Company Registration No. 05641581 (England and Wales)
Manutan Traders Group Limited
Annual report and financial statements
for the year ended 30 September 2025
Manutan Traders Group Limited
Company information
Directors
P-O Brial
X Guichard
M Verdonkschot
Company number
05641581
Registered office
Units 3 - 4 Scimitar Park
Courtauld Road
Basildon
Essex
SS13 1ND
Independent auditor
Forvis Mazars LLP
5th Floor
Merck House
Seldown Lane
Poole
Dorset
BH15 1TW
Manutan Traders Group Limited
Contents
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Notes to the financial statements
11 - 13
Manutan Traders Group Limited
Strategic report
For the year ended 30 September 2025
1

The directors present the strategic report for the year ended 30 September 2025.

Review of the business

The Company continues to operate as a holding company. Dividends received in the prior year relate to its subsidiary company; IronmongeryDirect Limited.

Principal risks and uncertainties

No risks and uncertainties have been identified.

Financial key performance indicators

The Company has no employees and no administrative expenses, accordingly no key performance measures have been identified.

Future developments

The Company will continue as a holding company with minimal levels of expenditure.

Promoting the success of the company

On behalf of the board

M Verdonkschot
Director
17 December 2025
Manutan Traders Group Limited
Directors' report
For the year ended 30 September 2025
2

The directors present their annual report and financial statements for the year ended 30 September 2025.

Results and dividends

The profit for the period, after taxation, amounted to £NIL (2024: £2,085,186).

During the year, an ordinary dividend of £NIL (2024: £2,085,186) was paid.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

P-O Brial
X Guichard
M Verdonkschot
Going concern

The Directors have reviewed the Companies position and are satisfied that it is appropriate to adopt the going concern basis in the preparation of these financial statements. No cashflow is prepared as the Company is a holding company.

Post reporting date events

There have been no significant events affecting the Company since the year end.

Future developments

The Company's overriding objective is to achieve attractive and sustainable rates of growth and returns through organic growth within the group's trading company, IronmongeryDirect Limited.

Auditor

The auditor, Forvis Mazars LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Financial year end

The company has taken advantage of the ability to flex the end of the financial year, in accordance with the Companies Act 2006 section 390 (3). Accordingly the accounts have been prepared with a financial year to 30 September 20 25.

On behalf of the board
M Verdonkschot
Director
17 December 2025
Manutan Traders Group Limited
Directors' responsibilities statement
For the year ended 30 September 2025
3

The directors are responsible for preparing the annual report 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Manutan Traders Group Limited
Independent auditor's report
To the members of Manutan Traders Group Limited
4
Opinion

We have audited the financial statements of Manutan Traders Group Limited (the ‘company’) for the year ended 30 September 202 5 which comprise of the statement of comprehensive income, the statement of financial position, the statement of changes in equity 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 FRS 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 company’s affairs as at 30 and of its result 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 “Auditor’s responsibilities for the audit of the financial statements” section of our report. We are independent of the company 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 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. 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.

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 course of 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.

Manutan Traders Group Limited
Independent auditor's report (continued)
To the members of Manutan Traders Group Limited
5

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 strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements

Matters on which we are required to report by exception

In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.

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

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

- the 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 directors’ responsibilities statement set out on page 3, 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor’s report 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 the financial statements.

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

Manutan Traders Group Limited
Independent auditor's report (continued)
To the members of Manutan Traders Group Limited
6

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements, employment regulation, health and safety regulation, anti-money laundering regulation.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

- Inquiring of management and, where appropriate, those charged with governance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;

- Inspecting correspondence, if any, with relevant licensing or regulatory authorities;

- Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and

- Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Companies Act 2006.

In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates.

Our audit procedures in relation to fraud included but were not limited to:

- Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

- Gaining an understanding of the internal controls established to mitigate risks related to fraud;

- Discussing amongst the engagement team the risks of fraud; and

- Addressing the risks of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

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 auditor’s report.

Manutan Traders Group Limited
Independent auditor's report (continued)
To the members of Manutan Traders Group Limited
7

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 an auditor’s report 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.

Julie Breakell for and on behalf of Forvis Mazars LLP
Chartered Accountants and Statutory Auditors
18 December 2025
5th Floor
Merck House
Seldown Lane
Poole
Dorset
BH15 1TW
Manutan Traders Group Limited
Statement of comprehensive income
For the year ended 30 September 2025
8
2025
2024
£
£
Income from shares in group undertakings
-
0
2,085,186
Profit before taxation
-
0
2,085,186
Tax on profit
-
0
-
0
Profit for the financial year
-
0
2,085,186

There were no recognised gains and losses for 20 25 or 20 24 other than those included in the profit and loss account.

There was no other comprehensive income for 20 25 (20 24: £NIL).

The notes on pages 11 to 13 form part of these financial statements.

Manutan Traders Group Limited
Statement of financial position
As at 30 September 2025
9
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
5
1,000
1,000
Current assets
Debtors
7
3,954
3,954
Net current assets
3,954
3,954
Total assets less current liabilities
4,954
4,954
Capital and reserves
Called up share capital
8
1,400
1,400
Profit and loss reserves
3,554
3,554
Total equity
4,954
4,954
The financial statements were approved by the board of directors and authorised for issue on 17 December 2025 and are signed on its behalf by:
M Verdonkschot
Director
Company Registration No. 05641581
The notes on pages 11 to 13 form part of these financial statements.
Manutan Traders Group Limited
Statement of changes in equity
For the year ended 30 September 2025
10
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 27 September 2022
1,400
3,554
4,954
Year ended 30 September 2024:
Profit and total comprehensive income
-
2,085,186
2,085,186
Dividends
4
-
(2,085,186)
(2,085,186)
Balance at 30 September 2024
1,400
3,554
4,954
Year ended 30 September 2025:
Profit and total comprehensive income
-
-
0
-
0
Balance at 30 September 2025
1,400
3,554
4,954
Manutan Traders Group Limited
Notes to the financial statements
For the year ended 30 September 2025
11
1
Accounting policies
Company information

Manutan Traders Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 3 - 4 Scimitar Park, Courtauld Road, Basildon, Essex, SS13 1ND.

The principal activity of the company continued to be that of a group holding company.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The Company is itself a subsidiary company and is exempt from the requirement to prepare group accounts by virtue of section 400 of the Companies Act 2006. These financial statements therefore present information about the company as an individual and not about the group.

The preparation of financial statements in compliance with FRS 102 requires the use of certain

critical accounting estimates. It also requires management to exercise judgement in applying the

Company's accounting policies.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

This information is included in the consolidated financial statements of Manutan Holdings SA S as at 30 September 20 25 and these financial statements may be obtained from the address given in note 1 1.

1.2
Going concern

The Directors have reviewed the Companies position and are satisfied that it is appropriate to adopt the going concern basis in the preparation of these financial statements. No cashflow is prepared as the Company is a holding company and the only activity is dividends.true

Manutan Traders Group Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
12
1.3
Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2
Auditor's remuneration

The audit fee for the Company is paid by a subsidiary company; IronmongeryDirect Ltd.

3
Employees

The C ompany has no employees other than the directors, who did not receive any remunerati on (20 24: £N IL).

4
Dividends
2025
2024
£
£
Dividends paid on equity capital
-
0
2,085,186
5
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
6
1,000
1,000
Manutan Traders Group Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
13
6
Subsidiaries

Details of the Company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Class of
% Held
shares held
Direct
Indirect
IronmongeryDirect Ltd
Ordinary
100.00
0
Essex Electrical Wholesalers (Braintree) Limited
Ordinary
100.00
0
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,554
3,554
Other debtors
400
400
3,954
3,954
8
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,400
1,400
1,400
1,400
9
Reserves

Profit and loss account

The profit and loss account is made up of distributable reserves less any dividends paid.

10
Related party transactions

Advantage has been taken of the exemptions in FRS102 section 33 not to disclose certain group transactions on the grounds that the Company is itself a wholly owned subsidiary and the Company's subsidiaries are also wholly owned.

11
Ultimate controlling party

The C ompany is controlled by its ultimate controlling party, Manutan Holdings SA S, a n unquoted company registered in France.

The largest group in which the results of the C ompany are consolidated is that headed by Manutan Holding SAS, incorporated in France. The consolidated financial statements are available upon request from Manutan Holdings SAS, ZAC du Parc des Tulipes, Avenue du 21eme Siede, 95506 Gonesse, France.

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