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REGISTERED NUMBER: 12732236 (England and Wales)















Audited Financial Statements for the Year Ended 31 December 2024

for

BERBERE UK LTD

BERBERE UK LTD (Registered number: 12732236)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BERBERE UK LTD

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr Matteo Aloe
Mr Salvatore Aloe
Mr Simon Peter Edrich





REGISTERED OFFICE: C/O Accountsco, 47 Islington Park Street
London
England
N1 1QB





REGISTERED NUMBER: 12732236 (England and Wales)





AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

BERBERE UK LTD (Registered number: 12732236)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,040,373 536,252

CURRENT ASSETS
Stocks 5 24,935 19,706
Debtors 6 615,296 316,321
Prepayments and accrued income 23,354 18,267
Cash at bank 91,809 21,464
755,394 375,758
CREDITORS
Amounts falling due within one year 7 333,716 202,279
NET CURRENT ASSETS 421,678 173,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,462,051

709,731

CREDITORS
Amounts falling due after more than one
year

8

2,536,957

1,448,812
NET LIABILITIES (1,074,906 ) (739,081 )

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings (1,084,906 ) (749,081 )
SHAREHOLDERS' FUNDS (1,074,906 ) (739,081 )

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 8 July 2025 and were signed on its behalf by:





Mr Salvatore Aloe - Director


BERBERE UK LTD (Registered number: 12732236)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Berbere UK LTD is a private company, limited by shares, registered in England and Wales. The registration number of the company is 12732236. Registered office is C/O Accountsco, 47 Islington Park Street, London, England, N1 1QB

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 company has therefore taken advantage of exemptions from the following disclosure requirements:
- Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;
- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
- Section 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
- Section 33 'Related Party Disclosures': Compensation for key management personnel.

Turnover
Turnover comprises of the consideration received for the sale of food and drinks, excluding discounts, deposits, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - over the length of the lease
Plant and machinery - over the length of the lease or 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BERBERE UK LTD (Registered number: 12732236)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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.

Going concern
The directors have received assurance of the continued support of the parent company which has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore the directors consider it appropriate that the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and
Buildings machinery Totals
£ £ £
COST
At 1 January 2024 539,225 115,375 654,600
Additions 451,813 146,784 598,597
Disposals - (2,510 ) (2,510 )
At 31 December 2024 991,038 259,649 1,250,687
DEPRECIATION
At 1 January 2024 89,614 28,734 118,348
Charge for year 74,323 20,153 94,476
Eliminated on disposal - (2,510 ) (2,510 )
At 31 December 2024 163,937 46,377 210,314
NET BOOK VALUE
At 31 December 2024 827,101 213,272 1,040,373
At 31 December 2023 449,611 86,641 536,252

BERBERE UK LTD (Registered number: 12732236)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. STOCKS
31.12.24 31.12.23
£ £
Stocks 24,935 19,706

6. DEBTORS
31.12.24 31.12.23
£ £
Amounts falling due within one year:
Trade debtors 18,667 15,103
Amounts owed by group undertakings 6,183 6,183
Other debtors 159,850 44,293
184,700 65,579

Amounts falling due after more than one year:
Deferred tax 430,596 250,742

Aggregate amounts 615,296 316,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade creditors 226,508 114,232
Social security and other taxes 22,475 39,974
Other creditors 56,831 10,571
Accruals and deferred income 27,902 37,502
333,716 202,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Amounts owed to group undertakings 2,536,957 1,448,812

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£ £
Within one year 236,155 164,837
Between one and five years 1,249,918 679,722
In more than five years 1,466,034 1,038,074
2,952,107 1,882,633

BERBERE UK LTD (Registered number: 12732236)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
10,000 Ordinary Shares 1 10,000 10,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Berbere SRL. Berbere SRL is the parent of the smallest group for which consolidated financial statements are drawn up of which the company is a member. Berbere SRL, is a company incorporated in Italy whose registered office is Via Giuseppe Petroni 9, Bologna, 10126, Italy, Copies of Berbere SRL's consolidated financial statements are publicly available.