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REGISTERED NUMBER: 04067246 (England and Wales)

Financial Statements |

for the Year Ended 31 December 2025 |

for |

IFW Limited |

| IFW Limited (Registered number: 04067246) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| IFW Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | J J Colam

| REGISTERED OFFICE: | Reedham House

| 31 King Street West

| Manchester

| M3 2PJ

| BUSINESS ADDRESS: | Wallsend Industrial Estate

| Cattedown Road

| Cattedown

| Plymouth

| Devon

| PL4 0RW

| REGISTERED NUMBER: | 04067246 (England and Wales)

| AUDITORS: | Freedman Frankl & Taylor

| Statutory Auditors

| Chartered Accountants

| Reedham House

| 31 King Street West

| Manchester

| M3 2PJ

| IFW Limited (Registered number: 04067246) |

Balance Sheet

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 1 |  | 1 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1 |  | 1 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

SHAREHOLDERS' FUNDS | 1 |  | 1 |  |

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 director and authorised for issue on 23 January 2026 and were signed by:

J J Colam - Director

| IFW Limited (Registered number: 04067246) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| IFW 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 1 |  | 1 |  |

5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| I Sluckis BA FCA (Senior Statutory Auditor)

| for and on behalf of Freedman Frankl & Taylor

| IFW Limited (Registered number: 04067246) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | ULTIMATE CONTROLLING PARTY

| The company's parent undertaking at the balance sheet date was Interfish Limited, a company incorporated and registered in England.

| The company's ultimate parent undertaking at the balance sheet date was Interfish Holdings Limited, a company incorporated and registered in Guernsey but tax resident in England so that all income is taxed and paid in the United Kingdom.

| Copies of the financial statements of Interfish Limited can be obtained from Wallsend Industrial Estate, Cattedown Road, Plymouth, Devon PL4 0RW.