IRIS Accounts Production v26.1.10.61 05142056 Board of Directors Board of Directors 1.1.25 31.12.25 31.12.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05142056 2024-12-31 05142056 2025-12-31 05142056 2025-01-01 2025-12-31 05142056 2023-12-31 05142056 2024-01-01 2024-12-31 05142056 2024-12-31 05142056 ns15:EnglandWales 2025-01-01 2025-12-31 05142056 ns14:PoundSterling 2025-01-01 2025-12-31 05142056 ns10:Director1 2025-01-01 2025-12-31 05142056 ns10:Director2 2025-01-01 2025-12-31 05142056 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05142056 ns10:SmallEntities 2025-01-01 2025-12-31 05142056 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05142056 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 05142056 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05142056 ns10:FullAccounts 2025-01-01 2025-12-31 05142056 1 2025-01-01 2025-12-31 05142056 ns10:CompanySecretary1 2025-01-01 2025-12-31 05142056 ns10:RegisteredOffice 2025-01-01 2025-12-31 05142056 ns5:CurrentFinancialInstruments 2025-12-31 05142056 ns5:CurrentFinancialInstruments 2024-12-31 05142056 ns5:Non-currentFinancialInstruments 2025-12-31 05142056 ns5:Non-currentFinancialInstruments 2024-12-31 05142056 ns5:ShareCapital 2025-12-31 05142056 ns5:ShareCapital 2024-12-31 05142056 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 05142056 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05142056 ns5:NetGoodwill 2025-01-01 2025-12-31 05142056 ns5:NetGoodwill 2024-12-31 05142056 ns5:NetGoodwill 2025-12-31 05142056 ns5:NetGoodwill 2024-12-31 05142056 ns5:LandBuildings 2024-12-31 05142056 ns5:PlantMachinery 2024-12-31 05142056 ns5:LandBuildings 2025-01-01 2025-12-31 05142056 ns5:PlantMachinery 2025-01-01 2025-12-31 05142056 ns5:LandBuildings 2025-12-31 05142056 ns5:PlantMachinery 2025-12-31 05142056 ns5:LandBuildings 2024-12-31 05142056 ns5:PlantMachinery 2024-12-31 05142056 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 05142056 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 05142056 ns5:WithinOneYear 2025-12-31 05142056 ns5:WithinOneYear 2024-12-31 05142056 ns5:BetweenOneFiveYears 2025-12-31 05142056 ns5:BetweenOneFiveYears 2024-12-31 05142056 ns5:AllPeriods 2025-12-31 05142056 ns5:AllPeriods 2024-12-31 05142056 2 ns10:Director2 2024-12-31 05142056 2 ns10:Director2 2023-12-31 05142056 2 ns10:Director2 2025-01-01 2025-12-31 05142056 2 ns10:Director2 2024-01-01 2024-12-31 05142056 2 ns10:Director2 2025-12-31 05142056 2 ns10:Director2 2024-12-31 05142056 ns10:Director1 1 2024-12-31 05142056 ns10:Director1 1 2023-12-31 05142056 ns10:Director1 1 2025-01-01 2025-12-31 05142056 ns10:Director1 1 2024-01-01 2024-12-31 05142056 ns10:Director1 1 2025-12-31 05142056 ns10:Director1 1 2024-12-31

REGISTERED NUMBER: 05142056 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| VENDEASE LIMITED |

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| VENDEASE LIMITED |

COMPANY INFORMATION

for the Year Ended 31 December 2025

| DIRECTORS: | D F Berman

| J M Holmes

| SECRETARY: | J M Holmes

| REGISTERED OFFICE: | Unit 14

| Cranleigh Mews

| London

| SW11 2QL

| REGISTERED NUMBER: | 05142056 (England and Wales)

| ACCOUNTANTS: | Hillier Hopkins Accountants Limited

| Trading as Colin Gray & Co

| Radius House

| 51 Clarendon Road

| Watford

| Hertfordshire

| WD17 1HP

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1 |  | 1 |  |

Tangible assets | 5 | 1,072,501 |  | 1,095,056 |  |

1,072,502 |  | 1,095,057 |  |

CURRENT ASSETS

Stocks | 188,440 |  | 104,952 |  |

Debtors | 6 | 294,457 |  | 263,174 |  |

Cash at bank and in hand | 808,412 |  | 319,772 |  |

1,291,309 |  | 687,898 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 7 | 1,334,172 |  | 807,181 |  |

NET CURRENT LIABILITIES | (42,863 | ) | (119,283 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,029,639 |  | 975,774 |  |

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | 8 | (176,402 | ) | (273,169 | ) |

PROVISIONS FOR LIABILITIES | (223,158 | ) | (219,174 | ) |

NET ASSETS | 630,079 |  | 483,431 |  |

CAPITAL AND RESERVES

Called up share capital | 30,000 |  | 30,000 |  |

Retained earnings | 600,079 |  | 453,431 |  |

SHAREHOLDERS' FUNDS | 630,079 |  | 483,431 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

BALANCE SHEET - continued

31 December 2025

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 29 June 2026 and were signed on its behalf by:

J M Holmes - Director

D F Berman - Director

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Vendease 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.

| Goodwill

| Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and subsequently measured at cost less accumulated amoritisation and accumulated impairment losses.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of the assets less residual values over their useful lives on the following bases :

| Land and building Leasehold |  | Over the remaining life of the lease |  |

| Plant and machinery |  | 2 - 15 years straight line |  |

| Fixtures,fittings and equipment |  | 3 - 5 years straight line |  |

| Motor vehicles |  | 5 years straight line |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset,and is credited to profit or loss.

| At each reporting period end date,the company reviews the carrying amount of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.If any such indication exits,the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| 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.

| 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.

| 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.

| 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.

| 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.

| 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.

| Pension costs and other post-retirement benefits

| 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Leases

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 22 (2024 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1 |  |

| At 31 December 2024 | 1 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 14,352 |  | 1,843,539 |  | 1,857,891 |  |

| Additions | 19,289 |  | 121,668 |  | 140,957 |  |

| Disposals | - |  | (19,013 | ) | (19,013 | ) |

| At 31 December 2025 | 33,641 |  | 1,946,194 |  | 1,979,835 |  |

| DEPRECIATION

| At 1 January 2025 | 14,352 |  | 748,483 |  | 762,835 |  |

| Charge for year | 2,143 |  | 161,369 |  | 163,512 |  |

| Eliminated on disposal | - |  | (19,013 | ) | (19,013 | ) |

| At 31 December 2025 | 16,495 |  | 890,839 |  | 907,334 |  |

| NET BOOK VALUE

| At 31 December 2025 | 17,146 |  | 1,055,355 |  | 1,072,501 |  |

| At 31 December 2024 | - |  | 1,095,056 |  | 1,095,056 |  |

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 20,014 |  | 3,621 |  |

| Other debtors | 274,443 |  | 259,553 |  |

294,457 |  | 263,174 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 14,167 |  | 49,556 |  |

| Trade creditors | 526,779 |  | 331,803 |  |

| Taxation and social security | 326,597 |  | 160,403 |  |

| Other creditors | 466,629 |  | 265,419 |  |

1,334,172 |  | 807,181 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 14,167 |  |

| Other creditors | 176,402 |  | 259,002 |  |

176,402 |  | 273,169 |  |

9. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 61,425 |  | 61,425 |  |

| Between one and five years | 10,238 |  | 71,663 |  |

71,663 |  | 133,088 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase and leases | 259,002 |  | 322,044 |  |

| VENDEASE LIMITED (REGISTERED NUMBER: 05142056) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| D F Berman

| Balance outstanding at start of year | 23,500 |  | 19,950 |  |

| Amounts advanced | - |  | 23,500 |  |

| Amounts repaid | (23,500 | ) | (19,950 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 23,500 |  |

| J M Holmes

| Balance outstanding at start of year | 23,500 |  | 19,950 |  |

| Amounts advanced | - |  | 23,500 |  |

| Amounts repaid | (23,500 | ) | (19,950 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 23,500 |  |