Rude Health Foods Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—9

1. General Information

Rude Health Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05602067 . The registered office is 212 New King's Road, London, SW6 4NZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the accounting policies (see policy 2.3).

The following principal accounting policies have been applied:

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The underlying business has demonstrated strong growth and improved profitability during the year. The Directors are projecting continued growth improving profitability in 2026.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgments (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue recognition

The key judgment made by management in respect of revenue is the point at which that revenue should be recognised. Management consider that revenue is to be recognised when delivery is made to customer as this is when the risks and rewards of ownership are transferred.

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.

Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax submissions. Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

2.4. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

the Group has transferred the significant risks and rewards of ownership to the buyer;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery - 20% straight line
Motor vehicles - 20% straight line
Fixtures and fittings - 33% straight line
Computer equipment - 33% straight line
Brand assets - 50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount

and are recognised in profit or loss.

2.6. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.7. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.9. Foreign Currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.10. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11. Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.12. Debtors

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

2.13. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.14. Creditors

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

2.14. Valuation of investments

Investments in subsidiaries were measured at cost less accumulated impairment. The company no longer carries any investments and as a result have disposed of these in the current year.

2.15. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.16. Disclosure of long or short period

In the comparative period the company prepared short accounts for the period 1 April 2024 to 31 December 2024. This year reflects a full 12 months.

2.17. Share-based Payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Group keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

2.18. Operating leases

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 11 (2024: 26)

4. Tangible Assets

	Brand Assets	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	120,924	65,648	6,609	8,254
Additions	-	-	517	-
Disposals	(37,007 )	(3,095 )	-	-

As at 31 December 2025	83,917	62,553	7,126	8,254

Depreciation
As at 1 January 2025	120,924	62,115	4,076	7,448
Provided during the period	-	292	2,178	142
Disposals	(37,007 )	-	(108 )	664

As at 31 December 2025	83,917	62,407	6,146	8,254

Net Book Value
As at 31 December 2025	-	146	980	-

As at 1 January 2025	-	3,533	2,533	806

	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	123,837	325,272
Additions	213	730
Disposals	(3,819 )	(43,921 )

As at 31 December 2025	120,231	282,081

Depreciation
As at 1 January 2025	114,133	308,696
Provided during the period	13,568	16,180
Disposals	(7,470 )	(43,921 )

As at 31 December 2025	120,231	280,955

Net Book Value
As at 31 December 2025	-	1,126

As at 1 January 2025	9,704	16,576

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	1
Disposals	(1 )

As at 31 December 2025	-

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	1

6. Stocks

	31 December 2025	31 December 2024
	£	£
Stock	1,702,770	1,593,763

7. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	4,534,609	3,308,318
Prepayments and accrued income	771,874	238,311
Other debtors	106,927	386,023
Corporation tax recoverable assets	-	4,309
Deferred tax current asset	-	160,276
VAT	250,031	-

	5,663,441	4,097,237

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	2,849,310	2,824,785
Corporation tax	141,344	-
Other taxes and social security	-	61,744
Other creditors	-	37,066
Factored debts	1,707,972	-
Accruals and deferred income	1,007,239	266,858

	5,705,865	3,190,453

The debt factoring is secured by fixed and floating charges over the assets of the Company.

9. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	475,960	475,960

This is made up of 475,960 Ordinary shares of £1.00 each.

10. 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 £20,640 (2024 - £35,008). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date.

11. Dividends

	31 December 2025	31 December 2024
	£	£
On equity shares:
Interim dividend paid	2,781,221	-

12. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.

13. Ultimate Parent Undertaking and Controlling Party

The parent company of the smallest group in which these financial statements are consolidated is Oddlygood Global OY , incorporated in Finland. Copies of the group accounts may be obtained from the secretary, Meijeritie 6, 00370 Helsinki

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Rude Health Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

14. Share Premium Reduction

On 23 December 2025 by way of written resolutions under Chapter 2 of Part 13 of the Companies Act 2006, the company elected to reduce the share premium account by cancelling £3,753,244 of share premium and repaying by crediting the company’s shareholder capital distributable reserves.

15. Reserves

Capital redemption reserve

The capital redemption reserve represents ordinary share capital repurchased and cancelled by the company.

Profit and loss account

The profit and loss account represents the cumulative profit available for distribution to shareholders, which now includes the share premium reduction as mentioned in note 14.

15. Audit Information

The auditor's report on the accounts of Rude Health Foods Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Martin Herron BA (Hons) ACA (Senior Statutory Auditor) for and on behalf of MHA , Statutory Auditor.

MHA

The Pinnacle

150 Midsummer Boulevard

Milton Keynes

MK9 1LZ

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,126		16,576
Investments	5		-		1

			1,126		16,577
CURRENT ASSETS
Stocks	6	1,702,770		1,593,763
Debtors	7	5,663,441		4,097,237
Cash at bank and in hand		729,218		2,005,290

		8,095,429		7,696,290
Creditors: Amounts Falling Due Within One Year	8	(5,705,865 )		(3,190,453 )

NET CURRENT ASSETS (LIABILITIES)			2,389,564		4,505,837

TOTAL ASSETS LESS CURRENT LIABILITIES			2,390,690		4,522,414

NET ASSETS			2,390,690		4,522,414

CAPITAL AND RESERVES
Called up share capital	9		475,960		475,960
Share premium account			-		3,753,244
Capital redemption reserve			11,990		11,990
Profit and Loss Account			1,902,740		281,220

SHAREHOLDERS' FUNDS			2,390,690		4,522,414