REGISTERED NUMBER: 02369108 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2025

for

House of Flavours Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

L Meek

D J Twiss

SECRETARY:

L Meek

REGISTERED OFFICE:

10 Forest Vale Road

Forest Vale Industrial Estate

Cinderford

Gloucestershire

GL14 2PH

REGISTERED NUMBER:

02369108 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Intangible assets

4

358

443

Tangible assets

5

216,355

277,925

216,713

278,368

CURRENT ASSETS

Stocks

6

260,846

271,167

Debtors

7

705,137

1,145,810

Investments

8

2,628

2,628

Cash at bank and in hand

793,947

751,758

1,762,558

2,171,363

CREDITORS

Amounts falling due within one year

9

578,118

815,722

NET CURRENT ASSETS

1,184,440

1,355,641

TOTAL ASSETS LESS CURRENT LIABILITIES

1,401,153

1,634,009

CREDITORS

Amounts falling due after more than one year

10

(102,051

)

(113,199

)

PROVISIONS FOR LIABILITIES

11

(42,750

)

(56,999

)

NET ASSETS

1,256,352

1,463,811

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

1,256,252

1,463,711

SHAREHOLDERS' FUNDS

1,256,352

1,463,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 and authorised for issue by the Board of Directors and authorised for issue on 7th August 2025 and were signed on its behalf by:

L Meek - Director

1.	STATUTORY INFORMATION

House of Flavours 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

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 13 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1st April 2024

and 31st March 2025

1,200

AMORTISATION

At 1st April 2024

757

Amortisation for year

85

At 31st March 2025

842

NET BOOK VALUE

At 31st March 2025

358

At 31st March 2024

443

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

37,596

450,090

117,900

72,724

678,310

Additions

-

112

-

-

112

Disposals

-

(1,538

)

-

-

(1,538

)

At 31st March 2025

37,596

448,664

117,900

72,724

676,884

DEPRECIATION

At 1st April 2024

1,253

338,080

9,825

51,227

400,385

Charge for year

3,760

22,406

27,019

8,432

61,617

Eliminated on disposal

-

(1,473

)

-

-

(1,473

)

At 31st March 2025

5,013

359,013

36,844

59,659

460,529

NET BOOK VALUE

At 31st March 2025

32,583

89,651

81,056

13,065

216,355

At 31st March 2024

36,343

112,010

108,075

21,497

277,925

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

260,846

271,167

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

-

320,463

Sundry Debtors & Prepayments

705,137

825,347

705,137

1,145,810

8.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Unlisted investments

2,628

2,628

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

175,894

168,221

Tax

36,616

62,579

VAT

111,798

96,628

Sundry Creditors & Accruals

253,810

488,294

578,118

815,722

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

102,051

113,199

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

42,750

56,999

Deferred

tax

£

Balance at 1st April 2024

56,999

Credit to Income Statement during year

(14,249

)

Balance at 31st March 2025

42,750

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1st April 2024

1,463,711

Profit for the year

42,541

Dividends

(250,000

)

At 31st March 2025

1,256,252

14.	RELATED PARTY DISCLOSURES

There was £168,221 (2024 £168,221 ) due to Net International Ltd at the year end.

There was £NIL (2024 £320,463) Owing from House of Flavours (Holdings) Limited at the year end.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Twiss.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of House of Flavours Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of House of Flavours Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of House of Flavours Limited and state those matters that we have agreed to state to the Board of Directors of House of Flavours Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that House of Flavours Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of House of Flavours Limited. You consider that House of Flavours Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of House of Flavours Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 7th August 2025