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REGISTERED NUMBER: 09600533 (England and Wales)















Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 31 May 2024

for

Inventure Holdings Limited

Inventure Holdings Limited (Registered number: 09600533)






Contents of the Consolidated Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 6

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Cash Flow Statement 16

Notes to the Consolidated Cash Flow Statement 17

Notes to the Consolidated Financial Statements 19


Inventure Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R B Amipara



REGISTERED OFFICE: 150a Christchurch Avenue
Harrow
Middlesex
HA3 8NN



REGISTERED NUMBER: 09600533 (England and Wales)



SENIOR STATUTORY AUDITOR: Anwer Patel BA (Hons) FCA, BFP



AUDITORS: Prestons
Chartered Accountants
Statutory Auditors
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Inventure Holdings Limited (Registered number: 09600533)

Group Strategic Report
for the Year Ended 31 May 2024

The director presents his strategic report of the company and the group for the year ended 31 May 2024.

REVIEW OF BUSINESS
The group operates as a diversified company with the following core business activities:

1. Retail: Retailing non-specialized goods, predominantly focusing on food, alcohol, and groceries, through a network of retail outlets.

2. Wholesale: Wholesaling fresh fruits, vegetables, and ethnic spices.

3. Paper and Packaging Distributor: Serving as a national paper and packaging distributor, primarily serving the hospitality sector, with a strong focus on quick service restaurants (QSRs). The company offers a wide selection of over 500 high-quality products, including food packaging, paper, hygiene supplies, personal protective equipment (PPE), cleaning, and janitorial products, to QSR chains, wholesalers, retail outlets, corporate offices, and educational institutions.

4. Dental Supply: Providing dental supplies, dental equipment, and dental consumables to the dental industry.

Key Financial Performance Indicators
2024 (GBP) 2023 (GBP)
Turnover (Continuing Operations) £28,909,757 £25,708,390
Operating Profit £2,913,637 £1,805,057
Profit After Tax £2,260,515 £1,337,132
Shareholder's Funds £10,663,479 £8,462,964

Non-Financial Performance Indicators

a. Human Resources: Maintaining a positive and efficient work environment by holding regular meetings between directors and key management to promptly address employee concerns, resulting in low staff turnover and enhanced
efficiencies.

b. Product and Service Quality: Ensuring high-quality products by primarily sourcing them directly from manufacturers.

c. Sustainability and Recycling: Promoting and maintaining sustainable practices and recycling efforts throughout the business.

d. Brand Awareness: Actively participating in worldwide exhibitions to enhance brand visibility and recognition.


Inventure Holdings Limited (Registered number: 09600533)

Group Strategic Report
for the Year Ended 31 May 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The directors hold regular meetings with key management employees to evaluate the group's risk management process. Full due diligence is carried out on customers and suppliers to ensure compliance with relevant legislation and to have a better understanding of their needs.

The parent company recognises increased price competition in the market place which will continue to put pressure on its margins. The parent Company is overcoming this risk by growing its business both in the UK and Overseas.

ON BEHALF OF THE BOARD:





R B Amipara - Director


19 May 2025

Inventure Holdings Limited (Registered number: 09600533)

Report of the Director
for the Year Ended 31 May 2024

The director presents his report with the financial statements of the company and the group for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of Activities of holding companies

DIVIDENDS
The total distribution of dividends for the year ended 31 May 2024 will be £ 60,000 .

DIRECTOR
R B Amipara held office during the whole of the period from 1 June 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Inventure Holdings Limited (Registered number: 09600533)

Report of the Director
for the Year Ended 31 May 2024


AUDITORS
The auditors, Prestons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R B Amipara - Director


19 May 2025

Report of the Independent Auditors to the Members of
Inventure Holdings Limited

Opinion
We have audited the financial statements of Inventure Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The 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 group's and of the parent company affairs as at 31 May 2024 and of the group's profit 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 director's 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 group's and the parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our 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.

In connection with our audit of the financial statements, 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 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.

Report of the Independent Auditors to the Members of
Inventure Holdings Limited


Opinions 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is responsible for assessing the group's and the parent 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

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 a Report of the Auditors 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 to detect material misstatement in respect of 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 Report of the Auditors.

Report of the Independent Auditors to the Members of
Inventure Holdings Limited


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 2006. Our 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 a Report of the Auditors 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.




Anwer Patel BA (Hons) FCA, BFP (Senior Statutory Auditor)
for and on behalf of Prestons
Chartered Accountants
Statutory Auditors
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

23 May 2025

Inventure Holdings Limited (Registered number: 09600533)

Consolidated Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
(Unaudited)
Notes £    £    £   

TURNOVER 28,909,757 25,708,390

Cost of sales 20,815,262 19,185,238
GROSS PROFIT 8,094,495 6,523,152

Administrative expenses 5,301,654 5,032,975
2,792,841 1,490,177

Other operating income 120,796 314,880
OPERATING PROFIT 4 2,913,637 1,805,057

Income from fixed asset investments 10,000 17,721
Interest receivable and similar income 18,044 2,301
28,044 20,022
2,941,681 1,825,079

Interest payable and similar expenses 5 127,966 86,594
PROFIT BEFORE TAXATION 2,813,715 1,738,485

Tax on profit 6 553,200 401,353
PROFIT FOR THE FINANCIAL YEAR 2,260,515 1,337,132
Profit attributable to:
Owners of the parent 2,260,515 1,337,132

Inventure Holdings Limited (Registered number: 09600533)

Consolidated Other Comprehensive Income
for the Year Ended 31 May 2024

31.5.24 31.5.23
(Unaudited)
Notes £    £   

PROFIT FOR THE YEAR 2,260,515 1,337,132


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,260,515

1,337,132

Total comprehensive income attributable to:
Owners of the parent 2,260,515 1,337,132

Inventure Holdings Limited (Registered number: 09600533)

Consolidated Balance Sheet
31 May 2024

31.5.24 31.5.23
(Unaudited)
Notes £    £    £   
FIXED ASSETS
Intangible assets 9 2,501,940 874,013
Tangible assets 10 333,349 262,654
Investments 11 3,956,569 4,222,829
6,791,858 5,359,496

CURRENT ASSETS
Stocks 12 4,507,296 3,130,986
Debtors 13 6,115,728 4,399,053
Cash at bank and in hand 1,701,916 1,136,610
12,324,940 8,666,649
CREDITORS
Amounts falling due within one year 14 6,016,637 4,848,385
NET CURRENT ASSETS 6,308,303 3,818,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,100,161

9,177,760

CREDITORS
Amounts falling due after more than one
year

15

2,436,682

714,796
NET ASSETS 10,663,479 8,462,964

CAPITAL AND RESERVES
Called up share capital 18 100 100
Other reserves 19 9,151 9,151
Retained earnings 19 10,654,228 8,453,713
SHAREHOLDERS' FUNDS 10,663,479 8,462,964

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:



R B Amipara - Director


Inventure Holdings Limited (Registered number: 09600533)

Company Balance Sheet
31 May 2024

31.5.24 31.5.23
(Unaudited)
Notes £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 1,632,155 1,894,022
1,632,155 1,894,022

CURRENT ASSETS
Debtors 13 4,008,706 2,459,061
Cash at bank and in hand 1,071,537 903,754
5,080,243 3,362,815
CREDITORS
Amounts falling due within one year 14 266,069 67,705
NET CURRENT ASSETS 4,814,174 3,295,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,446,329

5,189,132

CREDITORS
Amounts falling due after more than one
year

15

2,298,102

1,669,752
NET ASSETS 4,148,227 3,519,380

CAPITAL AND RESERVES
Called up share capital 18 100 100
Retained earnings 4,148,127 3,519,280
SHAREHOLDERS' FUNDS 4,148,227 3,519,380

Company's profit for the financial year 688,847 678,963

Inventure Holdings Limited (Registered number: 09600533)

Company Balance Sheet - continued
31 May 2024


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

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





R B Amipara - Director


Inventure Holdings Limited (Registered number: 09600533)

Consolidated Statement of Changes in Equity
for the Year Ended 31 May 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 June 2022 100 7,176,581 9,151 7,185,832

Changes in equity
Dividends - (60,000 ) - (60,000 )
Total comprehensive income - 1,337,132 - 1,337,132
Balance at 31 May 2023 100 8,453,713 9,151 8,462,964

Changes in equity
Dividends - (60,000 ) - (60,000 )
Total comprehensive income - 2,260,515 - 2,260,515
Balance at 31 May 2024 100 10,654,228 9,151 10,663,479

Inventure Holdings Limited (Registered number: 09600533)

Company Statement of Changes in Equity
for the Year Ended 31 May 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 June 2022 100 2,900,317 2,900,417

Changes in equity
Dividends - (60,000 ) (60,000 )
Total comprehensive income - 678,963 678,963
Balance at 31 May 2023 100 3,519,280 3,519,380

Changes in equity
Dividends - (60,000 ) (60,000 )
Total comprehensive income - 688,847 688,847
Balance at 31 May 2024 100 4,148,127 4,148,227

Inventure Holdings Limited (Registered number: 09600533)

Consolidated Cash Flow Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
(Unaudited)
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,091,722 1,394,421
Interest paid (127,966 ) (86,594 )
Tax paid (255,728 ) 33,496
Net cash from operating activities 708,028 1,341,323

Cash flows from investing activities
Purchase of intangible fixed assets (1,705,000 ) (10,000 )
Purchase of tangible fixed assets (115,163 ) (5,575 )
Purchase of fixed asset investments - (913,670 )
Sale of fixed asset investments 266,260 -
Interest received 18,044 2,301
Dividends received 10,000 17,721
Net cash from investing activities (1,525,859 ) (909,223 )

Cash flows from financing activities
New loans in year 1,437,631 -
Amount introduced by directors 5,506 -
Share issue - 100
Equity dividends paid (60,000 ) (60,000 )
Net cash from financing activities 1,383,137 (59,900 )

Increase in cash and cash equivalents 565,306 372,200
Cash and cash equivalents at beginning of
year

2

1,136,610

764,410

Cash and cash equivalents at end of year 2 1,701,916 1,136,610

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 May 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.5.24 31.5.23
(Unaudited)
£    £   
Profit before taxation 2,813,715 1,738,485
Depreciation charges 121,541 231,969
Loss on disposal of fixed assets - 333,968
Government grants - (8,333 )
Finance costs 127,966 86,594
Finance income (28,044 ) (20,022 )
3,035,178 2,362,661
Increase in stocks (1,376,310 ) (468,242 )
Increase in trade and other debtors (1,716,675 ) (1,625,833 )
Increase in trade and other creditors 1,149,529 1,125,835
Cash generated from operations 1,091,722 1,394,421

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 May 2024
31/5/24 1/6/23
£    £   
Cash and cash equivalents 1,701,916 1,136,610
Year ended 31 May 2023
31/5/23 1/6/22
(Unaudited)
£    £   
Cash and cash equivalents 1,136,610 764,410


Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 May 2024

3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1/6/23 Cash flow At 31/5/24
£    £    £   
Net cash
Cash at bank and in hand 1,136,610 565,306 1,701,916
1,136,610 565,306 1,701,916
Debt
Debts falling due within 1 year (605,200 ) (281,879 ) (887,079 )
Debts falling due after 1 year (189,482 ) (1,155,752 ) (1,345,234 )
(794,682 ) (1,437,631 ) (2,232,313 )
Total 341,928 (872,325 ) (530,397 )

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Inventure Holdings Limited 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net income receivable from sale of goods and services in the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life between 10 to 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
31.5.24 31.5.23
(Unaudited)
£    £   
Wages and salaries 2,269,224 1,818,586
Social security costs 9,799 135
Other pension costs 8,252 40,650
2,287,275 1,859,371

The average number of employees during the year was as follows:
31.5.24 31.5.23
(Unaudited)

Sales department 6 6
Operation department 114 114
120 120

31.5.24 31.5.23
(Unaudited)
£    £   
Director's remuneration 131,630 132,582

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
(Unaudited)
£    £   
Other operating leases 1,154,745 908,247
Depreciation - owned assets 44,468 61,981
Loss on disposal of fixed assets - 333,968
Goodwill amortisation 77,073 169,988
Foreign exchange differences 25,941 60,296

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.5.24 31.5.23
(Unaudited)
£    £   
Bank loan interest 127,966 86,594

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.5.24 31.5.23
(Unaudited)
£    £   
Current tax:
UK corporation tax 553,200 401,353
Tax on profit 553,200 401,353

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
31.5.24 31.5.23
(Unaudited)
£    £   
Final 60,000 60,000

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

9. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 June 2023 1,844,733
Additions 1,705,000
At 31 May 2024 3,549,733
AMORTISATION
At 1 June 2023 970,720
Amortisation for year 77,073
At 31 May 2024 1,047,793
NET BOOK VALUE
At 31 May 2024 2,501,940
At 31 May 2023 874,013

10. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 68,386 828,095 63,927 960,408
Additions 18,303 62,910 33,950 115,163
At 31 May 2024 86,689 891,005 97,877 1,075,571
DEPRECIATION
At 1 June 2023 39,297 613,071 45,386 697,754
Charge for year 446 32,585 11,437 44,468
At 31 May 2024 39,743 645,656 56,823 742,222
NET BOOK VALUE
At 31 May 2024 46,946 245,349 41,054 333,349
At 31 May 2023 29,089 215,024 18,541 262,654

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

11. FIXED ASSET INVESTMENTS

Group Company
31.5.24 31.5.23 31.5.24 31.5.23
(Unaudited) (Unaudited)
£    £    £    £   
Shares in group undertakings 3,640,596 3,644,789 1,316,182 1,315,982
Other investments not loans 315,973 578,040 315,973 578,040
3,956,569 4,222,829 1,632,155 1,894,022

Additional information is as follows:

Group
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST
At 1 June 2023 3,644,789 266,032 3,910,821
Disposals (4,193 ) - (4,193 )
At 31 May 2024 3,640,596 266,032 3,906,628
NET BOOK VALUE
At 31 May 2024 3,640,596 266,032 3,906,628
At 31 May 2023 3,644,789 266,032 3,910,821

Investments (neither listed nor unlisted) were as follows:
31.5.24 31.5.23
(Unaudited)
£    £   
Other investments 49,941 312,008

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

11. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023 1,315,982 266,032 1,582,014
Additions 200 - 200
At 31 May 2024 1,316,182 266,032 1,582,214
NET BOOK VALUE
At 31 May 2024 1,316,182 266,032 1,582,214
At 31 May 2023 1,315,982 266,032 1,582,014

Investments (neither listed nor unlisted) were as follows:
31.5.24 31.5.23
(Unaudited)
£    £   
Other investments 49,941 312,008

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Inventure Retail Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Warren St Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

11. FIXED ASSET INVESTMENTS - continued

Photon Enterprises Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Alpha Retail Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Coventry Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Kensington Limited
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Metro Trends Ltd
Registered office: United kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Putney Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

11. FIXED ASSET INVESTMENTS - continued

Inventure Ashton Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Ashton Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Soho Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Old street Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Birmingham Ltd
Registered office: UNited Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Camden Ltd
Registered office: United Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

11. FIXED ASSET INVESTMENTS - continued

Inventure Soho Road Ltd
Registered office: UNited Kingdom
Nature of business: Retail
%
Class of shares: holding
Ordinary 100.00

Inventure Wholesale Ltd
Registered office: United kingdom
Nature of business: Retail & wholesale
%
Class of shares: holding
Ordinary 75.00

Nationwide Paper Ltd
Registered office: United Kingdom
Nature of business: Packaging
%
Class of shares: holding
Ordinary 75.00

Value & Service Dental Supplies Ltd
Registered office: United Kingdom
Nature of business: DEntal Consumables
%
Class of shares: holding
Ordinary Shares 75.00


12. STOCKS

Group
31.5.24 31.5.23
(Unaudited
£    £   
Finished goods 4,507,296 3,130,986

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

13. DEBTORS

Group Company
31.5.24 31.5.23 31.5.24 31.5.23
(Unaudited) (Unaudited)
£    £    £    £   
Amounts falling due within one year:
Trade debtors 3,244,685 2,235,215 - -
Other debtors 2,781,668 2,099,213 3,186,818 1,066,000
Prepayments and accrued income 89,375 64,625 8,028 -
6,115,728 4,399,053 3,194,846 1,066,000

Amounts falling due after more than one year:
Amounts owed by group undertakings - - 813,860 1,393,061

Aggregate amounts 6,115,728 4,399,053 4,008,706 2,459,061

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.5.24 31.5.23 31.5.24 31.5.23
(Unaudited) (Unaudited)
£    £    £    £   
Bank loans and overdrafts (see note 16) 887,079 605,200 - -
Trade creditors 1,610,987 1,297,869 - -
Tax 732,321 434,849 14,949 17,125
Social security and other taxes 58,046 187,463 - -
VAT 422,399 332,822 - -
Other creditors 1,598,717 1,283,470 249,500 49,500
Directors' current accounts 675,202 669,696 - -
Accrued expenses 31,886 37,016 1,620 1,080
6,016,637 4,848,385 266,069 67,705

The bank loans are secured by fixed and floating charge over the assets of the company.

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
31.5.24 31.5.23 31.5.24 31.5.23
(Unaudited) (Unaudited)
£    £    £    £   
Bank loans (see note 16) 1,319,983 153,480 - -
Other loans (see note 16) 25,251 36,002 - -
Amounts owed to group undertakings - - 1,498,638 1,669,752
Other creditors 1,091,448 525,314 799,464 -
2,436,682 714,796 2,298,102 1,669,752

The bank loans are secured by fixed and floating charge over the assets of the company.

16. LOANS

An analysis of the maturity of loans is given below:

Group
31.5.24 31.5.23
(Unaudited
£    £   
Amounts falling due within one year or on demand:
Bank loans 887,079 605,200
Amounts falling due between one and two years:
Bank loans - 1-2 years 1,225,259 31,667
Other loans - 1-2 years 25,251 36,002
1,250,510 67,669
Amounts falling due between two and five years:
Bank loans - 2-5 years 94,724 121,813

Inventure Holdings Limited (Registered number: 09600533)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 May 2024

17. SECURED DEBTS

The following secured debts are included within creditors:

Group
31.5.24 31.5.23
(Unaudited
£    £   
Bank loans 2,207,062 -

Fixed and Floating charge over the assets of the company.

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary Shares £1 100 100

19. RESERVES

Group
Retained Other
earnings reserves Totals
£    £    £   

At 1 June 2023 8,453,713 9,151 8,462,864
Profit for the year 2,260,515 2,260,515
Dividends (60,000 ) (60,000 )
At 31 May 2024 10,654,228 9,151 10,663,379