Hortifrut Marketing U.K. Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Hortifrut Marketing U.K. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10714917 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial ReportingThese financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland' ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies' subject to the small companies' regime. The disclosure requirements of section IA of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost conventions. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from commercialisation services is recognised as transactional net margin method, any business support costs have been uplifted by 40% in additional to the original cost incurred.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are computer software's It is amortized to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.

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Hortifrut Marketing U.K. Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of finandial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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 and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. 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.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items, that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current is also recognised in other comprehensive income or directly in equity respectively,

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

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Hortifrut Marketing U.K. Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	49,303
Transfers	1,139

As at 31 December 2024	50,442

Amortisation
As at 1 January 2024	49,064
Provided during the period	648

As at 31 December 2024	49,712

Net Book Value
As at 31 December 2024	730

As at 1 January 2024	239

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	13,377
Transfers	(1,139 )

As at 31 December 2024	12,238

Depreciation
As at 1 January 2024	9,947
Provided during the period	1,574

As at 31 December 2024	11,521

Net Book Value
As at 31 December 2024	717

As at 1 January 2024	3,430

6. Stocks

	2024	2023
	£	£
Finished goods	1,819	47,697

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	476,646	532,493
Amounts owed by group undertakings	1,663,369	751,683
Other debtors	329,936	29,964

	2,469,951	1,314,140

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Hortifrut Marketing U.K. Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	85,696	155,126
Amounts owed to group undertakings	1,007,885	537,910
Other creditors	153,081	138,003
Taxation and social security	157,263	168,969

	1,403,925	1,000,008

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Ultimate Controlling Party

The immediate parent undertaking is Hortifrut Marketing EMEA, (previously named Euroberry Marketing SA) in which this company is consolidated into and its registered address is HORTIFRUT MARKETING EMEA, S.A. Avda. San Francisco Javier, n° 22, plants baja, 41018 Sevilla, Espana

11. Audit Information

The auditor's report on the accounts of Hortifrut Marketing U.K. Ltd for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Sally Meah FCCA (Senior Statutory Auditor) for and on behalf of TC Group , Statutory Auditor.

TC Group

Star House

Star Hill

Rochester

Kent

ME1 1UX

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		730		239
Tangible Assets	5		717		3,430

			1,447		3,669
CURRENT ASSETS
Stocks	6	1,819		47,697
Debtors	7	2,469,951		1,314,140
Cash at bank and in hand		388,184		687,109

		2,859,954		2,048,946
Creditors: Amounts Falling Due Within One Year	8	(1,403,925 )		(1,000,008 )

NET CURRENT ASSETS (LIABILITIES)			1,456,029		1,048,938

TOTAL ASSETS LESS CURRENT LIABILITIES			1,457,476		1,052,607

NET ASSETS			1,457,476		1,052,607

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			1,457,475		1,052,606

SHAREHOLDERS' FUNDS			1,457,476		1,052,607