Company registration number 15876349 (England and Wales)
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2025
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
COMPANY INFORMATION
Directors
S D Crowther
(Appointed 7 October 2024)
J C Ridgard
(Appointed 29 October 2024)
P P Crowther
(Appointed 29 October 2024)
Company number
15876349
Registered office
G8 G Mill
Dean Clough Mills
Halifax
West Yorkshire
HX3 5WD
Auditor
Afford Bond Holdings Limited
31 Wellington Road
Nantwich
Cheshire
CW5 7ED
Bankers
Barclays Bank PLC
Halifax Branch
39/47 Commercial Street
Halifax
HX1 1BE
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 5
Independent auditor's report
6 - 8
Group statement of comprehensive income
9
Group and Company balance sheets
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Company statement of cash flows
14
Notes to the financial statements
15 - 37
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 JULY 2025
- 1 -

The directors present the strategic report for the period ended 31 July 2025.

Fair review of the business

The directors are pleased to report a strong start for the group in its first year. Both of its subsidiaries (Prestige Gifting Limited and Flowerline Limited), which are well established trading companies, have seen year on year turnover and net asset growth.

Key financial indicators, which reflect the financial performance and position of the group during the period, include turnover, net assets and average number of employees. Group turnover in this first period was £36,097,752, combined net assets £12,541,978 (£11,410,434 for the company) and t he average number of employees wa s 177.

Principal risks and uncertainties

The group and company has exposure to the general risks and uncertainties over the state of the economy as a whole and the specific external pressures facing the non-essential retail sector which may impact upon the performance of the business of the group from time to time. Overall levels of customer confidence and disposable income are important areas for us to monitor as they affect the spending power of our customers which has a knock-on effect on our operational performance throughout the group.

The directors use timely management accounts information and budgeting and forecasting techniques to help to mitigate, as far as possible, all known risks and allow for an adequate level of resources to deal with any unknown risks which may arise. Tight financial controls and the availability of a few different sources of funding, along with the close day-to-day involvement of the directors, helps the group and company to minimise liquidity risks.

Development and performance

The directors are aware that the planned responses required to the principal risks and uncertainties mentioned above, including unforeseen events outside of their control, can necessitate their plans for growth and future development to change at short notice. Although short term plans may have to be delayed or altered, the medium to long term plans can largely remain on course.

Our performance is reflected in the profit and loss account and associated notes, with the headline figures noted above in the fair review of the business and an analysis of key performance indicators noted below. The directors are looking to build upon their recent successes and continue to grow each of the companies within the group over the coming years to strengthen the combined position and performance of the group. The group is in a strong position for achieving its growth aspirations given how well each of the group companies has performed, both individually and combined.

Key performance indicators

In addition to the comments noted above, the directors consider other key performance indicators to be profitability, liquidity and return on capital. Group p rofitability for the period, calculated as profit after tax over turnover, is 3.20%. Liquidity, calculated as current assets over current liabilities, is 1.96 and r eturn on capital, calculated as profit after tax over net assets, is 9.21%.

The directors anticipate achieving significant efficiency and synergy gains in the future following the formation of the Prestige Flowers Group.

Other performance indicators

The group's sustainability policy is to be a responsible and ethical supplier, having regard to the environment and health and wellbeing of all people working within our business, as well as other stakeholders.

In respect of our flower related operations, we always seek to source flowers from ethical growers and to that end have built up trusted business relationships over many years. We also utilise environmentally friendly packaging which is both fit for purpose in protecting goods during transit and also recyclable. Instead of plastic bubble wrap we use paper alternatives such as raffia and wooden holders are replacing ribbons; even our flower food packaging is compostable, with the ink used being degradable. Our green waste is recycled into compost, completing the cycle.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 2 -
Summary

The directors are pleased with the performance and financial position of the group from this first nine month period and consider that, with continuing investment in its operational capabilities, as well as its staff, and attempting to capitalise on any opportunities that may arise for generating more turnover, the group is well placed to be able to grow in the future as conditions allow.

Promoting the success of the company for the benefit of stakeholders

The directors have had due regard to the matters set out in Section 172 of the Companies Act 2006. We consider the likely consequences of any decisions made by the group upon various stakeholder groups.

Employees, suppliers and customers

As noted above, we look to protect the wellbeing of our employees across the group, as well as considering the impact on the people in our supply chain, right back to the flower growers, whose care and attention goes into producing the highest quality flowers which are used in our products.

Although the group itself is new, both subsidiaries are established businesses, who have fostered good business relationships with suppliers for mutually beneficial trading. Our main business derives from direct web based sales to the public and we recognise the importance of maintaining a good relationship with our customers. The group has launched a loyalty scheme where customers and we often run sales promotions with specific discounts available to reward loyalty from our regular and much valued customers.

Sustainability and the environment

As our business has grown, we have had a greater awareness of the impact that our operations have on the environment and we are committed to sustainability. We have endeavoured to make our packaging recyclable, whilst retaining its functionality, to ensure safe transit of our products from our warehouse to customers' doors. A more detailed analysis of our ethical approach is included above in the other performance indicators section.

On behalf of the board

J C Ridgard
Director
20 January 2026
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 JULY 2025
- 3 -

The directors present their annual report and financial statements for the period ended 31 July 2025.

Principal activities

The principal activity of the company is that of a holding company. The company was incorporated on 5 August 2024 and became an immediate and ultimate parent company on 29 October 2024. The principal activity of the group is that of retailers of flowers, hampers and other gifts.

Results and dividends

The results for the period are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

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

Squire Patton Boggs Directors Limited
(Appointed 5 August 2024 and resigned 7 October 2024)
J Jones
(Appointed 5 August 2024 and resigned 7 October 2024)
S D Crowther
(Appointed 7 October 2024)
J C Ridgard
(Appointed 29 October 2024)
P P Crowther
(Appointed 29 October 2024)
Financial instruments
Financial instruments

The group uses management accounts, budgeting and forecasting techniques to manag e the liquidity, interest and foreign currency risks associated with the group’s activities.

The group’s principal financial instruments used are: basic financial instruments, as there are minimal interest rate risks arising from the group's activities; and other financial instruments, which include derivative financial instruments, the purpose of which is to manage currency risks arising from the group’s activities; with bank overdrafts and loan facilitie s available, the main purpose of which is to raise finance for the group’s operations. T he group has various financial assets and liabilities such as trade debtors and trade creditors arising directly from its operations. As the group imports a large proportion of its purchases from suppliers based in the EU, who require payment in Euros, there is a foreign currency exchange risk. The group will therefore, from time to time, hedge against an adverse foreign currency risk by using derivatives to secure the exchange rate applicable. Derivative transactions which the group enters into principally comprise forward exchange contracts and they are not entered into for speculative purposes.

Liquidity risk

The group manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the group has sufficient liquid resources to meet the operating needs of the business.

Interest rate risk

The group is exposed to fair value interest rate risk on its fixed rate borrowings and cash flow interest rate risk on floating rate deposits, bank overdrafts and loans. The group tries to manage the mix of fixed and variable rate debt so as to reduce its exposure to changes in interest rates.

Foreign currency risk

The group’s principal foreign currency exposures arise from trading with overseas companies. Group policy permits but does not demand that these exposures may be hedged in order to fix the cost in sterling. This hedging activity involves the use of foreign exchange forward contracts. The foreign exchange rate variance amount in the profit and loss account is monitored each year to determine the requirement for any intervention regarding managing the outcomes of this risk.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 4 -
Credit risk

Investments of cash surpluses, borrowings and other financing options are made through banks and companies which must fulfil credit rating criteria approved by the b oard of directors.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

Future developments

The company formed the Prestige Flowers Group during the year, with two closely trading companies, Prestige Gifting Limited and Flowerline Limited, a s its subsidiar ies. It is anticipated that by pooling resources, knowledge and experience, as well as having the security of intercompany loan finance being available as required, all businesses will benefit from joining forces, which should enable the group to grow and thrive.

Auditor

Afford Bond Holdings Limited were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Energy and carbon report
2025
Energy consumption
kWh
Aggregate of energy consumption in the year
615,331
2025
Emissions of CO2 equivalent
metric tonnes
Scope 1 - direct emissions
- Gas combustion
12.60
12.60
Scope 2 - indirect emissions
- Electricity purchased
98.20
Total gross emissions
110.80
Intensity ratio
Tonnes CO2e based on energy use
.18
Quantification and reporting methodology

The group has followed the 2019 HM Government Environmental Reporting Guidelines. The group has also used the GHG Reporting Protocol – Corporate Standard and have used the 2020 UK Government’s Conversion Factors for Company Reporting

Measures taken to improve energy efficiency

We are committed to minimising our carbon footprint and seek to improve energy efficient wherever possible, for example by using LED lighting and minimising travel and using electricity providers which include power generated from renewable sources.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 5 -
Statement of directors' responsibilities

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 group and company, 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;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 auditor of the company 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 auditor of the company is aware of that information.

On behalf of the board
20 January 2026
J C Ridgard
Director
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PRESTIGE FLOWERS GROUP LIMITED
- 6 -
Opinion

We have audited the financial statements of Prestige Flowers Group Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 July 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 31 July 2025 and of the group's profit for the period 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 group and parent 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 group's and 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 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the directors' r eport for the financial period 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.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PRESTIGE FLOWERS GROUP LIMITED
- 7 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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 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 directors' r esponsibilities s tatement, 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 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 parent 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 these financial statements.

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

Extent to which the audit is considered capable of detecting irregularities, including fraud

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.

Our procedures are developed based on risks identified from our knowledge of the entity, its environment, the significant laws and regulations governing its activities and of the related parties and service organisations connected with it. We also consider how the systems and controls the entity has put in place over its activities might mitigate risks identified.

Audit response to risks identified

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we undertook procedures which included:

- Enquiry of management, those charged with governance around actual and potential litigation and claims.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PRESTIGE FLOWERS GROUP LIMITED
- 8 -

Use of our report

This report is made solely to the parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

David Bailey BA(Econ) FCA (Senior Statutory Auditor)
For and on behalf of Afford Bond Holdings Limited, Statutory Auditor
Chartered Accountants
31 Wellington Road
Nantwich
Cheshire
CW5 7ED
20 January 2026
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 JULY 2025
- 9 -
Period
ended
31 July
2025
Notes
£
Turnover
3
36,097,752
Cost of sales
(16,726,548)
Gross profit
19,371,204
Administrative expenses
(16,506,019)
Exceptional item
4
(38,569)
Operating profit
5
2,826,616
Interest receivable and similar income
9
75,523
Interest payable and similar expenses
10
(871,123)
Profit before taxation
2,031,016
Tax on profit
11
(875,991)
Profit for the financial period
1,155,025
Profit for the financial period is all attributable to the owners of the parent company.
Total comprehensive income for the period is all attributable to the owners of the parent company.
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
GROUP AND COMPANY BALANCE SHEETS
AS AT
31 JULY 2025
31 July 2025
31 July 2025
- 10 -
Group
Company
2025
2025
Notes
£
Fixed assets
Goodwill
12
8,457,150
-
0
Tangible assets
13
6,263,983
-
0
Investments
14
-
0
20,027,327
14,721,133
20,027,327
Current assets
Stocks
17
2,081,278
-
Debtors
18
5,471,539
-
0
Cash at bank and in hand
4,473,425
1
12,026,242
1
Creditors: amounts falling due within one year
19
(6,135,603)
(1,104,894)
Net current assets/(liabilities)
5,890,639
(1,104,893)
Total assets less current liabilities
20,611,772
18,922,434
Creditors: amounts falling due after more than one year
20
(7,533,244)
(7,512,000)
Provisions for liabilities
Deferred tax liability
23
(536,550)
-
0
Net assets
12,541,978
11,410,434
Capital and reserves
Called up share capital
25
9,999
9,999
Other reserves
11,376,954
11,376,954
Profit and loss reserves
1,155,025
23,481
Total equity
12,541,978
11,410,434

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £23,481.

The financial statements were approved by the board of directors and authorised for issue on 20 January 2026 and are signed on its behalf by:
2026-01-20
J C Ridgard
Director
Company registration number 15876349 (England and Wales)
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2025
- 11 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 5 August 2024
-
-
-
-
Period ended 31 July 2025:
Profit and total comprehensive income
-
-
1,155,025
1,155,025
Issue of share capital
25
9,999
-
-
9,999
Transfers
-
11,376,954
-
11,376,954
Balance at 31 July 2025
9,999
11,376,954
1,155,025
12,541,978
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2025
- 12 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 5 August 2024
-
-
-
-
Period ended 31 July 2025:
Profit and total comprehensive income
-
-
23,481
23,481
Issue of share capital
25
9,999
-
-
9,999
Transfers
-
11,376,954
-
11,376,954
Balance at 31 July 2025
9,999
11,376,954
23,481
11,410,434
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
GROUP STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 JULY 2025
- 13 -
2025
Notes
£
£
Cash flows from operating activities
Cash generated from operations
32
5,254,612
Interest paid
(871,123)
Income taxes paid
(833,067)
Net cash inflow from operating activities
3,550,422
Investing activities
Purchase of business
(7,263,375)
Purchase of tangible fixed assets
(158,310)
Repayment of loans
62,448
Interest received
75,523
Net cash used in investing activities
(7,283,714)
Financing activities
Proceeds from issue of shares
1
Repayment of borrowings
472,885
Proceeds from new bank loans
9,000,000
Repayment of bank loans
(792,000)
Purchase of derivatives
(472,885)
Payment of finance leases obligations
(1,284)
Net cash generated from financing activities
8,206,717
Net increase in cash and cash equivalents
4,473,425
Cash and cash equivalents at beginning of period
-
Cash and cash equivalents at end of period
4,473,425
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
COMPANY STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 JULY 2025
- 14 -
2025
Notes
£
£
Cash flows from operating activities
Cash generated from operations
33
400,194
Interest paid
(859,992)
Income taxes refunded
217,173
Net cash outflow from operating activities
(242,625)
Investing activities
Purchase of subsidiaries
(8,640,375)
Dividends received
675,000
Net cash used in investing activities
(7,965,375)
Financing activities
Proceeds from issue of shares
1
Proceeds from new bank loans
9,000,000
Repayment of bank loans
(792,000)
Net cash generated from financing activities
8,208,001
Net increase in cash and cash equivalents
1
Cash and cash equivalents at beginning of period
-
Cash and cash equivalents at end of period
1
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2025
- 15 -
1
Accounting policies
Company information

Prestige Flowers Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is G8 G Mill, Dean Clough Mills, Halifax, West Yorkshire, HX3 5WD.

The group consists of Prestige Flowers Group Limited and all of its subsidiaries.

1.1
Reporting period

The company was incorporated on 5 August 2024 and became an immediate and ultimate parent company on 29 October 2024. The company was dormant until it became a holding company, after which there have been nine months' worth of operational activity for the group.

1.2
Basis of preparation

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 financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.4
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Prestige Flowers Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 July 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 16 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.5
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.6
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The group recognises revenue from the following major sources:

- Website postal bouquets

- Website hampers and gifts

- Online marketplace sales

- Corporate sales

- Retail outlet sales

- Other sales including carriage and distribution income

The nature, timing of satisfaction of performance obligations and significant payment terms of the group's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services arises as a result of recharging expenditure to other group companies or connected entities, which is recognised when the decision to pass on the cost has been made. Recharges are measured at cost, to offset the expenditure incurred at no gain or loss.

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 17 -
1.7
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
2% per annum straight line
Plant and machinery
10% per annum straight line
Fixtures, fittings and equipment
20% per annum straight line
Computer equipment
20% per annum straight line
Motor vehicles
20% per annum straight line

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 18 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 19 -
1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Cost is calculated using the first in first out method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 20 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 21 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group 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 group.

1.15
Derivatives

The group enters into foreign exchange forward contracts in order to manage its exposure to foreign exchange risk.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

Hedge accounting

The group designates certain hedging instruments, including derivatives, embedded derivatives and non-derivatives, as either fair value hedges or cash flow hedges. At the inception of the hedge relationship, the group documents the relationship between the hedging instrument and the hedged item along with risk management objectives and strategy for undertaking various hedge transactions. At the inception of the hedge and on an ongoing basis, the group documents whether the hedging instrument is highly effective in offsetting changes in fair values or cash flows of the hedged item.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

For derivatives that are designated and qualify as cash flow hedges, the effective portion of changes in the fair value of the hedge is recognised in other comprehensive income. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss. Any gain or loss previously recognised in other comprehensive income is reclassified to profit or loss when the hedge relationship ends. This occurs when the hedging instrument expires or no longer meets the hedging criteria, the forecast transaction is no longer highly probable, the hedged debt instrument is derecognised, or the hedging instrument is terminated.

1.16
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 22 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.19
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.20
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 23 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2025
£
Turnover analysed by class of business
Website postal bouquets
28,916,571
Website hampers and gifts
4,763,184
Online marketplace sales
791,055
Corporate sales
1,508,652
Retail outlet sales
73,588
Other sales including carriage and distribution
44,702
36,097,752
2025
£
Other revenue
Interest income
75,523

All sales are made in the UK.

4
Exceptional item
2025
£
Expenditure
Amounts due from connected company written off
38,569
5
Operating profit
2025
£
Operating profit for the period is stated after charging:
Exchange losses
24,814
Depreciation of owned tangible fixed assets
342,655
Amortisation of intangible assets
685,715
Operating lease charges
281,365
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 24 -
6
Auditor's remuneration
2025
Fees payable to the company's auditor and associates:
£
For audit services
Audit of the financial statements of the group and company
3,600
Audit of the financial statements of the company's subsidiaries
16,750
20,350
For other services
Taxation compliance services
1,775
Other taxation services
630
All other non-audit services
12,450
14,855
7
Employees

The average monthly number of persons (including directors) employed by the group and company during the period was:

Group
Company
2025
2025
Number
Number
Cost of sales
93
-
Administration
84
-
Total
177
0

Their aggregate remuneration comprised:

Group
Company
2025
2025
£
£
Wages and salaries
4,496,714
-
0
Social security costs
584,832
-
Pension costs
202,828
-
0
5,284,374
-
0
8
Directors' remuneration
2025
£
Remuneration for qualifying services
391,425
Company pension contributions to defined contribution schemes
30,975
422,400
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
8
Directors' remuneration
(Continued)
- 25 -

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3.

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
£
Remuneration for qualifying services
150,053
Company pension contributions to defined contribution schemes
3,742
9
Interest receivable and similar income
2025
£
Interest income
Interest on bank deposits
52,462
Other interest income
23,061
Total income
75,523
2025
Investment income includes the following:
£
Interest on financial assets not measured at fair value through profit or loss
52,462
10
Interest payable and similar expenses
2025
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
859,992
Other finance costs:
Interest on finance leases and hire purchase contracts
3,926
Other interest
7,205
Total finance costs
871,123
11
Taxation
2025
£
Current tax
UK corporation tax on profits for the current period
894,741
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
11
Taxation
2025
£
(Continued)
- 26 -
Deferred tax
Origination and reversal of timing differences
(18,750)
Total tax charge
875,991

The actual charge for the period can be reconciled to the expected charge/(credit) for the period based on the profit or loss and the standard rate of tax as follows:

2025
£
Profit before taxation
2,031,016
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00%
507,754
Tax effect of expenses that are not deductible in determining taxable profit
176,874
Amortisation on assets not qualifying for tax allowances
171,429
Depreciation
85,663
Capital allowances
(46,979)
Deferred tax movement
(18,750)
Taxation charge
875,991
12
Intangible fixed assets
Group
Goodwill
£
Cost
At 5 August 2024
-
0
Additions - business combinations
9,142,865
At 31 July 2025
9,142,865
Amortisation and impairment
At 5 August 2024
-
0
Amortisation charged for the period
685,715
At 31 July 2025
685,715
Carrying amount
At 31 July 2025
8,457,150
The company had no intangible fixed assets at 31 July 2025.
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 27 -
13
Tangible fixed assets
Group
Land and buildings Freehold
Plant and machinery
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 5 August 2024
-
0
-
0
-
0
-
0
-
0
-
0
Additions
-
0
109,510
1,263
21,539
25,998
158,310
Transfers
4,954,503
2,293,718
591,649
163,066
114,888
8,117,824
At 31 July 2025
4,954,503
2,403,228
592,912
184,605
140,886
8,276,134
Depreciation and impairment
At 5 August 2024
-
0
-
0
-
0
-
0
-
0
-
0
Depreciation charge
70,267
156,989
81,543
17,269
16,587
342,655
Transfers
499,366
725,434
290,270
114,738
39,688
1,669,496
At 31 July 2025
569,633
882,423
371,813
132,007
56,275
2,012,151
Carrying amount
At 31 July 2025
4,384,870
1,520,805
221,099
52,598
84,611
6,263,983
The company had no tangible fixed assets at 31 July 2025.

The carrying value of land and buildings comprises:

Group
Company
2025
2025
£
£
Freehold
4,384,870
-
0

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2025
£
£
Motor vehicles
82,877
-
0

Freehold land and buildings with a carrying amount of £4,384,870 have been pledged to secure borrowings of the parent company, Prestige Flowers Group Limited, via a cross-company guarantee with subsidiary company, Flowerline Limited.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 28 -
14
Fixed asset investments
Group
Company
2025
2025
Notes
£
£
Investments in subsidiaries
15
-
0
20,027,327
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 5 August 2024
-
Additions
20,027,327
At 31 July 2025
20,027,327
Carrying amount
At 31 July 2025
20,027,327
15
Subsidiaries

Details of the company's subsidiaries at 31 July 2025 are as follows:

Name of undertaking
Country of
Nature of business
Class of
% Held
incorporation
shares held
Direct
Indirect
Prestige Gifting Limited
England and Wales
Online gifts retailer
Ordinary shares
100.00
-
Flowerline Limited
England and Wales
Flower wholesaler
Ordinary shares
100.00
-

Registered office addresses (all UK unless otherwise indicated):

-
Prestige Gifting Limited, G8 Dean Clough G Mill Yard, Dean Clough Industrial Park, Halifax, West Yorkshire, HX3 5WD.
-
Flowerline Limited, Burma House, Burma Road, Blidworth, Mansfield, Nottinghamshire, NG21 0RT.

The investments in subsidiaries are all stated at cost.

On 29 October 2024 the company acquired 100% of the ordinary share capital of Prestige Gifting Limited and Flowerline Limited for a combined cost of £20,027,327.

16
Financial instruments
Group
Company
2025
2025
£
£
Carrying amount of financial assets include:
Debt instruments measured at amortised cost
3,650,024
-
Instruments measured at fair value through profit or loss
472,885
-
Carrying amount of financial liabilities include:
Measured at amortised cost
11,969,646
8,616,894
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 29 -
17
Stocks
Group
Company
2025
2025
£
£
Raw materials and consumables
58,547
-
Finished goods and goods for resale
2,022,731
-
0
2,081,278
-
18
Debtors
Group
Company
2025
2025
Amounts falling due within one year:
£
£
Trade debtors
541,412
-
0
Corporation tax recoverable
947,444
-
0
Derivative financial instruments
472,885
-
Other debtors
3,108,612
-
0
Prepayments and accrued income
401,186
-
0
5,471,539
-
19
Creditors: amounts falling due within one year
Group
Company
2025
2025
Notes
£
£
Bank loans
21
696,000
696,000
Bills of exchange
21
472,885
-
0
Obligations under finance leases
22
48,212
-
0
Trade creditors
3,024,049
-
0
Amounts owed to group undertakings
-
0
400,194
Corporation tax payable
774,849
-
0
Other taxation and social security
924,352
-
Other creditors
33,872
-
0
Accruals and deferred income
161,384
8,700
6,135,603
1,104,894
20
Creditors: amounts falling due after more than one year
Group
Company
2025
2025
Notes
£
£
Bank loans and overdrafts
21
7,512,000
7,512,000
Obligations under finance leases
22
21,244
-
0
7,533,244
7,512,000
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 30 -
21
Loans and overdrafts
Group
Company
2025
2025
£
£
Bank loans
8,208,000
8,208,000
Bills of exchange
472,885
-
0
8,680,885
8,208,000
Payable within one year
1,168,885
696,000
Payable after one year
7,512,000
7,512,000

The loans are secured by a debenture dated 29 October 2024.

Loans are repayable over a five year term.

22
Finance lease obligations
Group
Company
2025
2025
£
£
Future minimum lease payments due under finance leases:
Within one year
51,709
-
0
In two to five years
22,396
-
0
74,105
-
Less: future finance charges
(4,649)
-
0
69,456
-
0

Finance lease and hire purchase obligations relate to the acquisition of motor vehicles. Contracts normally include an option to purchase amount at the end of the stated term, with no restrictions placed on the use of the assets by the lender. The average finance term is two to three years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

The total obligations under finance leases are secured on the assets concerned.

23
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
2025
Group
£
Accelerated capital allowances
536,550
The company has no deferred tax assets or liabilities.
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
23
Deferred taxation
(Continued)
- 31 -
Group
Company
2025
2025
Movements in the period:
£
£
Asset at 5 August 2024
-
-
Credit to profit or loss
(18,750)
-
Transfers
555,300
-
Liability at 31 July 2025
536,550
-

The deferred tax liability set out above is expected to reverse within five years and relates to accelerated capital allowances that are expected to mature within the same period.

24
Retirement benefit schemes
2025
Defined contribution schemes
£
Charge to profit or loss in respect of defined contribution schemes
202,828

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

25
Share capital
Group and company
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A shares of £1 each
6,526
6,526
Ordinary B shares of £1 each
3,473
3,473
9,999
9,999

On 29 October 2024 the one issued Ordinary share of £1 was converted into a Ordinary A share of £1 with a further issue of 6,525 Ordinary A shares of £1 each and 3,473 Ordinary B shares of £1 each.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 32 -
26
Acquisition of a business

On 29 October 2024 the group acquired 100% of the issued ordinary share capital of Prestige Gifting Limited.

Book Value
Adjustments
Fair Value
Net assets acquired
£
£
£
Property, plant and equipment
298,496
(100)
298,396
Inventories
14,191
-
14,191
Trade and other receivables
4,343,711
(192,587)
4,151,124
Cash and cash equivalents
492,370
-
492,370
Trade and other payables
(2,456,384)
-
(2,456,384)
Tax liabilities
(475,399)
3,233
(472,166)
Provisions
-
243,077
243,077
Deferred tax
(47,003)
3
(47,000)
Total identifiable net assets
2,169,982
53,626
2,223,608
Goodwill
9,152,987
Total consideration
11,376,595
The consideration was satisfied by:
£
Cash
5,802,063
Issue of shares
5,574,532
11,376,595
Contribution by the acquired business for the reporting period included in the group statement of comprehensive income since acquisition:
£
Turnover
35,991,096
Profit after tax
1,386,167

The goodwill arising on the acquisition of the business is attributable to the anticipated profitability of the distribution of the company's products in new markets and the future operating synergies from the combination.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
26
Acquisition of a business
(Continued)
- 33 -

On 29 October 2024 the group acquired 100% of the issued ordinary share capital of Flowerline Limited.

Book Value
Adjustments
Fair Value
Net assets acquired
£
£
£
Property, plant and equipment
6,149,931
-
6,149,931
Inventories
2,638,166
-
2,638,166
Trade and other receivables
1,538,082
-
1,538,082
Cash and cash equivalents
306,704
-
306,704
Obligations under finance leases
(70,740)
-
(70,740)
Trade and other payables
(1,884,585)
-
(1,884,585)
Tax liabilities
(278,048)
(61,444)
(339,492)
Provisions
-
253,162
253,162
Deferred tax
(508,300)
-
(508,300)
Total identifiable net assets
7,891,210
191,718
8,082,928
Goodwill
(10,122)
Total consideration
8,072,806
The consideration was satisfied by:
£
Cash
2,260,386
Issue of shares
5,812,420
8,072,806
Contribution by the acquired business for the reporting period included in the group statement of comprehensive income since acquisition:
£
Turnover
15,287,445
Profit after tax
1,684,018

The goodwill arising on the acquisition of the business is attributable to the anticipated profitability of the distribution of the company's products in new markets and the future operating synergies from the combination.

27
Financial commitments, guarantees and contingent liabilities

On 29 October 2024, a charge was lodged at Companies House in favour of the lender, arising from the borrowings made during the period: a debenture containing fixed and floating charges over the assets of the group and company and a negative pledge. This also contains a cross-guarantee by all members of the group.

PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 34 -
28
Operating lease commitments
Lessee

Operating lease payments represent rentals payable by the group for certain of its properties, equipment and motor vehicles. Property rentals only require a short notice period to vacate. Other leases are negotiated for an average term of three to five years with an option to extend at the prevailing market rate.

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2025
£
£
Within one year
174,524
-
Between two and five years
146,056
-
320,580
-

At the reporting end date the total future minimum sublease payments expected to be received under non-cancellable subleases was £182,946.

29
Capital commitments

Amounts contracted for but not provided in the financial statements:

Group
Company
2025
2025
£
£
Acquisition of tangible fixed assets
127,875
-
30
Related party transactions
Transactions with related parties

During the period the group entered into the following transactions with related parties:

Purchases
2025
£
Group
Other related parties
80
Services provided
Services received
2025
2025
£
£
Group
Key management personnel
-
36,063
Other related parties
2,582
26,224
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
30
Related party transactions
(Continued)
- 35 -
Company
Entities over which the entity has control, joint control or significant influence
-
480,641

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2025
£
Group
Key management personnel
4,650
Other related parties
7,244
Company
Entities over which the company has control, joint control or significant influence
400,194
Amounts due from related parties
2025
2025
2025
Balance
Provision
Net
£
£
£
Group
Other related parties
338,569
38,569
300,000

Sales and purchases of goods and services were made between related parties at market price.

The amounts outstanding are unsecured and will be settled in cash as and when cash flows permit.

31
Directors' transactions

Interest free loans have been granted by the group to its directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Interest free loan
-
-
2,807,240
2,807,240
-
2,807,240
2,807,240
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 36 -
32
Cash generated from group operations
2025
£
Profit after taxation
1,155,025
Adjustments for:
Taxation charged
875,991
Finance costs
871,123
Investment income
(75,523)
Amortisation and impairment of intangible assets
685,715
Depreciation and impairment of tangible fixed assets
342,655
Increase in provisions
496,239
Movements in working capital:
Decrease in stocks
571,079
Increase in debtors
(1,305,994)
Increase in creditors
1,638,302
Cash generated from operations
5,254,612
33
Cash generated from operations - company
2025
£
Profit after taxation
23,481
Adjustments for:
Taxation credited
(217,173)
Finance costs
859,992
Investment income
(675,000)
Movements in working capital:
Increase in creditors
408,894
Cash generated from operations
400,194
34
Analysis of changes in net debt - group
5 August 2024
Cash flows
31 July 2025
£
£
£
Cash at bank and in hand
-
4,473,425
4,473,425
Borrowings excluding overdrafts
-
(8,680,885)
(8,680,885)
Obligations under finance leases
-
(69,456)
(69,456)
-
(4,276,916)
(4,276,916)
PRESTIGE FLOWERS GROUP LIMITED
(FORMERLY KNOWN AS HAMSARD 3783 LIMITED)
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 37 -
35
Analysis of changes in net debt - company
5 August 2024
Cash flows
31 July 2025
£
£
£
Cash at bank and in hand
-
1
1
Borrowings excluding overdrafts
-
(8,208,000)
(8,208,000)
-
(8,207,999)
(8,207,999)
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