IRIS Accounts Production v25.2.0.378 07567616 Board of Directors 1.1.24 31.12.24 31.12.24 3/12/2025 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07567616 2023-12-31 07567616 2024-12-31 07567616 2024-01-01 2024-12-31 07567616 2022-12-31 07567616 2023-01-01 2023-12-31 07567616 2023-12-31 07567616 ns15:EnglandWales 2024-01-01 2024-12-31 07567616 ns14:PoundSterling 2024-01-01 2024-12-31 07567616 ns10:Director1 2024-01-01 2024-12-31 07567616 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07567616 ns10:SmallEntities 2024-01-01 2024-12-31 07567616 ns10:Audited 2024-01-01 2024-12-31 07567616 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 07567616 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07567616 ns10:FullAccounts 2024-01-01 2024-12-31 07567616 ns10:Director4 2024-01-01 2024-12-31 07567616 ns10:Director5 2024-01-01 2024-12-31 07567616 ns10:Director6 2024-01-01 2024-12-31 07567616 ns10:CompanySecretary1 2024-01-01 2024-12-31 07567616 ns10:RegisteredOffice 2024-01-01 2024-12-31 07567616 ns5:CurrentFinancialInstruments 2024-12-31 07567616 ns5:CurrentFinancialInstruments 2023-12-31 07567616 ns5:ShareCapital 2024-12-31 07567616 ns5:ShareCapital 2023-12-31 07567616 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07567616 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 07567616 ns5:PlantMachinery 2023-12-31 07567616 ns5:PlantMachinery 2024-01-01 2024-12-31 07567616 ns5:PlantMachinery 2024-12-31 07567616 ns5:PlantMachinery 2023-12-31 07567616 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 07567616 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 07567616 ns5:CurrentFinancialInstruments 2024-01-01 2024-12-31 07567616 ns5:WithinOneYear 2024-12-31 07567616 ns5:WithinOneYear 2023-12-31 07567616 ns5:BetweenOneFiveYears 2024-12-31 07567616 ns5:BetweenOneFiveYears 2023-12-31 07567616 ns5:AllPeriods 2024-12-31 07567616 ns5:AllPeriods 2023-12-31 07567616 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 07567616 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 07567616 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

47 BRAND EUROPE LIMITED

| 47 BRAND EUROPE LIMITED (REGISTERED NUMBER: 07567616) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| 47 BRAND EUROPE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| Directors: | A Jones

| P Gils

| C Koch

| K Wilson

| Secretary: | A Jones

| Registered office: | 1st Floor East

| Cbx 2

| Midsummer Boulevard

| Milton Keynes

| United Kingdom

| MK9 2EA

| Registered number: | 07567616 (England and Wales)

| Auditors: | Corrigan Accountants Limited

| First Floor

| 25 King Street

| Bristol

| BS1 4PB

| 47 BRAND EUROPE LIMITED (REGISTERED NUMBER: 07567616) |

BALANCE SHEET

31 DECEMBER 2024

31/12/24 | 31/12/23 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 36,612 |  | 11,596 |  |

CURRENT ASSETS

Stocks | 5 | 548,890 |  | 448,682 |  |

Debtors | 6 | 3,672,985 |  | 4,293,873 |  |

Cash at bank | 1,205,755 |  | 3,759,685 |  |

5,427,630 |  | 8,502,240 |  |

CREDITORS

Amounts falling due within one year | 7 | (3,155,977 | ) | (4,238,089 | ) |

NET CURRENT ASSETS | 2,271,653 |  | 4,264,151 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,308,265 |  | 4,275,747 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 9 | 2,308,264 |  | 4,275,746 |  |

SHAREHOLDERS' FUNDS | 2,308,265 |  | 4,275,747 |  |

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 Statement of profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

A Jones - Director

| 47 BRAND EUROPE LIMITED (REGISTERED NUMBER: 07567616) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| 47 Brand Europe 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 Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| Basis of preparing the financial statements and statement of compliance

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiarieswithin the group.

| Revenue recognition

| Revenue consists of the sale of apparel and accessories.

| 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 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.

| Tangible fixed assets

| Tangible fixed assets held for the Company's own use, are stated at cost less accumulated depreciation and accumulated impairment losses.

| Depreciation is calculated over the useful economic life of that asset as follows:

| Plant and machinery - 25% reducing balance.

| Tax

| The tax expense represents the sum of the current tax expense and deferred tax expense. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

| The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

| 47 BRAND EUROPE LIMITED (REGISTERED NUMBER: 07567616) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

| The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

| Foreign currencies

| Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

| Leasing commitments

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

| Defined contribution pension obligation

| A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

| Contributions to defined contribution plans are recognised as an employee benefit expense when they are due.

| Employee Benefits

| The costs of short-term employee benefits are recognised as an expense as the services are received. The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of goods for resale comprises direct cost and, where applicable, those overheads that have been incurred in bringing the inventories to their present location and condition. At each report date, stocks are assessed for impairment.

| If stocks are impaired, the carrying amount is reduced to its selling price less cost to complete and sell; the impairment loss is recognised immediately in profit and loss.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet 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.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

| Basic financial liabilities

| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

| 47 BRAND EUROPE LIMITED (REGISTERED NUMBER: 07567616) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2023 - 12 ) .

4. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| Cost

| At 1 January 2024 | 33,316 |  |

| Additions | 30,585 |  |

| At 31 December 2024 | 63,901 |  |

| Depreciation

| At 1 January 2024 | 21,720 |  |

| Charge for year | 5,569 |  |

| At 31 December 2024 | 27,289 |  |

| Net book value

| At 31 December 2024 | 36,612 |  |

| At 31 December 2023 | 11,596 |  |

5. | STOCKS

31/12/24 | 31/12/23 |

| £ | £

| Stocks | 548,890 |  | 448,682 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31/12/24 | 31/12/23 |

| £ | £

| Trade debtors | 2,646,143 |  | 1,043,801 |  |

| Amounts owed by group undertakings | 469,277 |  | 3,186,852 |  |

| Other debtors | 3,125 |  | 6,175 |  |

| Tax | - |  | 23,476 |  |

| Deferred tax asset | 513,397 |  | 14,345 |  |

| Prepayments | 41,043 |  | 19,224 |  |

3,672,985 |  | 4,293,873 |  |

| Amounts owed by group undertakings are interest free, unsecured and repayable on demand.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31/12/24 | 31/12/23 |

| £ | £

| Trade creditors | 300,520 |  | 118,219 |  |

| Amounts owed to group undertakings | 781,979 |  | 3,481,590 |  |

| Tax | 667,484 |  | - |  |

| Social security and other taxes | 7,431 |  | 4,170 |  |

| Other creditors | 795,035 |  | 464,834 |  |

| Accrued expenses | 603,528 |  | 169,276 |  |

3,155,977 |  | 4,238,089 |  |

| 47 BRAND EUROPE LIMITED (REGISTERED NUMBER: 07567616) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| Amounts owed to group undertakings are interest free, unsecured and repayable on demand.

8. | LEASING AGREEMENTS

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

31/12/24 | 31/12/23 |

| £ | £

| Within one year | 9,258 |  | 20,000 |  |

| Between one and five years | 9,968 |  | 16,000 |  |

19,226 |  | 36,000 |  |

9. | RESERVES

Retained |

earnings |

| £

| At 1 January 2024 | 4,275,746 |  |

| Profit for the year | 236,268 |  |

| Dividends | (2,203,750 | ) |

| At 31 December 2024 | 2,308,264 |  |

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

| As the profit and loss account has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

| - The audit report was unqualified.

| - The senior statutory auditor was David Wright BSc FCA.

| - The auditor was Corrigan Accountants Limited.

11. | ULTIMATE CONTROLLING PARTY

| The immediate parent of the company is '47 Brand, LLC a company incorporated in the State of Delaware, in the United States of America.

| Effective from 8 August 2024, the ultimate parent company changed from 47 Brand, LLC to New Era Cap Global, LLC. New Era Cap Global, LLC is a company incorporated in the State of Delaware in the United States of America, with its registered office situated at 160 Delaware Avenue, Buffalo, New York 14202, United States of America.