Street Food Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Street Food Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13560281 . The registered office is Fabrica, 269 Great Ancoats Street, Manchester, M4 7DB.

The company is the parent of a small group and has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare group accounts. These financial statements present information about the company as an individual undertaking and not about its group.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis, which the directors consider appropriate for the reasons set out below.

The company is the holding company of the Street Food group, whose trading subsidiaries are Edinburgh Street Food Limited and Manchester Street Food Limited. The company does not trade in its own right. Its costs are mainly central group costs, including directors' remuneration and professional fees. It is funded mainly by repayments of amounts owed to it by its subsidiaries and by equity raised from shareholders.

For the year ended 31 August 2026 the company made a loss of £515,374. At the balance sheet date it held cash of £3,415, against creditors falling due within one year of £100,992. The company therefore depends on cash generated within the group to meet its liabilities as they fall due.

At 31 August 2026 it had net assets of £1,101,906. The directors have assessed the recoverability of the £695,003 owed by MSF against MSF's trading forecasts and available facilities. The company does not require repayment of this balance within the next twelve months to meet its own obligations. The directors consider the balance to be recoverable over the longer term and no impairment has been recognised.

The directors have prepared cash flow forecasts for the company and the group covering the period to August 2027.

On this basis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements, and they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management 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 subsidiary company.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

Straight line 25%

Page 3

Page 4

Street Food Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets are initially recognised at transaction price. This includes trade and other debtors, cash and bank balances, and amounts owed by group undertakings. If the arrangement constitutes a financing transaction, they are instead measured at the present value of the future receipts, discounted at a market rate of interest. They are subsequently carried at amortised cost using the effective interest method.

Amounts owed by group undertakings are interest free and repayable on demand. They are therefore measured at the undiscounted amount of cash expected to be received.

2.6. Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity, in which case it is recognised there.

Current tax is the amount of tax payable in respect of the taxable profit for the year or prior years. It is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences.

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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Deferred tax balances are not discounted.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 September 2025	-
Additions	1,707

As at 31 August 2026	1,707

...CONTINUED

Page 4

Page 5

Street Food Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

Depreciation
As at 1 September 2025	-
Provided during the period	332

As at 31 August 2026	332

Net Book Value
As at 31 August 2026	1,375

As at 1 September 2025	-

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2025	10,102

As at 31 August 2026	10,102

Provision
As at 1 September 2025	-

As at 31 August 2026	-

Net Book Value
As at 31 August 2026	10,102

As at 1 September 2025	10,102

Investments in subsidiary undertakings are measured at cost less any accumulated impairment losses. Investments are reviewed for impairment at each reporting date where there are indicators that the carrying amount may not be recoverable.

Subsidiary undertakings

£100 is owed to MSF for unpaid share capital.

The company holds shares in the following subsidiary undertakings:

Edinburgh Street Food Ltd (SC670053) Scotland Ordinary 100% Operation of a street food venue

Manchester Street Food Ltd (SC790009) Scotland Ordinary 100% Development of a street food venue (pre-trading)

The aggregate capital and reserves and the profit or loss of the subsidiary undertakings for their last financial year were:

Edinburgh Street Food Ltd: Capital & Reserves: 744,391, Profit: 861,071

Manchester Street Food Ltd: Capital & Reserves: (89,874), Loss: (17,970)

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	6,279	16,250
Due after more than one year
Amounts owed by group undertakings	1,181,727	1,009,984

	1,188,006	1,026,234

Page 5

Page 6

Street Food Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	7,487	9,663
Other loans	-	80,817
Other creditors	71,264	3,548
Taxation and social security	22,241	28,377

	100,992	122,405

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	48,706	46,628

Classes and numbers: 485,064 A Ordinary at 10p and 200 B Ordinary at £1;

Shares allotted in the year: 20,784 shares for total consideration of £202,669;

Non-cash consideration: £40,000 by loan conversion.

Page 6

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,375		-
Investments	5		10,102		10,102

			11,477		10,102
CURRENT ASSETS
Debtors	6	1,188,006		1,026,234
Cash at bank and in hand		3,415		500,680

		1,191,421		1,526,914
Creditors: Amounts Falling Due Within One Year	7	(100,992 )		(122,405 )

NET CURRENT ASSETS (LIABILITIES)			1,090,429		1,404,509

TOTAL ASSETS LESS CURRENT LIABILITIES			1,101,906		1,414,611

NET ASSETS			1,101,906		1,414,611

CAPITAL AND RESERVES
Called up share capital	8		48,706		46,628
Share premium account			1,766,463		1,565,872
Profit and Loss Account			(713,263 )		(197,889 )

SHAREHOLDERS' FUNDS			1,101,906		1,414,611