Reflaunt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Reflaunt Ltd
c/o Browne Jacobson LLP (Cs)
6 Bevis Marks, Bury Court
London
EC3A 7BA

Principal activity

The principal activity of the Company is the resale of clothing.

These financial statements were authorised for issue by the Board on 20 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company made a loss in the year and has net current liabilities. The company is dependent on the support from its shareholder to continue as a going concern. The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Reflaunt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties and investments in non-puttable ordinary shares.

Financial assets that are 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 profit or loss.

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.

Debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Reflaunt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3	Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Directors' opinion there are no significant judgements or key sources of estimation uncertainty.

4	Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 0 (2024 - 1).

5

Debtors

Current	2025 £	2024 £
Trade debtors	17,673	-
Other debtors	4,078	14,033
	21,751	14,033

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		38,954	10,322
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest	9	16,896	16,896
Accruals and deferred income		5,214	4,510
		61,064	31,728

Reflaunt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £Nil) per ordinary share		-		-

9	Related party transactions

Director
During the year, the director advanced funds to the company totalling £153,920 (2024: £nil) and received repayments totalling £156,712 (2024: £nil). At the balance sheet date the amounts owed from the shareholder totalled £2,526 (2024: £266).

Reflaunt PTE Ltd
During the year, Reflaunt PTE Ltd advanced funds to the company totalling £nil (2024: £nil) and received repayment totalling £nil (2024: £nil). At the balance sheet date the amounts owed to Reflaunt PTE Ltd totalled £16,896 (2024: £16,896).