REGISTERED NUMBER: 09425031 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

AMI PARIS UK LTD

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4

DIRECTOR:

A Mattiussi

REGISTERED OFFICE:

5th Floor Halo

Counterslip

Bristol

BS1 6AJ

REGISTERED NUMBER:

09425031 (England and Wales)

AUDITORS:

Gravita Audit Western Limited

Chartered Accountants and Statutory Auditors

Bath House

6-8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Tangible assets

4

2,196,555

1,687,099

CURRENT ASSETS

Stocks

715,448

681,734

Debtors

5

682,601

375,871

Cash at bank and in hand

793,945

119,936

2,191,994

1,177,541

CREDITORS

Amounts falling due within one year

6

(3,539,930

)

(2,917,698

)

NET CURRENT LIABILITIES

(1,347,936

)

(1,740,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

848,619

(53,058

)

PROVISIONS FOR LIABILITIES

(302,089

)

(134,716

)

NET ASSETS/(LIABILITIES)

546,530

(187,774

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

546,529

(187,775

)

SHAREHOLDERS' FUNDS

546,530

(187,774

)

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

A Mattiussi - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 March 2023

1

(1,131,318

)

(1,131,317

)

Changes in equity

Profit for the year

-

943,543

943,543

Total comprehensive income

-

943,543

943,543

Balance at 29 February 2024

1

(187,775

)

(187,774

)

Changes in equity

Profit for the year

-

734,304

734,304

Total comprehensive income

-

734,304

734,304

Balance at 28 February 2025

1

546,529

546,530

1.	COMPANY INFORMATION

Ami Paris UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activities and nature of its operations was that of store retailing.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The Director has reviewed and considered relevant information, including the annual budget and future cash flows in making his assessment. Based on these assessments, the Director has concluded that the Company can continue to adopt the going concern basis in preparing the annual report and accounts.

This assumes that the company will have sufficient financial resources to continue trading. As at 28 February 2025 the company has net current liabilities of £1,347,936.

Within this position is a loan from AMI Paris SAS, parent company of £2,939,820.

AMI Paris SAS has indicated that they will provide continued support to the company for at least a period of twelve months from the date these accounts were approved, and the loan to the company will not be called for repayment until the company is in a financial position to do so.

On this basis, The Director considers the going concern basis of preparation of the financial statements to be appropriate.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year 28 February 2025 and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets

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

Short leasehold property

-

10% on reducing balance

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Provision is made against the carrying value of stocks where the net realisable value is less than the cost of stock held.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translating differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Short

Improvements

Fixtures

leasehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

52,187

1,996,086

47,512

3,815

2,099,600

Additions

90,887

501,143

151,896

2,172

746,098

At 28 February 2025

143,074

2,497,229

199,408

5,987

2,845,698

DEPRECIATION

At 1 March 2024

18,403

368,624

22,578

2,896

412,501

Charge for year

7,922

195,756

32,021

943

236,642

At 28 February 2025

26,325

564,380

54,599

3,839

649,143

NET BOOK VALUE

At 28 February 2025

116,749

1,932,849

144,809

2,148

2,196,555

At 29 February 2024

33,784

1,627,462

24,934

919

1,687,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,203

19,561

Other debtors

494,405

239,615

Prepayments and accrued income

163,993

116,695

682,601

375,871

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

39,867

95,837

Amounts owed to group undertakings

2,939,820

2,515,818

Tax

70,058

-

Social security and other taxes

16,976

-

VAT

311,948

146,057

Other creditors

2,326

2,684

Accruals and deferred income

158,935

157,302

3,539,930

2,917,698

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

898,333

959,292

Between one and five years

2,980,000

3,210,000

In more than five years

3,008,750

3,753,750

6,887,083

7,923,042

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

The Report of the Auditors was unqualified.

Matthew Bracher BSc FCA (Senior Statutory Auditor)

for and on behalf of Gravita Audit Western Limited

9.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with AMI Paris SAS the company's parent entity. These transactions were all on an arm's length basis under normal commercial conditions. At the year end date the amount owed to AMI Paris SAS is £2,939,820 (2024 - £2,515,818), which includes accrued interest of £70,408 (2024: £nil). Interest on the loan is charged at a rate of 2.71% per annum, effective from 1 March 2024.

10.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of AMI Paris SAS, a company incorporated in France.