Company registration number: 11050914
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Islands Chocolate Limited
Pages for filing with the Registrar
Company registration number: 11050914
Islands Chocolate Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 4,800 9,600
Tangible assets 5 26,229 47,208
31,029 56,808
Current assets
Stocks 1,263,861 1,180,307
Debtors 1,565,722 1,545,821
Cash at bank and in hand 143,352 91,231
2,972,935 2,817,359
Creditors: amounts falling due within one year
6 (585,091) (279,373)
Net current assets 2,387,844 2,537,986
Total assets less current liabilities 2,418,873 2,594,794
Creditors: Amounts falling due after more than one year
7 (3,919,655) (3,416,726)
NET LIABILITIES (1,500,782) (821,932)
Capital and reserves
Called up share capital 2,024 2,024
Share premium account 1,353,626 1,353,626
Profit and loss account (2,856,432) (2,177,582)
TOTAL EQUITY (1,500,782) (821,932)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11050914
Islands Chocolate Limited
Balance sheet - continued
as at 31 December 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 August 2026 and signed on its behalf by:
Mr H Marriott, Director
31 August 2026
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Islands Chocolate Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Islands Chocolate Limited is a private company registered in England and Wales. Its registered number is 11050914. The company is limited by shares. Its registered office is Unit 16, 2 Linford Street, London, SW8 4AB.
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 historic cost convention.
Going concern
The accounts have been prepared on a going concern basis. After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to maintain operational existence for the foreseeable future. Furthermore, they have expressed their willingness to continue supporting the business and have no intention of calling in the loans they have advanced, which totalled £2,008,597 on 31 December 2025, as disclosed in note 8. Subsequent to the year end, the company concluded a restructuring of the loans totalling £1,911,058 shown in note 8 as "Other creditors” with reduced interest terms and a deferral of repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Software - 20% straight line
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.
Leasehold Improvements:
Leasehold Improvements - 20% straight line
Plant and machinery etc.:
Plant and machinery - 20% straight line
Fixtures & fittings - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line
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Islands Chocolate Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 18 (2024 - 13).
4 Intangible assets
Other intangible assets

£
Cost
At 1 January 2025 24,000
At 31 December 2025 24,000
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Islands Chocolate Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Intangible assets - continued
Amortisation
At 1 January 2025 14,400
Charge for year 4,800
At 31 December 2025 19,200
Net book value
At 31 December 2025 4,800
At 31 December 2024 9,600
5 Tangible fixed assets
Leasehold Improvemen ts

Plant and machinery etc.

Totals
£ £ £
Cost
At 1 January 2025 71,296 101,139 172,435
Additions - 7,407 7,407
At 31 December 2025 71,296 108,546 179,842
Depreciation
At 1 January 2025 47,494 77,733 125,227
Charge for year 14,259 14,127 28,386
At 31 December 2025 61,753 91,860 153,613
Net book value
At 31 December 2025 9,543 16,686 26,229
At 31 December 2024 23,802 23,406 47,208
6 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 340,838 250,897
Other creditors 205,989 5,910
Social security and other tax 32,106 20,766
Accruals and deferred income 6,158 1,800
585,091 279,373
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Islands Chocolate Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Amounts owed to directors 2,008,597 1,109,537
Other creditors 1,911,058 2,307,189
3,919,655 3,416,726
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