Daloon Foods (U.K.) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01659909

Daloon Foods (U.K.) Limited

Filleted Financial Statements

For the year ended

31 December 2024

Daloon Foods (U.K.) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Stocks		862,107	1,306,071
Debtors	6	2,211,780	2,706,620
Cash at bank and in hand		763,850	208,161
		------------	------------
		3,837,737	4,220,852

Creditors: amounts falling due within one year	7	1,073,169	971,967
		------------	------------
Net current assets		2,764,568	3,248,885
		------------	------------
Total assets less current liabilities		2,764,568	3,248,885

Creditors: amounts falling due after more than one year	8	15,631	1,195,498
		------------	------------
Net assets		2,748,937	2,053,387
		------------	------------

Capital and reserves

Called up share capital	2,121,000	2,121,000
Profit and loss account	627,937	( 67,613)
	------------	------------
Shareholders funds	2,748,937	2,053,387
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 13 December 2025 , and are signed on behalf of the board by:

K Steendijk

Director

Company registration number: 01659909

Daloon Foods (U.K.) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Carlton House, Gwash Way, Stamford, PE9 1XP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.

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/other subsidiaries within the group.

Going concern

The company has a made a profit during the year and the balance sheet has net assets as at the reporting date. Financial support is provided by the parent company, who have indicated that they will continue to support the company for the foreseeable future. The directors, for these reasons, continue to adopt the going concern basis in preparing the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: 1 Depreciation charge The annual depreciation charge for each class of tangible fixed asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors. 2 Amortisation charge The annual amortisation charge for each class of intangible fixed asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors. 3 Bad debt provision The directors perform an annual review of the trade debtors and provides a bad debt provision based on the ageing of closing trade debtors balances at the balance sheet date. 4 Stock provision The directors perform a regular review of the inventory items held and provide a provision for all items which have either expired or are due to expire as these items are no longer sellable. 5 Deferred tax Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Revenue recognition

Turnover represents the amounts (excluding value added tax) derived from the sale of frozen foods to the retail and food services sectors in the United Kingdom and Europe, net of discounts and customer rebates.

Exceptional items

Exceptional items are disclosed separately in the financial statements in the prior year in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Depreciation

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

	Freehold property	-	straight line over 25 years

Stocks

Stocks are measured at cost in accordance with the FIFO method, being at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods includes the cost of raw materials, packaging, direct cost of labour and production overheads.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the group and company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Guarantees and securities

As at 31 December 2024 the company has issued a HMRC VAT guarantee of £40,000 (2023 - £40,000).

6. Debtors

	2024	2023
	£	£
Trade debtors	1,217,487	1,400,854
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	19,004
Other debtors	994,293	1,286,762
	------------	------------
	2,211,780	2,706,620
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	56,685	38,071
Amounts owed to group undertakings and undertakings in which the company has a participating interest	328,125	540,926
Other creditors	688,359	392,970
	------------	---------
	1,073,169	971,967
	------------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	15,631	1,195,498
	--------	------------

9. Summary audit opinion

The auditor's report dated 15 December 2025 was unqualified .

The senior statutory auditor was Heather McConnell , for and on behalf of Streets Audit LLP .

10. Related party transactions

At the end of the year a balance of £343,756 (2023 - £1,717,420) was owed by another company that forms part of the same group of companies as Daloon Foods (U.K.) Limited . Total expenses incurred in relation to related parties throughout the year amounted to £5,532,748 (2023 - £6,317,644)

11. Controlling party

The only ultimate controlling interest holding more than 25% of the company's shares and votes is a registered investment scheme at The Netherlands Authority for Financial Markets, Egeria Private Equity Fund IV GP B.V., which is managed by Egeria Capital Management B.V. (registered number 19001510). GoodLife Foods B.V. (incorporated in the Netherlands) is the largest and the smallest group to consolidate these financial statements and copies can be obtained from: GoodLife Foods B.V. Minervum 7035 Breda, 4817ZL Netherlands