REGISTERED NUMBER: 12473730 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

ROJA PARFUMS HOLDINGS II LIMITED

Page

Group Strategic Report

1

Report of the Directors

2

Report of the Independent Auditors

4

Consolidated Statement of Income and Retained Earnings

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Cash Flow Statement

10

Notes to the Consolidated Financial Statements

11

The directors present their strategic report of the company and the group for the year ended 31st March 2025.

The group is involved in the manufacturing and sales of perfumes through a boutique, website, exclusive distributors and wholesalers globally.

REVIEW OF BUSINESS

The group is an independent luxury fragrance house, established in Mayfair, London in 2011. Pioneers of haute perfumery, the House of Roja is the authority of fine fragrance, crafted like precious jewellery. Made in England, we believe each piece will become an expression of your personality.

Key performance indicators

2025

2024

Change

£

£

%

Sales

19,726,322

17,152,401

15

Gross profit

14,344,926

12,268,294

17

Operating profit

5,674,555

5,317,888

7

Sales grew by 15%, driven by strong growth in key regions: the Middle East, South America, Africa, Asia, and the UK.

The group continues to foster a culture of innovation and exploration, consistently introducing groundbreaking ideas to the market through its distinctive product launches. By staying ahead of industry trends, the group has solidified its reputation as a forward-thinking brand.

In line with its strategic goals, the brand is leveraging the momentum of emerging market trends, positioning itself perfectly to capture sustainable long-term growth. This focus is particularly strong in the US, central Europe, Middle East, South America and Asia, where demand for modern luxury is rapidly evolving, and the group is well-placed to redefine the sector in these key regions.

As part of its ambitious growth strategy, Roja London will reinforce our authority in modern haute perfumery globally. We will do this through elevating our position as the authority on fine fragrance, expanding the ROJA universe to express brand identity, and communication.

PRINCIPAL RISKS AND UNCERTAINTIES

The group has a balance of costs and revenue in GBP, USD and EUR and the directors do not feel there is significant exposure to currency fluctuations.

SUSTAINABILITY

Here at Roja London we understand there is an urgent need for a global effort towards more sustainable methods of operation.

Roja London was awarded The Butterfly Mark accreditation from Positive Luxury. Building on this, our move towards sustainable packaging demonstrates our brand's commitment to ethical practices and corporate responsibility. For many of our consumers, the choice to purchase a perfume goes beyond the scent itself; it's a decision that reflects personal values and a desire to contribute to a more sustainable world. Within our supply chain and procurement structure, manufacturers face the challenge of balancing sustainability with the need to maintain the luxury aesthetic that is synonymous with perfumery. We have therefore made changes already to innovate and find materials and designs that are both environmentally friendly and visually appealing.

ON BEHALF OF THE BOARD:

A Minard - Director

27th November 2025

The directors present their report with the financial statements of the company and the group for the year ended 31st March 2025.

DIVIDENDS

Interim dividends amounting to £3,000,000 (2024: £2,900,000) were declared. No final dividend has been recommended.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

P J Causer

R J Dove

J R Kelly

A Minard

D D Venton

DISCLOSURE IN THE STRATEGIC REPORT

The group has chosen, in accordance with the Companies Act 2006 s414C(11), to set out in the group's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

A Minard - Director

27th November 2025

Opinion

We have audited the financial statements of Roja Parfums Holdings II Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st March 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31st March 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we considered the risk of non-compliance with laws and regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed included:

-

Enquiring of management whether there were instances of non-compliance with laws and regulation or fraud;

-

Review of legal expenses for evidence of fees relating to non-compliance;

-

Reviewing journal entries, non-sales bank receipts and non-purchase bank payments for unusual accounting entries;

-

Substantive revenue cut off testing to confirm that revenue had been recognised in the correct period; and

-

Substantive revenue occurrence testing to confirm that revenue relates to a valid customer transaction.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christian Heeger BSc FCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

Statutory Auditors

15 West Street

Brighton

East Sussex

BN1 2RL

11th December 2025

TURNOVER

3

19,726,322

17,152,401

Cost of sales

(5,381,396

)

(4,884,107

)

GROSS PROFIT

14,344,926

12,268,294

Distribution costs

(2,731,947

)

(2,233,753

)

Administrative expenses

(5,938,424

)

(4,716,653

)

OPERATING PROFIT

5

5,674,555

5,317,888

Interest receivable and similar income

2,868

2,573

5,677,423

5,320,461

Interest payable and similar expenses

6

(11,429

)

(5,740

)

PROFIT BEFORE TAXATION

5,665,994

5,314,721

Tax on profit

7

(1,443,532

)

(1,352,098

)

PROFIT FOR THE FINANCIAL YEAR

4,222,462

3,962,623

Retained earnings at beginning of year

7,785,743

6,723,120

Dividends

9

(3,000,000

)

(2,900,000

)

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

9,008,205

7,785,743

Profit attributable to:

Owners of the parent

4,222,462

3,962,623

FIXED ASSETS

Intangible assets

10

194,101

-

Tangible assets

11

104,692

50,680

Investments

12

-

-

298,793

50,680

CURRENT ASSETS

Stocks

13

5,769,376

4,339,779

Debtors

14

5,000,658

4,586,852

Cash at bank and in hand

841,092

1,321,962

11,611,126

10,248,593

CREDITORS

Amounts falling due within one year

15

2,788,403

2,379,501

NET CURRENT ASSETS

8,822,723

7,869,092

TOTAL ASSETS LESS CURRENT LIABILITIES

9,121,516

7,919,772

CREDITORS

Amounts falling due after more than one year

16

-

(34,167

)

PROVISIONS FOR LIABILITIES

18

(111,411

)

(97,962

)

NET ASSETS

9,010,105

7,787,643

CAPITAL AND RESERVES

Called up share capital

19

1,900

1,900

Retained earnings

9,008,205

7,785,743

SHAREHOLDERS' FUNDS

9,010,105

7,787,643

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2025 and were signed on its behalf by:

A Minard - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

1,900

1,900

1,900

1,900

TOTAL ASSETS LESS CURRENT LIABILITIES

1,900

1,900

CAPITAL AND RESERVES

Called up share capital

19

1,900

1,900

SHAREHOLDERS' FUNDS

1,900

1,900

Company's profit for the financial year

3,000,000

2,900,000

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2025 and were signed on its behalf by:

A Minard - Director

Cash flows from operating activities

Cash generated from operations

22

4,088,201

2,862,235

Interest paid

(11,429

)

(5,740

)

Tax paid

(1,229,240

)

(1,178,226

)

Net cash from operating activities

2,847,532

1,678,269

Cash flows from investing activities

Purchase of intangible fixed assets

(208,942

)

-

Purchase of tangible fixed assets

(122,328

)

(33,648

)

Interest received

2,868

2,573

Net cash from investing activities

(328,402

)

(31,075

)

Cash flows from financing activities

Equity dividends paid

(3,000,000

)

(2,900,000

)

Net cash from financing activities

(3,000,000

)

(2,900,000

)

Decrease in cash and cash equivalents

(480,870

)

(1,252,806

)

Cash and cash equivalents at beginning of year

23

1,321,962

2,574,768

Cash and cash equivalents at end of year

23

841,092

1,321,962

1.	Statutory information

Roja Parfums Holdings II Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12473730

Registered office:

41 New England Street

Brighton

BN1 4GQ

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

The principal activity of the group was the distribution and retail of perfumes and related products.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The parent company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirement of paragraph 3.17(d);

- the requirement of paragraph 33.7.

Basis of consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

All intra-group transactions, balances, income and expenses are eliminated on consolidation. Adjustments are made to eliminate the profit or loss arising on transactions with associates to the extent of the group’s interest in the entity.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical judgements

There are no critical judgements.

Key accounting estimates and assumptions

The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

i. Stock provision

Provision is made for obsolete stock. This requires management’s best estimate of the value of stock that will not be sold or used, or will be sold at less than carrying value, based on discontinued or unwanted stock.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of discounts and rebates allowed by the group and value added taxes.

The group recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer, (b) the group retains no continuing involvement or control over the goods. (c) the amount of revenue can be measured reliably, (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the group’s sales channels have been met, as described below.

i Sale of goods - distributors and internet based transactions

The group sells goods globally to distributors. Revenue is recognised when the risks and rewards of the inventory are passed to the customer. This is the point of acceptance of the goods by the group. Transactions are credit sales.

ii. Sale of goods - retail

The group operates a retail shop for the sale of own branded products. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card.

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:

Trademarks: over the life of the trademark (7 - 15 years)

Amortisation is included in ‘administrative expenses’ in the profit and loss account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - straight line on cost over 3 to 8 years

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

The group only enters into basic financial instruments that result in the recognition of financial assets and liabilities, such as trade debtors and trade creditors.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Debtors and creditors receivable or payable after one year are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Investments in subsidiaries

Investments in subsidiaries are measured as cost less accumulated impairment.

Provisions

Provisions are recognised when the group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount of the obligation can be estimated reliably.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

3.

Turnover

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

2,860,386

2,475,535

Europe

2,168,369

2,751,023

United States of America

2,757,801

2,883,836

South America

1,681,648

1,059,399

Asia

1,620,576

1,157,959

Internet

2,464,882

2,479,961

Middle East

3,784,498

2,836,563

CIS

1,822,844

1,198,268

Africa

565,318

309,857

19,726,322

17,152,401

Turnover was from the sale of goods for both the current and prior years.

4.	Employees and directors

2025

2024

£

£

Wages and salaries

2,433,012

2,152,966

Social security costs

277,283

242,741

Other pension costs

44,533

34,451

2,754,828

2,430,158

The average number of employees during the year was as follows:

2025

2024

Retail

16

12

Administration

18

17

Management

5

5

39

34

2025

2024

£

£

Directors' remuneration

759,441

644,445

Directors' pension contributions to money purchase schemes

3,182

3,715

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

4

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

650,443

536,237

Pension contributions to money purchase schemes

1,761

1,761

5.	Operating profit

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

504,125

341,901

Depreciation - owned assets

68,316

28,357

Patents and licences amortisation

14,841

-

Auditors' remuneration

3,200

3,000

Foreign exchange differences

215,771

(39,086

)

6.

Interest payable and similar expenses

2025

2024

£

£

Interest on overdue tax

11,429

5,740

7.

Taxation

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

1,430,083

1,352,464

Deferred tax

13,449

(366

)

Tax on profit

1,443,532

1,352,098

UK corporation tax has been charged at 25 % (2024 - 25 %).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

5,665,994

5,314,721

Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %)

1,416,499

1,328,680

Effects of:

Expenses not deductible for tax purposes

26,176

25,829

Tax at different rates

-

(2,411

)

Withholding tax paid

857

-

Total tax charge

1,443,532

1,352,098

8.	Individual income statement

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

9.

Dividends

2025

2024

£

£

Ordinary shares of £1 each

Interim

3,000,000

2,900,000

10.	Intangible fixed assets

Group

Patents

and

licences

£

COST

Additions

208,942

At 31st March 2025

208,942

AMORTISATION

Amortisation for year

14,841

At 31st March 2025

14,841

NET BOOK VALUE

At 31st March 2025

194,101

11.	Tangible fixed assets

Group

Fixtures

and

fittings

£

COST

At 1st April 2024

127,977

Additions

122,328

At 31st March 2025

250,305

DEPRECIATION

At 1st April 2024

77,297

Charge for year

68,316

At 31st March 2025

145,613

NET BOOK VALUE

At 31st March 2025

104,692

At 31st March 2024

50,680

12.	Fixed asset investments

Company

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

1,900

NET BOOK VALUE

At 31st March 2025

1,900

At 31st March 2024

1,900

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Roja Parfums Holdings Limited

Registered office: 41 New England Street, New England Quarter, Brighton BN1 4GQ

Nature of business: Distribution and retail of perfumes

%

Class of shares:

holding

Ordinary B

100.00

Roja Parfums Holdings Limited is included in the consolidated financial statements.

Roja Dove Limited

Registered office: 41 New England Street, New England Quarter, Brighton BN1 4GQ

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

Roja Dove Limited was dissolved on 14 January 2025. Roja Dove Limited is included in the consolidated financial statements to the point of dissolution. The shareholding was held indirectly through Roja Parfums Holdings Limited.

13.

Stocks

Group

2025

2024

£

£

Raw materials

4,641,552

3,359,931

Finished goods

1,127,824

979,848

5,769,376

4,339,779

Stock is stated after provisions for impairment of £779,237 (2024: £788,872). The reversal of impairment loss recognised in the profit and loss is £9,635 (2024: £613,872 impairment loss).