REGISTERED NUMBER: 05197292 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

CORNISH FRESH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G N Jones

REGISTERED OFFICE:

The Flat

Cornish Fresh

Mawgan Porth

Newquay

Cornwall

TR8 4BA

REGISTERED NUMBER:

05197292 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

1,300,322

1,345,663

CURRENT ASSETS

Stocks

43,795

54,494

Debtors

5

1,281

16,523

Cash at bank and in hand

308,757

264,837

353,833

335,854

CREDITORS

Amounts falling due within one year

6

650,716

668,556

NET CURRENT LIABILITIES

(296,883

)

(332,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,439

1,012,961

CREDITORS

Amounts falling due after more than one year

7

(30,150

)

(114,434

)

PROVISIONS FOR LIABILITIES

(36,433

)

(40,005

)

NET ASSETS

936,856

858,522

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

935,856

857,522

SHAREHOLDERS' FUNDS

936,856

858,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 July 2026 and were signed by:

G N Jones - Director

1.	STATUTORY INFORMATION

Cornish Fresh Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Straight line over 20 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance and 15% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 December 2024

1,146,535

87,106

17,024

Additions

-

-

-

Disposals

-

-

-

At 30 November 2025

1,146,535

87,106

17,024

DEPRECIATION

At 1 December 2024

-

27,594

4,725

Charge for year

-

4,356

1,845

Eliminated on disposal

-

-

-

At 30 November 2025

-

31,950

6,570

NET BOOK VALUE

At 30 November 2025

1,146,535

55,156

10,454

At 30 November 2024

1,146,535

59,512

12,299

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

244,549

109,329

49,837

1,654,380

Additions

5,027

-

4,169

9,196

Disposals

(179,529

)

-

(34,719

)

(214,248

)

At 30 November 2025

70,047

109,329

19,287

1,449,328

DEPRECIATION

At 1 December 2024

181,744

57,717

36,937

308,717

Charge for year

6,997

12,903

2,959

29,060

Eliminated on disposal

(158,347

)

-

(30,424

)

(188,771

)

At 30 November 2025

30,394

70,620

9,472

149,006

NET BOOK VALUE

At 30 November 2025

39,653

38,709

9,815

1,300,322

At 30 November 2024

62,805

51,612

12,900

1,345,663

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

and 30 November 2025

51,390

DEPRECIATION

At 1 December 2024

12,848

Charge for year

9,636

At 30 November 2025

22,484

NET BOOK VALUE

At 30 November 2025

28,906

At 30 November 2024

38,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

580

2,938

Other debtors

701

-

Tax

-

13,585

1,281

16,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

7,034

7,034

Trade creditors

28,910

56,842

Tax

28,754

-

Social security and other taxes

28,657

21,367

Other creditors

122,675

81,293

Directors' current accounts

432,832

500,251

Accrued expenses

1,854

1,769

650,716

668,556

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

30,150

37,770

Other creditors

-

76,664

30,150

114,434

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

37,184

-

Other creditors

75,000

151,664

112,184

151,664

The lender, Mr M Patel, has a legal charge over the freehold property known as King Pizza Restaurant, Mawgan Porth,Newquay TR8 4BA.

9.	RELATED PARTY DISCLOSURES

During the previous year the company purchased freehold property from the director for £550,000. This property is the commercial premises used by the company and the value was a market rate, as provided by Tom Neville BA (Hons) MRICS of Stratton Creber Commercial.

Up until the date of purchase, rent of £26,082 was paid to the director, with this rent being a commercial rate.

During the year the company incurred costs of £nil (2024 £40,000) from a company owned by the directors son for managerial services. This work was completed on standard commercial terms, with the amount paid being the market rate. At the year end, there was a balance of £nil (2024 £12,000) owed to the company and this shown within trade creditors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G N Jones.