|
(
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–
|
(
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-------------
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------------
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-------------
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At 31 December 2020
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-------------
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------------
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-------------
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Amortisation
|
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At 30 December 2019
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Charge for the period
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Disposals
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–
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(
|
(
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-------------
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------------
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-------------
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At 31 December 2020
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-------------
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------------
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-------------
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Carrying amount
|
|||
At 31 December 2020
|
|
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|
-------------
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------------
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-------------
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At 29 December 2019
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-------------
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------------
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-------------
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Land and buildings
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Short leasehold property
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Shopfitting costs
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Fixtures and fittings
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Short life assets
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Total
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£
|
£
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£
|
£
|
£
|
£
|
|
Cost
|
||||||
At 30 Dec 2019
|
|
|
|
|
|
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Additions
|
–
|
|
|
|
|
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Disposals
|
(
|
(
|
(
|
(
|
(
|
(
|
------------
|
------------
|
-------------
|
-------------
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------------
|
-------------
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At 31 Dec 2020
|
|
|
|
|
|
|
------------
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------------
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-------------
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-------------
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------------
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-------------
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Depreciation
|
||||||
At 30 Dec 2019
|
–
|
|
|
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Charge for the period
|
–
|
|
|
|
|
|
Disposals
|
–
|
(
|
(
|
(
|
(
|
(
|
------------
|
------------
|
-------------
|
-------------
|
------------
|
-------------
|
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At 31 Dec 2020
|
–
|
|
|
|
|
|
------------
|
------------
|
-------------
|
-------------
|
------------
|
-------------
|
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Carrying amount
|
||||||
At 31 Dec 2020
|
|
|
|
|
|
|
------------
|
------------
|
-------------
|
-------------
|
------------
|
-------------
|
|
At 29 Dec 2019
|
|
|
|
|
|
|
------------
|
------------
|
-------------
|
-------------
|
------------
|
-------------
|
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Shares in group undertakings
|
|
£
|
|
Cost
|
|
At 30 December 2019 and 31 December 2020
|
|
------------
|
|
Impairment
|
|
At 30 December 2019 and 31 December 2020
|
–
|
------------
|
|
Carrying amount
|
|
At 31 December 2020
|
|
------------
|
|
At 29 December 2019
|
|
------------
|
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Registered office
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Class of share
|
Percentage of shares held
|
|
Subsidiary undertakings
|
|||
|
England
|
Ordinary Shares
|
100
|
31 Dec 20
|
29 Dec 19
|
|
£
|
£
|
|
Food and packaging
|
|
|
------------
|
---------
|
|
31 Dec 20
|
29 Dec 19
|
|
£
|
£
|
|
Amounts owed by group undertakings
|
|
|
Prepayments and accrued income
|
|
|
Other debtors
|
|
|
-------------
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------------
|
|
|
|
|
-------------
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------------
|
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31 Dec 20
|
29 Dec 19
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
Trade creditors
|
|
|
Amounts owed to group undertakings
|
|
–
|
Accruals and deferred income
|
|
|
Corporation tax
|
|
|
Social security and other taxes
|
|
|
Other creditors
|
|
|
-------------
|
------------
|
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|
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-------------
|
------------
|
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Deferred tax (note 20)
|
Dilapidations
|
Total
|
|
£
|
£
|
£
|
|
At 30 December 2019
|
|
|
|
Additions
|
|
|
|
------------
|
---------
|
------------
|
|
At 31 December 2020
|
|
|
|
------------
|
---------
|
------------
|
|
31 Dec 20
|
29 Dec 19
|
|
£
|
£
|
|
Included in provisions (note 19)
|
|
|
------------
|
---------
|
|
31 Dec 20
|
29 Dec 19
|
|
£
|
£
|
|
Accelerated capital allowances
|
|
|
------------
|
---------
|
|
31 Dec 20
|
29 Dec 19
|
|
£
|
£
|
|
Government grants recognised directly in income
|
|
–
|
------------
|
----
|
|
31 Dec 20
|
29 Dec 19
|
|||
No.
|
£
|
No.
|
£
|
|
|
|
42,839
|
|
42,839
|
---------
|
--------
|
---------
|
--------
|
|
31 Dec 20
|
29 Dec 19
|
||
£
|
£
|
||
Not later than 1 year
|
|
|
|
Later than 1 year and not later than 5 years
|
|
|
|
Later than 5 years
|
|
|
|
-------------
|
-------------
|
||
|
|
||
-------------
|
-------------
|
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31 Dec 20
|
||||
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
||
£
|
£
|
£
|
||
|
–
|
–
|
–
|
|
----
|
----
|
----
|
||
29 Dec 19
|
||||
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
||
£
|
£
|
£
|
||
|
|
(
|
–
|
|
-------
|
-------
|
----
|
||