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REGISTERED NUMBER: 13867095 (England and Wales)













Report of the Directors and

Financial Statements

for the Period

1 February 2023 to 31 December 2023

for

Vivera UK Limited

Vivera UK Limited (Registered number: 13867095)






Contents of the Financial Statements
for the Period 1 February 2023 to 31 December 2023




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Profit and Loss Account 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Vivera UK Limited

Company Information
for the Period 1 February 2023 to 31 December 2023







DIRECTORS: S Colthorpe
Vivera Topholding B.V.



REGISTERED OFFICE: Seton House
Warwick Technology Park
Gallows Hill
Warwick
Warwickshire
CV34 6DA



REGISTERED NUMBER: 13867095 (England and Wales)



SENIOR STATUTORY AUDITOR: Phillipa Symington ACA CA(SA)



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Vivera UK Limited (Registered number: 13867095)

Report of the Directors
for the Period 1 February 2023 to 31 December 2023

The directors present their report with the financial statements of the company for the period 1 February 2023 to 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the supply of innovative plant-based meat alternatives.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

S Colthorpe
Vivera Topholding B.V.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Clive Owen LLP, are deemed to be appointed under section 487(2) of the Companies Act 2006.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Colthorpe - Director


30 September 2024

Report of the Independent Auditors to the Members of
Vivera UK Limited

Opinion
We have audited the financial statements of Vivera UK Limited (the 'company') for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Vivera UK Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Vivera UK Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated
identified laws and regulations throughout the audit team and remained alert to any indications of
non-compliance throughout the audit. We determined the most significant of these to be financial reporting
legislation, taxation legislation, health & safety, and employment law.
- Enquiry of directors and management as to policies and procedures to ensure compliance and any known
instances of non-compliance.
- Review of board minutes and correspondence with regulators.
- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these
risks are managed.
- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial
statements. These key areas of uncertainty are disclosed in the accounting policies.
- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters which we are required to address
This is the first year Clive Owen LLP have been appointed as auditors. We have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.

Report of the Independent Auditors to the Members of
Vivera UK Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP
Chartered Accountants
& Statutory Auditors
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

30 September 2024

Vivera UK Limited (Registered number: 13867095)

Profit and Loss Account
for the Period 1 February 2023 to 31 December 2023

Period Period
1.2.23 to 31.12.23 24.1.22 to 31.1.23
Notes £    £    £    £   

TURNOVER 4 7,301,821 1,950,566

Cost of sales 5,370,368 1,636,530
GROSS PROFIT 1,931,453 314,036

Distribution costs 1,055,834 1,244,315
Administrative expenses 556,050 460,978
1,611,884 1,705,293
OPERATING PROFIT/(LOSS) 319,569 (1,391,257 )


Interest payable and similar expenses 6 80,312 -
PROFIT/(LOSS) BEFORE TAXATION 7 239,257 (1,391,257 )

Tax on profit/(loss) 9 141,887 (339,309 )
PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD

97,370

(1,051,948

)

Vivera UK Limited (Registered number: 13867095)

Other Comprehensive Income
for the Period 1 February 2023 to 31 December 2023

Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
Notes £    £   

PROFIT/(LOSS) FOR THE PERIOD 97,370 (1,051,948 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

97,370

(1,051,948

)

Vivera UK Limited (Registered number: 13867095)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 66,132 78,916

CURRENT ASSETS
Stocks 11 97,862 46,009
Debtors 12 2,299,939 1,788,524
Cash at bank 227,580 311,518
2,625,381 2,146,051
CREDITORS
Amounts falling due within one year 13 3,646,090 3,276,914
NET CURRENT LIABILITIES (1,020,709 ) (1,130,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(954,577

)

(1,051,947

)

CAPITAL AND RESERVES
Called up share capital 15 1 1
Retained earnings 16 (954,578 ) (1,051,948 )
SHAREHOLDERS' FUNDS (954,577 ) (1,051,947 )

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





S Colthorpe - Director


Vivera UK Limited (Registered number: 13867095)

Statement of Changes in Equity
for the Period 1 February 2023 to 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 1 - 1
Total comprehensive income - (1,051,948 ) (1,051,948 )
Balance at 31 January 2023 1 (1,051,948 ) (1,051,947 )

Changes in equity
Total comprehensive income - 97,370 97,370
Balance at 31 December 2023 1 (954,578 ) (954,577 )

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements
for the Period 1 February 2023 to 31 December 2023

1. STATUTORY INFORMATION

Vivera UK 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

After making appropriate enquiries and having prepared and reviewed cash flow forecasts which take into account possible changes in trading performance, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and for at least one period from the date of these financial statements. The forecasts are dependent on the future support of Vivera Topholding BV in both not seeking repayment of amounts currently due to the shareholder, as well as providing additional financial support during the period. Vivera Topholding BV has indicated its intention to continue to provide this support, as included in the forecasts.

As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue indefinitely, however, at date of approval of these accounts, they have no reason to believe that it will not do so.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on the going concern basis.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:
- paragraph 73(e) of IAS 16 Property, Plant and Equipment; and
- paragraph 118(e) of IAS 38 Intangible Assets;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to
136 of IAS 1;
the requirements of IAS 7 Statement of Cash Flows;
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates
and Errors;
the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;
the requirements of paragraph 74(b) of IAS 16;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into
between two or more members of a group.

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the fair value of the right to consideration for goods sold to customers.

Income recognition
Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has been transferred to to buyer.

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.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is based on the first-in first-out principle and includes expenditure incurred in acquring the stocks, and other costs in bringing them to their existing location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: the initial recognition of goodwill; the initial recognition of assets or liabilities that affect neither accounting nor taxable profit other than in a business combination, and the differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date.

A deferred tax asset is recognised only to the entente that it is probable that future taxable profits will be available against which the temporary difference can be utilised.

Employee benefit costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Non-derivative financial instruments
Non-derivative financial instruments comprise investments in equity and debt securities, trade and other debtors, cash and cash equivalents, loans and borrowings, and trade and other creditors.

Employee benefits: Pension obligations

The Company operates a defined contribution plan. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. The Company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

The Company has no further payment obligations once the contributions have been paid. The contributions are recognised as employee benefit expense over the period of employee service. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available.

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements under FRS 101 requires the directors to make estimates and assumption that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. The directors consider that the following estimates and judgements are likely to have the most significant effect on the amounts recognised in the financial statements:

Recoverability of trade debtors

The Company recognises loss allowances for expected credit losses (ECLs) on financial assets measured at amortised cost. The company has not recognised any expected credit loss but if trade debtors was adjusted to reflect a credit risk provision of 5% , with all other variables held constant, the loss for the period recognised in the profit and loss account would have been greater by £88,692 (prior year: £65k).

4. TURNOVER

The turnover and profit (2023 - loss) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
United Kingdom 7,301,821 1,950,566
7,301,821 1,950,566

5. EMPLOYEES AND DIRECTORS
Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Wages and salaries 337,967 168,186
Social security costs 29,757 13,365
Other pension costs 10,417 7,292
378,141 188,843

The average number of employees during the period was as follows:
Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23

Sales 4 4

Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Directors' remuneration - -

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

5. EMPLOYEES AND DIRECTORS - continued

Directors' emoluments and key management compensation

The UK have a requirement to disclose transactions with directors (s413 CA 2006). The emoluments of the directors are paid by a fellow group company, Vivera B.V, which makes no recharge to the company. The total emoluments are included in the aggregate of directors' emoluments disclosed in the financial statements of the parent company, Vivera Topholding B.V.

Retirement benefits

The Company offers membership of one the Company's Pension Schemes to eligible employees. The schemes are all defined contribution schemes and the pensions cost in the period was £10k.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Loan interest - related party 80,312 -

7. PROFIT/(LOSS) BEFORE TAXATION

The profit before taxation (2023 - loss before taxation) is stated after charging:
Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Cost of inventories recognised as expense 5,370,368 1,636,530
Computer software amortisation 14,001 4,157

8. AUDITORS' REMUNERATION
Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

17,650

20,000

9. TAXATION

Analysis of tax expense/(income)
Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Deferred tax 141,887 (339,309 )
Total tax expense/(income) in profit and loss account 141,887 (339,309 )

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

9. TAXATION - continued

Factors affecting the tax expense
The tax assessed for the period is higher (2023 - lower) than the standard rate of corporation tax in the UK. The difference is explained below:

Period Period
1.2.23 24.1.22
to to
31.12.23 31.1.23
£    £   
Profit/(loss) before income tax 239,257 (1,391,257 )
Profit/(loss) multiplied by the standard rate of corporation tax in the UK of
19% (2023 - 19%)

45,459

(264,339

)

Effects of:
Losses carried forward (45,459 ) 264,339
Deferred tax 141,887 (339,309 )
Tax expense/(income) 141,887 (339,309 )

10. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2023 83,073
Additions 1,217
At 31 December 2023 84,290
AMORTISATION
At 1 February 2023 4,157
Amortisation for period 14,001
At 31 December 2023 18,158
NET BOOK VALUE
At 31 December 2023 66,132
At 31 January 2023 78,916

11. STOCKS
2023 2023
£    £   
Stocks 97,862 46,009

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 1,773,848 1,294,769
VAT 171,643 128,990
Deferred tax asset 197,422 339,309
Prepayments and accrued income 157,026 25,456
2,299,939 1,788,524

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 150,646 149,568
Amounts owed to group undertakings 3,316,499 3,086,314
Taxation and social security 9,642 7,963
Other creditors 11,604 754
Accruals and deferred income 157,699 32,315
3,646,090 3,276,914

Amounts owed to group undertakings are unsecured and repayable on demand. No interest was charged on the balances during the period.

14. DEFERRED TAX
£   
Balance at 1 February 2023 (339,309 )
Utilised during period 141,887
Balance at 31 December 2023 (197,422 )

A deferred tax asset has been raised to the extent that it is probable that taxable future profits will be available against which the deductible temporary difference can be used

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
1 Ordinary £1 1 1

Called up share capital represents the nominal value of shares that have been issued.

16. RESERVES
Retained
earnings
£   

At 1 February 2023 (1,051,948 )
Profit for the period 97,370
At 31 December 2023 (954,578 )

Retained earnings represent all current period retained profits and losses.

Vivera UK Limited (Registered number: 13867095)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

17. ULTIMATE PARENT COMPANY

Vivera Topholding B.V. (incorporated in Netherlands ) is regarded by the directors as being the company's ultimate parent company.

The smallest group of companies for which group financial statements are drawn up and the Company is included is Vivera Topholding B.V. (VTBV), a company incorporated in the Netherlands. Copies of the consolidated financial statements of VTBV can be obtained from the Netherlands Chamber of Commerce website (www.kvk.nl). The largest group of companies for which group financial statements are drawn up and of which the Company is included is for the group headed by JBS S.A.

At 31 December 2023 the Company's ultimate parent company is JBS S.A., a company listed on the Brazilian stock exchange. JBS S.A., whose registered address is Avenida Marginal Direita do Tietê, 500, Vila Jaguara, São Paulo, Brazil, is ultimately controlled by the Batisa family compromised of Joesley Mendonica Batista and his brother Wesley Mendonica Batista through their ownership and control of J&F Investimentos S.A., a Brazilian corporation which owns 45.63% of the outstanding capital of JSB S.A. Copies of JBS S.A. consolidated financial statements can be obtained from the Brazilian stock exchange (http://bmfbovespa.com/br)

18. RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemptions contained in FRS 101, "Reduced Disclosure Framework" not to disclose transactions with its parent undertakings and fellow subsidiary undertakings of any group Company on the grounds that it is a 100% owned subsidiary and the consolidated financial statements of Vivera Topholding B.V., in which the Company is included, are publicly available.

There are no other transactions with related parties such as are required to be disclosed under FRS 101.

19. CHANGE IN YEAR END

On 28 March 2024 the company filed to have its year end changed from 31 January to 31 December, with 31 December 2023 being the first year end with the new accounting date.

20. COMPARATIVES

Comparative figures are reflecting the accounting period 24 January 2022 to 31 January 2023 due to first year of trade..