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Company No: 08621417 (England and Wales)

# MAPLE SYRUP GROUP LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

MAPLE SYRUP GROUP LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

MAPLE SYRUP GROUP LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
MAPLE SYRUP GROUP LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | Tim Gibson
| Jennifer Nikkel
| Paul Norman Nikkel

REGISTERED OFFICE | 24 Greville Street
| London
| EC1N 8SS
| United Kingdom

COMPANY NUMBER | 08621417 (England and Wales)

MAPLE SYRUP GROUP LIMITED

## BALANCE SHEET

As at 31 December 2025
MAPLE SYRUP GROUP LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 421,519 |  | 1,083,385
Cash at bank and in hand |  | 1,210,724 |  | 601,764
|  | 1,632,243 |  | 1,685,149
Creditors: amounts falling due within one year | 4 | ( 24,979) |  | ( 18,379)
Net current assets |  | 1,607,264 |  | 1,666,770
Total assets less current liabilities |  | 1,607,264 |  | 1,666,770
Net assets |  | 1,607,264 |  | 1,666,770
Capital and reserves |  |  |  |
Called-up share capital | 5 | 1,383 |  | 1,383
Capital redemption reserve |  | 60 |  | 60
Profit and loss account |  | 1,605,821 |  | 1,665,327
Total shareholders' funds |  | 1,607,264 |  | 1,666,770

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Maple Syrup Group Limited (registered number: 08621417) were approved and authorised for issue by the Board of Directors on 09 April 2026. They were signed on its behalf by:

Paul Norman Nikkel Director |

MAPLE SYRUP GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
MAPLE SYRUP GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Maple Syrup Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 24 Greville Street, London, EC1N 8SS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 0 |  | 0

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by group undertakings (note 6) | 416,227 |  | 1,081,227
Other debtors | 5,292 |  | 2,158
| 421,519 |  | 1,083,385

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 9,375
Other creditors | 24,979 |  | 9,004
| 24,979 |  | 18,379

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
7,620 A ordinary shares of £ 0.10 each | 762 |  | 762
3,550 B ordinary shares of £ 0.10 each | 355 |  | 355
2,660 C ordinary shares of £ 0.10 each | 266 |  | 266
| 1,383 |  | 1,383

#### 6. Related party transactions

The company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the company is a wholly owned member.

Transactions with group companies

Amounts owed by Group undertakings

| 2025 |  | 2024
| £ |  | £
Amounts owed by associates | 416,227 |  | 1,081,227

The intercompany loan of £416,227 (2024: £1,081,227) was provided to Checkout Smart Limited. Starting from September 2024, the terms of the loan agreement changed and the loan became interest free and repayable on demand.

#### 7. Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking: Maple Syrup Trustees Limited
Registered office: 24 Greville Street, London, United Kingdom, EC1N 8SS
Nature of business: Share Holding Company
Class of shares held: Ordinary
Amount held at 31 December 2025: 100.00%
Amount held at 31 December 2024: 100.00%

#### 8. Associates

Details of the company's associates at 31 December 2025 are as follows:

Name of undertaking: Checkout Smart Limited
Registered office: The Brew, Eagle House, 163 City Road, London, EC1V 1NR
Nature of business: Grocery product cashback provider
Class of shares held: Ordinary
Amount held at 31 December 2025: 41.00%
Amount held at 31 December 2024: 41.00%

#### 9. Ultimate controlling party

Parent Company:

Tipping Canoe UK Ltd.
24 Greville Street, London, England, EC1N 8SS

The smallest and largest group into which the company is consolidated is that of Tipping Canoe UK Ltd. The registered office of Tipping Canoe UK Ltd is 24 Greville Street, London, England, EC1N 8SS from which copies of the group financial statements can be obtained.