Company No: 14941524 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	L Poggiali
	K Reghu (Appointed 01 April 2025)

REGISTERED OFFICE	7 Stratford Place
	London
	W1C 1AY
	United Kingdom

COMPANY NUMBER

14941524 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,471,753		898,895
		1,471,753		898,895
Current assets
Stocks		0		9,945
Debtors	4	104,941		92,255
Cash at bank and in hand		128,090		352,084
		233,031		454,284
Creditors: amounts falling due within one year	5	( 197,123)		( 142,065)
Net current assets		35,908		312,219
Total assets less current liabilities		1,507,661		1,211,114
Creditors: amounts falling due after more than one year	6	( 1,822,308)		( 1,445,529)
Net liabilities		( 314,647)		( 234,415)
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		( 315,647 )		( 235,415 )
Total shareholder's deficit		( 314,647)		( 234,415)

For the financial year ending 31 December 2025 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 Ooodles Finance Limited (registered number: 14941524) were approved and authorised for issue by the Board of Directors on 16 September 2026. They were signed on its behalf by:

L Poggiali 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

Ooodles Finance Limited (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 7 Stratford Place, London, W1C 1AY, 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 Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Revenue from leasing assets is recognized on a straight-line basis over the lease term, reflecting the period during which the company’s assets are made available for customer use. Lease income is recognized in the period to which it relates, ensuring that revenue is recorded in line with the performance obligations set forth in the lease agreement.

Revenue is measured at the fair value of the consideration received or receivable, net of any discounts, rebates, and excluding VAT. Where lease arrangements provide for payment on a deferred basis, the consideration receivable is discounted to present value if material.

Subscription revenue under flexible leasing terms is recognized in the month earned, corresponding to the period in which the asset is provided for use. This approach ensures that revenue reflects the economic benefits provided to the customer in each reporting period.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow the the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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.

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.

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 Balance Sheet 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	1,129,602		1,129,602
Additions	1,082,129		1,082,129
Disposals	( 209,546)		( 209,546)
At 31 December 2025	2,002,185		2,002,185
Accumulated depreciation
At 01 January 2025	230,707		230,707
Charge for the financial year	391,817		391,817
Disposals	( 92,092)		( 92,092)
At 31 December 2025	530,432		530,432
Net book value
At 31 December 2025	1,471,753		1,471,753
At 31 December 2024	898,895		898,895

4. Debtors

	2025		2024
	£		£
Trade debtors	100,624		62,763
Amounts owed by Group undertakings	0		7,846
Amounts owed by Parent undertakings	0		779
Other debtors	4,317		20,867
	104,941		92,255

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	92,732		67,754
Amounts owed to Group undertakings	0		528
Other creditors	104,391		73,783
	197,123		142,065

The directors consider that the carrying amount of trade payables approximates to their fair value.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,331,470		1,081,844
Other creditors	490,838		363,685
	1,822,308		1,445,529

Date of creation - 18/08/2023
Charge code - 1494 1524 0001
Persons entitled - Smart Lenders Asset Management
Brief description - Contains Fixed & Floating charge.
Floating charge covers all the property or undertaking of company.
Contains negative pledge.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

8. Related party transactions

At the year end the company was owed £Nil (2024 - £779) by Ooodles Group Limited, the ultimate parent company, in respect of an interest free loan which is repayable on demand.

At the year end the company owed £360,838 (2024 - £363,685) to Ooodles UK limited and £130,000 (2024 - £Nil) to Ooodles Group Limited, company under the common control, in respect of an interest free loan for the purchase of assets which is repayable on demand.

At the year end the company was owed £Nil (2024 - £7,846) to Ooodles UK Limited, a company under the common control, in respect of an interest free loan which is repayable on demand.

At the year end the company owed £Nil (2024 - £528) to Switch Rentals Limited, a company under the common control, in respect of an interest free loan which is repayable on demand.

9. Ultimate controlling party

Parent Company:

Ooodles Group Limited

7 Stratford Place, London, England, W1C 1AY