REGISTERED NUMBER: 02518323 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

NOVA FOODS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Demetriades

Mr G Heracleous

Mr J Hajiyianni

Mrs M A Heracleous

REGISTERED OFFICE:

Barbican Pasta Bar

40 Southside Street

The Barbican

Plymouth

Devon

PL1 2LE

REGISTERED NUMBER:

02518323 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

155,303

162,127

155,303

162,127

CURRENT ASSETS

Stocks

6

11,670

9,939

Debtors

7

18,977

11,920

Cash at bank and in hand

68,831

86,044

99,478

107,903

CREDITORS

Amounts falling due within one year

8

171,427

136,974

NET CURRENT LIABILITIES

(71,949

)

(29,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

83,354

133,056

CREDITORS

Amounts falling due after more than one year

9

(3,967

)

(9,291

)

PROVISIONS FOR LIABILITIES

10

(26,780

)

(26,780

)

NET ASSETS

52,607

96,985

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

52,507

96,885

SHAREHOLDERS' FUNDS

52,607

96,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

Mr J Demetriades - Director

Mr G Heracleous - Director

Mr P Heracleous - Director

Mr J Hajiyianni - Director

1.	STATUTORY INFORMATION

Nova Foods 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.

Turnover

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

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line method

Cutlery and crockery

-

25% on reducing balance

Furniture & equipment

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.

41

The average number of employees during the year was 41 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

82,500

AMORTISATION

At 1 September 2024

and 31 August 2025

82,500

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Cutlery

to

and

Furniture

Motor

property

crockery

& equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

95,553

65,917

391,411

25,864

578,745

DEPRECIATION

At 1 September 2024

-

65,789

325,948

24,881

416,618

Charge for year

-

32

6,546

246

6,824

At 31 August 2025

-

65,821

332,494

25,127

423,442

NET BOOK VALUE

At 31 August 2025

95,553

96

58,917

737

155,303

At 31 August 2024

95,553

128

65,463

983

162,127

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

12,839

DEPRECIATION

At 1 September 2024

11,875

Charge for year

241

At 31 August 2025

12,116

NET BOOK VALUE

At 31 August 2025

723

At 31 August 2024

964

6.

STOCKS

31.8.25

31.8.24

£

£

Stocks

11,670

9,939

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

16,622

9,232

Prepayments and accrued income

2,355

2,688

18,977

11,920

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

25,719

7,291

Trade creditors

69,257

53,609

Corporation tax payable

2,450

769

Social security and other taxes

14,058

7,953

VAT

39,451

47,088

Amount due to related company

10,000

10,000

Pension

3,125

2,526

Directors' current accounts

4,167

4,538

Accrued expenses

3,200

3,200

171,427

136,974

The bank loan and overdraft are secured by a fixed and floating charge over all of the company's assets and by directors guarantees.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

3,967

9,291

10.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

26,780

26,780

Deferred

tax

£

Balance at 1 September 2024

26,780

Balance at 31 August 2025

26,780

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 September 2024

96,885

Profit for the year

3,622

Dividends

(48,000

)

At 31 August 2025

52,507

13.	ULTIMATE CONTROLLING PARTY