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REGISTERED NUMBER: 00572008 (England and Wales)

| RINGTONS LIMITED |

| STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 29 JUNE 2024 TO 27 JUNE 2025 |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

| Page |

Company Information | 1 |

Strategic Report | 2 |  | to |  | 3

Report of the Directors | 4 |  | to |  | 5

Report of the Independent Auditors | 6 |  | to |  | 8

Income Statement | 9 |

Other Comprehensive Income | 10 |

Statement of Financial Position | 11 |

Statement of Changes in Equity | 12 |

Notes to the Financial Statements | 13 |  | to |  | 22

RINGTONS LIMITED

COMPANY INFORMATION

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

| DIRECTORS: | S M Smith

| C J Smith

| J C Thompson

| N L Johnson

| B E Keatings

| E J Smith

| T D Smith

| S Alderson

| SECRETARY: | K J Worrall

| REGISTERED OFFICE: | 10-22 Algernon Road

| Heaton

| Newcastle Upon Tyne

| NE6 2YN

| REGISTERED NUMBER: | 00572008 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Theo Banos BA FCA

| AUDITORS: | Duncan & Toplis Audit Limited, Statutory Auditor

| 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

| BANKERS: | Lloyds Bank Plc

| PO Box 1000

| BX1 1LT

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

STRATEGIC REPORT

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

INTRODUCTION

The directors present their strategic report for the 52 weeks ended 27 June 2025.

CONTROL AND OWNERSHIP

The group is a 100+ year old private, family owned and managed business.

PRINCIPAL ACTIVITIES

The principal activities of the company comprise the following:

- Sourcing, blending and packaging of tea and infusion for its own brand and a variety of other customers.

- Retailing of its tea brand and related products directly to households via sales vans, primarily throughout north and central England.

BUSINESS REVIEW AND FUTURE DEVELOPMENTS

The directors were satisfied with the company's performance during the period, as shown in the table of key financial and other performance indicators below.

Retained profits continue to be invested in facility improvements, efficiency improvements together with additional tea and coffee packing capacity.

The directors continue to be ready to invest in other trading ventures particularly in the tea and coffee market as opportunities arise.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks affecting the group are considered to relate to commodity sourcing, production costs and selling prices. These risks are minimised by implementing buying strategies to assist with commodity markets, continued investment in production equipment and processes to reduce production costs and market research for competitor activity and consumer trends to assist with customer relationships.

FINANCIAL RISK MANAGEMENT

The directors consider the key financial risks to the business to be in relation to bad debts, payments and cash management. The directors are satisfied that these risks are sufficiently managed and controlled by credit control management and regular cash flow forecasting to ensure requirements are within available facilities.

FINANCIAL KEY PERFORMANCE INDICATORS

The company's directors and senior managers use a wide range of key performance indicators to monitor the business' financial performance on a monthly basis.

The company's key financial and other performance indicators during the period were as follows:

| 2025 |  | 2024 |  |  | Changes |  |

| £'000 |  | £'000 |  |  | % |  |

Turnover |  | 94,355 |  | 87,341 |  |  | 8.0 |  |

Gross profit |  | 31,346 |  | 28,828 |  |  | 8.7 |  |

Operating profit |  | 4,755 |  | 2,910 |  |  | 63.4 |  |

Total shareholders' funds |  | 35,889 |  | 33,673 |  |  | 6.6 |  |

Average monthly number of employees |  | 595 |  | 560 |  |  | 6.3 |  |

The shareholders are well informed about performance of the business, and receive a comprehensive review of the results, an update on key customer and supplier relationships, markets and future development plans, on an annual basis.

OTHER KEY PERFORMANCE INDICATORS

The directors and senior managers continually monitor the customer satisfaction levels and delivery against their expectations inclusive of, but not limited to, performance on timeliness and quality.

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

STRATEGIC REPORT

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

SECTION 172(1) STATEMENT

The directors must act in a way they consider would be most likely to promote the success of the company for the benefit of its members and in so doing must have regards to the six matters set out in Section 172( 1 ):

(1) Long term consequences - the company aims to secure its long term prospects and viability by seeking out strategies that provide mutual long term benefits to its supply chain. The group values long term relationships with its tea suppliers in origin and has supported them and their employees by a number of charitable projects.

(2) Interest of employees - the company has a long history of supporting its employees for many years via its employee foundation as well as directly via the company itself. Recently we have launched the Ringtons way which embodies who we are and where we are going including our Ringtons values.

(3) Interest of other stakeholders is reported in the directors report.

(4) Impact on community & environment - the company has supported the local North East community for many years either directly through the company or via The Ringtons Community Fund setup in 1996.

(5) High standards of business conduct - the company, its directors and employees always aim to act to high ethical standards. Policies are in place to ensure this & align with best practice. Recent statutory improvements around Modern Slavery & Data Protection form part of this.

(6) Act fairly between shareholders - the company has only one corporate shareholder.

ON BEHALF OF THE BOARD:

S Alderson - Director

18 November 2025

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

REPORT OF THE DIRECTORS

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

The directors present their report and the audited financial statements for the 52 weeks ended 27 June 2025.

RESULTS

The profit for the financial period, amounted to £3,278,486 (2024: £2,407,081).

DIVIDENDS

Particulars of dividends paid are detailed in note 10 of the financial statements.

EVENTS SINCE THE END OF THE PERIOD

Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 29 June 2024 to the date of this report.

S M Smith

C J Smith

J C Thompson

N L Johnson

B E Keatings

E J Smith

T D Smith

S Alderson

Other changes in directors holding office are as follows:

P N H Smith - resigned 5 March 2025

J D Smith - resigned 5 March 2025

CHARITABLE DONATIONS

The company made charitable donations of £251,205 (2024: £203,224) in the period.

EMPLOYEES

The company is committed to employment policies, which follow best practice, based on equal opportunities for all employees irrespective of sex, race, colour, disability or marital status and offers appropriate training and career development for all staff. If members of staff become disabled, the company continues employment wherever possible and arranges retraining.

The company is also committed to providing employees with information on matters of concern to them on a regular basis, so that the views of employees can be taken into account when making decisions that are likely to affect their interests, for example a new business wide staff advisory board has been introduced. In addition, the company encourages the involvement of employees by formally publicising important developments and promoting the common awareness in relation to the financial and economic factors that affect the performance of the group by means of regular meetings and continuous individual contact.

MATTERS DETAILED IN THE STRATEGIC REPORT

Future developments and financial risk management are detailed within the Strategic Report.

Principal activities and financial risks are detailed in the Strategic Report.

STAKEHOLDER ENGAGEMENT

Effective communication and engagement with stakeholders (shareholders, customers, suppliers and employees) is vital in maintaining the company's reputation and success.

The company is able to engage with its shareholder via its common board of directors.

The company is able to engage directly with its retail customers face to face via its loyal delivery staff together with quarterly newsletters and social media. Communication with our business customers is via an account manager. Regular meetings are encouraged.

The company values long term relationships with its customers and suppliers and encourages management to work closely with them to ensure we provide a high level of service for our customers and agree fair commercial terms.

The company engages with its employees via an employee forum, regular business updates and Q&A sessions.

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

REPORT OF THE DIRECTORS

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

INDEPENDENT AUDITORS

During the period Duncan & Toplis Audit Limited were appointed as auditors of the Company.

STREAMLINED ENERGY AND CARBON REPORTING

Ringtons Limited does not have to report on SECR as this is included in the group SECR statement within the consolidated Ringtons Trading Limited accounts.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and 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;

- | state whether applicable 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 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

S Alderson - Director

18 November 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RINGTONS LIMITED

Opinion

We have audited the financial statements of Ringtons Limited (the 'company') for the period ended 27 June 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, 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 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 company's affairs as at 27 June 2025 and of its 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 Auditors' 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.

Reporting on other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

- | adequate accounting records have not been kept, 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RINGTONS LIMITED

Responsibilities of directors

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

In preparing the financial statements, the directors are responsible for assessing the 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.

Auditors' responsibilities for the audit of the financial statements

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

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

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with directors and other management obtained as part of the work required by auditing standards. We have also discussed with the directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit. The potential impact of different laws and regulations varies considerably.

Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to manipulate reported profitability and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included the identification and testing of unusual material journal entries and challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Data Protection and Employment laws.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection. This inspection included a review of the external audits conducted within the year for any evidence of non-compliance, reading minutes of meetings of those charged with governance, in addition to an assessment of the company's employment and health and safety controls. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions of the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RINGTONS LIMITED

Use of our report

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

Theo Banos BA FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

18 November 2025

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

INCOME STATEMENT

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

| Period | Period |

| 29.6.24 to 27.6.25 | 24.6.23 to 28.6.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 4 | 94,355,473 |  | 87,341,432 |  |

Cost of sales | 63,009,353 |  | 58,513,729 |  |

GROSS PROFIT | 31,346,120 |  | 28,827,703 |  |

Distribution costs | 20,015,167 |  | 18,622,542 |  |

Administrative expenses | 6,575,571 |  | 7,294,937 |  |

|  |  | 26,590,738 |  |  |  |  | 25,917,479 |  |

OPERATING PROFIT | 6 | 4,755,382 |  | 2,910,224 |  |

Interest receivable and similar income | 7 | 191,019 |  | 218,023 |  |

4,946,401 |  | 3,128,247 |  |

Interest payable and similar expenses | 8 | 55,546 |  | 41,865 |  |

PROFIT BEFORE TAXATION | 4,890,855 |  | 3,086,382 |  |

Tax on profit | 9 | 1,612,369 |  | 679,301 |  |

PROFIT FOR THE FINANCIAL PERIOD | 3,278,486 |  | 2,407,081 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

OTHER COMPREHENSIVE INCOME

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

| Notes | £ | £ |

PROFIT FOR THE PERIOD | 3,278,486 |  | 2,407,081 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 3,278,486 |  | 2,407,081 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

STATEMENT OF FINANCIAL POSITION

27 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 11 | 18,725,423 |  | 15,165,469 |  |

Investments | 12 | - |  | - |  |

18,725,423 |  | 15,165,469 |  |

CURRENT ASSETS

Stocks | 13 | 21,011,166 |  | 17,628,848 |  |

Debtors | 14 | 7,942,788 |  | 7,039,257 |  |

Cash at bank | 1,808,982 |  | 4,979,794 |  |

30,762,936 |  | 29,647,899 |  |

CREDITORS

Amounts falling due within one year | 15 | 12,041,359 |  | 9,772,421 |  |

NET CURRENT ASSETS | 18,721,577 |  | 19,875,478 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 37,447,000 |  | 35,040,947 |  |

CREDITORS

Amounts falling due after more than one year | 16 | - |  | (73,424 | ) |

PROVISIONS FOR LIABILITIES | 18 | (1,557,747 | ) | (1,294,514 | ) |

NET ASSETS | 35,889,253 |  | 33,673,009 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 142,445 |  | 142,444 |  |

Share premium | 187,757 |  | - |  |

Capital redemption reserve | 1,969,478 |  | 1,969,478 |  |

Retained earnings | 33,589,573 |  | 31,561,087 |  |

SHAREHOLDERS' FUNDS | 35,889,253 |  | 33,673,009 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

S Alderson - Director

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

| Called up |  | Capital |

| share |  | Retained |  | Share |  | redemption |  | Total

| capital |  | earnings |  | premium |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 24 June 2023 | 142,444 |  | 30,954,006 |  | - |  | 1,969,478 |  | 33,065,928 |  |

Changes in equity

Profit for the period | - |  | 2,407,081 |  | - |  | - |  | 2,407,081 |  |

Total comprehensive income | - |  | 2,407,081 |  | - |  | - |  | 2,407,081 |  |

Dividends | - |  | (1,800,000 | ) | - |  | - |  | (1,800,000 | ) |

Balance at 28 June 2024 | 142,444 |  | 31,561,087 |  | - |  | 1,969,478 |  | 33,673,009 |  |

Changes in equity

Profit for the period | - |  | 3,278,486 |  | - |  | - |  | 3,278,486 |  |

Total comprehensive income | - |  | 3,278,486 |  | - |  | - |  | 3,278,486 |  |

Dividends | - |  | (1,250,000 | ) | - |  | - |  | (1,250,000 | ) |

Issue of share capital | 1 |  | - |  | 187,757 |  | - |  | 187,758 |  |

Balance at 27 June 2025 | 142,445 |  | 33,589,573 |  | 187,757 |  | 1,969,478 |  | 35,889,253 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

1. | STATUTORY INFORMATION

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

| The principle activities of the company comprise of the following:

| - |  | Sourcing, blending and packaging of tea and infusion for its own brand and a variety of other customers |  |

| - |  | Retailing of its tea brand and other related products directly to households via sales vans, primarily throughout north and central England. |  |

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements are prepared on the going concern basis, under the historical cost convention and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principal accounting policies, which have been applied consistently throughout the period, are set out below.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company is a wholly owned subsidiary of Ringtons Trading Limited and is included in the consolidated financial statements of Ringtons Trading Limited which are publicly available. Consequently, the company has taken advantage of the exemption from preparing consolidated financial statements under the terms of section 400 of the Companies' Act 2006.

| The company has taken advantage of the exemption, under FRS 102 paragraph 1.12(b), from preparing a statement of cash flows, on the basis that it is a qualifying entity and its ultimate parent company Ringtons Trading Limited includes the company's cash flow in its own consolidated financial statements.

| The company has taken advantage of the exemption under Section 33.1A of FRS102 from disclosing transactions with other group companies on grounds that it is a wholly owned subsidiary of a group headed by Ringtons Trading Limited which are publicly available. There are no other related party transactions requiring disclosure.

| Turnover

| Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

| Retail van sales - the value of sales of goods accepted by customers, excluding value added tax.

| Other customers - the value of sales of goods despatched to customers, excluding value added tax.

| Tangible fixed assets

| Tangible fixed assets are stated at cost less accumulated depreciation less accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

| Freehold property - 2% straight line

| Leasehold property - 2% straight line

| Plant and machinery - 10%-25% straight line

| Fixtures, fittings and other assets - 10%-25% straight line

| Depreciation is not charged on land or assets under construction.

| Investments in subsidiaries

| Investments held as fixed assets are shown at cost less provision for impairment.

| Stocks

| Stocks are valued at the lower of cost and fair value less costs to sell after making due allowance for obsolete and slow moving stocks.

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

| (i) Financial assets

| Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

| Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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.

| 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.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other payables, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 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 they are included in a hedging arrangement.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| Foreign currencies

| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date or at the agreed contractual rate.

| Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

| Exchange gains and losses are recognised in the statement of income and retained earnings.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the period.

| Finance leases

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

| Operating leases

| Rental under operating leases are charged to the statement of income and retained earnings on a straight line basis over the lease term.

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

3. | ACCOUNTING POLICIES - continued

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of the accounting policies and the reported amounts of assets and liabilities, revenue and expenses. Actual results may differ from these estimates.

| Estimates and underlying assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

| The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| Stocks

| Stocks are valued a the lower of cost and fair value less costs to sell after making due allowance for obsolete and slow moving stocks.

4. | TURNOVER

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

| In all material respects, turnover arose entirely in the United Kingdom.

5. | EMPLOYEES AND DIRECTORS

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Wages and salaries | 20,062,452 |  | 18,394,304 |  |

| Social security costs | 2,217,510 |  | 1,844,112 |  |

| Other pension costs | 1,175,754 |  | 1,067,493 |  |

23,455,716 |  | 21,305,909 |  |

| The average number of employees during the period was as follows:

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

| Production | 166 |  | 153 |  |

| Selling and distribution | 381 |  | 365 |  |

| Administrative | 48 |  | 42 |  |

595 |  | 560 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

5. | EMPLOYEES AND DIRECTORS - continued

| Directors' remuneration and key management remuneration

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Remuneration |  | 1,392,823 |  |  | 1,363,936 |  |

| Company pension contributions to defined contribution pension |  | 128,905 |  |  | 89,700 |  |

| scheme |  |  |  |  |  |  |

|  | 1,521,728 |  |  | 1,453,636 |  |

| During the period retirement benefits were accruing to 6 directors (2024: 3) in respect of defined contribution pension schemes.

| The highest paid director received remuneration of £361,518 (2024: £352,773) and pension contributions to defined contribution pension of £nil (2024: £nil).

| The key management personnel within the company are considered to be the directors.

6. | OPERATING PROFIT

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

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Other operating leases | 189,431 |  | 148,158 |  |

| Depreciation - owned assets | 2,307,765 |  | 2,022,334 |  |

| Depreciation - assets on hire purchase contracts | 178,815 |  | 200,584 |  |

| (Profit)/loss on disposal of fixed assets | (240,640 | ) | 737,492 |  |

| Auditors' remuneration | 38,600 |  | 34,000 |  |

| Other services relating to

| taxation | - |  | 4,000 |  |

| Foreign exchange differences | (8,257 | ) | 19,324 |  |

| Impairment of investments | - |  | 135,075 |  |

| On 30 April 2024 the group sold it's investment in Infusion GB Holdings Limited. The company received cash consideration of £967,430. The net assets at the date of disposal were £2,208,090 and a loss of £1,240,660 was recognised in the profit and loss account. Following the loss of a major customer in recent years both parties felt it better to amicably part.

7. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Deposit account interest | 191,019 |  | 218,023 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Bank loan interest | 6,370 |  | 1,905 |  |

| Hire purchase interest | 49,176 |  | 39,960 |  |

55,546 |  | 41,865 |  |

9. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the period was as follows:

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Current tax:

| UK corporation tax | 1,265,432 |  | 958,471 |  |

| Adjustment re previous years | 83,703 |  | (450,764 | ) |

| Total current tax | 1,349,135 |  | 507,707 |  |

| Deferred tax:

| Origination and reversal of

| timing differences | (3,291 | ) | (37,478 | ) |

| Adjustments in respect of

| prior periods | 266,525 |  | 209,072 |  |

| Total deferred tax | 263,234 |  | 171,594 |  |

| Tax on profit | 1,612,369 |  | 679,301 |  |

| Reconciliation of total tax charge included in profit and loss

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

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Profit before tax | 4,890,855 |  | 3,086,382 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,222,714 |  | 771,596 |  |

| Effects of:

| Expenses not deductible for tax purposes | 39,427 |  | 149,397 |  |

| Adjustments to tax charge in respect of previous periods | 350,228 |  | (241,692 | ) |

| Total tax charge | 1,612,369 |  | 679,301 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

10. | DIVIDENDS

| Period |  | Period

| 29.6.24 |  | 24.6.23

| to |  | to

| 27.6.25 |  | 28.6.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 1,250,000 |  | 1,800,000 |  |

11. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Long |  | Plant and |  | and |

| property |  | leasehold |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 29 June 2024 | 7,716,461 |  | 947,227 |  | 15,038,335 |  | 9,038,938 |  | 32,740,961 |  |

| Additions | 268,624 |  | 3,506,635 |  | 905,418 |  | 1,440,653 |  | 6,121,330 |  |

| Disposals | - |  | - |  | (85,801 | ) | (1,347,077 | ) | (1,432,878 | ) |

| At 27 June 2025 | 7,985,085 |  | 4,453,862 |  | 15,857,952 |  | 9,132,514 |  | 37,429,413 |  |

| DEPRECIATION

| At 29 June 2024 | 2,537,144 |  | 325,808 |  | 9,281,421 |  | 5,431,119 |  | 17,575,492 |  |

| Charge for period | 157,114 |  | 96,377 |  | 1,056,745 |  | 1,176,344 |  | 2,486,580 |  |

| Eliminated on disposal | - |  | - |  | (85,801 | ) | (1,272,281 | ) | (1,358,082 | ) |

| At 27 June 2025 | 2,694,258 |  | 422,185 |  | 10,252,365 |  | 5,335,182 |  | 18,703,990 |  |

| NET BOOK VALUE

| At 27 June 2025 | 5,290,827 |  | 4,031,677 |  | 5,605,587 |  | 3,797,332 |  | 18,725,423 |  |

| At 28 June 2024 | 5,179,317 |  | 621,419 |  | 5,756,914 |  | 3,607,819 |  | 15,165,469 |  |

| Plant and machinery includes assets under construction of £842,343 (2024: £314,065).

| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

|  | 27 June 2025 |  | 28 June 2024 |  |

|  | £ |  | £ |  |

| Fixtures, fittings and other assets |  | 343,282 |  | 582,802 |  |

12. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 29 June 2024

| and 27 June 2025 | 135,075 |  |

| PROVISIONS

| At 29 June 2024

| and 27 June 2025 | 135,075 |  |

| NET BOOK VALUE

| At 27 June 2025 | - |  |

| At 28 June 2024 | - |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

12. | FIXED ASSET INVESTMENTS - continued

| The directors believe that the carrying value of the investments is supported by their underlying net assets.

13. | STOCKS

2025 | 2024 |

£ | £ |

| Finished goods and goods for

| resale | 6,866,979 |  | 5,680,319 |  |

| Raw materials | 14,144,187 |  | 11,948,529 |  |

21,011,166 |  | 17,628,848 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 6,325,229 |  | 6,238,691 |  |

| Amounts owed by group undertakings | 4,424 |  | 5,960 |  |

| Other debtors | 331,300 |  | 164,487 |  |

| VAT | 867,368 |  | 300,565 |  |

| Prepayments and accrued income | 414,467 |  | 329,554 |  |

7,942,788 |  | 7,039,257 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 17) | 73,425 |  | 312,492 |  |

| Trade creditors | 5,338,861 |  | 4,657,202 |  |

| Taxation | 771,606 |  | 277,527 |  |

| Other taxes and social security | 678,499 |  | 533,827 |  |

| Accruals and deferred income | 5,178,968 |  | 3,991,373 |  |

12,041,359 |  | 9,772,421 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 17) | - |  | 73,424 |  |

| Hire purchase liabilities are secured over the assets to which they relate.

17. | LEASES

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 73,425 |  | 312,492 |  |

| Between one and five years | - |  | 73,424 |  |

73,425 |  | 385,916 |  |

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

17. | LEASES - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 107,000 |  | 145,330 |  |

| Between one and five years | 56,594 |  | 178,663 |  |

163,594 |  | 323,993 |  |

18. | PROVISIONS FOR LIABILITIES

|  | 52 weeks ended |  |  | 53 weeks ended |  |

|  | 27 June 2025 |  |  | 28 June 2024 |  |

|  | £ |  |  | £ |  |

| At the beginning of the period |  | 1,294,514 |  |  | 1,122,920 |  |

| Charge/(credit) |  | (3,291 | ) |  | (37,478 | ) |

| Adjustment in respect of prior years |  | 266,524 |  |  | 209,072 |  |

|  | 1,557,747 |  |  | 1,294,514 |  |

| The provision for deferred taxation is made up as follows: |  |

|  | 27 June 2025 |  |  | 28 June 2024 |  |

|  | £ |  |  | £ |  |

| Fixed asset timing differences |  | 1,646,365 |  |  | 1,432,330 |  |

| Short term timing differences |  | (88,618 | ) |  | (137,816 | ) |

|  | 1,557,747 |  |  | 1,294,514 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 142,445 | Ordinary | £1 | 142,445 |  | 142,444 |  |

| During the year, 1 Ordinary share of £1 was issued for £187,758. The premium of £187,757 is shown in the share premium account.

20. | PENSION COMMITMENTS

| The company's pension contributions are charged to the profit and loss account in the period in which they are payable. The cost of contributions to the scheme in the period amount to £1,175,754 (2024: £1,067,494). An amount of £93,748 (2024: £87,922) is due to the scheme at the period end.

21. | ULTIMATE PARENT COMPANY

| Ringtons Trading Limited is regarded by the directors as being the company's ultimate parent company.

| Ringtons Trading Limited is the parent undertaking of the smallest and largest group of undertakings to consolidate these financial statements at 27 June 2025. The consolidated financial statements of Ringtons Trading Limited are available from 10-22 Algernon Road, Heaton, Newcastle upon Tyne, NE6 2YN.

RINGTONS LIMITED (REGISTERED NUMBER: 00572008)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

22. | POST BALANCE SHEET EVENTS

| A dividend of £400,000 was declared on 4 September 2025. These financial statements do not reflect the dividends payable, which will be accounted for in the year end ended 30 June 2026.