Company No: 14781960 (England and Wales)

Contents

• Directors' Report
• Statement of Financial Position
• Notes to the Financial Statements

The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 30 April 2026.

PRINCIPAL ACTIVITIES

The principal activity of the Company during the financial period was the provision of staff dining, catering and hospitality services to corporate clients.

GOING CONCERN

The directors have prepared the financial statements on the going concern basis. Further details are provided in the notes to the financial statements.

BUSINESS SUMMARY

During the year ending April 2026, PINCH continued to invest significantly in its people, systems, and operational excellence to support sustainable growth and strengthen its position as a leading hospitality and workplace dining service provider.

The business doubled its headcount to thirty-two employees, including Directors, reflecting continued expansion and investment in talent. Key strategic appointments included Jules Heckman Hughes as Creative and Sustainability Lead; Jules, a Senior Director, brings a wealth of creative expertise and knowledge of environmental practices to support our onsite teams and aid the retention process.

Simon Esner was appointed Chairman; Simon’s significant credentials in business development and client relationship building will generate momentum for growth and he will spearhead the development and acquisition of new clients for the business. Internal career progression was demonstrated through the promotion of Chris Gidden to Group Chef Manager.

Investment in employee development and wellbeing remained a priority. The company enhanced training capabilities through the MAPAL learning platform and implemented the Breathe HR system to streamline employee management, holiday and absence tracking, rotas, and timesheets. PINCH also strengthened its commitment to employee wellbeing through Mindful Employer accreditation and membership of Hospitality Action, providing employees with access to a comprehensive Employee Assistance Programme.

The business continued to reinforce its environmental and social responsibility initiatives. Through a partnership with Carma, trees are planted for every new employee recruited. Charitable support during the year focused on ‘Only A Pavement Away’, including a financial donation in place of client Christmas gifts, equipment donations supported by supply partner Lockhart, and participation in World Homeless Day initiatives.

Operational standards and compliance remained key areas of focus. PINCH invested in health, safety, and food hygiene systems through its partnership with Food Safety Guru, implementing cloud space, bespoke reporting, and monitoring processes. This was complemented by a programme of internal operating processes including customer feedback and attitudinal research, to drive continuous improvement across the business.

The company also maintained an active marketing programme, including campaigns such as “Fuel Not Feed”, “Feel Good Kitchen”, seasonal activations and “PINCH Proud”, helping to strengthen client engagement and brand awareness. Throughout the year, the team successfully supported and delivered a range of client events, demonstrating operational capability and service excellence.

Overall, the year was characterised by significant investment in people, infrastructure, wellbeing, compliance, and corporate responsibility, providing a strong platform for future growth and continued service excellence. Growth during the year was driven by two significant contract gains in January and April, which will double company turnover whilst further cementing our presence in London, the Home Counties and Cambridge, adding to the sites we have established in London and Newcastle.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

Simon Paul Esner	(Appointed 30 March 2026)
Sally Jones	(Appointed 30 March 2026)
Katy Elizabeth Thompson

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

Katy Elizabeth Thompson Director

44 Alleyn Road Dulwich
London
SE21 8AL
United Kingdom

17 September 2026

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	6,650		7,561
Tangible assets	4	9,633		8,733
		16,283		16,294
Current assets
Stocks		33,800		14,778
Debtors	5	171,727		47,549
Cash at bank and in hand		620,828		56,765
		826,355		119,092
Creditors: amounts falling due within one year	6	( 893,934)		( 236,351)
Net current liabilities		(67,579)		(117,259)
Total assets less current liabilities		(51,296)		(100,965)
Net liabilities		( 51,296)		( 100,965)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 51,396 )		( 101,065 )
Total shareholder's deficit		( 51,296)		( 100,965)

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pinch Food Ltd (registered number: 14781960) were approved and authorised for issue by the Board of Directors on 17 September 2026. They were signed on its behalf by:

Katy Elizabeth Thompson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pinch Food Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 44 Alleyn Road Dulwich, London, SE21 8AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £67,579. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	10 years straight line
Trademarks, patents and licences	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Office equipment	4 years straight line
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.

Financial assets and liabilities are only offset in the Statement of Financial Position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		15

3. Intangible assets

	Computer software		Trademarks, patents and licences		Total
	£		£		£
Cost
At 01 May 2025	7,250		1,860		9,110
At 30 April 2026	7,250		1,860		9,110
Accumulated amortisation
At 01 May 2025	1,208		341		1,549
Charge for the financial year	725		186		911
At 30 April 2026	1,933		527		2,460
Net book value
At 30 April 2026	5,317		1,333		6,650
At 30 April 2025	6,042		1,519		7,561

4. Tangible assets

	Plant and machinery		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 May 2025	6,940		1,618		3,161		11,719
Additions	0		381		3,641		4,022
At 30 April 2026	6,940		1,999		6,802		15,741
Accumulated depreciation
At 01 May 2025	1,703		708		575		2,986
Charge for the financial year	1,735		428		959		3,122
At 30 April 2026	3,438		1,136		1,534		6,108
Net book value
At 30 April 2026	3,502		863		5,268		9,633
At 30 April 2025	5,237		910		2,586		8,733

5. Debtors

	2026		2025
	£		£
Trade debtors	136,507		18,820
Amounts owed by directors	73		15
Prepayments and accrued income	31,840		981
Other debtors	3,307		27,733
	171,727		47,549

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	114,181		54,437
Amounts owed to Parent undertakings	626,679		98,758
Accruals and deferred income	45,182		3,850
Other taxation and social security	105,151		35,674
Other creditors	2,741		43,632
	893,934		236,351

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed by directors	73		15

The loan is interest free and has no fixed date for repayment.

As a wholly owned subsidiary company of parent undertakings, the company has taken advantage of the exemption in paragraph 1AC.35 of FRS102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.