JKT Foods Europe Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

JKT Foods Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10588805 . The registered office is The Old Rectory Main Street, Glenfield, Leicester, LE3 8DG.

2. Accounting Policies

2.1. Basis of Preparation of 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. The principal accounting policies adopted in the preparation of the financial statements are set out below. The accounting policies have been consistently applied within the financial statements.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trade marks and patents.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	18%
Computer Equipment	25%

2.5. Stocks and Work in Progress

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

2.6. 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 statement of financial position 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 trade and other receivables 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.

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, including trade and other payables, 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 receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

...CONTINUED

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JKT Foods Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Financial Instruments - continued

Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

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

2.7. 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.

2.8. 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.

2.9. Pensions

The company operates a deined contribution pension scheme. Contributions payable to the company's pension schemem are charged to profit or loss in the period to which they relate.

2.10. Cash and cash equivalents

Cash and cash equivalents 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	1,500

As at 31 December 2025	1,500

Net Book Value
As at 31 December 2025	1,500

As at 1 January 2025	1,500

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JKT Foods Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	1,071	456	1,527

As at 31 December 2025	1,071	456	1,527

Depreciation
As at 1 January 2025	1,071	228	1,299
Provided during the period	-	114	114

As at 31 December 2025	1,071	342	1,413

Net Book Value
As at 31 December 2025	-	114	114

As at 1 January 2025	-	228	228

6. Stocks

	2025	2024
	£	£
Finished goods	1,243,503	1,004,174

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	799,813	536,323
Other debtors	14,946	17,947

	814,759	554,270

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	826,978	86,121
Other loans	11,773	23,646
Other creditors	21,373	25,812
Taxation and social security	104,395	172,772

	964,519	308,351

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,000	10,000

Allotted, issued and fully paid 1,000 ordinary shares in £10 nominal value each.

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JKT Foods Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Ultimate Controlling Party

The company's ultimate controlling party is JKT Foods Europe BV by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,500		1,500
Tangible Assets	5		114		228

			1,614		1,728
CURRENT ASSETS
Stocks	6	1,243,503		1,004,174
Debtors	7	814,759		554,270
Cash at bank and in hand		2,808,289		2,338,753

		4,866,551		3,897,197
Creditors: Amounts Falling Due Within One Year	8	(964,519 )		(308,351 )

NET CURRENT ASSETS (LIABILITIES)			3,902,032		3,588,846

TOTAL ASSETS LESS CURRENT LIABILITIES			3,903,646		3,590,574

NET ASSETS			3,903,646		3,590,574

CAPITAL AND RESERVES
Called up share capital	9		10,000		10,000
Profit and Loss Account			3,893,646		3,580,574

SHAREHOLDERS' FUNDS			3,903,646		3,590,574