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JAPHAM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2025

| JAPHAM LIMITED (REGISTERED NUMBER: 13473298) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Accountants' Report | 6 |

| JAPHAM LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH JUNE 2025

| DIRECTORS: | J L Holland

| M C Hughes

| A De Benedictis

| REGISTERED OFFICE: | 71-75 Shelton Street

| Covent Garden

| London

| WC2H 9JQ

| REGISTERED NUMBER: | 13473298 (England and Wales)

| ACCOUNTANTS: | HW Bedford Limited

| Trading as Haines Watts

| First Floor, Woburn Court

| 2 Railton Road

| Woburn Rd Ind Est

| Kempston

| Bedfordshire

| MK42 7PN

| JAPHAM LIMITED (REGISTERED NUMBER: 13473298) |

BALANCE SHEET

30TH JUNE 2025

| 30/6/25 |  | 30/6/24

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 51,768 |  | - |  |

Debtors | 5 | 6,425 |  | 9,567 |  |

Cash at bank | 2,587 |  | 3,138 |  |

60,780 |  | 12,705 |  |

CREDITORS

Amounts falling due within one year | 6 | 62,914 |  | 65,648 |  |

NET CURRENT LIABILITIES | (2,134 | ) | (52,943 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,134 | ) | (52,943 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 1,262,107 |  | 813,702 |  |

NET LIABILITIES | (1,264,241 | ) | (866,645 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (1,264,341 | ) | (866,745 | ) |

(1,264,241 | ) | (866,645 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| JAPHAM LIMITED (REGISTERED NUMBER: 13473298) |

BALANCE SHEET - continued

30TH JUNE 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th March 2026 and were signed on its behalf by:

J L Holland - Director

| JAPHAM LIMITED (REGISTERED NUMBER: 13473298) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

1. | STATUTORY INFORMATION

| Japham Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Turnover

| Turnover comprises revenue from the sale of hair-styling equipment to retail, wholesale, and online customers. Revenue is recognised in accordance with IFRS 15 – Revenue from Contracts with Customers.

| Revenue is recognised when control of the goods transfers to the customer, which occurs upon delivery for wholesale and online sales, or at the point of sale for in-store transactions. Revenue is measured at the transaction price, net of discounts, promotions, and expected returns.

| The Company estimates variable consideration, including expected returns and rebates, using historical data and recognises a corresponding refund liability and right-of-return asset.

| Shipping and handling services are considered part of the sale of goods unless they represent a separate performance obligation. Standard warranties provide assurance that products comply with specifications and are not treated as separate performance obligations.

| Amounts received in advance of transferring goods or services are recognised as contract liabilities.

| Turnover is stated net of value added tax and discounts.

| Tangible fixed assets

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

| Computer equipment | - | 33% on cost

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| JAPHAM LIMITED (REGISTERED NUMBER: 13473298) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The financial statements have been prepared on the going concern basis as Japham Group Limited, the parent company has agreed to continue to support the company for the foreseeable future, being a period of not less than 12 months.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1st July 2024

| and 30th June 2025 | 3,737 |  |

| DEPRECIATION

| At 1st July 2024

| and 30th June 2025 | 3,737 |  |

| NET BOOK VALUE

| At 30th June 2025 | - |  |

| At 30th June 2024 | - |  |

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Trade debtors | 4,776 |  | 139 |  |

| VAT | 1,094 |  | 7,545 |  |

| Prepayments and accrued income | 555 |  | 1,883 |  |

6,425 |  | 9,567 |  |

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Trade creditors | 59,518 |  | 56,393 |  |

| Accruals and deferred income | 3,396 |  | 9,255 |  |

62,914 |  | 65,648 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Amounts owed to group undertakings | 1,262,107 |  | 813,702 |  |

8. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company at the balance sheet date was Japham Group Limited (13470053). Their registered office is 71-75 Shelton Street Covent Garden, London, England, WC2H 9JQ.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

JAPHAM LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Japham Limited for the year ended 30th June 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Japham Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Japham Limited and state those matters that we have agreed to state to the Board of Directors of Japham Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Japham Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Japham Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Japham Limited. You consider that Japham Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Japham Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

10th March 2026