REGISTERED NUMBER: 12282561 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

POPPIES FISHMONGERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs Z H Close

E Hassan

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

12282561 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Property, plant and equipment

4

24,694

31,048

CURRENT ASSETS

Inventories

115,595

75,253

Debtors

5

464,248

380,624

Cash at bank

8,264

4,413

588,107

460,290

CREDITORS

Amounts falling due within one year

6

768,067

608,521

NET CURRENT LIABILITIES

(179,960

)

(148,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(155,266

)

(117,183

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(155,466

)

(117,383

)

SHAREHOLDERS' FUNDS

(155,266

)

(117,183

)

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 Income Statement has not been delivered.

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

E Hassan - Director

1.	STATUTORY INFORMATION

Poppies Fishmongers Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet it's liabilities to third parties as and when they fall due. Also, the directors will continue to support the company when required.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales-related taxes. Revenue is recognised when goods or services are provided to customers, and the amount can be reliably measured.

Property, plant & equipment

Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant & machinery

20% on reducing balance

Motor Vehicle

25% on reducing balance

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories comprise food and beverage stocks held for use in preparing meals for sale, together with packaging and other consumable supplies. They are stated at the lower of cost and net realisable value.

Cost is determined on a first-in, first-out basis and comprises the purchase price, net of trade discounts and rebates, plus any directly attributable costs of bringing the inventories to their present location and condition. Food and beverage stocks turn over rapidly and are replenished continuously, so cost is measured by reference to purchase prices ruling at the balance sheet date. Packaging and consumables bought in bulk are carried at the cost of the consignment from which the remaining quantity is drawn.

Net realisable value is the estimated selling price less the estimated costs of completion and the estimated costs necessary to make the sale. Inventories are written down where they are damaged, past their use-by date, or, in the case of packaging and consumables, no longer expected to be used. Write-downs are recognised as an expense in the period in which they arise.

The carrying amount of inventories is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

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 9 (2024 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

73,949

9,044

82,993

DEPRECIATION

At 1 November 2024

45,763

6,182

51,945

Charge for year

5,638

716

6,354

At 31 October 2025

51,401

6,898

58,299

NET BOOK VALUE

At 31 October 2025

22,548

2,146

24,694

At 31 October 2024

28,186

2,862

31,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,227

4,767

Amounts owed by group undertakings

454,280

257,404

Other debtors

8,741

118,453

464,248

380,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

322,239

232,580

Amounts owed to group undertakings

347,976

366,220

Taxation and social security

85,267

6,390

Other creditors

12,585

3,331

768,067

608,521

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bradley Kelly BA BFP ACA FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

8.	RELATED PARTY DISCLOSURES

Included in debtors, amount falling due within one year, is an amount of £454,280 (2024: £257,404) owed by the group undertakings. This loan is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £347,976 (2024: £366,220) owed to the group undertakings. This loan is interest free and repayable on demand.

9.	POST BALANCE SHEET EVENTS

No significant events have occurred between the reporting date, 31 October 2025, and the date the financial statements were authorized for issue that would require adjustment to or disclosure in the financial statements.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Maden Group Ltd, incorporated in England and Wales. The ultimate controlling parties are the shareholders of Maden Group Ltd by virtue of their holding in the parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by Maden Group Ltd which is incorporated in the United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office being 1 Kings Avenue, London, United Kingdom, N21 3NA.

11.	COMPARATIVES

The balances presented for the prior year in the comparative financial statements are unaudited, as the company was not required to have its financial statements audited for that year.