REGISTERED NUMBER: 09587743 (England and Wales)

EBROFROST UK LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

S Keck

R Lopez-relimpio

P A Solis

N G Goodsell

SECRETARY:

N G Goodsell

REGISTERED OFFICE:

Hobbs Lane

Beckley

Rye

East Sussex

TN31 6TS

REGISTERED NUMBER:

09587743 (England and Wales)

AUDITORS:

GMP Audit Limited, Statutory Auditor

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

3,497,551

2,133,325

CURRENT ASSETS

Stocks

5

387,578

355,823

Debtors

6

1,269,906

1,691,257

Cash at bank

94,029

139,589

1,751,513

2,186,669

CREDITORS

Amounts falling due within one year

7

1,874,167

1,758,709

NET CURRENT (LIABILITIES)/ASSETS

(122,654

)

427,960

TOTAL ASSETS LESS CURRENT LIABILITIES

3,374,897

2,561,285

CREDITORS

Amounts falling due after more than one year

8

1,229

-

NET ASSETS

3,373,668

2,561,285

CAPITAL AND RESERVES

Called up share capital

10

4,787,796

4,787,796

Retained earnings

(1,414,128

)

(2,226,511

)

SHAREHOLDERS' FUNDS

3,373,668

2,561,285

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 by the Board of Directors and authorised for issue on 23rd September 2025 and were signed on its behalf by:

N G Goodsell - Director

1.	STATUTORY INFORMATION

Ebrofrost 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 Pound Sterling (£).

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.

The balance sheet, although showing a solvent position, has net current liabilities due to amounts owed to group companies.

The directors are of the opinion that the company in the short term will be able to meet its liabilities but, should it be required the company will continue to be financially supported by its parent company Ebrofrost Holding GmbH.

The directors therefore believe it is appropriate to prepare these financial statements on a going concern basis.

Turnover

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replacement part is derecognised. Repairs and maintenance are charged to the profit or loss during the period in which they are incurred.

No depreciation is provided on assets in the course of construction until the asset is brought into use.

Freehold property is depreciated over its useful economic life, to the extent the net book value is in excess of ts residual value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost comprises direct production costs plus a proportion of overheads allocated to the stock on the basis of the normal level of activity.

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.

Foreign currencies

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

543,667

3,526,476

32,197

32,133

4,134,473

Additions

-

1,882,920

-

1,620

1,884,540

Disposals

-

(15,000

)

-

-

(15,000

)

At 31st December 2024

543,667

5,394,396

32,197

33,753

6,004,013

DEPRECIATION

At 1st January 2024

-

1,944,139

31,004

26,005

2,001,148

Charge for year

-

502,128

926

2,260

505,314

At 31st December 2024

-

2,446,267

31,930

28,265

2,506,462

NET BOOK VALUE

At 31st December 2024

543,667

2,948,129

267

5,488

3,497,551

At 31st December 2023

543,667

1,582,337

1,193

6,128

2,133,325

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st January 2024

and 31st December 2024

7,000

DEPRECIATION

At 1st January 2024

2,158

Charge for year

700

At 31st December 2024

2,858

NET BOOK VALUE

At 31st December 2024

4,142

At 31st December 2023

4,842

5.

STOCKS

2024

2023

£

£

Finished goods

349,477

293,632

Raw materials

38,101

62,191

387,578

355,823

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,208,472

1,077,692

Amounts owed by group undertakings

12,192

-

Other debtors

1,828

1,828

VAT

32,414

25,289

Prepayments and accrued income

15,000

586,448

1,269,906

1,691,257

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

1,273

3,703

Trade creditors

113,707

101,853

Amounts owed to group undertakings

1,640,895

1,525,569

Taxation and social security

24,283

33,100

Other creditors

94,009

94,484

1,874,167

1,758,709

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

1,229

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

1,273

3,703

Between one and five years

1,229

-

2,502

3,703

Non-cancellable

operating leases

2024

2023

£

£

Within one year

10,261

11,508

Between one and five years

21,052

26,774

31,313

38,282

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

4,787,796

Ordinary

£1

4,787,796

4,787,796

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

The Report of the Auditors was unqualified.

Richard Appleyard FCA (Senior Statutory Auditor)

for and on behalf of GMP Audit Limited, Statutory Auditor

12.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

-

1,238,034

13.	RELATED PARTY DISCLOSURES

As a wholly owned subsidiary of Ebro Foods S.A. the company is exempt from the requirements to disclose transactions to other wholly owned members of the group headed by Ebro Foods S.A.

Herba Foods S.L:

Herba Foods S.L provides a cash pooling arrangement with the company, at the year end the company owed Herba Foods S.L. £1,404,694 (2023 - £1,304,397). The arrangement was granted for an unlimited period of time and may be terminated on demand. Interest was being charged at 2% per annum but has since increased as global interest rates have risen and was 6.338% at the year-end.

14.	ULTIMATE CONTROLLING PARTY

The company is controlled by Ebrofrost Holding GmbH, a company incorporated in Germany, which holds 100% of the issued share capital of Ebrofrost UK Limited.

The ultimate parent company and controlling party is Ebro Foods S.A., a company incorporated in Spain.

The financial statements of Ebro Foods S.A. which represent the smallest and largest group in which the company is consolidated, are available from Ebro Foods S.A., Paseo de Castellana, 20, 28046, Madrid, Spain.