Company registration number 01935226 (England and Wales)
What's Cooking Savoury UK Ltd
Audited Financial Statements
For the year ended
31 December 2024
Pages for filing with registrar
What's Cooking Savoury UK Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
What's Cooking Savoury UK Ltd
Statement Of Financial Position
As at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
64,915
101,741
Debtors
4
840,006
999,025
Cash at bank and in hand
268,616
155,021
1,173,537
1,255,787
Creditors: amounts falling due within one year
5
(939,040)
(1,045,890)
Net current assets
234,497
209,897
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
234,397
209,797
Total equity
234,497
209,897

The notes on pages 2 to 4 form part of these financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 March 2025 and are signed on its behalf by:
C. Byls
Director
Company registration number 01935226 (England and Wales)
What's Cooking Savoury UK Ltd
Notes To The Financial Statements
For the year ended 31 December 2024
- 2 -
1
General information

What's Cooking Savoury UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

2
Accounting policies
2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date the accounts were signed. Accordingly they have adopted the going concern basis in preparing the financial statements. true

 

Inflation continued to have a large impact on the cost of raw materials and production expenses and was passed through as much as possible to customers during the year. Thanks to the arrangements with What’s Cooking Savoury Belgium NV, the impact for the company is very limited. the company will continue to focus on the transparent pass-through of expenses in 2025.

 

The turnover increased during 2024 and the company will aim to further these efforts in 2025 and explore options for profitable volume growth in the UK territory.

2.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.4
Stocks

Stock is valued at the lower of cost or net realisable value. All stock is acquired from What's Cooking Savoury Belgium NV. Cost represents the production cost to the group plus mark-up according to the agreed transfer pricing policy with What's Cooking Savoury UK Limited. Net realisable value represents estimated selling price less costs to complete and sell. Provisions are made for slow moving, obsolete or damaged stock where net realisable value is less than cost.

2.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

What's Cooking Savoury UK Ltd
Notes To The Financial Statements (Continued)
For the year ended 31 December 2024
2
Accounting policies
(Continued)
- 3 -
2.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

2.7
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Employees

There were no employees in the current or preceding years.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
764,807
716,650
Amounts owed by group undertakings
57,649
265,677
Other debtors
17,550
16,698
840,006
999,025
What's Cooking Savoury UK Ltd
Notes To The Financial Statements (Continued)
For the year ended 31 December 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
31,327
27,291
Amounts owed to group undertakings
561,322
790,921
Corporation tax
10,143
25,036
Other creditors
336,248
202,642
939,040
1,045,890
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Julia Wigram FCA
Statutory Auditor:
Dixcart Audit LLP
Date of audit report:
6 March 2025
7
Controlling party

As at 31 December 2024 the immediate parent company of What's Cooking Savoury UK Ltd was What's Cooking Savoury Belgium NV, a company incorporated in Belgium.

 

The ultimate parent company and controlling party was What's Cooking Group NV, a company incorporated in Belgium and listed on Euronext, Brussels. The address of its registered office is Beke 1, 9950 Waarschoot, Belgium.

 

The parent of the largest and smallest group for which group accounts including What's Cooking Savoury UK Ltd are drawn up is What's Cooking Group NV. Copies of these group accounts can be obtained at whatscooking.group/en-GB/information-for-investors-on-whatscooking.

 

On 10 January 2025 Aurelius IV Dutch Acquico one B.V., a listed company incorporated in the Netherlands, acquired 100% of the share capital of What's Cooking Group NV and became the ultimate parent company and controlling party from that date. The address of its registered office is Herengracht 493, 1017 BT Amsterdam, the Netherlands.

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