Pretzel Logic UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07698418

Pretzel Logic UK Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

Pretzel Logic UK Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	26,225	114,396
Tangible assets	6	518,591	387,149
		---------	---------
		544,816	501,545

Current assets

Stocks		14,172	14,777
Debtors	7	62,373	95,930
Cash at bank and in hand		67,761	25,219
		---------	---------
		144,306	135,926

Creditors: amounts falling due within one year	8	128,014		163,573
		---------		---------
Net current assets/(liabilities)			16,292	( 27,647)
			---------	---------
Total assets less current liabilities			561,108	473,898

Creditors: amounts falling due after more than one year	9		167,441	90,094

Provisions

Taxation including deferred tax	29,571	29,210
	---------	---------
Net assets	364,096	354,594
	---------	---------

Pretzel Logic UK Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	2	2
Share premium account	249,999	249,999
Other reserves	55,000	55,000
Profit and loss account	59,095	49,593
	---------	---------
Shareholders funds	364,096	354,594
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

R Granicz

Director

Company registration number: 07698418

Pretzel Logic UK Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Searson House, 8 Searson Close, Tallington, Stamford, Lincolnshire, PE9 4RF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical costs basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the accounting policies. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed within the accounting policies. The directors do not consider that there are any further judgements or accounting estimates that have a significant effect on the financial statements other than those already disclosed in the accounting policies.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Franchise and development costs	-	10-15 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10 years straight line
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2024: 36 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 January 2025	205,415
Additions	1,707
Disposals	( 81,503)
	---------
At 31 December 2025	125,619
	---------
Amortisation
At 1 January 2025	91,019
Charge for the year	8,375
	---------
At 31 December 2025	99,394
	---------
Carrying amount
At 31 December 2025	26,225
	---------
At 31 December 2024	114,396
	---------

6. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 January 2025	1,016,538	15,811	1,032,349
Additions	204,506	1,913	206,419
Disposals	–	( 1,606)	( 1,606)
	------------	--------	------------
At 31 December 2025	1,221,044	16,118	1,237,162
	------------	--------	------------
Depreciation
At 1 January 2025	636,803	8,397	645,200
Charge for the year	72,429	1,850	74,279
Disposals	–	( 908)	( 908)
	------------	--------	------------
At 31 December 2025	709,232	9,339	718,571
	------------	--------	------------
Carrying amount
At 31 December 2025	511,812	6,779	518,591
	------------	--------	------------
At 31 December 2024	379,735	7,414	387,149
	------------	--------	------------

7. Debtors

	2025	2024
	£	£
Other debtors	62,373	95,930
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	30,910	36,488
Trade creditors	70,713	63,044
Social security and other taxes	7,679	34,863
Other creditors	18,712	29,178
	---------	---------
	128,014	163,573
	---------	---------

Bank loans and overdrafts are secured on the assets of the company.

Included within other creditors are hire purchase liabilities of £9,210 (2024 - £16,556) which are secured on the assets to which they relate.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	162,960	30,987
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,481	49,897
Other creditors	–	9,210
	---------	--------
	167,441	90,094
	---------	--------

Bank loans and overdrafts are secured on the assets of the company.

Included within other creditors are hire purchase liabilities of £Nil (2024 - £9,210) which are secured on the assets to which they relate.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	136,536	122,336
Later than 1 year and not later than 5 years	282,250	313,583
	---------	---------
	418,786	435,919
	---------	---------

11. Directors' advances, credits and guarantees

During the year the company received monies from the director and the affiliate, Pretzel Logic 1 LLLP totalling £61,806 and paid monies to them totalling £107,222. The amount owed by the company at the year end was £4,481 (2024 £49,897). No interest has been charged and there are no fixed repayment terms.