Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falsedesign, manufacture and supply of waterproof and breathable accessories comprising socks, gloves, and hats to retailers, distributors, and consumers.33falsefalsefalse 06135564 2023-07-01 2024-06-30 06135564 2022-07-01 2023-06-30 06135564 2024-06-30 06135564 2023-06-30 06135564 2022-07-01 06135564 2 2022-07-01 2023-06-30 06135564 d:Exceptional 2023-07-01 2024-06-30 06135564 d:Exceptional 2022-07-01 2023-06-30 06135564 e:Director1 2023-07-01 2024-06-30 06135564 e:Director2 2023-07-01 2024-06-30 06135564 e:Director3 2023-07-01 2024-06-30 06135564 e:RegisteredOffice 2023-07-01 2024-06-30 06135564 d:CurrentFinancialInstruments 2024-06-30 06135564 d:CurrentFinancialInstruments 2023-06-30 06135564 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06135564 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06135564 d:ShareCapital 2024-06-30 06135564 d:ShareCapital 2023-06-30 06135564 d:ShareCapital 2022-07-01 06135564 d:SharePremium 2024-06-30 06135564 d:SharePremium 2023-06-30 06135564 d:SharePremium 2022-07-01 06135564 d:SharePremium 2 2022-07-01 2023-06-30 06135564 d:OtherMiscellaneousReserve 2024-06-30 06135564 d:OtherMiscellaneousReserve 2023-06-30 06135564 d:OtherMiscellaneousReserve 2022-07-01 06135564 d:OtherMiscellaneousReserve 2 2022-07-01 2023-06-30 06135564 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 06135564 d:RetainedEarningsAccumulatedLosses 2024-06-30 06135564 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 06135564 d:RetainedEarningsAccumulatedLosses 2023-06-30 06135564 d:RetainedEarningsAccumulatedLosses 2022-07-01 06135564 d:RetainedEarningsAccumulatedLosses 2 2022-07-01 2023-06-30 06135564 e:FRS102 2023-07-01 2024-06-30 06135564 e:Audited 2023-07-01 2024-06-30 06135564 e:FullAccounts 2023-07-01 2024-06-30 06135564 e:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06135564 d:Subsidiary1 2023-07-01 2024-06-30 06135564 d:Subsidiary1 1 2023-07-01 2024-06-30 06135564 d:Subsidiary2 2023-07-01 2024-06-30 06135564 d:Subsidiary2 1 2023-07-01 2024-06-30 06135564 d:Subsidiary3 2023-07-01 2024-06-30 06135564 d:Subsidiary3 1 2023-07-01 2024-06-30 06135564 d:Subsidiary4 2023-07-01 2024-06-30 06135564 d:Subsidiary4 1 2023-07-01 2024-06-30 06135564 2 2023-07-01 2024-06-30 06135564 4 2023-07-01 2024-06-30 06135564 6 2023-07-01 2024-06-30 06135564 d:ShareCapital 2 2022-07-01 2023-06-30 06135564 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06135564









SEALSKINZ HOLDINGS LIMITED









DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
SEALSKINZ HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
I N Blackman 
R L Green 
R S Kelvin 




Registered number
06135564



Registered office
Nelson House
9-10 Nelson Business Park

Bergen Way

Kings Lynn

Norfolk

PE30 2DE




Independent auditors
Harris & Trotter LLP
Chartered Accountants & Statutory Auditors

101 New Cavendish Street

1st Floor South

London

United Kingdom

W1W 6XH





 
SEALSKINZ HOLDINGS LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Independent Auditors' Report
3 - 6
Statement of Comprehensive Income
7
Balance Sheet
8
Statement of Changes in Equity
9
Notes to the Financial Statements
10 - 15


 
SEALSKINZ HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors

The directors who served during the year were:

I N Blackman 
R L Green 
R S Kelvin 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The loss for the year, after taxation, amounted to £220 (2023 - profit £7,235,715).



Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Auditors

The auditorsHarris & Trotter LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





I N Blackman
Director

Date: 10 March 2025

Page 2

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SEALSKINZ HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of Sealskinz Holdings Limited (the 'Company') for the year ended 30 June 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 June 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SEALSKINZ HOLDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SEALSKINZ HOLDINGS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
• We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.
• We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management.
• We challenged assumptions and judgments made by management in its significant accounting estimates.
We did not identify any key audit matters relating to irregularities, including fraud.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 5

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SEALSKINZ HOLDINGS LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Daniel Walters (Senior Statutory Auditor)
  
for and on behalf of
Harris & Trotter LLP
 
Chartered Accountants
Statutory Auditors
  
101 New Cavendish Street
1st Floor South
London
United Kingdom
W1W 6XH

10 March 2025
Page 6

 
SEALSKINZ HOLDINGS LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
Note
£
£

  

Administrative expenses
  
(220)
(272)

Exceptional administrative expenses
  
-
878,850

Operating (loss)/profit
 3 
(220)
878,578

Interest receivable and similar income
 5 
-
6,357,137

(Loss)/profit before tax
  
(220)
7,235,715

(Loss)/profit for the financial year
  
(220)
7,235,715

The notes on pages 10 to 15 form part of these financial statements.

Page 7

 
SEALSKINZ HOLDINGS LIMITED
REGISTERED NUMBER: 06135564

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 7 
3,157,335
3,157,335

  
3,157,335
3,157,335

Current assets
  

Debtors: amounts falling due within one year
 8 
4,528,913
4,528,913

Cash at bank and in hand
 9 
167
387

  
4,529,080
4,529,300

Creditors: amounts falling due within one year
 10 
(7,084,672)
(7,084,672)

Net current liabilities
  
 
 
(2,555,592)
 
 
(2,555,372)

Total assets less current liabilities
  
601,743
601,963

  

Net assets
  
601,743
601,963


Capital and reserves
  

Called up share capital 
  
113,898
113,898

Share premium account
  
3,517,714
3,517,714

Other reserves
  
3,157,330
3,157,330

Profit and loss account
  
(6,187,199)
(6,186,979)

  
601,743
601,963


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I N Blackman
Director

Date: 10 March 2025

The notes on pages 10 to 15 form part of these financial statements.

Page 8

 
SEALSKINZ HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


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

£
£
£
£
£


At 1 July 2022
113,898
3,517,714
-
(13,422,694)
(9,791,082)



Profit for the year
-
-
-
7,235,715
7,235,715


Contributions by and distributions to owners

Other movement type 1
-
-
3,157,330
-
3,157,330



At 1 July 2023
113,898
3,517,714
3,157,330
(6,186,979)
601,963



Loss for the year
-
-
-
(220)
(220)


At 30 June 2024
113,898
3,517,714
3,157,330
(6,187,199)
601,743


The notes on pages 10 to 15 form part of these financial statements.

Page 9

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Sealskinz Holdings Limited (the "Company") is a private company incorporated, domiciled and registered in England and Wales in the UK. The registered number is 06135564 and the registered address is 36 Oldmedow Road, Hardwick Industrial Estate, Kings Lynn, Norfolk, PE30 4PP.

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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company is exempt from the requirement to prepare Group accounts in accordance with section 400 of the Companies Act 2006 by virtue of the fact it is a wholly owned subsidiary of its immediate parent undertaking, That NewCo Limited, a Company incorporated in England. The Company's ultimate parent undertaking, That NewCo Limited includes the Company in its consolidated financial statements. The consolidated financial statements ofThat NewCo Limited are available to the public and may be obtained from 36 Oldmedow Road, Hardwick Indusfrial Estate Kings Lynn, Norfolk, PE30 4PP.
In these statemens, the Company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures:
• Reconciliation of the number of shares outstanding from the beginning to end of the period;
• Cash Flow Statement and related notes; and
• Key Management Personnel compensation.
As the consolidated financial statements of That NewCo Limited include the disclosures equivalent to those required by FRS 102, the Company has also taken exemptions available in respect of the following disclosures:
• Certain disclosures required by FRS 102.11 Basic Financial Instruments and FRS 102.12 Other Financial Instrument Issues in respect of financial instruments not falling within the fair value accounting rules of Paragaph 36(4) of Schedule 1.
The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.

Page 10

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.2

Going concern

Not withstanding net current liabilities, the directors have prepared the financial statements on a going concern basis which they consider to be appropriate.
The directors have considered the factors that impact the Group's future development, performance, cash flows and financial position along with the Group's current liquidity in forming their conclusion on the applicability of the going concern basis.
Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.

 
2.3

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 11

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Operating (loss)/profit

The operating (loss)/profit is stated after charging:

2024
2023
£
£

Exchange differences
-
91

Page 12

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Employees




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


        2024
        2023
            No.
            No.







Directors
3
3


5.


Interest receivable

2024
2023
£
£


Other interest receivable
-
6,357,137

-
6,357,137


6.


Exceptional items

2024
2023
£
£


Exceptional items
-
(878,850)

-
(878,850)


7.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
3,157,335



At 30 June 2024
3,157,335




Page 13

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Sealskinz  Limited
36 Oldmedow Road, King's Lynn, PE30 4PP
Design manufacture and supply of waterproof and breathable clothing
Ordinary
100%
Sealskinz Inc
5023 W 12th Avenue, #334, Broomfield, Colorado, 80020, USA
Supply of waterproof and breathable clothing
Ordinary
100%
Sealskinz Digital Inc*
5023 W 12th Avenue, #334, Broomfield, Colorado, 80020, USA
Supply of waterproof and breathable clothing
Ordinary
100%
Sealskinz GMBH*
Rublandener Str. 3A, 91242 Ottensoos, Germany
Supply of waterproof and breathable clothing
Ordinary
100%

* These Subsidiaries are 100% owned subsidiaries of Sealskinz Limited.


8.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
4,528,913
4,425,305

Other debtors
-
103,608

4,528,913
4,528,913



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
167
387

167
387


Page 14

 
SEALSKINZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
7,084,672
7,084,672

7,084,672
7,084,672



11.


Related party transactions

Details of transactions between the Company and its related parties are disclosed below.


2024
2023
£
£

Amounts receivable/(payable) from group companies:
Sealskinz Limited
4,527,872
4,424,264
That NewCo Limited
(7,084,672)
(7,084,672)
(2,556,800)
(2,660,408)




12.


Controlling party

The ultimate controlling party of the Group is That Newco Limited.

 
Page 15