Vriesekoop UK Limited Company accounts

COMPANY REGISTRATION NUMBER: 15218652

Vriesekoop UK Limited

Financial Statements

31 December 2024

Vriesekoop UK Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	3

Independent auditor's report to the members	5

Statement of comprehensive income	10

Statement of financial position	11

Statement of changes in equity	12

Statement of cash flows	13

Notes to the financial statements	14

Vriesekoop UK Limited

Officers and Professional Advisers

The board of directors	W Clazing
	Holding Maatschappij Clazing B.V.

Registered office	146 New London Road
	Chelmsford
	Essex
	CM2 0AW

Auditor	Edmund Carr LLP
	Chartered Accountants & Statutory Auditor
	146 New London Road
	Chelmsford
	Essex
	CM2 0AW

Vriesekoop UK Limited

Strategic Report

Year ended 31 December 2024

The director of Vriesekoop UK Limited presents his strategic report for the year ended 31 December 2024. Principal activities and business review Vriesekoop UK Limited is a part of the Holding Maatschappij Clazing group based in the Netherlands. Pluimvee Uitsnijderij Clazing Rosmalen B.V. is a related party in the Netherlands, who's core business is the supply of poultry. Pluimvee Uitsnijderij Clazing Rosmalen B.V. is where Vriesekoop UK Limited sources its poultry from. Pluimvee Uitsnijderij Clazing Rosmalen B.V. has concentrated on the British market. Today we are one of Netherlands' largest exporters of chicken breast fillets to the United Kingdom and Ireland, but we also deliver to retail, food service, catering and cash&carry companies throughout Europe. Our production has gradually increased as well. Every week we export 1000 tonnes of self-produced fresh and frozen fillets. We moreover offer an extensive range of complementary products. Assessment of potential risks and uncertainties The company operates in a competitive market, with pricing and supply availability being key competitive factors. We mitigate this risk by maintaining a heavy focus on quality. All risks are continuously reviewed by the board and appropriate processes are put in place to monitor and mitigate them as required. Strategy Moving forward, we wish to further consolidate our position as market leader through our effort, innovation, new machines and different products. But also by maintaining our steadfast commitment to quality.

This report was approved by the board of directors on 25 September 2025 and signed on behalf of the board by:

W Clazing

Director

Registered office:

146 New London Road

Chelmsford

Essex

CM2 0AW

Vriesekoop UK Limited

Directors' Report

Year ended 31 December 2024

The directors present their report and the financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

W Clazing
Holding Maatschappij Clazing B.V.

Dividends

The directors do not recommend the payment of a dividend.

Future developments

The company intends to continue to work closely with United Kingdom retailers to maximise potential in uncertain market conditions. The company plans to continue targeting new business opportunities and to maintain a tight control on its cost base.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 25 September 2025 and signed on behalf of the board by:

W Clazing

Director

Registered office:

146 New London Road

Chelmsford

Essex

CM2 0AW

Vriesekoop UK Limited

Independent Auditor's Report to the Members of Vriesekoop UK Limited

Year ended 31 December 2024

Opinion

We have audited the financial statements of Vriesekoop UK Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows; - The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. - We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations for the company, including the Companies Act 2006, tax legislation and data protection, anti-bribery, employment, environmental and health and safety legislation. We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management. - Identified laws and regulations were communicated with the audit team regularly and the team remained alert of instances of non-compliance throughout the audit. - We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by; - Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - Considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations To address the risk of fraud through management bias and override of controls, we; - Performed analytical procedures to identify any unusual or unexpected relationships - Tested journal entries to identify unusual transactions - Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias. - Investigated the rationale behind significant or unusual transactions In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - Agreeing financial statement disclosures to underlying supporting documentation - Enquiring of management as to actual and potential litigation and claims Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

S Drain

(Senior Statutory Auditor)

For and on behalf of

Edmund Carr LLP

Chartered Accountants & Statutory Auditor

146 New London Road

Chelmsford

Essex

CM2 0AW

26 September 2025

Vriesekoop UK Limited

Statement of Comprehensive Income

Year ended 31 December 2024

		2024	2023
Note		€	€
Turnover	5	70,245,812	–

Cost of sales	70,216,928	–
	-------------	----
Gross profit	28,884	–

Administrative expenses		13,108	–
		--------	----
Operating profit	6	15,776	–

	--------	----
Profit before taxation	15,776	–

Tax on profit	7	3,944	–
		--------	----
Profit for the financial year and total comprehensive income		11,832	–
		--------	----

All the activities of the company are from continuing operations.

Vriesekoop UK Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	€	€	€	€

Current assets

Stocks	8	301,860	–
Debtors	9	9,153,916	–
Cash at bank and in hand		5,331	115
		------------	----
		9,461,107	115

Creditors: amounts falling due within one year	10	9,449,160		–
		------------		----
Net current assets			11,947		115
			--------		----
Total assets less current liabilities			11,947		115
			--------		----
Net assets			11,947		115
			--------		----

Capital and reserves

Called up share capital	11	115	115
Profit and loss account		11,832	–
		--------	----
Shareholders funds		11,947	115
		--------	----

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

W Clazing

Director

Company registration number: 15218652

Vriesekoop UK Limited

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	€	€	€
At 1 January 2023	–	–	–

Profit for the year		–	–

Issue of shares	115	–	115
	----	----	----
Total investments by and distributions to owners	115	–	115

At 31 December 2023	115	–	115

Profit for the year		11,832	11,832
	----	--------	--------
Total comprehensive income for the year	–	11,832	11,832

	----	--------	--------
At 31 December 2024	115	11,832	11,947
	----	--------	--------

Vriesekoop UK Limited

Statement of Cash Flows

Year ended 31 December 2024

	2024	2023
	€	€

Cash flows from operating activities

Profit for the financial year	11,832	–

Adjustments for:
Tax on profit	3,944	–
Accrued expenses	7,471	–

Changes in:
Stocks	( 301,860)	–
Trade and other debtors	( 9,153,916)	–
Trade and other creditors	369,682	–
	------------	----
Cash generated from operations	( 9,062,847)	–
	------------	----
Net cash used in operating activities	( 9,062,847)	–
	------------	----

Cash flows from financing activities

Proceeds from issue of ordinary shares	–	115
Proceeds from loans from group undertakings	9,068,063	–
	------------	----
Net cash from financing activities	9,068,063	115
	------------	----

Net increase in cash and cash equivalents	5,216	115
Cash and cash equivalents at beginning of year	115	–
	-------	----
Cash and cash equivalents at end of year	5,331	115
	-------	----

Vriesekoop UK Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in euros, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on delivery of the goods. Discounts are accounted for on a claimed and paid basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Average number of employees

During the year the average number of employees was 1 (2023: Nil) which consisted of the director only.

5. Turnover

Turnover arises from:

	2024	2023
	€	€
Sale of goods	70,245,812	–
	-------------	----

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

6. Operating profit

Operating profit or loss is stated after charging:

	2024	2023
	€	€
Foreign exchange differences	5,637	–
	-------	----

7. Tax on profit

Major components of tax expense

	2024	2023
	€	€

Current tax:

UK current tax expense	3,944	–
	-------	----
Tax on profit	3,944	–
	-------	----

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as (2023: the same as) the standard rate of corporation tax in the UK of 25 % (2023: -%).

	2024	2023
	€	€
Profit on ordinary activities before taxation	15,776	–
	--------	----
Profit on ordinary activities by rate of tax	3,944	–
	--------	----

8. Stocks

	2024	2023
	€	€
Raw materials and consumables	301,860	–
	---------	----

9. Debtors

	2024	2023
	€	€
Trade debtors	8,932,226	–
Amounts owed by group undertakings	205,000	–
Other debtors	16,690	–
	------------	----
	9,153,916	–
	------------	----

10. Creditors: amounts falling due within one year

	2024	2023
	€	€
Trade creditors	9,934	–
Amounts owed to group undertakings	9,068,063	–
Accruals and deferred income	7,471	–
Corporation tax	3,944	–
Other creditors	359,748	–
	------------	----
	9,449,160	–
	------------	----

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	€	No.	€
Ordinary shares of € 1 each	115	115	115	115
	----	----	----	----

12. Analysis of changes in net debt

	At 1 Jan 2024	Cash flows	At 31 Dec 2024
	€	€	€
Cash at bank and in hand	115	5,216	5,331
Debt due within one year	–	(359,748)	(359,748)
	----	---------	---------
	115	( 354,532)	( 354,417)
	----	---------	---------

Vriesekoop UK Limited

Notes to the Financial Statements (continued)

Year ended 31 December 2024

13. Charges on assets

During the previous year there was a charge with the code 15218652 0001 registered on 30 October 2023. This charge included a fixed and floating charge over the assets of the company.

14. Related party transactions

The company was under the control of W Clazing , who is a director and 100% shareholder of the companies parent company, Pluimvee Uitsnijderij Clazing Rosmalen B.V. At the year end the company owed Pluimvee Uitsnijderij Clazing Rosmalen B.V. EUR 9,068,063 (2023: EUR Nil) and was owed EUR 205,000 (2023: EUR Nil). During the year the company purchased goods from Pluimvee Uitsnijderij Clazing Rosmalen B.V. amounting to EUR 58,321,890 (2023: EUR Nil).

15. Controlling party

The controlling party is considered to be Holding Maatschappij Clazing B.V. , a private company registered in the Netherlands, who owns 100% of the issued share capital. The principal address being Bierhoogtweg 17, 2761 JH, Zevenhuizen, Netherlands. The ultimate controlling party is considered to be W Clazing.