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Registered number: 13737373 Monin UK Limited Financial statements Information for filing with the registrar For the year ended 31 December 2025
Monin UK Limited Registered number: 13737373 Balance sheet As at 31 December 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors |  | 66,278 |  | 32,648 |
Cash at bank and in hand | 5 | 1,174,480 |  | 805,339 |
|  | 1,240,758 |  | 837,987 |
Creditors: amounts falling due within one year | 6 | (142,947) |  | (380,462) |
Net current assets |  |  | 1,097,811 |  | 457,525
Net assets |  |  | 1,097,811 |  | 457,525
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1,000 |  | 1,000
Profit and loss account | 9 |  | 1,096,811 |  | 456,525
|  |  | 1,097,811 |  | 457,525
The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
T Gergov
Director
Date: 2 July 2026
The notes on pages 3 to 10 form part of these financial statements. Page 1
Monin UK Limited Statement of changes in equity For the year ended 31 December 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2023 | 1,000 | 645,303 | 646,303
Comprehensive income for the year |  |  |
Profit for the year | - | 778,460 | 778,460
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (967,238) | (967,238)
At 1 January 2025 | 1,000 | 456,525 | 457,525
Comprehensive income for the year |  |  |
Profit for the year | - | 640,286 | 640,286
At 31 December 2025 | 1,000 | 1,096,811 | 1,097,811
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Monin UK Limited Notes to the financial statements For the year ended 31 December 2025
1. | General information
Monin UK Limited is a private company limited by shares and registered in England & Wales. Its registered office and principal place of business is at 6 Hoxton Square, London, England, N1 6NU. The principal activity of the company during the period was that of providing management consulting to the french parent company for the marketing and sale of market leading Monin branded beverage products. 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 Section 1A of Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006. The financial statements are presented to the nearest pound. The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 101 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions from IFRS in accordance with FRS 101: ∙the requirements of IFRS 7 Financial Instruments: Disclosures ∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement ∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of: - paragraph 79(a)(iv) of IAS 1; ∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements ∙the requirements of IAS 7 Statement of Cash Flows ∙the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures ∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member Page 3
Monin UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.3 | New standards, amendments and interpretations adopted by the Company
During the current period, the Company adopted all the new and revised standards, amendments and interpretations that are relevant to its operations and are effective for periods beginning on or after 1 January 2024. This adoption did not have a material effect on the accounting policies of the Company.
| Standard | Impact on initial application | Effective date
| IAS 21 | Amendments to IAS 21 - Lack of Exchangeability The amendments have been made to clarify: When a currency is exchangeable into another currency and how a company estimates a spot rate when a currency lacks exchangeability. | 1 January 2025
| 2.4 | New standards, amendments and interpretations not yet adopted by the Company
The standards and interpretations that are relevant to the Company, issued, but not yet effective, up to the date of financial statements have been evaluated by the directors and they do not consider that there will be a material impact of transition of the financial statements.
| Standard | Impact on initial application | Effective date
| IFRS 9 and IFRS 7 | Amendment to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments These amendments: Clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; Clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;Add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and Make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). | 1 January 2026 (early adoption permitted)
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Monin UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| IFRS 18 | Presentation and Disclosure in Financial Statements This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: The structure of the statement of profit or loss;Required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity’s financial statements (that is, management-defined performance measures); and Enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. | 1 January 2027 (early adoption permitted)
| 2.5 | Going concern
The Company's financial statements are prepared on a going concern basis. Monin UK Limited shows a positive net profit four years in a row which started in 2022, year of incorporation. The Budget 2026 and the 3 years business plan are promising with a steady performance of turnover as well as net profit.
| 2.6 | Foreign currency translation
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. Non-monetary 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. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 5
Monin UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.7 | Revenue
Revenue is generated from the provision of management consulting services to the French parent company. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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: The Company has contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the Company adjusts the transaction prices of these contracts for the time value of money. Rendering of services Revenue from providing services is recognised in the accounting period in which the services are rendered.
| 2.8 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | Creditors
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
| 2.12 | 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. Page 6
Monin UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.13 | Taxation
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 operates and generates income.
| 2.14 | Financial instruments
Financial assets and liabilities are initially recognised at fair value plus any directly attributable transactions costs. Financial assets and liabilities at fair value through profit and loss are recognised at fair value and any transactions are recorded in profit or loss. At each financial reporting date, the Company assessed whether there is any objective evidence that any financial asset is impaired. Financial assets and liabilities are recognised in the Company’s statement of financial position when the Company becomes a party to the contractual provisions of the financial assets or liabilities. Financial assets and liabilities are derecognised from the statement of financial position when the Company’s contractual rights to the cash flow expire or the Company transfer substantially all the risks and rewards of the financial asset. Financial liabilities are derecognised from the Company’s statement of financial position when the obligation specified in the contract is discharged, cancelled or expires. i. Trade and other receivables Receivables are measured at amortised cost using the effective interest method, less any impairment. Interest income is recognised by applying the effective interest rate, except for shot-term receivables when the recognition of interest would be immaterial. ii. Cash and cash equivalents Cash and cash equivalents include cash in hand, bank accounts, deposits receivable on demand and deposits with maturity dates of three months or less from the date of inception. Bank overdrafts that are repayable on demand and which form an integral part of the Company’s cash management are also included as a component of cash and cash equivalents where offset conditions are met. iii. Trade and other payables Trade and other payables are non-derivative financial liabilities and are measured at amortised cost using the effective interest method. Trade and other payables with no stated interest rate are measured at the original invoice amount if the effect of discounting is immaterial. iv. Offsetting Financial assets and liabilities are offset and the net amount reported in the statement of financial position only where there is a legally enforceable right to offset the recognised amounts and there is an intention to either settle on a net basis, or to realise the asset and settle the liability simultaneously. v. Effective interest method The effective interest method is a method of calculating the amortised cost of a financial instrument and of allocating interest over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash flows through the expected life of the financial instrument, or, where appropriate, a shorter period. Page 7
Monin UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.
4. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 1,114,601 | 802,099
| Social security costs | 138,645 | 95,972
| Cost of defined contribution scheme | 19,343 | 17,459
|  | 1,272,589 | 915,530
| The average monthly number of employees, including directors, during the year was 20 (2024 - 13).
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,174,480 | 805,339
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,053 | 223,263
| Corporation tax | 94,561 | 139,600
| Other creditors | 23,834 | -
| Accruals and deferred income | 22,499 | 17,599
|  | 142,947 | 380,462
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Monin UK Limited Notes to the financial statements For the year ended 31 December 2025
7. | Financial Risk management Objectives and Policies
a) Credit Risk All customers who wish to trade on credit are subject to credit verification checks. Customer balances are checked regularly to ensure that the risk of exposure to bad debts is minimised. b) Liquidity risk The directors have the responsibility of liquidity risk management. The directors monitor and maintain a level of bank and cash balances deemed adequate to mitigate the effects of fluctuations in cash flows. The directors monitor rolling forecasts of the Company's liquidity requirements to ensure it has sufficient cash to meet operational needs while maintaining sufficient headroom on its banking facilities at all times. Surplus funds held over that required for working capital purposes are placed on short term deposit. The Company's financial liabilities all mature within one year. c) Market risk The Company's main exposure to risk is through foreign currency exchange rates. The Company transacts the majority of its business in Pounds Sterling, and non-sterling trade is not significant to the Company's risk profile d) Foreign currency risk The Company transacts the majority of its business in Pounds Sterling. Foreign exchange risk arises from the occasional need to purchase US Dollars or Euros to pay certain trade expenses. The amounts concerned are not significant to the Company's risk profile and the Company does not hold any significant non-Sterling balances at the period end.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,000 (2024 - 1,000) ordinary shares of £1.00 each | 1,000 | 1,000
9. | Reserves
Profit and loss account This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. Share capital This represents the nominal value for shares that have been issued by the company. Page 9
Monin UK Limited Notes to the financial statements For the year ended 31 December 2025
10. | Pension commitments
The company operates a defined contribution 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 paid by the company to the fund and amounted to £19,343 (2024: £17,459). Contributions of £Nil were payable to the fund at 31 December 2025 (2024: £Nil).
11. | Related party transactions
| The company has taken advantage of the exemption provided by paragraphs 17 and 18A of IAS 24 Related Party Disclosures of Financial Reporting Standard 101 from disclosing related party transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
12. | Post balance sheet events
There have been no significant events affecting the Company since the year end.
13. | Controlling party
The company is controlled by its majority shareholder. The smallest group in which the results of the company are consolidated is Georges Monin SAS, a private company incorporated in France, Its registered office address is 5 Rue Ferdinand de Lesseps 18000, Bourges, Centre Val de Loire, France and consolidated accounts are not publicly available. The largest group in which the results of the company are consolidated is Groupe Monin SAS, a private company incorporated in France, and consolidated accounts are not publicly available. The company's immediate parent undertaking is Georges Monin SAS, a company incorporated in France, whose registered office address is 5 Rue Ferdinand de Lesseps, Bourges, France, 1800. The ultimate controlling party is Groupe Monin SAS, a company incorporated in France.
14. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 2 July 2026 by Anne Dwyer BSc (Hons) FCA (Senior statutory auditor) on behalf of Kreston Reeves Audit LLP.
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