REGISTERED NUMBER: 13575545 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TASTER FOOD UK SF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

X F Bai

B W Elliot

H S Yang

C H Yang

J X Y Quek

REGISTERED OFFICE:

5-6 Henrietta Street

London

United Kingdom

WC2E 8PS

REGISTERED NUMBER:

13575545 (England and Wales)

AUDITORS:

Stein Richards

Chartered Accountants and Statutory Auditor

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Intangible assets

4

4,910

7,856

Tangible assets

5

525,732

1,033,862

530,642

1,041,718

CURRENT ASSETS

Stocks

31,130

34,092

Debtors

6

587,198

571,006

Cash at bank

3,745,264

2,894,762

4,363,592

3,499,860

CREDITORS

Amounts falling due within one year

7

2,327,777

2,637,720

NET CURRENT ASSETS

2,035,815

862,140

TOTAL ASSETS LESS CURRENT LIABILITIES

2,566,457

1,903,858

PROVISIONS FOR LIABILITIES

233,434

353,219

NET ASSETS

2,333,023

1,550,639

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,333,022

1,550,638

2,333,023

1,550,639

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

B W Elliot - Director

1.	STATUTORY INFORMATION

Taster Food UK SF Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the sale of food and beverage to customers and is recognised upon delivery and acceptance by customers, net of value added tax and sales discount. Turnover is only recognised when it is certain consideration will be received.

Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment losses.

The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at each financial year-end. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by changing the amortisation period or method, as appropriate, and are treated as changes in accounting estimates. The amortisation expense on intangible assets with finite lives is recognised in profit and loss in the expense category consistent with the function of the intangible asset.

Franchise fees paid have been capitalised and are being amortised on a straight line basis over the franchise licence period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over period of lease

Plant and machinery

-

25% straight line

Fixtures and fittings

-

25% straight line

Computer equipment

-

33.33% straight line

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

The residual values, useful lives and depreciation method are reviewed at each financial year end to ensure that the amounts, method and period of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic benefits embodied in the items of tangible fixed assets.

Stocks

Stocks comprise raw materials and consumables.

Stocks are valued at the lower of cost and net realisable value. Cost comprise purchase costs accounted for on a first in first out cost basis.

Where necessary, allowance is provided for damaged, obsolete and slow-moving items to adjust the carrying value of stock to the lower cost and net realisable value.

Net realisable value is based on estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade receivables and trade payables and loans from third parties.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation

Taxation for the year comprises deferred tax only. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred taxation assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Significant judgements and estimates

Management have been required to make judgements and estimates when determining the depreciation method and rates used in writing off each tangible fixed asset over its estimated useful life. The estimated useful life reflects management's estimate of the period that the Company intends to derive future economic benefits from the use of the Company's property, plant and equipment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2025

and 31 December 2025

14,729

AMORTISATION

At 1 January 2025

6,873

Amortisation for year

2,946

At 31 December 2025

9,819

NET BOOK VALUE

At 31 December 2025

4,910

At 31 December 2024

7,856

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

1,903,796

504,165

135,707

6,693

2,550,361

Additions

781

34,289

1,504

2,418

38,992

At 31 December 2025

1,904,577

538,454

137,211

9,111

2,589,353

DEPRECIATION

At 1 January 2025

1,095,497

328,486

86,340

6,176

1,516,499

Charge for year

380,871

131,222

34,193

836

547,122

At 31 December 2025

1,476,368

459,708

120,533

7,012

2,063,621

NET BOOK VALUE

At 31 December 2025

428,209

78,746

16,678

2,099

525,732

At 31 December 2024

808,299

175,679

49,367

517

1,033,862

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

539,745

538,306

Amounts owed by group undertakings

1

1

Other debtors

47,452

32,699

587,198

571,006

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

96,322

153,663

Amounts owed to group undertakings

1,724,219

2,043,171

Taxation and social security

305,888

221,024

Other creditors

201,348

219,862

2,327,777

2,637,720

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Nissen F.C.A. (Senior Statutory Auditor)

for and on behalf of Stein Richards

9.	RELATED PARTY DISCLOSURES

During the year the company made an interest free loan of £2,500,000 to its ultimate parent company. The loan was repaid in full during the year.

10.	PARENT UNDERTAKING

The Company's immediate parent undertaking is Taster Food UK Holding Limited which prepares consolidated financial statements. Taster Food UK Holding Limited is incorporated and registered in the UK.