REGISTERED NUMBER: 09753890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ERGON FOODS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Douzis

Mr G Douzis

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

09753890 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

1,731,342

87,054

Investments

5

51

51

1,731,393

87,105

CURRENT ASSETS

Stocks

6

63,011

53,543

Debtors

7

628,715

1,028,086

Cash at bank and in hand

2,482,976

456,980

3,174,702

1,538,609

CREDITORS

Amounts falling due within one year

8

1,683,209

1,528,247

NET CURRENT ASSETS

1,491,493

10,362

TOTAL ASSETS LESS CURRENT LIABILITIES

3,222,886

97,467

CREDITORS

Amounts falling due after more than one year

9

(1,217,153

)

(4,167

)

PROVISIONS FOR LIABILITIES

11

(19,945

)

-

NET ASSETS

1,985,788

93,300

CAPITAL AND RESERVES

Called up share capital

12

1,823,300

93,300

Retained earnings

162,488

-

SHAREHOLDERS' FUNDS

1,985,788

93,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

Mr G Douzis - Director

1.	STATUTORY INFORMATION

Ergon Foods Limited 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 amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the term of lease

Assets under construction

-

in accordance with the property

Plant and machinery

-

25% straight line

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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 30 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Assets

Short

under

Plant and

leasehold

construction

machinery

£

£

£

COST

At 1 January 2025

47,517

-

26,883

Additions

68,606

1,577,303

14,431

At 31 December 2025

116,123

1,577,303

41,314

DEPRECIATION

At 1 January 2025

37,580

-

8,818

Charge for year

4,378

-

10,329

At 31 December 2025

41,958

-

19,147

NET BOOK VALUE

At 31 December 2025

74,165

1,577,303

22,167

At 31 December 2024

9,937

-

18,065

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

127,705

10,684

212,789

Additions

9,411

560

1,670,311

At 31 December 2025

137,116

11,244

1,883,100

DEPRECIATION

At 1 January 2025

70,028

9,309

125,735

Charge for year

10,063

1,253

26,023

At 31 December 2025

80,091

10,562

151,758

NET BOOK VALUE

At 31 December 2025

57,025

682

1,731,342

At 31 December 2024

57,677

1,375

87,054

Assets under construction comprise capital expenditure incurred in relation to the development of two new sites, Ermou Taverna in James Street and Ergon House in Covent Garden. Neither site was available for use at the year end and, accordingly, no depreciation has been charged on these assets.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

51

NET BOOK VALUE

At 31 December 2025

51

At 31 December 2024

51

The company holds all of the Ordinary B shares in Ergon Middle East Limited, representing 51% of the company's total issued share capital.

6.

STOCKS

31.12.25

31.12.24

£

£

Stocks

63,011

53,543

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

52,461

72,461

Other debtors

385,310

909,459

Prepayments

190,944

46,166

628,715

1,028,086

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 10)

4,167

10,000

Trade creditors

685,497

291,962

Tax

61,288

71,344

Social security and other taxes

20,307

14,148

Pension control

2,714

2,206

Net wages

44,482

40,326

VAT

43,784

44,691

Shareholder loan

352,668

352,668

Amount owed to related party

-

187,615

Directors' current accounts

441,451

441,451

Accrued expenses

26,851

71,836

1,683,209

1,528,247

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 10)

-

4,167

Amounts owed to parent undertakings

1,217,153

-

1,217,153

4,167

The amount owed to the parent undertaking relates to a long-term loan provided to support the development of the Ergon House project in Covent Garden.

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

4,167

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

4,167

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

19,945

-

Deferred

tax

£

Provided during year

19,945

Balance at 31 December 2025

19,945

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,730,100

Ordinary

1

1,730,100

100

100

Ordinary B

920

92,000

92,000

1,200

Ordinary C

1

1,200

1,200

1,823,300

93,300

1,730,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year to support the company's expansion and development of new sites.