Humelab Hospitality UK Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—8

1. General Information

Humelab Hospitality UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12012454 . The registered office is Building B, Watchmoor Park, Riverside Way, Camberley, Surrey, GU15 3YL.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The financial statements are prepared on a going concern basis, as the director has considered financial projections for one year from the date of approval of these financial statements which support the director’s view that the Company will continue to operate as a going concern, primarily due to having sufficient cash reserves to meet all expected future costs.

The company has also received a letter of continued financial support from its parent company, Humelab Hospitality France to support the going concern of the company for a period of at least one year from the date of approval of these financial statements.

3.3. Significant judgements and estimations

The company does not have any significant judgements and estimates in place during the year ended 31 December 2025. There were no changes to accounting policies during the year.

3.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.5. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to on a straight line basis over 4 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

3.6. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are amortised to the income statement over its estimated economic life of 4 years.

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Humelab Hospitality UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.7. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	Over 3 years
Computer Software	Over 3 years
Computer Equipment	Over 3 years

3.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3.9. Financial Instruments

The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other Financial Instruments issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from related parties are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debtinstrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price andsubsequently measured at amortised cost using the effective interest method.

3.10. Interest Receivable

Interest receivable relates to interest earned from the company's savings and investment accounts. The interest is recognised on an accruals basis.

3.11. Interest Payable

Interest payable on borrowings and similar charges are accrued and recognized in the profit or loss over the period of the borrowing using the effective interest method.

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Humelab Hospitality UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.12. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3.13. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.14. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks. Bank overdrafts are shown within borrowings in current liabilities.

3.15. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

5. Intangible Assets

	Development Costs	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2025	83,956	50,000	133,956
Additions	47,023	-	47,023

As at 31 December 2025	130,979	50,000	180,979

Amortisation
As at 1 January 2025	4,975	50,000	54,975
Impairment losses	10,895	-	10,895

As at 31 December 2025	15,870	50,000	65,870

...CONTINUED

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Humelab Hospitality UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	115,109	-	115,109

As at 1 January 2025	78,981	-	78,981

6. Tangible Assets

	Motor Vehicles	Computer Software	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	-	70,000	89,352	159,352
Additions	8,999	-	8,837	17,836

As at 31 December 2025	8,999	70,000	98,189	177,188

Depreciation
As at 1 January 2025	-	70,000	85,024	155,024
Provided during the period	1,000	-	2,329	3,329

As at 31 December 2025	1,000	70,000	87,353	158,353

Net Book Value
As at 31 December 2025	7,999	-	10,836	18,835

As at 1 January 2025	-	-	4,328	4,328

7. Stocks

	2025	2024
	£	£
Stock	80,455	334,821

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	577,258	410,275
Amounts owed by group undertakings	391,871	285,584
Other debtors	25,218	31,578

	994,347	727,437

The amounts owed by group undertakings are unsecured, interest free and are repayable on demand.

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Humelab Hospitality UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	393,440	339,414
Other taxes and social security	35,295	56,945
Other creditors	189,197	548,709
Other payables	92,469	92,469
Accruals and deferred income	137,953	187,472
Amounts owed to group undertakings	293,971	257,053

	1,142,325	1,482,062

The amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Group loans	843,211	613,794

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	20	20

12. Contingent Liabilities

There were no contingent laibilities as at the reporting date (2024: £Nil).

13. Pension Commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,015 (2024 - £8,945). Contributions totalling £2,182 (2024 - £1,874) were payable to the fund at the balance sheet date and are included in creditors.

14. Post Balance Sheet Events

There are no post balance sheet events after the reporting date.

15. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

16. Controlling Parties

The company's immediate parent undertaking is Humelab Hospitality France (incorporated in France). Its registered office is Parc de la Radio - Route de Paris 28100 Dreux, France .

17. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Humelab Hospitality UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

18. Audit Information

The auditor's report on the accounts of Humelab Hospitality UK Ltd for the year ended 31 December 2025 was unqualified and was signed on 8 June 2026.

The auditor's report was signed by Tafadzwa George Mushambi Bsc Hons, FCCA (Senior Statutory Auditor) for and on behalf of Mushambi and Associates Limited , Statutory Auditor.

Mushambi and Associates Limited

North London Office Park

Oakleigh Road South

London

N11 1GN

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		115,109		78,981
Tangible Assets	6		18,835		4,328

			133,944		83,309
CURRENT ASSETS
Stocks	7	80,455		334,821
Debtors	8	994,347		727,437
Cash at bank and in hand		15,764		174,304

		1,090,566		1,236,562
Creditors: Amounts Falling Due Within One Year	9	(1,142,325 )		(1,482,062 )

NET CURRENT ASSETS (LIABILITIES)			(51,759 )		(245,500 )

TOTAL ASSETS LESS CURRENT LIABILITIES			82,185		(162,191 )

Creditors: Amounts Falling Due After More Than One Year	10		(843,211 )		(613,794 )

NET LIABILITIES			(761,026 )		(775,985 )

CAPITAL AND RESERVES
Called up share capital	11		20		20
Share premium account			372,638		372,638
Income Statement			(1,133,684 )		(1,148,643 )

SHAREHOLDERS' FUNDS			(761,026)		(775,985)