Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false272023-02-01No description of principal activity20truetruefalse 12377220 2023-02-01 2024-01-31 12377220 2022-02-01 2023-01-31 12377220 2024-01-31 12377220 2023-01-31 12377220 2022-02-01 12377220 1 2023-02-01 2024-01-31 12377220 1 2022-02-01 2023-01-31 12377220 d:CompanySecretary1 2023-02-01 2024-01-31 12377220 d:Director1 2023-02-01 2024-01-31 12377220 d:Director2 2023-02-01 2024-01-31 12377220 d:RegisteredOffice 2023-02-01 2024-01-31 12377220 e:Buildings e:LongLeaseholdAssets 2023-02-01 2024-01-31 12377220 e:Buildings e:LongLeaseholdAssets 2024-01-31 12377220 e:Buildings e:LongLeaseholdAssets 2023-01-31 12377220 e:FurnitureFittings 2023-02-01 2024-01-31 12377220 e:FurnitureFittings 2024-01-31 12377220 e:FurnitureFittings 2023-01-31 12377220 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12377220 e:ComputerEquipment 2023-02-01 2024-01-31 12377220 e:ComputerEquipment 2024-01-31 12377220 e:ComputerEquipment 2023-01-31 12377220 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12377220 e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12377220 e:CurrentFinancialInstruments 2024-01-31 12377220 e:CurrentFinancialInstruments 2023-01-31 12377220 e:Non-currentFinancialInstruments 2024-01-31 12377220 e:Non-currentFinancialInstruments 2023-01-31 12377220 e:CurrentFinancialInstruments e:WithinOneYear 2024-01-31 12377220 e:CurrentFinancialInstruments e:WithinOneYear 2023-01-31 12377220 e:ShareCapital 2023-02-01 2024-01-31 12377220 e:ShareCapital 2024-01-31 12377220 e:ShareCapital 2022-02-01 2023-01-31 12377220 e:ShareCapital 2023-01-31 12377220 e:ShareCapital 2022-02-01 12377220 e:OtherMiscellaneousReserve 2023-02-01 2024-01-31 12377220 e:OtherMiscellaneousReserve 2024-01-31 12377220 e:OtherMiscellaneousReserve 1 2023-02-01 2024-01-31 12377220 e:OtherMiscellaneousReserve 2022-02-01 2023-01-31 12377220 e:OtherMiscellaneousReserve 2023-01-31 12377220 e:OtherMiscellaneousReserve 2022-02-01 12377220 e:OtherMiscellaneousReserve 1 2022-02-01 2023-01-31 12377220 e:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12377220 e:RetainedEarningsAccumulatedLosses 2024-01-31 12377220 e:RetainedEarningsAccumulatedLosses 1 2023-02-01 2024-01-31 12377220 e:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 12377220 e:RetainedEarningsAccumulatedLosses 2023-01-31 12377220 e:RetainedEarningsAccumulatedLosses 2022-02-01 12377220 e:RetainedEarningsAccumulatedLosses 1 2022-02-01 2023-01-31 12377220 e:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12377220 e:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12377220 e:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-02-01 2024-01-31 12377220 e:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-31 12377220 e:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-02-01 2024-01-31 12377220 e:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2024-01-31 12377220 d:OrdinaryShareClass1 2023-02-01 2024-01-31 12377220 d:OrdinaryShareClass1 2024-01-31 12377220 d:OrdinaryShareClass1 2023-01-31 12377220 d:FRS102 2023-02-01 2024-01-31 12377220 d:Audited 2023-02-01 2024-01-31 12377220 d:FullAccounts 2023-02-01 2024-01-31 12377220 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12377220 e:WithinOneYear 2024-01-31 12377220 e:WithinOneYear 2023-01-31 12377220 e:BetweenOneFiveYears 2024-01-31 12377220 e:BetweenOneFiveYears 2023-01-31 12377220 e:MoreThanFiveYears 2024-01-31 12377220 e:MoreThanFiveYears 2023-01-31 12377220 d:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12377220 e:ShareCapital 1 2023-02-01 2024-01-31 12377220 e:ShareCapital 1 2022-02-01 2023-01-31 12377220 f:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 12377220












MEJURI (UK) LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 

MEJURI (UK) LTD.

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 14


 

MEJURI (UK) LTD.
 
COMPANY INFORMATION


Directors
M Masad 
N Sakkijha 




Company secretary
J M Oddy



Registered number
12377220



Registered office
96 Hope Quay
Rope Walk

Bristol

BS1 6ZH




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:12377220
MEJURI (UK) LTD.

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
929,163
302,298

Current assets
  

Stocks
 5 
1,493,605
1,228,244

Debtors: amounts falling due after more than one year
 6 
260,000
-

Debtors: amounts falling due within one year
 6 
223,426
11,906

Cash at bank and in hand
  
665,210
4,265,672

  
2,642,241
5,505,822

Creditors: amounts falling due within one year
 7 
(2,684,904)
(5,550,250)

Net current liabilities
  
 
 
(42,663)
 
 
(44,428)

Total assets less current liabilities
  
886,500
257,870

Provisions for liabilities
  

Deferred tax
 8 
(55,089)
-

Other provisions
 9 
(269,161)
-

  
 
 
(324,250)
 
 
-

Net assets
  
562,250
257,870

Page 2


 
REGISTERED NUMBER:12377220
MEJURI (UK) LTD.
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 10 
1
1

Other reserves
 11 
125,539
91,885

Profit and loss account
 11 
436,710
165,984

Total equity
  
562,250
257,870


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 




M Masad
Director

Date: 19 November 2024

The notes on pages 5 to 14 form part of these financial statements.
Page 3

 

MEJURI (UK) LTD.

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 February 2022
1
64,156
40,033
104,190


Comprehensive income for the year

Profit for the year
-
-
125,951
125,951

Share based payment charge
-
27,729
-
27,729
Total comprehensive income for the year
-
27,729
125,951
153,680



At 31 January 2023 and 1 February 2023
1
91,885
165,984
257,870


Comprehensive income for the year

Profit for the year
-
-
270,726
270,726

Share based payment charge
-
33,654
-
33,654
Total comprehensive income for the year
-
33,654
270,726
304,380


At 31 January 2024
1
125,539
436,710
562,250


Page 4

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Mejuri (UK) Ltd (the "company") is a private company limited by shares incorporated in England and Wales. The address of the registered office is 96 Hope Quay, Rope Walk, Bristol, BS1 6ZH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company relies upon the continued financial support of its parent company from whom the company has received a letter of financial support for a period of at least 12 months from the date of approval of these financial statements.
The directors have made enquiries as to the financial position and performance of its parent company and the wider Mejuri group. After making enquiries, the directors have a reasonable expectation that the parent company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Page 5

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

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 when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 6

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Lower of the life of the lease or 5 years
Fixtures and fittings
-
5 years
Computer equipment
-
3 years

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.

 
2.5

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 weighted average 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.

  
2.6

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
 
Page 7

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

  
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 8

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

  
2.8

Share capital

Ordinary shares are classified as equity.

 
2.9

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.10

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.

 
2.11

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.

Page 9

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Sterling (£).

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 are presented in the profit and loss account within 'administrative expenses'. 

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences 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 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 10

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 20).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 February 2023
427,032
18,949
21,754
467,735


Additions
659,049
158,031
33,915
850,995



At 31 January 2024

1,086,081
176,980
55,669
1,318,730



Depreciation


At 1 February 2023
154,893
2,932
7,612
165,437


Charge for the year 
190,556
21,615
11,959
224,130



At 31 January 2024

345,449
24,547
19,571
389,567



Net book value



At 31 January 2024
740,632
152,433
36,098
929,163



At 31 January 2023
272,139
16,017
14,142
302,298


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,493,605
1,228,244


Page 11

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
260,000
-


2024
2023
£
£

Due within one year

Trade debtors
8,032
-

Other debtors
103,333
6,500

Prepayments and accrued income
112,061
5,406

223,426
11,906



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
126,676
22,848

Amounts owed to group undertakings
692,515
4,880,440

Corporation tax
35,919
40,307

Other taxation and social security
951,179
176,484

Other creditors
166,200
-

Accruals and deferred income
712,415
430,171

2,684,904
5,550,250


Amounts owed to group undertakings are interest free, have no fixed repayment date and are repayable on demand.

Page 12

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Deferred taxation




2024


£






Charged to profit or loss
(55,089)



At end of year
(55,089)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(55,089)
-


9.


Provisions




Returns provision
Warranty provision
Total

£
£
£





Charged to profit or loss
192,574
76,587
269,161



At 31 January 2024
192,574
76,587
269,161

The company offers customers a full refund where returns are made within 30 days of purchase. The returns provision is an estimate of the expected returns after the year-end in respect of sales made before that date.
The company offers customers a replacement or store credit where products are defective and a warranty claim is made within two years of purchase. The warranty provision is an estimate of the expected claims in respect of products sold before the year-end.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 13

 

MEJURI (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Reserves

Other reserves

Other reserves relates to the share option scheme in place for employees of the company.


12.


Share-based payments

The parent company, Mejuri Inc., has a share option scheme for employees of the group at the discretion of the Board. Options in Class A common shares of Mejuri Inc. are exercisable at a price equal to the fair market value of the parent company's shares on the date of the grant. The vesting period varies between 1 and 4 years.
If the options remain unexercised after a period of 10 years from the date of the grant, the options expire.
The total expense relating to employees of the company in respect of these options for the period was £33,654 (2023: £27,718).


13.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


14.


Commitments under operating leases

At 31 January 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
598,849
124,530

Later than 1 year and not later than 5 years
1,990,986
69,096

Later than 5 years
1,210,849
-

3,800,684
193,626


15.


Controlling party

The company's immediate parent company is Mejuri Inc., a company incorporated under the laws of Province of Ontario, Canada on July 3, 2012. The registered office of which is 18c Mowat Avenue, Toronto, Canada.

16.


Auditor's information

The auditor's report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 21 November 2024 by Mahmood Ramji (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

 
Page 14