Company No: 10098371 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		31.12.2023
		£		£
Fixed assets
Intangible assets	3	5,510		68,562
Tangible assets	4	3,638		5,054
Investments	5	1		1
		9,149		73,617
Current assets
Stocks		144,688		137,785
Debtors	6	222,186		381,294
Cash at bank and in hand		555		203,538
		367,429		722,617
Creditors: amounts falling due within one year	7	( 336,454)		( 407,860)
Net current assets		30,975		314,757
Total assets less current liabilities		40,124		388,374
Creditors: amounts falling due after more than one year	8	( 4,167)		( 14,167)
Net assets		35,957		374,207
Capital and reserves
Called-up share capital	9	7		7
Share premium account		1,822,610		1,591,277
Profit and loss account		( 1,786,660 )		( 1,217,077 )
Total shareholders' funds		35,957		374,207

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Solo Coffee Limited (registered number: 10098371) were approved and authorised for issue by the Board of Directors on 09 September 2025. They were signed on its behalf by:

A Foss Sims Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Solo Coffee Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4.07, The Tea Building Shoreditch Works, 56 Shoreditch High St, London, E1 6JJ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

Reporting period length in the comparative period is only that of 8 months as opposed to the current period of 12 months. The results therefore may not be comparable.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in other operating (loss)/income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised upon sale to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as other creditors in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Other intangible assets

1 - 5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost , net of depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, loans to fellow group companies and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	Year ended 31.12.2024		Period from 01.05.2023 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors not on the payroll	5		3

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	72,458		72,458
At 31 December 2024	72,458		72,458
Accumulated amortisation
At 01 January 2024	3,896		3,896
Charge for the financial year	63,052		63,052
At 31 December 2024	66,948		66,948
Net book value
At 31 December 2024	5,510		5,510
At 31 December 2023	68,562		68,562

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	7,495		7,495
At 31 December 2024	7,495		7,495
Accumulated depreciation
At 01 January 2024	2,441		2,441
Charge for the financial year	1,416		1,416
At 31 December 2024	3,857		3,857
Net book value
At 31 December 2024	3,638		3,638
At 31 December 2023	5,054		5,054

5. Fixed asset investments

Investments in subsidiaries

	31.12.2024
	£
Cost
At 01 January 2024	1
At 31 December 2024	1
Carrying value at 31 December 2024	1
Carrying value at 31 December 2023	1

6. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	14,047		94,136
Amounts owed by Group undertakings	185,693		0
Deferred tax asset	0		250,480
Other debtors	22,446		36,678
	222,186		381,294

7. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Bank loans and overdrafts	28,503		10,000
Trade creditors	265,995		344,373
Amounts owed to Group undertakings	0		1
Taxation and social security	12,012		14,588
Other creditors	29,944		38,898
	336,454		407,860

There are no amounts included above in respect of which any security has been given by the small entity.

8. Creditors: amounts falling due after more than one year

	31.12.2024		31.12.2023
	£		£
Bank loans	4,167		14,167

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	31.12.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
725,192 Ordinary shares of £ 0.00001 each (31.12.2023: 687,800 shares of £ 0.00001 each)	7		7

10. Related party transactions

Transactions with the entity's directors

	31.12.2024		31.12.2023
	£		£
A Foss Sims	6,367		10,269
T Garcia-Minaur	5,511		3,672

In the year advances of £9 (2023: £Nil) were made to A Foss Sims. A total of £3,987 (2023: £216) was repaid in the year , with the outstanding balance being due to the company at the year end. Interest of £76 (2023:£Nil) has been incurred at 2.25% during the year and the balance is repayable on demand.

In the year advances of £2,500 (2023: £Nil) were made to T Garcia-Minaur. A total of £661 (2023: £333) was repaid in the year , with the outstanding balance being due to the company at the year end.