Finest Food Ltd - Filleted accounts

Registered number

12476467

Finest Food Ltd

Filleted Accounts

28 February 2026

Finest Food Ltd
Registered number:		12476467
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Investment Properties	3		500,000			500,000

Current assets
Cash at bank and in hand		13,148			22,885

Creditors: amounts falling due within one year	4	(10,409)			(17,289)

Net current assets			2,739			5,596

Total assets less current liabilities			502,739			505,596

Creditors: amounts falling due after more than one year	5		(100,150)			(103,501)



Net assets			402,589			402,095

Capital and reserves
Called up share capital			300			300
Revaluation reserve	6		208,647			208,647
Profit and loss account			193,642			193,148

Shareholders' funds			402,589			402,095

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Aristeidis Poulis
Director
Approved by the board on 12 October 2026

Finest Food Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investment Properties
	Investment Property, which is property held to earn rentals and/or for capital appreciation , is initially recognised at cost , which includes the purchase cost and any directly attributable expenditure.Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.






	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0


3	Investment Properties
				Land and buildings
£
	Cost
	At 1 March 2025			500,000
	At 28 February 2026			500,000

	Depreciation
	At 28 February 2026			-

	Net book value
	At 28 February 2026			500,000
	At 28 February 2025			500,000


4	Creditors: amounts falling due within one year	2026		2025
£			£

	Bank loans and overdrafts	2,658		9,748
	Trade creditors	240		-
	Taxation and social security costs	(189)		(158)
	Other creditors	7,700		7,699
		10,409		17,289


5	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	-		3,351
	Other creditors	100,150		100,150
		100,150		103,501


6	Revaluation reserve	2026		2025
£			£

	At 1 March 2025	208,647		-
	Gain on revaluation of land and buildings	-		208,647

	At 28 February 2026	208,647		208,647


7	Other information

	Finest Food Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Ace House
	22 Chester Road
	Sutton Coldfield
	England
	B73 5DA