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Registered number: 02875749 BRITA VIVREAU LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
BRITA VIVREAU LIMITED CONTENTS
| Page
Company information | 1
Strategic report | 2 - 5
Directors' report | 6
Directors' responsibilities statement | 7
Independent auditor's report | 8 - 11
Profit and loss account | 12
Balance sheet | 13
Statement of changes in equity | 14
Statement of cash flows | 15
Notes to the financial statements | 16 - 34
BRITA VIVREAU LIMITED COMPANY INFORMATION
Directors | Mr M R Hankammer
| Mr N Whitfield
| Dr D J Hall
Registered number | 02875749
Registered office | BRITA House
| 9 Granville Way
| Bicester
| Oxfordshire
| OX26 4JT
Independent auditor | Blick Rothenberg Audit LLP
| Chartered Accountants & Statutory Auditor
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1 -
BRITA VIVREAU LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Introduction
The directors present their strategic report for the year ended 31 December 2025.
Business review
The results of the Company for the year, as set out on page 12, show a profit before tax for the year of £767,742 (2024: £512,719). Turnover was £15,705,119 (2024 £15,687,792). 2025 was an exciting transformational year for BRITA Vivreau. In May 2025 the Company announced plans to transform both the management structure of the Company and to relocate the office. The transformation was designed to align BRITA Vivreau more closely with BRITA Water Filter Systems, housing all 3 BRITA business units in the UK under one roof, strengthening the BRITA UK team culture and enabling all UK businesses to grow together. Changes to the management structure were implemented in 2025 and, following a consultation process with employees, the physical office move to Bicester took place on 1 April 2026. Already the Company is seeing benefits form the transformation in the early months of 2026. From a Financial perspective, despite recording restructuring provisions in 2025, the company posted a solid financial performance with Turnover in line with 2024. Reductions in cost of goods, primarily from Group companies, and in third party labour costs drove an increase in the Gross Profit Margin to 54.7% (2024: 49.1%), with Gross Profit of £8.6m (2024: £7.7m). Restructuring costs and provisions led to an increase in Administrative expenses to £8.2m (2024: £7.6m), partly offsetting the improvement in Gross Profit, but overall the Company returned an increase in Operating Profit, delivering £910k Operating Profit (2024: £618k). Principal risks and uncertainties The Company finances its activities with the cash it generates. Other financial assets and liabilities, such as trade debtors and trade creditors, arise directly from the Company’s operations. The majority of transactions in the Company are conducted in Sterling, however certain suppliers trade with the Company in Euros and US Dollars. The main financial risk to which the company is exposed is credit risk. The Company’s credit risk covers a wide spectrum, from large corporates to small independent businesses. The Company manages its cash in order to ensure that at any point the Company has sufficient liquid resources to meet the needs of the business. Standard credit control procedures are applied with regular checks on payment history and checks to ensure credit-worthiness using credit reference agencies. The Company has no third party borrowings and is able to borrow funds from its immediate parent company BRITA SE, which is willing and able to provide support. The Company understands its duty of care to secure and protect the Health & Safety of its employees and to reduce the environmental impact of its operations. The safety of our employees is paramount to our continued success and any shortfalls could carry significant reputational and legal risks. There are a number of businesses that provide products that are similar to those of the Company. The market and activities of other participants are regularly reviewed to ensure that the strategies and offerings of current and potential competitors are understood. Both qualitative and quantitative research is undertaken to ensure that our products continue to meet the needs of our customers whilst retaining a competitive position in the market with the mid-term goal to become the market leader in the premium water dispenser segment in the UK. Page 2 -
BRITA VIVREAU LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Financial key performance indicators
The Company monitors its progress by reference to a number of KPI’s, including: Turnover 2025: £15,705,119 2024: £15,687,792 Change: 0% Gross margin 2025: 55% 2024: 49% Change: +6 ppt Operating profit 2025: £910,535 2024: £618,285 Change: 47% KPI’s are monitored at monthly management meetings and as part of the regular forecasting and planning activities as well as at the quarterly business reviews with the BRITA Group and the BRITA Regional Management EMEA. Principal activity The principal activity of the Company during the year continued to be that of the supply of water dispensing machines and the provision of bottle printing services. Directors' statement of compliance with duty to promote the success of the company Employees BRITA is a family-owned business and sees family values and the wellbeing of its employees as key to its future success. BRITA’s values of Thinking in Generations, Trust & Respect, Diversity, Result-orientation, Agility, Accountability and Personal Development are used to empower individuals and teams to deliver outstanding customer service, to both external and internal customers. We believe this is best achieved by an engaged and motivated workforce, working in a stimulating and challenging but supportive environment. The Chairman of the Group and UK Executive Boards, Markus Hankammer is a member of the family which owns BRITA Group and is also Group Chief Executive and actively engages with BRITA employees across the globe in this capacity. The other UK Board members are employed in managerial capacities in the UK business and as such engage daily with UK members of staff, including those of BRITA Vivreau and its sister company BRITA Water Filter Systems Ltd. Regular surveys are undertaken to capture employee engagement amongst the UK workforce probing areas such as feelings on leadership, management and communication, amongst others. The last full survey was in 2024 and a full survey will be conducted in 2026. Results of the survey are presented to the senior management team who communicates the results to their relevant departments. The Board feel this reflects the effort the company makes to have an open dialogue with its employees as well as the support it provides to them through its range of employee benefits, ongoing leadership and management training programmes. We are confident that 2025 will continue to show a positive trend in employee engagement. Page 3 -
BRITA VIVREAU LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Directors' statement of compliance with duty to promote the success of the company (continued)
Personal Development Plans and our focus on our High Performing Organisation programme help to address any issues or improvement areas raised through the Employee Survey. These are discussed at a Senior Management and departmental level and actions are identified and worked on for the following year. Communication with employees is aided by monthly whole business Info-shares, departmental team meetings and one to one’s. Issues can be raised with line managers or confidentially with HR or in accordance with the escalation policy laid out in the BRITA Group Code of Conduct. BRITA Vivreau is part of the global “BRITA Vital” program, providing another forum through which employees can make their voice heard. This team generates ideas for the employee engagement program focusing on topics such as sustainability & wellbeing (incl. health) events and charitable activities that support the wider community and the environment. This is in line with our BRITA 2025 Strategy (“Shaping Sustainable Solutions”), which has sustainability as the focus for the BRITA Group development. Taken together these enable a healthy dialogue between the Board, senior management and the wider work force, where matters can be raised, and concerns addressed. Customers and Consumers BRITA has always sought to form partnerships with its customers and work in collaboration sharing knowledge and expertise to change the way we drink water sustainably. BRITA Vivreau supplies water dispensing machines to a number of sectors, including HORECA, Corporate, Education, Healthcare and Resellers. The sales team work with their customers to understand their business strategies and align the right products and services to achieve the customers objectives and fulfil their needs. Working with the marketing team, the sales team keep up to date with key insights and trends in the market to ensure they are recognised as strategic partners with our customers. Detailed reporting of the sales we make to our customers is available to Senior Management. Wider Community and the environment As a business we deal with water for personal consumption and as such sustainability and environmental protection is central to our core beliefs. We work to a flexible hybrid working model and our engineering team, who travel to and from the various sites they work on, walk where possible in London, and have switched to electric or hybrid vehicles where they can. BRITA encourages employees to vote for and support charities of their choice. At the moment these are Michael Sobell Hospice and Tiny Hearts Barnsley (local charities). Employees find ingenious ways to raise funds through sponsored and other events as well as being supported by company donations. Suppliers The major supplier to BRITA Vivreau is its immediate parent company BRITA SE which is also responsible for maintaining the most important third-party supplier relationships for the Group as a whole. Through and with BRITA Group we work to ensure products are ethically sourced and manufactured and that suppliers are treated fairly. Page 4 -
BRITA VIVREAU LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 This report was approved by the board and signed on its behalf.
Dr D J Hall Director
Date: 21 July 2026
Page 5 -
BRITA VIVREAU LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors present their report and the financial statements for the year ended 31 December 2025.
Results and dividends
The profit for the year, after taxation, amounted to £573,221 (2024 - £371,319). No dividends were declared or paid in the financial year (2024: £nil).
Directors
The directors who served during the year were:
Mr M R Hankammer
Mr N Whitfield
Dr D J Hall
Matters covered in the Strategic report
As permitted by s414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the 'Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008', in the strategic report.
Disclosure of information to auditor
Each of the persons who are directors at the time when this directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information. This report was approved by the board and signed on its behalf.
Dr D J Hall Director
Date: 21 July 2026
Page 6 -
BRITA VIVREAU LIMITED DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 7 -
BRITA VIVREAU LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED FOR THE YEAR ENDED 31 DECEMBER 2025
Opinion
We have audited the financial statements of BRITA Vivreau Limited (the 'Company') for the year ended 31 December 2025, which comprise the profit and loss account, the balance sheet, the statement of cash flows, the statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 8 -
BRITA VIVREAU LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement set out on page 7, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 9 -
BRITA VIVREAU LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ∙the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; ∙we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's sector; ∙we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental (including Alcumus SafeContractor accreditation) and health and safety legislation; ∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and ∙identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: ∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and ∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: ∙performed analytical procedures to identify any unusual or unexpected relationships; ∙tested a sample of journal entries to identify unusual transactions; ∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and ∙investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: ∙agreeing financial statement disclosures to underlying supporting documentation; ∙reading the minutes of meetings of those charged with governance; ∙enquiring of management as to actual and potential litigation and claims; and ∙reviewing correspondence with HMRC. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Page 10 -
BRITA VIVREAU LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Thomas Dickinson (senior statutory auditor) for and on behalf of Blick Rothenberg Audit LLP Chartered Accountants Statutory Auditor 16 Great Queen Street Covent Garden London WC2B 5AH Date: 21 July 2026 Page 11 -
BRITA VIVREAU LIMITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 15,705,119 | 15,687,792
Cost of sales |  | (7,115,499) | (7,992,546)
Gross profit |  | 8,589,620 | 7,695,246
Administrative expenses |  | (8,241,817) | (7,560,288)
Other operating income | 5 | 562,732 | 483,327
Operating profit | 6 | 910,535 | 618,285
Interest receivable and similar income | 8 | 176 | 5,112
Interest payable and similar expenses | 9 | (142,969) | (110,678)
Profit before tax |  | 767,742 | 512,719
Tax on profit | 10 | (194,521) | (141,400)
Profit for the financial year |  | 573,221 | 371,319
There are no items of other comprehensive income for either the year or the prior year other than the profit for the year. Accordingly, no statement of other comprehensive income has been presented.
Page 12 -
BRITA VIVREAU LIMITED BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 11 |  | 817,303 |  | 822,724
Tangible assets | 12 |  | 4,170,407 |  | 4,615,138
|  |  | 4,987,710 |  | 5,437,862
Current assets |  |  |  |  |
Stocks | 13 | 2,036,818 |  | 1,658,763 |
Debtors: amounts falling due after more than one year | 14 | 286,863 |  | 90,422 |
Debtors: amounts falling due within one year | 14 | 4,852,445 |  | 3,930,166 |
Cash at bank and in hand | 15 | 1,163,051 |  | 918,639 |
|  | 8,339,177 |  | 6,597,990 |
Creditors: amounts falling due within one year | 16 | (6,481,411) |  | (5,822,913) |
Net current assets |  |  | 1,857,766 |  | 775,077
Total assets less current liabilities |  |  | 6,845,476 |  | 6,212,939
Creditors: amounts falling due after more than one year | 17 |  | (1,509,349) |  | (1,506,320)
Provisions for liabilities |  |  |  |  |
Deferred tax | 18 |  | (66,864) |  | (10,577)
Net assets |  |  | 5,269,263 |  | 4,696,042
Capital and reserves |  |  |  |  |
Called up share capital | 19 |  | 202 |  | 202
Share premium account | 20 |  | 14,881 |  | 14,881
Profit and loss account | 20 |  | 5,254,180 |  | 4,680,959
Total equity |  |  | 5,269,263 |  | 4,696,042
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Dr D J Hall
Director
Date: 21 July 2026
The notes on pages 16 to 34 form part of these financial statements. Page 13 -
BRITA VIVREAU LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 January 2024 | 202 | 14,881 | 4,309,640 | 4,324,723
Profit for the year | - | - | 371,319 | 371,319
At 1 January 2025 | 202 | 14,881 | 4,680,959 | 4,696,042
Profit for the year | - | - | 573,221 | 573,221
At 31 December 2025 | 202 | 14,881 | 5,254,180 | 5,269,263
| The notes on pages 16 to 34 form part of these financial statements.
Page 14 -
BRITA VIVREAU LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 573,221 | 371,319
Adjustments for: |  |
Amortisation of intangible assets | 152,922 | 56,090
Depreciation of tangible assets | 1,546,189 | 1,507,664
Loss on disposal of tangible assets | 68,399 | 113,912
Interest paid | 142,969 | 110,678
Interest received | (176) | (5,112)
Taxation charge | 194,521 | 141,400
(Increase) in stocks | (1,349,382) | (2,099,465)
(Increase) in debtors | (204,065) | (181,973)
(Increase) in amounts owed by groups | (878,138) | (1,474,165)
Increase in creditors | 612,850 | 432,557
Corporation tax (paid) | (126,243) | (21,514)
Net cash generated from operating activities | 733,067 | (1,048,609)
Cash flows from investing activities |  |
Purchase of intangible fixed assets | (147,501) | (754,475)
Purchase of tangible fixed assets | (198,361) | (368,598)
Interest received | 176 | 5,112
Net cash from investing activities | (345,686) | (1,117,961)
Cash flows from financing activities |  |
New loans from group companies | - | 2,500,000
Interest paid | (142,969) | (110,678)
Net cash used in financing activities | (142,969) | 2,389,322
Net increase in cash and cash equivalents | 244,412 | 222,752
Cash and cash equivalents at beginning of year | 918,639 | 695,887
Cash and cash equivalents at the end of year | 1,163,051 | 918,639
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 1,163,051 | 918,639
| 1,163,051 | 918,639
Page 15 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
BRITA Vivreau Limited is a private company limited by shares and registered in England and Wales. The Company's registered office and principal place of business is BRITA House, 9 Granville Way, Bicester, Oxfordshire, OX26 4JT. The financial statements are presented in Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The Company relies on its ultimate parent company, BRITA SE, for product supply. In view of this, the Directors have confirmed that BRITA SE intends to supply products to the Company for a period of at least 12 months from the date of the approval of these financial statements. At the balance sheet date the Company had loans outstanding totalling £2.5m with its ultimate parent company, £1m of which was settled in the post balance sheet period. The company has received a letter of support confirming the remaining loan amounts (as described in note 17) will not be recalled. After considering these factors, including the financial and operational ability of the company to continue as a going concern, the directors have reasonable expectation that the Company has adequate resources to continue its operational existence for the foreseeable future. Page 16 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
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: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Revenue from the outright sale of equipment is recognised when the goods leave our warehouse. Equipment rental revenue is recognised on a straight line basis over the period of each rental contract. The directors consider these to be operating leases. Revenue from annual service contracts is recognised on a straight line basis over the period of each contract. Page 17 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | 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 profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.5 | Operating leases: the Company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
| 2.6 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.7 | Leased assets: the Company as lessor
Where assets leased to a third party give rights approximating to ownership (finance lease), the lessor recognises as a receivable an amount equal to the net investment in the lease i.e. the minimum lease payments receivable under the lease discounted at the interest rate implicit in the lease. This receivable is reduced as the lessee makes capital payments over the term of the lease. A finance lease gives rise to two types of income: profit or loss equivalent to the profit or loss resulting from outright sale of the asset being leased, at normal selling prices, reflecting any applicable discounts, and finance income over the lease term. Page 18 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.9 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.10 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.11 | 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 19 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.12 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.13 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Software licenses | - |  | 12.5% Straight line
| 2.14 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management being the labour costs of installation and freight. Page 20 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | Straight line over the lease term
|  |  |  | Plant and machinery | - | 20% Straight line
|  |  |  | Fixtures, fittings and equipment | - | 20-33% Straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.15 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.16 | 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. In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.
| 2.17 | Share capital
Ordinary shares are classified as equity. Page 21 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.18 | Financial instruments
The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 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. The Company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Page 22 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
|  | Financial instruments (continued)
Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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. Page 23 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
In the application of the Company’s accounting policies, which are described in note 2, the following judgements and key estimates have been made by the directors: Stock provisioning The carrying value of stock, at the lower of cost and net realisable value, is dependent on key judgements and estimates that are made by management. The judgements relating to stock include an estimation of future demand for products and expected average sales prices. These judgements also include consideration of specific factors and the development and availability of other stock lines in the market. Actual outcomes could be different to the assumptions used in determining the estimates. Estimated useful life of tangible fixed assets At the date of capitalising tangible fixed assets, the Company estimates the useful economic life of the asset based on management’s judgement and experience. Due to the significance of the capital investment to the Company, variance between actual and estimated useful economic lives could impact results both positively and negatively. Recoverability of the deferred tax asset The Company has recognised a deferred tax asset as disclosed in note 18 to the financial statements. The directors have assessed that this asset will be recoverable based on the cashflow forecasts and budgets for future periods.
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Equipment sales | 3,283,094 | 3,183,822
| Equipment rental | 7,565,639 | 7,685,523
| Bottles and caps | 1,191,710 | 1,311,117
| Servicing | 1,226,501 | 1,207,925
| Service contracts | 2,125,974 | 1,998,160
| Spare parts | 291,049 | 282,385
| Carriage out | 21,152 | 18,860
|  | 15,705,119 | 15,687,792
Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 15,263,738 | 15,242,860
| Overseas | 441,381 | 444,932
|  | 15,705,119 | 15,687,792
Page 24 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Other operating income
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other operating income | 562,732 | 483,327
| Other operating income comprises recharges to fellow group entities.
6. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Audit fees payable to the company's auditor | 37,350 | 36,575
| Non-audit fees payable to the company's auditor | 8,900 | 7,400
| Exchange differences | (341) | 1,928
| Other operating lease rentals | 901,655 | 726,262
| Depreciation of tangible fixed assets | 1,546,189 | 1,507,664
| Amortisation of intangible fixed assets | 152,922 | 56,090
| Defined contribution pension cost | 338,107 | 313,708
Page 25 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Employees
| Staff costs were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 6,816,938 | 6,279,261
| Cost of defined contribution scheme | 338,107 | 313,708
|  | 7,155,045 | 6,592,969
| Included above is remuneration for key management personnel totalling £341,131 (2024: £258,401). Directors remuneration for 2025 was £nil (2024: £nil) as the directors of the Company are remunerated through other Group entities.
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Director | 3 | 3
|  | Sales | 19 | 21
|  | Administration | 40 | 43
|  | Engineer | 42 | 42
|  | Warehouse and Bottle Printing | 11 | 11
|  |  | 115 | 120
8. | Interest receivable and similar income
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 176 | 5,112
9. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loans from group undertakings | 142,969 | 104,466
| Other interest payable | - | 6,212
|  | 142,969 | 110,678
Page 26 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 138,234 | 41,970
| Adjustments in respect of previous periods | - | (139,883)
| Total current tax | 138,234 | (97,913)
| Deferred tax |  |
| Origination and reversal of timing differences | 56,287 | 239,313
| Tax on profit | 194,521 | 141,400
| Factors affecting tax charge for the year
| The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 767,742 | 512,719
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 191,936 | 128,180
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 2,295 | 332
| Capital allowances for year in excess of depreciation | (73,097) | (115,020)
| Adjustments to tax charge in respect of prior periods | - | (139,883)
| Book (profit)/loss on fixed asset disposals | 17,100 | 28,478
| Other differences leading to an increase (decrease) in the tax charge | 56,287 | 239,313
| Total tax charge for the year | 194,521 | 141,400
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 27 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Intangible assets
|  | Assets under development | Software licences | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 754,475 | 169,736 | 924,211
| Additions | - | 147,501 | 147,501
| Intra-group transfers | (754,475) | 754,475 | -
| Disposals | - | (94,551) | (94,551)
| At 31 December 2025 | - | 977,161 | 977,161
| Amortisation |  |  |
| At 1 January 2025 | - | 101,487 | 101,487
| Charge for the year | - | 152,922 | 152,922
| On disposals | - | (94,551) | (94,551)
| At 31 December 2025 | - | 159,858 | 159,858
| Net book value |  |  |
| At 31 December 2025 | - | 817,303 | 817,303
| At 31 December 2024 | 754,475 | 68,249 | 822,724
| Intangible assets under development shown above related to service management software. The software was launched in January 2025 and amortisation began from that date.
Page 28 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 January 2025 | 383,675 | 8,794,839 | 597,759 | 9,776,273
| Additions | 3,414 | 1,099,262 | 67,012 | 1,169,688
| Disposals | - | (1,034,356) | (25,041) | (1,059,397)
| At 31 December 2025 | 387,089 | 8,859,745 | 639,730 | 9,886,564
| Depreciation |  |  |  |
| At 1 January 2025 | 278,525 | 4,522,272 | 360,338 | 5,161,135
| Charge for the year | 45,980 | 1,412,612 | 87,428 | 1,546,020
| Disposals | - | (965,957) | (25,041) | (990,998)
| At 31 December 2025 | 324,505 | 4,968,927 | 422,725 | 5,716,157
| Net book value |  |  |  |
| At 31 December 2025 | 62,584 | 3,890,818 | 217,005 | 4,170,407
| At 31 December 2024 | 105,150 | 4,272,567 | 237,421 | 4,615,138
| Included in the above is plant and machinery leased on operating leases to third parties at a net book value of £3,890,649 (2024: £4,272,567).
13. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 2,036,818 | 1,658,763
| There is no significant difference between the replacement cost of the stock and its carrying amount.
Page 29 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Finance lease receivable | 286,863 | 90,422
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 2,891,275 | 3,069,397
| Amounts owed by group undertakings | 1,378,150 | 451,504
| Other debtors | 182,674 | 189,944
| Prepayments and accrued income | 345,783 | 197,759
| Finance lease receivable | 54,563 | 21,562
|  | 4,852,445 | 3,930,166
| Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand. In respect of amounts shown above in finance lease receivables the company's gross investment in the leases entered into as lessor, including unearned interest, were: 2025 Amounts receivable within one year: £67,509 Amounts receivable later than one year and not later than five years: £242,503 Amounts receivable later than five years: £61,445 Total: £371,457 2024 Amounts receivable within one year: £21,566 Amounts receivable later than one year and not later than five years: £78,085 Amounts receivable later than five years: £12,998 Total: £112,649
15. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,163,051 | 918,639
Page 30 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
16. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 851,400 | 799,208
| Amounts owed to group undertakings | 1,102,818 | 1,054,310
| Other taxation and social security | 677,594 | 661,067
| Other creditors | 49,037 | 45,024
| Accruals and deferred income | 3,800,562 | 3,263,304
|  | 6,481,411 | 5,822,913
| Amounts owed to group undertakings includes an unsecured loan of £1,000,000 from the Company's parent, BRITA SE, which bears interest at SONIA +1.5% and was repaid on 21 January 2026. The remaining amounts owed to group undertakings represent accrued interest.
17. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 1,500,000 | 1,500,000
| Accruals and deferred income | 9,349 | 6,320
|  | 1,509,349 | 1,506,320
| Amounts owed to group undertakings represents an unsecured loan from the Company's parent, BRITA SE, which bears interest at SONIA +1.5% and is repayable on 16 May 2027.
18. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (10,577)
| Utilised in year | (56,287)
| At end of year | (66,864)
Page 31 -
BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 18.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | (77,830) | (21,833)
| Other short term timing differences | 10,966 | 11,256
|  | (66,864) | (10,577)
19. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 10,200 (2024 - 10,200) Ordinary A shares of £0.01 each | 102 | 102
|  | 100 (2024 - 100) Ordinary B shares of £1.00 each | 100 | 100
|  |  | 202 | 202
| The Ordinary A shares carry all voting rights, rights to dividends and rights to the distribution of assets upon winding up of the Company. The Ordinary B Shares carry the rights to dividends, but carry no voting rights, and no rights to the distribution of assets upon winding up of the Company, other than the payment of amounts paid up on the Ordinary B shares in preference to any distribution to the holders of Ordinary A shares.
20. | Reserves
Share premium account Share premium has been recognised on the issue of Ordinary A shares. Profit and loss account The Profit and loss account consists of fully-distributable reserves.
21. | Analysis of net debt
|  | At 1 January 2025 | Cash flows | At 31 December 2025
|  | £ | £ | £
| Cash at bank and in hand | 918,639 | 244,412 | 1,163,051
| Debt due after 1 year | (1,500,000) | - | (1,500,000)
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BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
22. | Pension commitments
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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £338,107 (2024: £313,708). Contributions totalling £43,866 (2024: £45,024) were payable to the fund at the balance sheet date and are included in creditors.
23. | Major non-cash transactions
Included within purchase of tangible fixed assets is plant and machinery of £971,327 (2024: £1,915,000) relating to self-constructed assets reallocated from stock.
24. | Operating lease income
| At 31 December 2025 the Company was due to receive future operating lease income as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Minimum operating lease income |  |
| Within one year | 4,734,562 | 4,758,458
| Between one and five years | 7,276,996 | 8,339,733
| Over five years | - | 19,940
| Total | 12,011,558 | 13,118,131
| Amounts disclosed above do not include income receivable under expired rental agreements that are subsequently continued on a rolling basis.
25. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 396,067 | 506,184
| Later than 1 year and not later than 5 years | 178,907 | 392,970
|  | 574,974 | 899,154
26. | Related party transactions
| The Company has taken advantage of the exemption available under FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly-owned part of the Group. As at the balance sheet date, the Company owed £1,224,668 (2024: £2,102,806) to fellow group companies.
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BRITA VIVREAU LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
27. | Post balance sheet events
On 15 May 2025 the Company announced the intention to exit the Uxbridge office and relocate the BRITA Vivreau office to BRITA House in Bicester, where the Consumer and Professional Business units are based. The move is expected to take place in Q2 2026. Relocation to Bicester will unify all BRITA UK businesses in one location, behind one powerful brand and culture, providing the best opportunities for shared learning, innovation, collaboration and career development.
28. | Controlling party
The ultimate controlling party of BRITA Vivreau Limited during the current and preceding year was BRITA SE by virtue of its 100% shareholding. The controlling party of BRITA SE during the current and preceding year was Hanvest Holding GmbH, a company incorporated in Germany.
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