Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetruetruetruetrue52023-01-01falseThe principal activity of the company is wholesale of bottled mineral water.5true 12224029 2023-01-01 2023-12-31 12224029 2022-01-01 2022-12-31 12224029 2023-12-31 12224029 2022-12-31 12224029 c:Director1 2023-01-01 2023-12-31 12224029 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 12224029 d:Buildings d:ShortLeaseholdAssets 2023-12-31 12224029 d:Buildings d:ShortLeaseholdAssets 2022-12-31 12224029 d:LandBuildings 2023-12-31 12224029 d:LandBuildings 2022-12-31 12224029 d:MotorVehicles 2023-01-01 2023-12-31 12224029 d:MotorVehicles 2023-12-31 12224029 d:MotorVehicles 2022-12-31 12224029 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12224029 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12224029 d:FurnitureFittings 2023-01-01 2023-12-31 12224029 d:FurnitureFittings 2023-12-31 12224029 d:FurnitureFittings 2022-12-31 12224029 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12224029 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12224029 d:OtherPropertyPlantEquipment 2023-12-31 12224029 d:OtherPropertyPlantEquipment 2022-12-31 12224029 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12224029 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12224029 d:CurrentFinancialInstruments 2023-12-31 12224029 d:CurrentFinancialInstruments 2022-12-31 12224029 d:Non-currentFinancialInstruments 2023-12-31 12224029 d:Non-currentFinancialInstruments 2022-12-31 12224029 d:Non-currentFinancialInstruments 3 2023-12-31 12224029 d:Non-currentFinancialInstruments 3 2022-12-31 12224029 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12224029 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12224029 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12224029 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12224029 d:ShareCapital 2023-12-31 12224029 d:ShareCapital 2022-12-31 12224029 d:RetainedEarningsAccumulatedLosses 2023-12-31 12224029 d:RetainedEarningsAccumulatedLosses 2022-12-31 12224029 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12224029 c:OrdinaryShareClass1 2023-12-31 12224029 c:OrdinaryShareClass1 2022-12-31 12224029 c:FRS101 2023-01-01 2023-12-31 12224029 c:Audited 2023-01-01 2023-12-31 12224029 c:FullAccounts 2023-01-01 2023-12-31 12224029 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12224029 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12224029 d:FinancialInstrumentsFairValueThroughProfitOrLoss 2023-01-01 2023-12-31 12224029 d:FinancialLiabilitiesAmortisedCost 2023-01-01 2023-12-31 12224029 d:FinancialInstrumentsDesignatedFairValueThroughProfitOrLoss 2023-01-01 2023-12-31 12224029 2 2023-01-01 2023-12-31 12224029 d:CurrentFinancialInstruments 7 2023-12-31 12224029 d:CurrentFinancialInstruments 7 2022-12-31 12224029 d:OtherPropertyPlantEquipment d:Right-of-useAssets 2023-01-01 2023-12-31 12224029 d:OtherPropertyPlantEquipment d:Right-of-useAssets 2022-01-01 2022-12-31 12224029 d:Right-of-useAssets 2023-01-01 2023-12-31 12224029 d:Right-of-useAssets 2022-01-01 2022-12-31 12224029 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 12224029 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 12224029 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 12224029 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 12224029 d:HirePurchaseContracts 2023-12-31 12224029 d:HirePurchaseContracts 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12224029










DYDO DRINCO UK LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DYDO DRINCO UK LIMITED
REGISTERED NUMBER: 12224029

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
 5 
337,986
190,652

  
337,986
190,652

Current assets
  

Stocks
 6 
135,171
170,030

Debtors: amounts falling due within one year
 7 
1,866,254
1,917,730

Cash at bank and in hand
 8 
1,224,427
1,329,935

  
3,225,852
3,417,695

Creditors: amounts falling due within one year
 9 
(1,129,463)
(1,731,315)

Net current assets
  
 
 
2,096,389
 
 
1,686,380

Total assets less current liabilities
  
2,434,375
1,877,032

  

Creditors: amounts falling due after more than one year
 10 
(144,906)
(17,815)

  
2,289,469
1,859,217

Provisions for liabilities
  

Deferred taxation
  
(3,763)
-

  
 
 
(3,763)
 
 
-

Net assets
  
2,285,706
1,859,217


Capital and reserves
  

Called up share capital 
 12 
2,200,100
2,200,100

Profit and loss account
  
85,606
(340,883)

  
2,285,706
1,859,217


Page 1

 
DYDO DRINCO UK LIMITED
REGISTERED NUMBER: 12224029
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 July 2024.



Mr Naoi Kagawa
Director

The notes on pages 3 to 14 form part of these financial statements.

Page 2

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by share capital and incorporated in the United Kingdom.
The address of its registered office is Spaces Ealing Aurora, 71-75 Uxbridge Road, London, W5 5SL, United Kingdom

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member



 
2.3

Going concern

In assessing the appropriateness of the application of the going concern basis, the directors have considered the trading performance of the company, future forecasts of the Company and the available cash, which show that the Company should be able to operate within the level of its current financial arrangements.

Page 3

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Revenue recognition

The company earns revenue form the sale of bottled mineral water. Revenue is recognised when significant risk and reward of ownership of goods have been transferred to the buyer. This is usually when goods are delivered to the premises of the customers.
Revenue is measured at the transaction price, being fair value of the consideration received or receivable. The transaction prices are reduced by discounts and net of VAT.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised on the satisfaction of performance obligations, such as the transfer of a promised good, identified in the contract between the Company and the customer.

A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

For fixed-price contracts, revenue is recognised based on the actual service provided to the end of the reporting period as a proportion of the total services to be provided because the customer receives and uses the benefits simultaneously.

Page 4

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Leases

The Company as a lessee

The Company assesses whether a contract is or contains a lease, at inception of a contract. The Company recognises a right-of-use asset and a corresponding lease liability with respect to all lease agreements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate.

Lease payments included in the measurement of the lease liability comprise:

fixed lease payments (including in-substance fixed payments), less any lease incentives;


The lease liability is included in 'Creditors' on the Balance Sheet.

The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.

The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.

The right-of-use assets are included in the 'Tangible Fixed Assets' as applicable, in the Balance Sheet.

The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in note 2.11.

As a practical expedient, IFRS 16 permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has used this practical expedient.

Page 5

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the lease term
Motor vehicles
-
20%
Reducing Balance
Fixtures and fittings
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 7

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.15

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

 
2.16

Financial instruments


The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value. 

Financial assets

All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.

Fair value through profit or loss

All of the Company's financial assets are subsequently measured at fair value at the end of each reporting period, with any fair value gains or losses being recognised in profit or loss to the extent they are not part of a designated hedging relationship. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset. 

Impairment of financial assets

The Company always recognises lifetime ECL for trade receivables and amounts due on contracts with customers. The expected credit losses on these financial assets are estimated based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument.

Financial liabilities

Fair value through profit or loss

Financial liabilities are classified as at fair value through profit or loss, when the financial liability is held for trading, or is designated as at fair value through profit or loss. This designation may be made if such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise, or the financial liability forms part of a group of financial instruments which is managed and its performance is evaluated on a fair value basis, or the financial liability forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at fair value through profit or loss. Any gains or losses arising on changes in fair value are recognised in profit or loss to the extent that they are not part of a designated hedging relationship.
Page 8

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.16
Financial instruments (continued)


At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Permanent staff
5
5

Page 9

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
195,151
80,506
10,681
286,338


Additions
263,964
-
7,184
271,148



At 31 December 2023

459,115
80,506
17,865
557,486



Depreciation


At 1 January 2023
79,978
11,838
3,870
95,686


Charge for the year on owned assets
-
12,543
3,466
16,009


Charge for the year on right-of-use assets
107,805
-
-
107,805



At 31 December 2023

187,783
24,381
7,336
219,500



Net book value



At 31 December 2023
271,332
56,125
10,529
337,986



At 31 December 2022
115,173
68,668
6,811
190,652




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Short leasehold
271,332
115,173

271,332
115,173



The net book value of owned and leased assets included as "Tangible fixed assets" in the Balance Sheet is as follows:

2023
2022
£
£


Tangible fixed assets owned
66,654
75,479

Right-of-use tangible fixed assets
271,332
115,173

337,986
190,652

Page 10

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           5.Tangible fixed assets (continued)

Information about right-of-use assets is summarised below:

Net book value

2023
2022
£
£

Other tangible fixed assets
271,332
115,173

271,332
115,173

Depreciation charge for the year ended

2023
2022
£
£

Other tangible fixed assets
107,805
90,585

107,805
90,585


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
135,171
170,030

135,171
170,030



Page 11

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
1,234,668
1,560,859

Amounts owed by group undertakings
509,482
103,313

Other debtors
45,472
43,971

Prepayments and accrued income
76,632
73,934

Deferred taxation
-
135,653

1,866,254
1,917,730



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,224,427
1,329,935

1,224,427
1,329,935



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
167,944
735,588

Amounts owed to group undertakings
279,758
641,875

Corporation tax
21,865
-

Other taxation and social security
249,107
126,526

Lease liabilities
126,702
98,168

Other creditors
18,393
683

Accruals and deferred income
265,694
128,475

1,129,463
1,731,315


Page 12

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Lease liabilities
144,906
17,815

144,906
17,815



11.


Lease liabilities


Future minimum lease payments for:

2023
2022
£
£


Within one year
128,509
100,351

Between 1-5 years
153,930
16,725

282,439
117,076


The present value of minimum lease payments is analysed as follows:

2023
2022
£
£


Within one year
126,702
98,168

Between 1-5 years
144,906
17,815

271,608
115,983

The total cash outflow for leases is £109,518 (2022: £95,029).


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,200,100 (2022 - 2,200,100) Ordinary shares of £1.00 each
2,200,100
2,200,100


Page 13

 
DYDO DRINCO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Controlling party

The immediate parent company and the smallest group which consolidates the financial statements of the company is DELLA GIDA SANAYI VE TICARET ANONIM SIRKETI, a company incorporated in Turkey. Its financial statements are available at its registered address; Altunizade Mah. Ord. Prof. Fahrettin Kerim Gökay Cad. No:38/1 Üsküdar Istanbul 34662 TURKEY

The ultimate parent company is DyDo GROUP HOLDINGS, INC., a company incorporated in Japan. DyDo GROUP HOLDINGS, INC. is the parent undertaking of the largest group which includes the company and for which group financial statements are prepared undertaking of the largest group which includes the company and for which group financial statements are prepared. Copies of the group financial statements are available from 2-2-7 Nakanoshima, Kita-ku, Osaka 530-0005, Japan.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 18 July 2024 by Yusuke Takanishi (Senior Statutory Auditor) on behalf of Greenback Alan LLP.

Page 14