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REGISTERED NUMBER: 12414006 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

FRESHO UK LTD

FRESHO UK LTD (REGISTERED NUMBER: 12414006)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRESHO UK LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: H P Birrell
J W Andronis
S P J Smart





REGISTERED OFFICE: The Fisheries
1 Mentmore Terrace
London
E8 3PN





REGISTERED NUMBER: 12414006 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

FRESHO UK LTD (REGISTERED NUMBER: 12414006)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,624 11,980

CURRENT ASSETS
Debtors 5 52,643 16,838
Cash at bank 33,803 15,354
86,446 32,192
CREDITORS
Amounts falling due within one year 6 2,610,536 1,659,079
NET CURRENT LIABILITIES (2,524,090 ) (1,626,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,513,466

)

(1,614,907

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (2,513,467 ) (1,614,908 )
SHAREHOLDERS' FUNDS (2,513,466 ) (1,614,907 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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

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 12 March 2025 and were signed on its behalf by:





H P Birrell - Director


FRESHO UK LTD (REGISTERED NUMBER: 12414006)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Fresho UK Ltd 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 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as Fresho Pty Ltd, the parent company, will continue to provide financial support to the company for at least twelve months and one day following the signing of the financial statements.

Related party exemption
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.

Turnover
The company recognises revenue on delivery of the products, hence when the risks and rewards are transferred to the customers. The revenue consists of an initial set-up fees which grant access to the products, and ongoing monthly fees.

Tangible fixed assets
Tangible fixed assets are initially recognised at cost. Depreciation is provided for at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation
Taxation for the year 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 year 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.

FRESHO UK LTD (REGISTERED NUMBER: 12414006)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 23,052
Additions 7,096
Disposals (596 )
At 30 June 2024 29,552
DEPRECIATION
At 1 July 2023 11,072
Charge for year 8,138
Eliminated on disposal (282 )
At 30 June 2024 18,928
NET BOOK VALUE
At 30 June 2024 10,624
At 30 June 2023 11,980

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 29,217 8,258
Amounts owed by group undertakings 12,184 572
Other debtors 11,242 8,008
52,643 16,838

FRESHO UK LTD (REGISTERED NUMBER: 12414006)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 6,846 9,579
Amounts owed to group undertakings 2,498,277 1,601,714
Taxation and social security 100,153 43,405
Other creditors & accruals 5,260 4,381
2,610,536 1,659,079

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year - 95,784

The company is currently in the process of negotiating a new lease agreement. As of the date of these financial statements, the terms and amount of the lease have not been finalised and remain unknown.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Share capital 1 £0.01 1 1

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10. ULTIMATE PARENT COMPANY

The ultimate parent company of Fresho UK Ltd is Fresho Pty Ltd, a company incorporated in Australia.