REGISTERED NUMBER: SC459605 (Scotland)

Rema Inc UK Ltd

Financial Statements For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Feuerstein

Mrs L Feuerstein Maier

REGISTERED OFFICE:

4 North Guildry Street

Elgin

Moray

IV30 1JR

REGISTERED NUMBER:

SC459605 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

J.P. Morgan

25 Bank Street

Canary Wharf

London

E14 5JP

CURRENT ASSETS

Debtors

4

118,758

115,577

Cash at bank

121,814

134,723

240,572

250,300

CREDITORS

Amounts falling due within one year

5

11,024

18,260

NET CURRENT ASSETS

229,548

232,040

TOTAL ASSETS LESS CURRENT LIABILITIES

229,548

232,040

CAPITAL AND RESERVES

Called up share capital

6

160

160

Retained earnings

7

229,388

231,880

SHAREHOLDERS' FUNDS

229,548

232,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 6 October 2025 and were signed on its behalf by:

Mr R Feuerstein - Director

1.	STATUTORY INFORMATION

Rema Inc UK Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade debtors

-

38,959

Other debtors

118,758

76,618

118,758

115,577

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade creditors

-

4,929

Taxation and social security

9,715

9,394

Other creditors

1,309

3,937

11,024

18,260

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

$

$

100

Ordinary

1.6

160

160

7.

RESERVES

Retained

earnings

$

At 1 January 2024

231,880

Deficit for the year

(2,492

)

At 31 December 2024

229,388

8.	RELATED PARTY DISCLOSURES

Remuneration of key management personnel

At 31 December 2023 Rema Foods Inc, its parent company owed the company $76,297. During the year the company met expenses on behalf of the parent company totalling $37,190. At 31 December 2024 the parent company owed the company $113,487. This loan is interest free and has no fixed repayment terms.

The company is ultimately controlled and wholly owned by Rema Foods Inc., a company incorporated in the United States of America. The registered office of the parent company is 140 Sylvan Avenue, Englewood Cliffs, New Jersey 07632, USA.