REGISTERED NUMBER: 15530045 (England and Wales)

Financial Statements

for the Period

28 February 2024 to 31 January 2025

for

WOLF EYEWEAR GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T B Wolfenden

Mrs J M Wolfenden

Mr I M Wolfenden

REGISTERED OFFICE:

Unit 2 Oakwood Enterprise Park

Rowden Lane

Ledburn

Bedfordshire

LU7 0GR

REGISTERED NUMBER:

15530045 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investments

4

1,864,838

CURRENT ASSETS

Debtors

5

663,341

Cash at bank

4,741

668,082

CREDITORS

Amounts falling due within one year

6

441,698

NET CURRENT ASSETS

226,384

TOTAL ASSETS LESS CURRENT LIABILITIES

2,091,222

CREDITORS

Amounts falling due after more than one year

7

2,089,738

NET ASSETS

1,484

CAPITAL AND RESERVES

Called up share capital

9

101

Retained earnings

10

1,383

SHAREHOLDERS' FUNDS

1,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr T B Wolfenden - Director

1.	STATUTORY INFORMATION

Wolf Eyewear Group 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1,864,838

At 31 January 2025

1,864,838

NET BOOK VALUE

At 31 January 2025

1,864,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

656,160

Prepayments and accrued income

7,181

663,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other loans

100,000

Trade creditors

2,282

Amounts owed to group undertakings

309,667

Directors' current accounts

11,210

Accruals and deferred income

18,539

441,698

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans - 1-2 years

100,000

Other loans - 2-5 years

300,000

Other loans more 5yrs instal

1,425,000

Other Creditors

264,738

2,089,738

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,425,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other loan

1,925,000

The loan is secured over the fixed and floating assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

47

A Ordinary

50p

24

47

B Ordinary

50p

24

50

C Ordinary

50p

25

50

D Ordinary

50p

25

2

E Ordinary

50p

1

2

F Ordinary

50p

1

2

G Ordinary

50p

1

101

The following shares were issued during the period for cash at par :

47 A Ordinary shares of 50p

47 B Ordinary shares of 50p

50 C Ordinary shares of 50p

50 D Ordinary shares of 50p

2 E Ordinary shares of 50p

2 F Ordinary shares of 50p

2 G Ordinary shares of 50p

10.

RESERVES

Retained

earnings

£

Profit for the period

119,243

Dividends

(117,860

)

At 31 January 2025

1,383

11.	OTHER FINANCIAL COMMITMENTS

Deferred consideration arising from the acquisition of White Optics Ltd is payable over three years. The future payment of £300,000 has been discounted to its present value using a 10% discount rate, resulting in initial recognition of £264,379. The balance as at the reporting date is £300,000, payable quarterly and the final payment being on 30th April 2027.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, there is an amount of £656,160 owed by Wolf Eyewear Limited and £309,667 owed to White Optics Limited, companies related by virtue of the fact that they are under common control.