ACCOUNTS - Final Accounts

Registered number: 14553022

WEGTER FAMILY OF BRANDS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

WEGTER FAMILY OF BRANDS LIMITED

REGISTERED NUMBER: 14553022

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		€		€


CURRENT ASSETS
Debtors: amounts falling due within one year	4	29,464		19,905
Cash at bank and in hand		16,410		1,392
		45,874		21,297
Creditors: amounts falling due within one year	5	(73,412)		(36,079)
NET CURRENT LIABILITIES			(27,538)		(14,782)
TOTAL ASSETS LESS CURRENT LIABILITIES			(27,538)		(14,782)
NET LIABILITIES			(27,538)		(14,782)

CAPITAL AND RESERVES
Called up share capital	6	114	114
Profit and loss account		(27,652)	(14,896)
		(27,538)	(14,782)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G Wegter

Director

Date: 29 September 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

WEGTER FAMILY OF BRANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	GENERAL INFORMATION

Wegter Family of Brands Limited (the 'Company') is a private company limited by shares and incorporated in England and Wales. Its registered office address is Salisbury House, Station Road, Cambridge, Cambridgeshire, CB1 2LA, United Kingdom. Its principal place of business is Deventerstraat 11, Oldenzaal, Overijssel, 7575 EM, The Netherlands.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

GOING CONCERN

The director has prepared the financial statements on a going concern basis which assumes that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of these financial statements.
The parent undertaking, RDFF B.V., has provided written confirmation that it will provide sufficient financial resources to the Company so that it can meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of these financial statements.
Given this group support, the director believes that the Company is adequately placed to manage its business risks successfully and that the Company will have adequate financial resources available to meet its liabilities as they fall due.

Page 2

WEGTER FAMILY OF BRANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is Euros. See note 7 for details on change in functional and presentational currency.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within administrative expenses. All other foreign exchange gains and losses are presented in profit or loss within administrative expenses.

2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

Page 3

WEGTER FAMILY OF BRANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

CREDITORS

Short-term creditors are measured at the transaction price.

2.8

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

EMPLOYEES

The Company has no employees other than the director, who did not receive any remuneration (period ended 31 December 2023 - NIL).

Page 4

WEGTER FAMILY OF BRANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2024	2023
					€	€


Trade debtors	24,471	19,905
Prepayments and accrued income	4,993	-
	29,464	19,905

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		€	€

Trade creditors	9,467	-
Amounts owed to group undertakings	41,251	20,988
Other taxation and social security	2,726	3,317
Accruals	19,968	11,774
	73,412	36,079

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

6.	SHARE CAPITAL
		2024	2023
		€	€

ALLOTTED, CALLED UP AND FULLY PAID

100 (2023 - 100) Ordinary shares of £1.00 each	114	114

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WEGTER FAMILY OF BRANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	CHANGE IN FUNCTIONAL AND PRESENTATIONAL CURRENCY

During the year ended 31 December 2024, the Company changed its functional and presentational currency from Sterling (£) to Euro (€).
This change was made in accordance with FRS 102 Section 30 Foreign Currency Translation, which requires an entity to determine its functional currency based on the primary economic environment in which it operates. Management has reassessed the indicators of the functional currency and concluded that the Euro is the appropriate functional currency for the following reasons:

∙The Company operates as a foreign operation of its Parent Company, whose functional currency is the Euro;

∙The Company purchases its inventory from the Parent Company in Euros; and

∙Although the Company sets its sales prices in Sterling, these prices are directly derived from the Euro cost base and would be revised in response to exchange rate fluctuations, indicating that the Euro is the underlying currency influencing pricing decisions and cash flows.

As a result, the Euro also became the Company’s presentational currency to align with its functional currency.
In accordance with FRS 102, the change in presentational currency has been applied retrospectively. The comparative figures for the period ended 31 December 2023 have been restated in Euros.

8.	CONTROLLING PARTY

The parent of the smallest group for which consolidated financial statements are drawn up is RDFF B.V. Its address is Deventerstraat 11, 7575 EM Oldenzaal, The Netherlands.

9.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 September 2025 by Thomas Hamilton (Senior Statutory Auditor) on behalf of PEM Audit Limited.

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