REGISTERED NUMBER: 15991538 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2024 TO 31 DECEMBER 2025

FOR

TASTER FOOD UK CW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

X F Bai

B W Elliot

J X Y Quek

G M T Quek

H S Yang

C H Yang

REGISTERED OFFICE:

5-6 Henrietta Street

London

WC2E 8PS

REGISTERED NUMBER:

15991538 (England and Wales)

AUDITORS:

Stein Richards

Chartered Accountants and Statutory Auditor

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Intangible assets

4

14,139

Tangible assets

5

1,698,414

1,712,553

CURRENT ASSETS

Stocks

29,940

Debtors

6

619,769

Cash at bank and in hand

369,122

1,018,831

CREDITORS

Amounts falling due within one year

7

2,183,936

NET CURRENT LIABILITIES

(1,165,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

547,448

PROVISIONS FOR LIABILITIES

454,215

NET ASSETS

93,233

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

93,133

93,233

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 CW 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.

This is the first set of financial statements prepared, and are for a long period from the date of incorporation 1 October 2024 to 31 December 2025.

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 are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

Plant and machinery

-

20% straight line

Fixtures and fittings

-

20% straight line

Computer equipment

-

33.33% straight line

Depreciation of short leasehold and improvements to property is calculated on a straight-line basis over the shorter of the lease term or the estimated useful lives of the assets, with a maximum of 8 years.

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.

An item of tangible fixed assets is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in statement of comprehensive income in the year the asset is derecognised.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 intecompany loans from third parties.

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

Taxation

Taxation for the period 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.

Current or 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 period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 6 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

15,783

At 31 December 2025

15,783

AMORTISATION

Amortisation for period

1,644

At 31 December 2025

1,644

NET BOOK VALUE

At 31 December 2025

14,139

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

Additions

55,790

1,457,569

323,738

At 31 December 2025

55,790

1,457,569

323,738

DEPRECIATION

Charge for period

5,507

149,410

49,873

At 31 December 2025

5,507

149,410

49,873

NET BOOK VALUE

At 31 December 2025

50,283

1,308,159

273,865

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

59,011

23,043

1,919,151

At 31 December 2025

59,011

23,043

1,919,151

DEPRECIATION

Charge for period

9,667

6,280

220,737

At 31 December 2025

9,667

6,280

220,737

NET BOOK VALUE

At 31 December 2025

49,344

16,763

1,698,414

6.

DEBTORS

£

Amounts falling due within one year:

Trade debtors

41,728

Amounts owed by group undertakings

168,628

Other debtors

181,413

391,769

Amounts falling due after more than one year:

Other debtors

228,000

Aggregate amounts

619,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

248,250

Amounts owed to group undertakings

1,376,130

Taxation and social security

164,769

Other creditors

394,787

2,183,936

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.	OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £5,288,333.

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.