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REGISTERED NUMBER: 10607900 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Riccoffee (UK) Limited

Riccoffee (UK) Limited (Registered number: 10607900)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Riccoffee (UK) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: R M Dos Santos





REGISTERED OFFICE: 27 Clements Lane
London
EC4N 7AE





REGISTERED NUMBER: 10607900 (England and Wales)





AUDITORS: Haines Watts Liverpool Limited
Statutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Riccoffee (UK) Limited (Registered number: 10607900)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes $ $ $ $
FIXED ASSETS
Tangible assets 5 2,306 3,689

CURRENT ASSETS
Debtors 6 409,281 1,330,704
Cash at bank and in hand 582,201 440,759
991,482 1,771,463
CREDITORS
Amounts falling due within one year 7 77,684 5,774,580
NET CURRENT ASSETS/(LIABILITIES) 913,798 (4,003,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,104

(3,999,428

)

CAPITAL AND RESERVES
Called up share capital 10 1,702,000 1,002,000
Retained earnings 11 (785,896 ) (5,001,428 )
SHAREHOLDERS' FUNDS 916,104 (3,999,428 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2025 and were signed by:





R M Dos Santos - Director


Riccoffee (UK) Limited (Registered number: 10607900)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Riccoffee (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.

The presentation currency of the financial statements is the US Dollar ($).


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.

Turnover
Turnover represents trades in commodities, primarily trades in coffee beans.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - depreciated on a straight line basis over the useful life of 5 years.
Computer equipment - depreciated on a straight line basis over the useful life of 5 years.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable/receivable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

Riccoffee (UK) Limited (Registered number: 10607900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 the profit and loss account in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

Valuation of investments
Investments in subsidiaries are measured at cost less accumulated amortisation.

Financial instruments
Derivatives, including futures and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives. The company does not hold or issue derivative financial instruments for speculative purposes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4. AUDITORS' REMUNERATION
31.3.25 31.3.24
$ $
Fees payable to the company's auditors for the audit of the company's financial
statements

15,932

14,280

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
$ $ $
COST
At 1 April 2024 175,569 4,013 179,582
Disposals (171,419 ) (4,013 ) (175,432 )
At 31 March 2025 4,150 - 4,150
DEPRECIATION
At 1 April 2024 171,880 4,013 175,893
Charge for year 1,383 - 1,383
Eliminated on disposal (171,419 ) (4,013 ) (175,432 )
At 31 March 2025 1,844 - 1,844
NET BOOK VALUE
At 31 March 2025 2,306 - 2,306
At 31 March 2024 3,689 - 3,689

Riccoffee (UK) Limited (Registered number: 10607900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
$ $
Trade debtors 5,160 307,405
Amounts owed by group undertakings 17,023 -
Other debtors 77,353 171,136
Hedging Account 300,314 794,144
Directors' current accounts 184 491
VAT 3,191 3,746
Prepayments 6,056 53,782
409,281 1,330,704

Amounts due from group companies are repayable on demand and attract no interest.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
$ $
Trade creditors 5,563 3,207
Amount owed to related parties - 5,657,552
Tax 31,999 -
Social security and other taxes 20,674 18,798
Other creditors 19,448 -
Accrued expenses - 95,023
77,684 5,774,580

Amounts due to related parties are repayable on demand and attract no interest.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
$ $
Within one year 64,511 83,097
Between one and five years - 5,236
64,511 88,333

9. SECURED DEBTS

There is a fixed and floating charge over the undertakings of the company dated 23/03/2018. This charge is held by Barclays Bank PLC. The charge was satisfied on the 11/06/2025.

Riccoffee (UK) Limited (Registered number: 10607900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number Class Nominal Value 31.3.25 31.3.24
$    $   
2,000 Ordinary $1 2,000 2,000
1,700,000 Ordinary-B $1 1,700,000 1,000,000
1,702,000 1,002,000

2,000 ordinary shares with a nominal value of $1 each were issued on incorporation for cash consideration.

1,000,000 ordinary B shares with a nominal value of $1 each were created and subsequently issued at a price of $1 each through the conversion of a $1,000,000 inter group loan.

On the 18/12/2024 a further 700,000 ordinary B shares with a nominal value of $1 each were created and subsequently issued at a price of $1 each through the conversion of a $700,000 inter group loan.

11. RESERVES
Retained
earnings
$

At 1 April 2024 (5,001,428 )
Profit for the year 4,215,532
At 31 March 2025 (785,896 )

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

The Report of the Auditors was unqualified.

Michael Forshaw FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts Liverpool Limited

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
$ $
R M Dos Santos
Balance outstanding at start of year 491 32,924
Amounts advanced 27,812 491
Amounts repaid (28,119 ) (32,924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 184 491

Riccoffee (UK) Limited (Registered number: 10607900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Directors loan account balances are repayable on demand and attract no interest.

14. RELATED PARTY DISCLOSURES

There is a debtor balance in the financial statements due from Riccoffee Brasil LTDA of $17,023 (2024: $0).

Riccoffee (UK) Limited owe Ricco Group FZE a net amount of $0 (2024: $5,657,552). In 2024 this was comprised of a creditor balance of $6,198,000 and a debtor balance of $540,448. Ricco Group FZE formerly had a direct interest in Riccoffee (UK) Limited through ownership of the ordinary B shares.

On 18th December 2024, 700,000 Ordinary-B shares were allotted and exchanged as part of the debt to equity exchange which took place to write off the loan of $5,657,552.

On 24th January 2025 the now 1,700,000 Ordinary-B shares and the 2,000 Ordinary shares were transferred from Craig Price, to Riccoffee Brasil LTDA.

There is a debtor balance in the financial statements due from New World Coffee Suppliers Limited, a company with the same director, for an amount of $40,289 (2024: $39,436). This balance is repayable on demand and attracts no interest.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Riccoffee Brasil LTDA, through ownership of the 2,000 ordinary shares and the 1,700,000 ordinary B shares.