REGISTERED NUMBER: 13746097 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

La Boite A Encas UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Ormancey

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

11 Old Jewry

London

EC2R 8DU

REGISTERED NUMBER:

13746097 (England and Wales)

AUDITORS:

Baker Tilly Ireland Audit Limited

Chartered Certified Accountants and

Statutory Auditor

1st Floor

Scotch House

6/7 Burgh Quay

Dublin

Ireland

D02 VK44

BANKERS:

Revolut Business, Westferry Circus

Canary Wharf, London, E14 4HD

&

Spendesk,51 Rue de Londres

Paris, France, 75008

SOLICITORS:

Norton Rose Fullbright

3 More London Riverside

London, SE1 2AQ

K&L Gates LLP

One New Change

London, EC4M 9AF

FIXED ASSETS

Tangible assets

4

16,069

20,101

CURRENT ASSETS

Stocks

3,672

29,696

Debtors

5

490,550

456,248

Cash at bank

147,516

95,232

641,738

581,176

CREDITORS

Amounts falling due within one year

6

893,947

460,276

NET CURRENT (LIABILITIES)/ASSETS

(252,209

)

120,900

TOTAL ASSETS LESS CURRENT LIABILITIES

(236,140

)

141,001

CREDITORS

Amounts falling due after more than one year

7

9,604,293

6,364,755

NET LIABILITIES

(9,840,433

)

(6,223,754

)

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Retained earnings

(9,845,433

)

(6,228,754

)

SHAREHOLDERS' FUNDS

(9,840,433

)

(6,223,754

)

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 director and authorised for issue on 12 June 2026 and were signed by:

M Ormancey - Director

1.	STATUTORY INFORMATION

La Boite A Encas UK Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis and under the historical cost convention.

The functional currency and the presentation currency of the financial statements is the Pound Sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

(a) Establishing useful economic lives for depreciation purposes of tangible fixed assets

Long-lived assets- consisting primarily of Plant and Machinery- comprise a significant portion of the total assets. The annual depreciation charge depends primarily on the estimated useful economic lives of each type of asset and estimates of residual values. The directors regularly review the useful economic lives of these assets and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset useful lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful economic lives is included in the accounting policies.

Critical accounting judgements and key sources of estimation uncertainty - continued

(b) Inventory provisioning

The company is involved in the food sector. It is necessary to consider the recoverability of the cost of the inventory and the associated provision required. When calculating the inventory provision, management considers the stage of completion, the estimated realisable value and the estimated costs to completion. The level of provision required is reviewed on an on-going basis.

(c) Provision for doubtful debts

The company makes an estimate of the recoverable value of trade and other debtors. The company uses estimates based on historical experience in determining the level of debts, which the company believes, will not be collected. These estimates include such factors as the current credit rating of the debtor, the ageing profile of debtors and historical experience. Any significant reduction in the level of customers that default on payments or other significant improvements that resulted in a reduction in the level of bad debt provision would have a positive impact on the operating results. The level of provision required is reviewed on an on-going basis.

Turnover

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% on cost

Office equipment - 20% on cost

Stocks

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

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, loans from fellow group companies, 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, accruals and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 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 and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. 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.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, including transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, including of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025

34,714

3,048

37,762

Additions

5,595

-

5,595

Disposals

(5,316

)

-

(5,316

)

At 31 December 2025

34,993

3,048

38,041

DEPRECIATION

At 1 January 2025

16,675

986

17,661

Charge for year

7,146

620

7,766

Eliminated on disposal

(3,455

)

-

(3,455

)

At 31 December 2025

20,366

1,606

21,972

NET BOOK VALUE

At 31 December 2025

14,627

1,442

16,069

At 31 December 2024

18,039

2,062

20,101

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

449,969

346,409

Other debtors

16,819

72,093

Accrued income and prepayments

-

5,312

Prepayments

23,762

32,434

490,550

456,248

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

2,749

-

Trade creditors

354,872

(16,677

)

Amounts owed to group undertakings

272,374

213,568

Social security and other taxes

68,287

37,040

VAT

37,469

38,962

Other creditors

9,889

16,236

Accruals

147,536

140,226

Accruals and deferred income

771

30,921

893,947

460,276

Amounts owed to group companies are unsecured interest free and repayable on demand.

Trade creditors are payable at various dates over the coming months in accordance with the suppliers' usual and customary credit terms.

The term of the accruals are based on the underlying contracts.

Taxes including social insurance are payable at various dates over the coming months in accordance with the applicable statutory provisions.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

9,547,166

6,309,915

Accruals

57,127

54,840

9,604,293

6,364,755

The accruals balance includes £57,127 (2024: £54,840) of amount owed to group companies for inter company recharges.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

-

53,400

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

5,000

Ordinary

£1

5,000

5,000

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

The Report of the Auditors was unqualified.

Aidan Scollard (Senior Statutory Auditor)

for and on behalf of Baker Tilly Ireland Audit Limited

11.	GOING CONCERN

The Financial Statements have been prepared on the going concern basis which assumes the entity will continue in operational existence for the foreseeable future and for at least a period of 12 months from the date of approval of the Financial Statements.

The company has recorded a loss of £3,193,087 (2024: £2,609,250) and had net liabilities of £9,416,841 (2024: £6,223,754) for the year ending 31 December 2025.

At the date of approval of the financial statements the board of directors have received confirmation from the parent company of its intention to provide continued financial support to the company in order to ensure that the company remains in operational existence for the foreseeable future which may require continued cash funding support of its parent company, including the non-call of the finance and trading balances of £272,374 and the intercompany balance in the long term creditors note 8 of £9,547,166.

Given the support of the parent company the directors are satisfied that the company has the necessary resources to continue trading for the foreseeable future and accordingly believe that it is appropriate for the Financial Statements to be prepared on a going concern basis.

12.	CAPITAL COMMITMENTS

The company had no material capital commitments at the financial year ended 31 December 2024

13.	RELATED PARTY DISCLOSURES

The company has availed of the exemption under FRS102 section 1A in relation to the disclosure of transaction with group companies.

14.	POST BALANCE SHEET EVENTS

The Company will operate a Group order business, consisting in proposing a restaurant marketplace to its B2B customers so the latter can offer meals to their employees on a regular basis.

15.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is La Boite a Encas SAS, a company incorporated in France, whose registered address is 8 Rue Jeanne D'asnieres, Clichy, France, 92110.