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Registered number: 11431650
| FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| IDAHOAN UK LTD
IDAHOAN UK LTD |  |
COMPANY INFORMATION
Directors | R S Carter
| S Jean
Registered number | 11431650
Registered office | 2nd Floor Magna House
| 18-32 London Road
| Staines-Upon-Thames
| TW14 4BP
Independent auditor | Menzies LLP
| Chartered Accountants & Statutory Auditor
| 4th Floor
| 95 Gresham Street
| London
| EC2V 7AB
IDAHOAN UK LTD |  |
CONTENTS
| Page
Statement of Financial Position | 1
Notes to the Financial Statements | 2 - 4
IDAHOAN UK LTD REGISTERED NUMBER:11431650 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks |  | 804,944 |  | 856,184 |
Debtors | 5 | 2,634,688 |  | 2,751,436 |
Bank and cash balances |  | 242,098 |  | 1,096,444 |
|  | 3,681,730 |  | 4,704,064 |
Creditors: amounts falling due within one year | 6 | (2,529,673) |  | (3,742,821) |
Net current assets |  |  | 1,152,057 |  | 961,243
Total assets less current liabilities |  |  | 1,152,057 |  | 961,243
Net assets |  |  | 1,152,057 |  | 961,243
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 1,151,957 |  | 961,143
|  |  | 1,152,057 |  | 961,243
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
S Jean
Director
Date: 1 April 2026
The notes on pages 2 to 4 form part of these financial statements. Page 1
IDAHOAN UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Idahoan UK Ltd is a private Company, limited by shares, incorporated in England and Wales, company registration number 11431650. The registered office of the Company can be found on the company information page. The principal place of business for the Company is 900 Pier View Dr., Ste.100, Idahoan Falls, Idaho 83402, United States. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.3 | Revenue
Revenue from the sale of products is recognised at the point of delivery to its distributor. It is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue from the sale of goods is measured as the fair value of the consideration received, excluding discounts and sales related taxes. Page 2
IDAHOAN UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements and estimates, particularly in relation to accrued promotional and marketing expenditure. The company sells goods to an intermediary distributor, which then sells to end customers. There can be a timing lag of up to approximately 60 days between these transactions, meaning that some promotional activity has occurred but has not yet been invoiced at the reporting date. Management therefore applies judgement in determining whether all relevant costs have been captured. The accrual is estimated based on information received from the intermediary regarding promotional activity with end customers, including agreed rebate rates and sales volumes. Due to the timing of reporting and invoicing, management must estimate the level of unbilled expenditure at the year end. Actual amounts may differ from those accrued, and such differences could be material in future periods.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,634,688 | 2,751,436
|  | 2,634,688 | 2,751,436
Page 3
IDAHOAN UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 426,875 | 329,505
| Amounts owed to group undertakings | 1,644,071 | 3,157,051
| Corporation tax | 63,605 | 76,115
| Accruals and deferred income | 395,122 | 180,150
|  | 2,529,673 | 3,742,821
7. | Parent company
Idahoan Foods International LLC is the parent company of the smallest group for which consolidated financial statements are drawn up. The registered address of the parent company is 900 Pier View Dr., Ste.100, Idahoan Falls, Idaho 83402, United States.
8. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 gave an unmodified opinion. The audit report was signed on 1 April 2026 by Sarah Hallam FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.
Page 4