REGISTERED NUMBER: 07223772 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 May 2025

for

Kuckoo Brands Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R A Powell

Mr R De Araujo

Mrs J Osborn

REGISTERED OFFICE:

16 - 17 Fox Street

Preston

Lancashire

PR1 2AB

REGISTERED NUMBER:

07223772 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

72,415

237

Investments

6

203,990

203,990

276,405

204,227

CURRENT ASSETS

Debtors

7

681,363

364,556

Cash at bank and in hand

918

1,235

682,281

365,791

CREDITORS

Amounts falling due within one year

8

277,112

222,037

NET CURRENT ASSETS

405,169

143,754

TOTAL ASSETS LESS CURRENT LIABILITIES

681,574

347,981

CREDITORS

Amounts falling due after more than one year

9

(671,803

)

(415,168

)

PROVISIONS FOR LIABILITIES

(488

)

-

NET ASSETS/(LIABILITIES)

9,283

(67,187

)

CAPITAL AND RESERVES

Called up share capital

104

104

Capital redemption reserve

3

3

CVA Reserve

21,489

-

Retained earnings

(12,313

)

(67,294

)

SHAREHOLDERS' FUNDS

9,283

(67,187

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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 22 December 2025 and were signed on its behalf by:

Mr R A Powell - Director

1.	STATUTORY INFORMATION

Kuckoo Brands 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.

Going concern

The financial statements have been prepared on a going concern basis.

During the year the Company experienced financial difficulties arising from reduced trading within the group. As a result, on 17 April 2025 the Company entered into a Company Voluntary Arrangement ("CVA"), which was approved by the required majority of creditors.

Under the terms of the CVA, certain unsecured creditor balances have been compromised and are being settled in accordance with an agreed payment schedule. The directors have prepared cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements, which indicate that the Company is able to meet its obligations as they fall due, including the payments required under the CVA.

After making appropriate enquiries and considering the successful implementation of the CVA, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Kuckoo Brands Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Turnover includes administration and other recharges, marketing levies and bank facility charges raised to the trading subsidiaries. The turnover is reflective of the period the work was carried out.

Turnover also includes retrospective discounts due to the company in respect of purchase agreements made with suppliers. Income is reflective of when the amounts fall due.

Trade marks

Trade marks are capitalised in the company as they are acquired. They are them written off over their estimated useful life of 5 years.

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.

Bar Equipment

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33.33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 May 2024

and 30 May 2025

1,983

AMORTISATION

At 31 May 2024

and 30 May 2025

1,983

NET BOOK VALUE

At 30 May 2025

-

At 30 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Bar

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 31 May 2024

475

-

18,870

19,345

Additions

13,395

71,451

208

85,054

At 30 May 2025

13,870

71,451

19,078

104,399

DEPRECIATION

At 31 May 2024

238

-

18,870

19,108

Charge for year

1,953

10,854

69

12,876

At 30 May 2025

2,191

10,854

18,939

31,984

NET BOOK VALUE

At 30 May 2025

11,679

60,597

139

72,415

At 30 May 2024

237

-

-

237

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

Fixtures

Bar

and

Equipment

fittings

Totals

£

£

£

COST

Additions

10,908

71,451

82,359

At 30 May 2025

10,908

71,451

82,359

DEPRECIATION

Charge for year

1,091

10,854

11,945

At 30 May 2025

1,091

10,854

11,945

NET BOOK VALUE

At 30 May 2025

9,817

60,597

70,414

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 May 2024

and 30 May 2025

203,990

NET BOOK VALUE

At 30 May 2025

203,990

At 30 May 2024

203,990

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.25

30.5.24

£

£

Trade debtors

1,308

1,512

Other debtors

680,055

363,044

681,363

364,556

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.25

30.5.24

£

£

Bank loans and overdrafts

14,558

-

Hire purchase contracts (see note 10)

17,544

20,271

Trade creditors

17,061

21,764

Taxation and social security

52,178

60,344

Other creditors

175,771

119,658

277,112

222,037

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.5.25

30.5.24

£

£

Hire purchase contracts (see note 10)

34,339

51,883

Other creditors

637,464

363,285

671,803

415,168

Amounts falling due in more than five years:

Repayable by instalments

Loan Notes

202,750

202,750

Loan Note Interest

69,445

59,292

272,195

262,042

Company Voluntary Arrangement

On 17 April 2025 the Company entered into a Company Voluntary Arrangement ("CVA") with its unsecured creditors. In accordance with the terms of the CVA, certain creditor balances have been compromised and are repayable over the period of the arrangement.

At the balance sheet date, trade, HMRC and other creditors include amounts subject to the CVA, measured at the amounts expected to be settled under the terms of the arrangement.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.5.25

30.5.24

£

£

Net obligations repayable:

Within one year

17,544

20,271

Between one and five years

34,339

51,883

51,883

72,154

Non-cancellable

operating leases

30.5.25

30.5.24

£

£

Within one year

26,881

31,881

Between one and five years

15,681

42,562

42,562

74,443

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.5.25

30.5.24

£

£

Hire purchase contracts

51,883

72,154

The Finance Leases are secured over the asset they relate to.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 May 2025 and the period ended 30 May 2024:

30.5.25

30.5.24

£

£

Mr R A Powell

Balance outstanding at start of year

10,406

11,694

Amounts advanced

15,878

3,294

Amounts repaid

(3,329

)

(4,582

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,955

10,406

13.	RELATED PARTY DISCLOSURES

At the year end date the company had a loans outstanding of £81,345 to a partnership with common control.This loan is interest free and repayable on demand.

Also at the year end date the company owed loans and loan notes of £312,522 to individuals with a shareholder interest and their associated companies on arms length commercial terms. The interest charged for the year was £18,281.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Kuckoo Holdings Limited.