for the Period Ended 31 March 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2025
Principal activities of the company
Additional information
Going concern The directors have considered the appropriateness of adopting the going concern basis in preparing these financial statements. In forming their assessment, the directors have reviewed detailed forecasts to October 2026 which demonstrate continued compliance with the Group’s debt covenants for at least 12 months from the date of approval of these financial statements. Sensitivity analysis has also been applied, which in certain scenarios indicate potential covenant breaches. In response, the directors have identified and committed to mitigating actions that would prevent such breaches. In addition, the Group has obtained a formal letter of support from the Group’s majority shareholder, Inflexion, confirming that it will continue to provide financial support to the Group for a period of at least 12 months from the date of these financial statements are signed. Taking these factors into account, the directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.
Directors
The director shown below has held office during the whole of the period from
30 January 2024
to
31 March 2025
The director shown below has held office during the period of
28 January 2025
to
31 March 2025
The director shown below has held office during the period of
8 July 2024
to
31 March 2025
The director shown below has held office during the period of
12 April 2024
to
31 March 2025
The director shown below has held office during the period of
12 April 2024
to
28 January 2025
The directors shown below have held office during the period of
3 April 2024
to
12 April 2024
The directors shown below have held office during the period of
30 January 2024
to
3 April 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 14 months to 31 March 2025 | ||
|---|---|---|
|
|
£ |
|
| Turnover: |
|
|
| Cost of sales: |
|
|
| Gross profit(or loss): |
|
|
| Distribution costs: |
|
|
| Administrative expenses: |
(
|
|
| Other operating income: |
|
|
| Operating profit(or loss): |
( |
|
| Interest receivable and similar income: |
|
|
| Interest payable and similar charges: |
(
|
|
| Profit(or loss) before tax: |
( |
|
| Tax: |
|
|
| Profit(or loss) for the financial year: |
( |
As at
| Notes | 14 months to 31 March 2025 | ||
|---|---|---|---|
|
|
£ |
||
| Called up share capital not paid: |
|
||
| Fixed assets | |||
| Intangible assets: |
|
||
| Tangible assets: |
|
||
| Investments: | 3 |
|
|
| Total fixed assets: |
|
||
| Current assets | |||
| Stocks: |
|
||
| Debtors: | 4 |
|
|
| Cash at bank and in hand: |
|
||
| Investments: |
|
||
| Total current assets: |
|
||
| Prepayments and accrued income: |
|
||
| Creditors: amounts falling due within one year: | 5 |
(
|
|
| Net current assets (liabilities): |
( |
||
| Total assets less current liabilities: |
|
||
| Creditors: amounts falling due after more than one year: | 6 |
(
|
|
| Provision for liabilities: |
|
||
| Accruals and deferred income: |
|
||
| Total net assets (liabilities): |
|
||
| Capital and reserves | |||
| Called up share capital: |
|
||
| Share premium account: |
|
||
| Other reserves: |
|
||
| Profit and loss account: |
( |
||
| Total Shareholders' funds: |
|
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2025
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 March 2025
| 14 months to 31 March 2025 | ||
|---|---|---|
| Average number of employees during the period |
|
for the Period Ended 31 March 2025
On 12 April 2024, Orchard Bidco acquired 100% of the share capital of UP Global Pte Ltd for consideration of £69,744,198 plus directly attributable costs of £4,768,162. Impairment losses of £8,592,438 were recognised in relation to this investment during the period.
for the Period Ended 31 March 2025
| 14 months to 31 March 2025 | ||
|---|---|---|
| £ | ||
| Trade debtors |
|
|
| Prepayments and accrued income |
|
|
| Other debtors |
|
|
| Total |
|
|
| Debtors due after more than one year: |
|
for the Period Ended 31 March 2025
| 14 months to 31 March 2025 | ||
|---|---|---|
| £ | ||
| Bank loans and overdrafts |
|
|
| Amounts due under finance leases and hire purchase contracts |
|
|
| Trade creditors |
|
|
| Taxation and social security |
|
|
| Accruals and deferred income |
|
|
| Other creditors |
|
|
| Total |
|
for the Period Ended 31 March 2025
| 14 months to 31 March 2025 | ||
|---|---|---|
| £ | ||
| Bank loans and overdrafts |
|
|
| Amounts due under finance leases and hire purchase contracts |
|
|
| Other creditors |
|
|
| Total |
|