REGISTERED NUMBER: 04108006 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Pioneers UK Limited

T/A

Costa Coffee

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G N Abuaita

P G A Abuaita

REGISTERED OFFICE:

Arden House

25 The Courtyard

Gorsey Lane

Coleshill

West Midlands

B46 1JA

REGISTERED NUMBER:

04108006 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCA FCCA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Intangible assets

5

69,927

88,829

Tangible assets

6

1,280,534

1,375,222

1,350,461

1,464,051

CURRENT ASSETS

Stocks

87,339

73,767

Debtors

7

2,247,870

2,538,982

Cash at bank and in hand

614,291

347,316

2,949,500

2,960,065

CREDITORS

Amounts falling due within one year

8

(593,185

)

(1,122,165

)

NET CURRENT ASSETS

2,356,315

1,837,900

TOTAL ASSETS LESS CURRENT LIABILITIES

3,706,776

3,301,951

PROVISIONS FOR LIABILITIES

11

(207,108

)

(217,039

)

NET ASSETS

3,499,668

3,084,912

CAPITAL AND RESERVES

Called up share capital

12

700,000

700,000

Retained earnings

2,799,668

2,384,912

SHAREHOLDERS' FUNDS

3,499,668

3,084,912

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

P G A Abuaita - Director

1.	STATUTORY INFORMATION

Pioneers UK 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Franchise fees are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost and 10% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 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 liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Going concern

The Directors have considered going concern in preparing these financial statements through review of the Company's financial position. It has been considered that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting has been adopted and no material uncertainties have been identified.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 204 (2024 - 237 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

238,520

Additions

5,000

Disposals

(5,000

)

At 31 December 2025

238,520

AMORTISATION

At 1 January 2025

149,691

Charge for year

23,902

Eliminated on disposal

(5,000

)

At 31 December 2025

168,593

NET BOOK VALUE

At 31 December 2025

69,927

At 31 December 2024

88,829

6.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2025

2,103,749

2,435,097

4,538,846

Additions

-

301,803

301,803

Disposals

-

(34,403

)

(34,403

)

At 31 December 2025

2,103,749

2,702,497

4,806,246

DEPRECIATION

At 1 January 2025

1,729,682

1,433,942

3,163,624

Charge for year

80,467

309,885

390,352

Eliminated on disposal

-

(28,264

)

(28,264

)

At 31 December 2025

1,810,149

1,715,563

3,525,712

NET BOOK VALUE

At 31 December 2025

293,600

986,934

1,280,534

At 31 December 2024

374,067

1,001,155

1,375,222

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,352

12,371

Amounts owed by group undertakings

2,016,354

2,208,623

Other debtors

221,164

317,988

2,247,870

2,538,982

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

370,353

446,723

Taxation and social security

142,983

554,550

Other creditors

79,849

120,892

593,185

1,122,165

9.	OPERATING LEASE COMMITMENTS

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

2025

2024

£

£

Within one year

460,727

547,799

Between one and five years

1,362,156

1,605,042

In more than five years

441,614

610,552

2,264,497

2,763,393

10.	FINANCIAL INSTRUMENTS

The company has provided together with its parent company an unlimited multilateral guarantee to HSBC Bank plc.

As of 31 December 2025, no provisions have been made for expected losses related to this guarantee, as the company does not anticipate any default.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

207,108

217,039

Deferred

tax

£

Balance at 1 January 2025

217,039

Credit to Profit and Loss Account during year

(9,931

)

Balance at 31 December 2025

207,108

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

700,000

Ordinary

£1

700,000

700,000

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

The Report of the Auditors was unqualified.

Susanna D Ault FCA FCCA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

14.	PENSION COMMITMENTS

As at 31 December 2025, there were outstanding pension contributions of £7,850 (2024: £13,608)

15.	RELATED PARTY DISCLOSURES

P G A Abuaita - Director

At 31 December 2025, a balance of £nil (2024: £1,273) was owed to the director. This was included in creditors due within one year.

16.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY