Company No: 03687321 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	17,360		25,168
Investments	5	1		1
		17,361		25,169
Current assets
Debtors	6	5,850,797		4,999,017
Cash at bank and in hand		974,593		665,592
		6,825,390		5,664,609
Creditors: amounts falling due within one year	7	( 1,624,892)		( 1,466,537)
Net current assets		5,200,498		4,198,072
Total assets less current liabilities		5,217,859		4,223,241
Net assets		5,217,859		4,223,241
Capital and reserves
Called-up share capital	8	83		83
Capital redemption reserve		25		25
Profit and loss account		5,217,751		4,223,133
Total shareholder's funds		5,217,859		4,223,241

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Promotions Factory Limited (registered number: 03687321) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Raymond Jaffe Director

23 October 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Promotions Factory Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Fixtures and fittings	20 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

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

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	26		27

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	88,871		68,589		172,180		329,640
Additions	0		1,163		8,036		9,199
At 31 March 2025	88,871		69,752		180,216		338,839
Accumulated depreciation
At 01 April 2024	81,818		60,846		161,808		304,472
Charge for the financial year	7,053		1,742		8,212		17,007
At 31 March 2025	88,871		62,588		170,020		321,479
Net book value
At 31 March 2025	0		7,164		10,196		17,360
At 31 March 2024	7,053		7,743		10,372		25,168

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	1		1
At 31 March 2025	1		1
Carrying value at 31 March 2025	1		1
Carrying value at 31 March 2024	1		1

6. Debtors

	2025		2024
	£		£
Trade debtors	925,592		711,576
Amounts owed by parent undertakings	4,923,171		4,234,368
Other debtors	2,034		53,073
	5,850,797		4,999,017

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,187,147		995,369
Taxation and social security	406,824		403,635
Other creditors	30,921		67,533
	1,624,892		1,466,537

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
83,323 A Ordinary shares of £ 0.001 each	83		83

9. Related party transactions

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the
requirement to disclose transactions with 100% parent company.

10. Share based payments

On 8 December 2021, Options were granted over 15,000 Ordinary shares. Further options were granted over 1,250 ordinary shares on 5th December 2022. The options have an exercise price of £1 per share, and are only to be exercised in the event of a sale or listing of the company.

11. Ultimate controlling party

Parent Company:

TPF Group Holdings Limited