Revero Foods Limited (formerly Icoffee Greenland Road Limited) Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05241873

Revero Foods Limited (formerly Icoffee Greenland Road Limited)

Filleted Abridged Financial Statements

28 December 2025

Revero Foods Limited (formerly Icoffee Greenland Road Limited)

Abridged Financial Statements

Period from 30 December 2024 to 28 December 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	2

Revero Foods Limited (formerly Icoffee Greenland Road Limited)

Abridged Statement of Financial Position

28 December 2025

	28 Dec 25		29 Dec 24
Note	£	£	£

Fixed Assets

Investments	5		35,349,879	–

Current Assets

Debtors	2,269,913	1,301
Cash at bank and in hand	400,026	3,444
	------------	-------
	2,669,939	4,745

Creditors: amounts falling due within one year	38,019,682		7,879
	-------------		-------
Net Current Liabilities		35,349,743	3,134
		-------------	-------
Total Assets Less Current Liabilities		136	( 3,134)
		----	-------
Net Assets/(Liabilities)		136	( 3,134)
		----	-------

Capital and Reserves

Called up share capital	7	8	8
Profit and loss account		128	( 3,142)
		----	-------
Shareholders Funds/(Deficit)		136	( 3,134)
		----	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 28 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 30 September 2026 , and are signed on behalf of the board by:

Dr K B Patel

Director

Company registration number: 05241873

Revero Foods Limited (formerly Icoffee Greenland Road Limited)

Notes to the Abridged Financial Statements

Period from 30 December 2024 to 28 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is QFM House, 10 Brightside Lane, Sheffield, S9 3YE.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity. Change of reporting period The financial statements cover the period from 30 December 2024 to 28 December 2025, however, in order to maintain alignment with the wider group, which changed reporting dates to align with the brands, the prior financial period covered an extended 15-month period from 1 October 2023 to 29 December 2024. Due to this, the figures within the financial statements for the period ended 28 December 2025 are not entirely comparable with the prior financial year to 29 December 2024. Accounting reference date The company year end is 31 December 2025 (2024: 31 December 2024), however it has taken advantage of the provisions in section 390 of the Companies Act 2006 which allow the company to make accounts up to a date within seven days of the accounting reference date. The company operates its management reporting in four weekly periods and consequently these financial statements are made up to the 28 December 2025 (2024: 29 December 2024).

Going concern

The company has net liabilities at the balance sheet date. There is no current trade within the company, however the financial statements have not been adjusted to reflect a non-going concern status as no alterations would be required as a result. The directors and parent company continue to support the company as necessary.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

4. Employees and directors

The average number of employees during the year was NIL (2023: NIL)

5. Investments

	£
Cost
At 30 December 2024	–
Additions	35,349,879
	-------------
At 28 December 2025	35,349,879
	-------------
Impairment
At 30 December 2024 and 28 December 2025	–
	-------------
Carrying amount
At 28 December 2025	35,349,879
	-------------

6. Contingent liabilities

The bank holds, as security, a fixed charge and a floating debenture over the company's assets in respect of any amounts drawn down on group borrowing facilities and the cross guarantee.

The company's bankers hold an unlimited composite guarantee dated 11 April 2019 (and subsequently updated) between this company and Intracave Limited, Fieldrose Limited, Mulcroft Limited, S.P.Q. Ltd., Northgate Fast Food Limited, Queenscourt Limited, Chicken Villas Limited, Brightside Foods Limited and Tanaan Holdings Limited.

The bank also holds security over certain shares held by the directors.

The total net sum due to the bank by all parties to the guarantee amounted to £29,859,723 (2024: £35,829,057) at the balance sheet date.

7. Called up share capital

Issued, called up and fully paid

	28 Dec 25		29 Dec 24
	No.	£	No.	£
Ordinary shares of £ 1 each	8	8	8	8
	----	----	----	----

8. Summary audit opinion

The auditor's report dated 30 September 2026 was unqualified .

The senior statutory auditor was David Waining FCA , for and on behalf of SMH Mitchells .

9. Related party transactions

During the period the company received loans from related parties. The balances at 28 December 2025 were as follows:

	2025	2024
	£	£
Amounts owed to entities holding a controlling interest	(29,440,247)	(6,746)
Amounts owed to entities where hold a controlling interest	(8,582,617)	–
Amounts owed by entities where hold a controlling interest	2,268,612	–
Amounts owed to entities under common control	(42)	–
Amounts owed to other related parties	–	(383)

All other transactions with these and other related parties were under normal market conditions. The company has taken advantage of the exemptions conferred by FRS 102 relating to the requirement to make disclosures on transactions concerning other group companies. Details of guarantees given in respect of entities under the common control of the directors are shown in the contingent liabilities note to the accounts.

10. Controlling party

The company is consolidated into the accounts of its UK parent company, Tanaan Holdings Limited, a company incorporated in England and Wales. Consolidated financial statements can be obtained from the company's registered office; QFM House, 10 Brightside Lane, Sheffield, S9 3YE. The directors consider the ultimate parent company to be Tarabhay Holdings Limited, a company registered in the Abu Dhabi Global Market with registered number 24940 and a registered office of 3520ResCo-work04, 35, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.