REGISTERED NUMBER: 13438891 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

FABLE FOOD UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Fox

J Fuller

SECRETARY:

C W J McCallum

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

13438891 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

439

1,006

CURRENT ASSETS

Stocks

745,794

409,121

Debtors

5

281,436

436,727

Cash at bank

317,399

189,337

1,344,629

1,035,185

CREDITORS

Amounts falling due within one year

6

2,271,827

1,850,922

NET CURRENT LIABILITIES

(927,198

)

(815,737

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(926,759

)

(814,731

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(926,760

)

(814,732

)

(926,759

)

(814,731

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 21 October 2025 and were signed on its behalf by:

M Fox - Director

1.	STATUTORY INFORMATION

Fable Food 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.

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 company is reliant on its parent company for ongoing financial support. Fable Holdings Pty Ltd will provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for at least 12 months and 1 day from the signing of the financial statements. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods is recognised when control of the goods has transferred to the customer, usually on delivery or shipment depending on the contractual terms. Where a right of return, rebate or discount exists, revenue is recognised net of any estimated allowances.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. 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.

Computer equipment: 3 years straight line.

Stocks

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

Cost is calculated using the average cost method and includes all purchase, transport, storage and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS 102.

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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Share-based payments

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is determined by the Board on such a basis as it deems appropriate and applied consistently with respect to all options.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in the intercompany loan over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

and 30 June 2025

1,873

DEPRECIATION

At 1 July 2024

867

Charge for year

567

At 30 June 2025

1,434

NET BOOK VALUE

At 30 June 2025

439

At 30 June 2024

1,006

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

170,552

184,348

Amounts owed by group undertakings

38,929

38,929

Other debtors

71,955

213,450

281,436

436,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

-

2,559

Trade creditors

41,017

26,626

Amounts owed to group undertakings

2,204,608

1,811,653

Taxation and social security

2,945

2,471

Other creditors & accruals

23,257

7,613

2,271,827

1,850,922

7.	SHARE-BASED PAYMENT TRANSACTIONS

At the period end the company has equity-settled share based payment options with its employees. The equity offered is that of the ultimate parent company Fable Holdings Pty Ltd.

The options vest on the vesting dates which are described in the share option scheme deed.

During the period 334 options with an exercise price of AUD$164.43 were granted to employees of the UK entity for shares in the parent company.

During the period no options were exercised or cancelled. During the period no options were forfeited (2024: 5,609 options were forfeited).

At the end of the period, 3,512 (2024:4,218) options were outstanding with a weighted average exercise price of AUD$86.62 (2024: AUD$70.27).

During the period, the charge for the year relating to options is £15,240 (2024: £126,045). The expense was recognised with a corresponding credit to the intercompany loan with Fable Holdings Pty Ltd.