REGISTERED NUMBER: 07110875 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2025

for

HASS FOODS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Orcun Hassan

Mr Yunus Betmezoglu

Mr Mustafa Betmezoglu

REGISTERED OFFICE:

Foldfarm

Galley Lane

Barnet

Hertfordshire

EN5 4RA

REGISTERED NUMBER:

07110875 (England and Wales)

ACCOUNTANTS:

ADPL LLP

293 Green Lanes

London

N13 4XS

FIXED ASSETS

Tangible assets

4

243,571

278,049

CURRENT ASSETS

Stocks

53,480

60,116

Debtors

5

9,094

16,065

Cash in hand

32,583

53,264

95,157

129,445

CREDITORS

Amounts falling due within one year

6

191,565

218,805

NET CURRENT LIABILITIES

(96,408

)

(89,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

147,163

188,689

CREDITORS

Amounts falling due after more than one year

7

(47,478

)

(86,911

)

PROVISIONS FOR LIABILITIES

8

(41,135

)

(46,386

)

NET ASSETS

58,550

55,392

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

58,450

55,292

SHAREHOLDERS' FUNDS

58,550

55,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr Orcun Hassan - Director

1.	STATUTORY INFORMATION

Hass Foods 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.	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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

39,800

379,616

69,063

109,132

597,611

Additions

-

3,162

-

-

3,162

At 31 March 2025

39,800

382,778

69,063

109,132

600,773

DEPRECIATION

At 1 January 2024

27,860

202,402

36,759

52,541

319,562

Charge for period

3,980

22,547

4,038

7,075

37,640

At 31 March 2025

31,840

224,949

40,797

59,616

357,202

NET BOOK VALUE

At 31 March 2025

7,960

157,829

28,266

49,516

243,571

At 31 December 2023

11,940

177,214

32,304

56,591

278,049

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 March 2025

11,995

26,770

38,765

DEPRECIATION

At 1 January 2024

4,912

13,966

18,878

Charge for period

885

1,601

2,486

At 31 March 2025

5,797

15,567

21,364

NET BOOK VALUE

At 31 March 2025

6,198

11,203

17,401

At 31 December 2023

7,083

12,804

19,887

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

2,384

7,963

VAT

6,710

8,102

9,094

16,065

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans and overdrafts

45,877

45,508

Trade creditors

28,142

130,069

Tax

59

-

Social security and other taxes

503

402

Pension

202

164

Other creditors

1,815

1,815

Credit card account

2,082

3,058

Directors' current accounts

112,885

37,789

191,565

218,805

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans - 2-5 years

47,478

86,911

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.12.23

£

£

Deferred tax

41,135

46,386

Deferred

tax

£

Balance at 1 January 2024

46,386

Credit to Profit & Loss Account during period

(5,251

)

Balance at 31 March 2025

41,135