Coppola Foods Limited 07953310 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is that of an importer, exporter and distributor of Italian food Digita Accounts Production Advanced 6.30.9574.0 true false true false false 07953310 2025-01-01 2025-12-31 07953310 2025-12-31 07953310 bus:OrdinaryShareClass1 2025-12-31 07953310 core:CurrentFinancialInstruments 2025-12-31 07953310 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 07953310 core:Non-currentFinancialInstruments 2025-12-31 07953310 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 07953310 core:FurnitureFittingsToolsEquipment 2025-12-31 07953310 bus:SmallEntities 2025-01-01 2025-12-31 07953310 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07953310 bus:FilletedAccounts 2025-01-01 2025-12-31 07953310 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07953310 bus:RegisteredOffice 2025-01-01 2025-12-31 07953310 bus:Director2 2025-01-01 2025-12-31 07953310 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 07953310 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07953310 core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-01 2025-12-31 07953310 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 07953310 core:FurnitureFittings 2025-01-01 2025-12-31 07953310 core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 07953310 core:Subsidiary1 2025-01-01 2025-12-31 07953310 core:Subsidiary1 1 2025-01-01 2025-12-31 07953310 core:Subsidiary1 countries:Italy 2025-01-01 2025-12-31 07953310 core:Subsidiary2 2025-01-01 2025-12-31 07953310 core:Subsidiary2 1 2025-01-01 2025-12-31 07953310 core:Subsidiary2 countries:AllCountries 2025-01-01 2025-12-31 07953310 core:Subsidiary3 2025-01-01 2025-12-31 07953310 core:Subsidiary3 1 2025-01-01 2025-12-31 07953310 core:Subsidiary3 countries:Australia 2025-01-01 2025-12-31 07953310 countries:England 2025-01-01 2025-12-31 07953310 2024-12-31 07953310 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 07953310 core:FurnitureFittingsToolsEquipment 2024-12-31 07953310 2024-01-01 2024-12-31 07953310 2024-12-31 07953310 bus:OrdinaryShareClass1 2024-12-31 07953310 core:CurrentFinancialInstruments 2024-12-31 07953310 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07953310 core:Non-currentFinancialInstruments 2024-12-31 07953310 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 07953310 core:FurnitureFittingsToolsEquipment 2024-12-31 07953310 core:Subsidiary1 1 2024-01-01 2024-12-31 07953310 core:Subsidiary2 1 2024-01-01 2024-12-31 07953310 core:Subsidiary3 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07953310

Coppola Foods Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 December 2025

Coppola Foods Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 9

Coppola Foods Limited

(Registration number: 07953310)
Abridged Balance Sheet as at 31 December 2025

| Note | 2025 € | 2024 €
Fixed assets |  |  |
Intangible assets | 4 | 786,229 | 732,720
Tangible assets | 5 | 90 | 565
Investments | 6 | 204,487 | 204,487
|  | 990,806 | 937,772
Current assets |  |  |
Stocks | 7 | 13,443 | 18,760
Debtors |  | 137,939 | 93,686
Cash at bank and in hand |  | 550 | 11,624
|  | 151,932 | 124,070
Creditors: Amounts falling due within one year |  | (718,479) | (695,358)
Net current liabilities |  | (566,547) | (571,288)
Total assets less current liabilities |  | 424,259 | 366,484
Creditors: Amounts falling due after more than one year |  | (5,138) | (55,179)
Accruals and deferred income |  | (148,220) | (114,382)
Net assets |  | 270,901 | 196,923
Capital and reserves |  |  |
Called up share capital | 8 | 120 | 120
Retained earnings |  | 270,781 | 196,803
Shareholders' funds |  | 270,901 | 196,923

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Coppola Foods Limited

(Registration number: 07953310)
Abridged Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 28 May 2026 and signed on its behalf by:

......................................... Mr Ernesto Coppola Director

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
5 St John’s Lane
London
EC1M 4BH

These financial statements were authorised for issue by the Board on 28 May 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 abridged 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 abridged 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

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.

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 and fittings | 20% on a straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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
Trademarks | Over 10 years on a straight line basis
Website | Over 5 years on a straight line basis

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

Borrowings

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Total €
Cost or valuation
At 1 January 2025 | 1,051,880
Additions acquired separately | 172,756
At 31 December 2025 | 1,224,636
Amortisation
At 1 January 2025 | 319,160
Amortisation charge | 119,247
At 31 December 2025 | 438,407
Carrying amount
At 31 December 2025 | 786,229
At 31 December 2024 | 732,720

5 | Tangible assets

| Furniture, fittings and equipment € | Total €
Cost or valuation
At 1 January 2025 | 11,632 | 11,632
Additions | 132 | 132
At 31 December 2025 | 11,764 | 11,764
Depreciation
At 1 January 2025 | 11,064 | 11,064
Charge for the year | 610 | 610
At 31 December 2025 | 11,674 | 11,674
Carrying amount
At 31 December 2025 | 90 | 90
At 31 December 2024 | 565 | 565

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

6 | Investments

| Total €
Cost or valuation
At 1 January 2025 | 204,487
Provision
Carrying amount
At 31 December 2025 | 204,487
At 31 December 2024 | 204,487

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Coppola Industria Alimentare Srl | Italy | Ordinary | 100% | 100%
Gourmica North America LLC | Delaware, USA | Ordinary | 100% | 100%
Coppola Foods Asia Pacific Pty Ltd | Australia | Ordinary | 80% | 80%

Subsidiary undertakings
Coppola Industria Alimentare Srl The principal activity of Coppola Industria Alimentare Srl is procurement and logistic services.
Gourmica North America LLC The principal activity of Gourmica North America LLC is Food Wholesale.
Coppola Foods Asia Pacific Pty Ltd The principal activity of Coppola Foods Asia Pacific Pty Ltd is Food Wholesale.

Coppola Foods Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

7 | Stocks

| 2025 € | 2024 €
Finished goods and goods for resale | 13,443 | 18,760

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | € | No. | €
Ordinary shares of £1 each | 100 | 120 | 100 | 120