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REGISTERED NUMBER: 11852052 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Yihai (Uk) Food Ltd

Yihai (Uk) Food Ltd (Registered number: 11852052)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Yihai (Uk) Food Ltd

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | Q Guo

| REGISTERED OFFICE: | 10-11 Austin Friars

| London

| EC2N 2HG

| REGISTERED NUMBER: | 11852052 (England and Wales)

| AUDITORS: | Cartwrights

| Chartered Accountants and Business Advisors

| Statutory Auditor

| Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

Yihai (Uk) Food Ltd (Registered number: 11852052)

Balance Sheet

31 December 2024

| 31/12/24 | 31/12/23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 104,656 |  | 153,765 |  |

CURRENT ASSETS

Stocks | 360,773 |  | 342,516 |  |

Debtors | 6 | 114,052 |  | 229,661 |  |

Cash at bank | 2,731,436 |  | 2,366,535 |  |

3,206,261 |  | 2,938,712 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,083,944 |  | 1,240,606 |  |

NET CURRENT ASSETS | 2,122,317 |  | 1,698,106 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,226,973 |  | 1,851,871 |  |

PROVISIONS FOR LIABILITIES | 26,164 |  | 38,442 |  |

NET ASSETS | 2,200,809 |  | 1,813,429 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,000,000 |  | 1,000,000 |  |

Retained earnings | 1,200,809 |  | 813,429 |  |

SHAREHOLDERS' FUNDS | 2,200,809 |  | 1,813,429 |  |

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 director and authorised for issue on 14 October 2025 and were signed by:

Q Guo - Director

Yihai (Uk) Food Ltd (Registered number: 11852052)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Yihai (Uk) Food Ltd 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.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| 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.

| 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.

| Plant and machinery etc - 20% on cost and 10% on cost

| A 5% residual value is used to reflect the assumption that, at the end of their useful life, they still retain some value either for resale, scrap, or continued minimal use.

| Stocks

| 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

| 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.

Yihai (Uk) Food Ltd (Registered number: 11852052)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 333,460 |  |

| Disposals | (1,215 | ) |

| At 31 December 2024 | 332,245 |  |

| DEPRECIATION

| At 1 January 2024 | 179,695 |  |

| Charge for year | 49,048 |  |

| Eliminated on disposal | (1,154 | ) |

| At 31 December 2024 | 227,589 |  |

| NET BOOK VALUE

| At 31 December 2024 | 104,656 |  |

| At 31 December 2023 | 153,765 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Trade debtors | 65,052 |  | 148,676 |  |

| Amounts owed by group undertakings | - |  | 52,165 |  |

| Other debtors | 49,000 |  | 28,820 |  |

114,052 |  | 229,661 |  |

| Included in trade debtors are £45,358 (2023: £71,355) owed from UK HAIDILAO PTE. LTD., a company under common control. Sales of £838,940 (2023: £310,256) were made to this company in the year.

| Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment, and are repayable on demand.

Yihai (Uk) Food Ltd (Registered number: 11852052)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Payments on account | - |  | 7,240 |  |

| Trade creditors | 4,210 |  | 164,587 |  |

| Amounts owed to group undertakings | 455,483 |  | 219,160 |  |

| Taxation and social security | 296,613 |  | 171,024 |  |

| Other creditors | 327,638 |  | 678,595 |  |

1,083,944 |  | 1,240,606 |  |

8. | FINANCIAL INSTRUMENTS

| Financial assets

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

| They are then subsequently carried at amortised cost using the effective interest rate method.

| At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

| Financial assets are derecognised when:

| - the contractual right to cash flows from the asset are settled or expire,

| - substantially all the risk and rewards of the ownership of the asset are transferred to another party or

| - despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

| Financial liabilities

| Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

| They are then subsequently carried at amortised cost using the effective interest rate method.

| Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/12/24 |  | 31/12/23

| value: | £ | £ |

| 1,000,000 | Ordinary | £1 | 1,000,000 |  | 1,000,000 |  |

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

| The Report of the Auditors was unqualified.

| Matthew Brown (Senior Statutory Auditor)

| for and on behalf of Cartwrights

11. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Yihai (Uk) Food Ltd (Registered number: 11852052)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

12. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is Yihai (Singapore) Food PTE Ltd. The smallest undertaking for which the company is a member and for which group financial statements are prepared by the intermediate parent company Yihai International Holding Ltd, incorporated in the Cayman Islands, which produces consolidated financial statements available for public use. The registered office of Yihai International Holding Ltd., where those consolidated financial statements can be obtained, is as follows: Grand Pavilion, Hibiscus Way, 802 West Bay Road, P.O. Box 31119, KY1-1205, Cayman Islands. The ultimate parent company is ZYSP Yihai Ltd, incorporated in the Cayman Islands.

| The ultimate controlling party is Mr. Yong Zhang.