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Registration number: 16041983

Trophy Pet Foods Torbay Ltd
Unaudited Filleted Financial Statements
for the Period from 25 October 2024 to 31 October 2025

Trophy Pet Foods Torbay Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Trophy Pet Foods Torbay Ltd

Company Information

Director | Mr Matthew Cose

Registered office | 12 Montserrat Rise Torquay TQ2 7GP

Accountants | Neil Wilson Accountancy Limited Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Trophy Pet Foods Torbay Ltd

(Registration number: 16041983)
Balance Sheet as at 31 October 2025

| Note | 2025 £
Fixed assets |  |
Intangible assets | 4 | 2,703
Tangible assets | 5 | 1,391
|  | 4,094
Current assets |  |
Stocks | 6 | 560
Debtors | 7 | 1,848
Cash at bank and in hand |  | 4,306
|  | 6,714
Creditors: Amounts falling due within one year | 8 | (10,172)
Net current liabilities |  | (3,458)
Net assets |  | 636
Capital and reserves |  |
Called up share capital | 9 | 1
Retained earnings |  | 635
Shareholders' funds |  | 636

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 March 2026

......................................... Mr Matthew Cose Director

Trophy Pet Foods Torbay Ltd

Notes to the Unaudited Financial Statements for the Period from 25 October 2024 to 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Montserrat Rise
Torquay
TQ2 7GP

These financial statements were authorised for issue by the director on 10 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trophy Pet Foods Torbay Ltd

Notes to the Unaudited Financial Statements for the Period from 25 October 2024 to 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & fittings | 25% Reducing balance
Motor vehicles | 25% Reducing balance
Office equipment | 25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trophy Pet Foods Torbay Ltd

Notes to the Unaudited Financial Statements for the Period from 25 October 2024 to 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Trophy Pet Foods Torbay Ltd

Notes to the Unaudited Financial Statements for the Period from 25 October 2024 to 31 October 2025

4 | Intangible assets

| Goodwill £ | Contractual customer relationships £ | Total £
Cost or valuation
Additions acquired separately | 3,000 | 3 | 3,003
At 31 October 2025 | 3,000 | 3 | 3,003
Amortisation
Amortisation charge | 300 | - | 300
At 31 October 2025 | 300 | - | 300
Carrying amount
At 31 October 2025 | 2,700 | 3 | 2,703

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
Additions | 558 | 1,297 | 1,855
At 31 October 2025 | 558 | 1,297 | 1,855
Depreciation
Charge for the period | 140 | 324 | 464
At 31 October 2025 | 140 | 324 | 464
Carrying amount
At 31 October 2025 | 418 | 973 | 1,391

6 | Stocks

| 2025 £
Other inventories | 560

7 | Debtors

Trophy Pet Foods Torbay Ltd

Notes to the Unaudited Financial Statements for the Period from 25 October 2024 to 31 October 2025

Current | 2025 £
Trade debtors | 1,848
| 1,848

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Trade creditors | 1,750
Taxation and social security | 4,445
Accruals and deferred income | 1,531
Other creditors | 2,446
| 10,172

9 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary of £1 each | 1 | 1

10 | Dividends

|  | 2025
|  | £
Interim dividend of £15,000.00 per ordinary share |  | 15,000

11 | Related party transactions

Transactions with the director

2025 | At 25 October 2024 £ | Repayments by director £ | At 31 October 2025 £
Mr Matthew Cose
Mr Matthew Cose | - | (2,446) | (2,446)

Trophy Pet Foods Torbay Ltd

Notes to the Unaudited Financial Statements for the Period from 25 October 2024 to 31 October 2025

Director's remuneration

The director's remuneration for the period was as follows:

| 2025 £
Remuneration | 13,690

Dividends paid to the director

| 2025 £
Mr Matthew Cose |
Mr Matthew Cose | 15,000