Company registration number 13815611 (England and Wales)
TASTE MERCHANTS (GROUP) LTD
Unaudited financial statements
For the year ended 28 February 2026
Pages for filing with registrar
TASTE MERCHANTS (GROUP) LTD
CONTENTS
Page
Balance sheet
1
TASTE MERCHANTS (GROUP) LTD
BALANCE SHEET
As at 28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
754,112
754,112
Investments
6
595,440
595,440
1,349,552
1,349,552
Current assets
Debtors
8
20
20
Cash at bank and in hand
652
668
672
688
Creditors: amounts falling due within one year
9
(593,922)
(593,922)
Net current liabilities
(593,250)
(593,234)
Net assets
756,302
756,318
Capital and reserves
Called up share capital
595,460
595,460
Profit and loss reserves
160,842
160,858
Total equity
756,302
756,318

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 July 2026 and are signed on its behalf by:
Mr C A Hawgood
Director
Company registration number 13815611 (England and Wales)
TASTE MERCHANTS (GROUP) LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 28 February 2026
- 2 -
1
Accounting policies
Company information

Taste Merchants (Group) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 41, Mochdre Industrial Estate, Newtown, Powys, SY16 4LE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
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.

TASTE MERCHANTS (GROUP) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 3 -

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

Freehold land and buildings
none

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 or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TASTE MERCHANTS (GROUP) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 4 -
1.7
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 of 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 assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 paymen ts 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. A m ounts 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 the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

TASTE MERCHANTS (GROUP) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
0
0
4
Dividends
2026
2025
£
£
Interim paid
376,165
359,605
5
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 March 2025 and 28 February 2026
754,112
Depreciation and impairment
At 1 March 2025 and 28 February 2026
-
0
Carrying amount
At 28 February 2026
754,112
At 28 February 2025
754,112
6
Fixed asset investments
2026
2025
Notes
£
£
Investments in subsidiaries
7
595,440
595,440
TASTE MERCHANTS (GROUP) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
- 6 -
7
Subsidiaries

Details of the company's subsidiaries at 28 February 2026 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Taste Merchants Ltd
41 Mochdre Industrial Park, Newtown, Powys
Ordinary shares
100.00
8
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
20
20
9
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings
593,922
593,922
2026-02-28 2025-03-01 false false false 06 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr G F Hawgood Rosemary Hawgood Mr C A Hawgood Mr D J Hawgood Mr N J Hawgood Mr D P Hawgood 13815611 2025-03-01 2026-02-28 13815611 2026-02-28 13815611 2025-02-28 13815611 core:LandBuildings core:OwnedOrFreeholdAssets 2026-02-28 13815611 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 13815611 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 13815611 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 13815611 core:ShareCapital 2026-02-28 13815611 core:ShareCapital 2025-02-28 13815611 core:RetainedEarningsAccumulatedLosses 2026-02-28 13815611 core:RetainedEarningsAccumulatedLosses 2025-02-28 13815611 bus:Director3 2025-03-01 2026-02-28 13815611 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 13815611 2024-03-01 2025-02-28 13815611 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 13815611 core:Non-currentFinancialInstruments 2026-02-28 13815611 core:Non-currentFinancialInstruments 2025-02-28 13815611 core:Subsidiary1 2025-03-01 2026-02-28 13815611 core:Subsidiary1 1 2025-03-01 2026-02-28 13815611 core:CurrentFinancialInstruments 2026-02-28 13815611 core:CurrentFinancialInstruments 2025-02-28 13815611 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 13815611 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 13815611 bus:FRS102 2025-03-01 2026-02-28 13815611 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 13815611 bus:Director1 2025-03-01 2026-02-28 13815611 bus:Director2 2025-03-01 2026-02-28 13815611 bus:Director4 2025-03-01 2026-02-28 13815611 bus:Director5 2025-03-01 2026-02-28 13815611 bus:Director6 2025-03-01 2026-02-28 13815611 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP