These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

Porkka (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Mare Lane Farm Business Park, Howe Lane, Binfield, Berkshire, RG42 5BF.

These 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 1A 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 convention. The principal accounting policies adopted are set out below.

There is a material uncertainty around going concern in the audit report. The director is taking active steps to secure the going concern status of the company, however as at the date of the signing of the financial statements, these measures had not yet been finalised. The director is confident that these measures will secure the long term future of the company once they take place, and thus continues to adopt the going concern basis of accounting in preparing the financial statements.

As these measures have yet to take place by the date of the signing of the accounts, the director considers that there is a material uncertainty around the going concern status.

The turnover shown in the Statement of Income and Retained Earnings represents the sale of cold rooms and associated accessories supplied during the year, exclusive of Value Added Tax.

Tangible fixed assets are initially measured at cost, and subsequently stated at cost less any accumulated depreciation and iimpairment losses. All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost or valuation of an asset, less it's residual value, over the useful economic life of that asset as follows:

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 entity after deducting all of its financial liabilities.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised a reduction to expense over the lease term, on a straight-line basis.

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Government grants

Government grants are recognised at the fair value of the amounts received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

The average monthly number of persons (including directors) employed by the company during the year was:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

The company has taken advantage of the exemptions conferred by Section 33 of Financial Reporting Standard 102 from the requirement to make disclosures concerning transactions with other group companies.

The ultimate parent company is Festivo Finland Oy, a company incorporated in Finland. The financial statements of the parent company are available from Ravitie 3, 15860 Hollola, Finland.