REGISTERED NUMBER: 07810519 (England and Wales)

Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2025

for

KPFF Limited

Page

Company Information

1

Report of the Director

2

Report of the Accountants

4

Consolidated Income Statement

5

Consolidated Balance Sheet

6

Company Balance Sheet

8

Notes to the Consolidated Financial Statements

10

DIRECTOR:

N G Davis

REGISTERED OFFICE:

Units 3-6 Valley Business Park,

Valley Road

Birkenhead

CH41 7ED

REGISTERED NUMBER:

07810519 (England and Wales)

ACCOUNTANTS:

The Hampden Partnership Limited

Suite 102

No.1 Old Hall Street

Liverpool

Merseyside

L3 9HF

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The group's principal activities during the period continued to be the procurement, production and sale of frozen food products.

In the twelve months to 31 December 2025 the business continued to see a growth in turnover.

For 2026 the focus of the management team is on two main focus points:

The first is to utilise any surplus storage capacity at the facilities in Birkenhead by providing a logistics service to key customers. In the year ended 31 December 2025 we generated revenue from storage and handling of £875k. Since the year end the warehouse and coldstore are now at full capacity and we are invoicing in excess of £20k per week for logistics services with long-term contracts in place for both the Coldstore and Dry warehouse.

The second point of focus is to supply as many of our 200 frozen products into as many independent accounts as possible. As of December 2025, the business is supplying into over 3,250 stores, some direct and others through retailers central distribution networks or independent frozen wholesalers. The current customer base consists of: Nisa, Booker, Bestway / Batleys, Parfett's, Premier, Costcutter, Londis, Go Local, Budgens, Farmfoods, Spar Depots (Blakemore's, James Hall & CJ Lang), Butchers, Farm Shops, Factory Shops, Independent Discounters, etc..). The ultimate strategy of the business is to supply our products to over 20,000 independents.

Of the 200 frozen products we supply 60 are produced by other manufacturers around the world (China, Belgium, France, Germany, UK and Ireland) under our brands and distributed through our distribution centre in Birkenhead.

New product development is key to the growth and development of KPFF and this year saw the development and introduction of the UK's first range of Tapas Meals, as well as a range of Food Service Products. These meals are now available in over 2,000 stores and the Tapas Meals are also available for home delivery having developed the appropriate packaging

We have capacity to pack over half a million packs per week, and also Co-pack frozen products for some large Frozen Food Wholesalers for both the retail and foodservice markets.

Our strategy for 2025 is simple, keep improving the range of products packed in our facility in Birkenhead including both the products packed under our own brands and the products packed by other manufacturers around the world for us. In addition, to this we will continue to open more customer accounts and increase distribution.

DIRECTOR

N G Davis held office during the whole of the period from 1 January 2025 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N G Davis - Director

23 March 2026

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2025 set out on pages five to sixteen and you consider that the company and the group are exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

The Hampden Partnership Limited

Suite 102

No.1 Old Hall Street

Liverpool

Merseyside

L3 9HF

23 March 2026

TURNOVER

9,294,858

11,320,034

Cost of sales

7,068,669

8,272,707

GROSS PROFIT

2,226,189

3,047,327

Administrative expenses

1,877,471

2,567,814

348,718

479,513

Other operating income

11,187

21,799

OPERATING PROFIT

4

359,905

501,312

Interest receivable and similar income

44

309

359,949

501,621

Interest payable and similar expenses

75,381

34,925

PROFIT BEFORE TAXATION

284,568

466,696

Tax on profit

(14,240

)

(29,668

)

PROFIT FOR THE FINANCIAL YEAR

298,808

496,364

Profit attributable to:

Owners of the parent

298,808

496,364

FIXED ASSETS

Intangible assets

6

1,883,374

972,440

Tangible assets

7

610,220

779,754

Investments

8

10,241

10,241

2,503,835

1,762,435

CURRENT ASSETS

Stocks

1,839,633

2,282,735

Debtors

9

1,137,547

1,030,415

Cash at bank and in hand

115,682

51,174

3,092,862

3,364,324

CREDITORS

Amounts falling due within one year

10

2,479,078

2,599,339

NET CURRENT ASSETS

613,784

764,985

TOTAL ASSETS LESS CURRENT LIABILITIES

3,117,619

2,527,420

CREDITORS

Amounts falling due after more than one year

11

(607,665

)

(403,634

)

PROVISIONS FOR LIABILITIES

(395,000

)

(257,640

)

NET ASSETS

2,114,954

1,866,146

CAPITAL AND RESERVES

Called up share capital

1,195,303

1,195,303

Retained earnings

919,651

670,843

2,114,954

1,866,146

The company and the group are 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 and the group 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 director acknowledges his responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 March 2026 and were signed by:

N G Davis - Director

FIXED ASSETS

Intangible assets

6

1,883,374

972,440

Tangible assets

7

606,748

775,124

Investments

8

10,241

10,241

2,500,363

1,757,805

CURRENT ASSETS

Stocks

1,729,633

2,183,855

Debtors

9

1,153,678

1,150,151

Cash at bank and in hand

112,333

49,356

2,995,644

3,383,362

CREDITORS

Amounts falling due within one year

10

2,457,385

2,593,242

NET CURRENT ASSETS

538,259

790,120

TOTAL ASSETS LESS CURRENT LIABILITIES

3,038,622

2,547,925

CREDITORS

Amounts falling due after more than one year

11

(607,665

)

(403,634

)

PROVISIONS FOR LIABILITIES

(395,000

)

(257,640

)

NET ASSETS

2,035,957

1,886,651

CAPITAL AND RESERVES

Called up share capital

1,193,802

1,193,802

Retained earnings

842,155

692,849

2,035,957

1,886,651

Company's profit for the financial year

199,306

374,073

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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 March 2026 and were signed by:

N G Davis - Director

1.	STATUTORY INFORMATION

KPFF 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 General 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 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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and Amortised over period of lease

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 Consolidated Income Statement, 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.

Deferred tax

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of the stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 65 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 9 (2024 - 11 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.10.23

Year Ended

to

31.12.25

31.12.24

£

£

Depreciation - owned assets

181,273

213,313

Development costs amortisation

118,840

89,978

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Other

intangible

assets

£

COST

At 1 January 2025

1,188,400

Additions

1,029,774

At 31 December 2025

2,218,174

AMORTISATION

At 1 January 2025

215,960

Charge for year

118,840

At 31 December 2025

334,800

NET BOOK VALUE

At 31 December 2025

1,883,374

At 31 December 2024

972,440

Company

Other

intangible

assets

£

COST

At 1 January 2025

1,188,400

Additions

1,029,774

At 31 December 2025

2,218,174

AMORTISATION

At 1 January 2025

215,960

Charge for year

118,840

At 31 December 2025

334,800

NET BOOK VALUE

At 31 December 2025

1,883,374

At 31 December 2024

972,440

7.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 January 2025

2,527,393

Additions

11,739

At 31 December 2025

2,539,132

DEPRECIATION

At 1 January 2025

1,747,639

Charge for year

181,273

At 31 December 2025

1,928,912

NET BOOK VALUE

At 31 December 2025

610,220

At 31 December 2024

779,754

Company

Plant and

machinery

etc

£

COST

At 1 January 2025

2,503,140

Additions

11,739

At 31 December 2025

2,514,879

DEPRECIATION

At 1 January 2025

1,728,016

Charge for year

180,115

At 31 December 2025

1,908,131

NET BOOK VALUE

At 31 December 2025

606,748

At 31 December 2024

775,124

8.	FIXED ASSET INVESTMENTS

Group

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

10,241

NET BOOK VALUE

At 31 December 2025

10,241

At 31 December 2024

10,241

Company

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

10,241

NET BOOK VALUE

At 31 December 2025

10,241

At 31 December 2024

10,241

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Oops! Clearance Limited

Registered office: United Kingdom

Nature of business: Retail Outlet

%

Class of shares:

holding

Ordinary Shares

100.00

Wm Kellett (Formby) Limited

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

£

£

£

Trade debtors

730,143

657,257

730,143

657,257

Amounts owed by group undertakings

9,942

-

7,825

135,169

Other debtors

397,462

373,158

415,710

357,725

1,137,547

1,030,415

1,153,678

1,150,151

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

£

£

£

Bank loans and overdrafts

103,487

105,416

103,487

105,416

Hire purchase contracts

25,135

31,533

25,135

31,533

Trade creditors

1,626,274

1,805,807

1,625,854

1,805,808

Amounts owed to associates

18,195

18,195

18,195

18,195

Taxation and social security

(150,822

)

33,022

(169,288

)

30,964

Other creditors

856,809

605,366

854,002

601,326

2,479,078

2,599,339

2,457,385

2,593,242

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

£

£

£

Bank loans

389,083

-

389,083

-

Hire purchase contracts

18,582

35,644

18,582

35,644

Other creditors

200,000

367,990

200,000

367,990

607,665

403,634

607,665

403,634

12.	SECURED DEBTS

The following secured debts are included within creditors:

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

£

£

£

Hire purchase contracts

43,717

67,177

43,717

67,177

Bank loans

490,583

114,327

490,583

114,327

-

-

312,850

-

534,300

181,504

847,150

181,504

The bank loan is secured by a fixed and floating charge over the assets of the company and the hire purchase creditor by a charge over the relevant assets.