LATIMER COCOA WORKS LLP

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The members have prepared the financial statements on the going concern basis as they do not intend to liquidate the LLP or to cease its operations, and as they have concluded that the LLP's financial position means that this is realistic. The members have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Significant events

• “During the year the final 121 homes finished construction (2024: 74 homes) and 103 were sold on the open market, generating turnover of £31.9 million (2024: £16.7 million turnover on 52 sales).”
• “At the reporting date, the remaining 40 homes are held in completed stock at £15.1 million, and there is also £0.5 million of commercial properties under construction (2024: £7.9 million for 22 completed homes, plus £37.9 million for properties under construction).”
• “Stock as at 31 March 2025 is stated net of £2,257,000 of impairment, with £1,063,000 of impairment released in the year as a result of a large number of sales completing (2024: stated net of £3,320,000 of impairment, all recognised during the year as a result of the challenging sales conditions in the UK housing market).”
• “The impaired stock plus marketing costs incurred in the year have contributed to an operating loss of £1.4 million (2024: £4.5 million).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +33.6%

  £23,899,000 → £31,940,000

• Cash

  —

  Not reported

• Net assets

  -65.3%

  £46,012,000 → £15,958,000

• Employees

  —

  Not reported

• Operating profit

  +68.2%

  -£4,544,000 → -£1,447,000

• Profit before tax

  +15.7%

  -£5,426,000 → -£4,573,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers