Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 2025-01-01 true false No description of principal activity 7 7 true false 05436091 2025-01-01 2025-12-31 05436091 2025-12-31 05436091 2024-01-01 2024-12-31 05436091 2024-12-31 05436091 c:CompanySecretary1 2025-01-01 2025-12-31 05436091 c:Director1 2025-01-01 2025-12-31 05436091 c:Director2 2025-01-01 2025-12-31 05436091 c:RegisteredOffice 2025-01-01 2025-12-31 05436091 d:Buildings d:ShortLeaseholdAssets 2025-01-01 2025-12-31 05436091 d:Buildings d:ShortLeaseholdAssets 2025-12-31 05436091 d:Buildings d:ShortLeaseholdAssets 2024-12-31 05436091 d:PlantMachinery 2025-01-01 2025-12-31 05436091 d:PlantMachinery 2025-12-31 05436091 d:PlantMachinery 2024-12-31 05436091 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05436091 d:FurnitureFittings 2025-01-01 2025-12-31 05436091 d:FurnitureFittings 2025-12-31 05436091 d:FurnitureFittings 2024-12-31 05436091 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05436091 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05436091 d:CurrentFinancialInstruments 2025-12-31 05436091 d:CurrentFinancialInstruments 2024-12-31 05436091 d:Non-currentFinancialInstruments 2025-12-31 05436091 d:Non-currentFinancialInstruments 2024-12-31 05436091 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 05436091 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05436091 d:ShareCapital 2025-12-31 05436091 d:ShareCapital 2024-12-31 05436091 d:OtherMiscellaneousReserve 2025-12-31 05436091 d:OtherMiscellaneousReserve 2024-12-31 05436091 d:RetainedEarningsAccumulatedLosses 2025-12-31 05436091 d:RetainedEarningsAccumulatedLosses 2024-12-31 05436091 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-01-01 2025-12-31 05436091 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-12-31 05436091 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 05436091 c:FRS102 2025-01-01 2025-12-31 05436091 c:Audited 2025-01-01 2025-12-31 05436091 c:FullAccounts 2025-01-01 2025-12-31 05436091 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05436091 d:WithinOneYear 2025-12-31 05436091 d:WithinOneYear 2024-12-31 05436091 d:BetweenOneFiveYears 2025-12-31 05436091 d:BetweenOneFiveYears 2024-12-31 05436091 d:MoreThanFiveYears 2025-12-31 05436091 d:MoreThanFiveYears 2024-12-31 05436091 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05436091 2 2025-01-01 2025-12-31 05436091 4 2025-01-01 2025-12-31 05436091 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Company registration number: 05436091
| FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| AKRIS U.K. LTD
AKRIS U.K. LTD |  |
COMPANY INFORMATION
Directors | P. Kriemler
| H. Rohner
Company secretary | G. Altmann
Registered number | 05436091
Registered office | 30 Old Bond Street
| London
| W1S 4QQ
Independent auditors | Menzies LLP
| Chartered Accountants & Statutory Auditor
| 2nd Floor, Midas House
| 62 Goldsworth Road
| Woking
| Surrey
| GU21 6LQ
AKRIS U.K. LTD |  |
CONTENTS
| Page
Statement of financial position | 1
Notes to the financial statements | 2 - 7
AKRIS U.K. LTD REGISTERED NUMBER:05436091 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 23,020 |  | 28,542
|  |  | 23,020 |  | 28,542
Current assets |  |  |  |  |
Stocks | 6 | 1,783,167 |  | 1,674,016 |
Debtors: amounts falling due after more than one year | 7 | 231,786 |  | 228,465 |
Debtors: amounts falling due within one year | 7 | 1,145,790 |  | 853,453 |
Cash at bank and in hand |  | 25,231 |  | 71,421 |
|  | 3,185,974 |  | 2,827,355 |
Creditors: amounts falling due within one year | 8 | (1,256,532) |  | (959,954) |
Net current assets |  |  | 1,929,442 |  | 1,867,401
Total assets less current liabilities |  |  | 1,952,462 |  | 1,895,943
Provisions for liabilities |  |  |  |  |
Other provisions | 9 | (90,264) |  | (88,269) |
|  |  | (90,264) |  | (88,269)
Net assets |  |  | 1,862,198 |  | 1,807,674
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 500,000 |  | 500,000
Other reserves |  |  | 2,600,000 |  | 2,600,000
Profit and loss account |  |  | (1,237,802) |  | (1,292,326)
|  |  | 1,862,198 |  | 1,807,674
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ H. Rohner
Director
Date: 14 April 2026
Page 1
AKRIS U.K. LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Akris U.K. Ltd (the Company) is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is disclosed on the Company Information page. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.3 | Revenue
Revenue arises from the sale of women's clothing and accessories in store and in concessions. Revenue represents fair value of amounts receivable for goods and services and is stated net of discounts, value added taxes and returns. Revenue generated from retail sales are recognised when Akris U.K. Ltd sells a product to a customer.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 2
AKRIS U.K. LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | over life of lease
|  |  |  | Plant and machinery | - | 20% straight line method
|  |  |  | Fixtures and fittings | - | 20% straight line method
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 3
AKRIS U.K. LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Akris U.K. Limited may return old or unused stock to their parent company Akris Prêt-à-Porter AG at cost less the accumulated stock provision. The stock provision is calculated based on the age of the season of stock and the classification of the different categories of stock. The provision ranges as follows for each category: Type of stock Provision applied Carry over 20% - 90% Mark down 40% - 90% Basic 20%
| 2.10 | Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.12 | Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either assets, financial liabilities or equity instruments. An equity instrument is any contract the evidences a residual interest in the assets of the company after deducting all of its liabilities. Page 4
AKRIS U.K. LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed. Significant judgements The Company did not make any judgements that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Dilapidation provision has been included and is depreciated over the term of the lease. The expected amount payable at the end of the lease is regularly reviewed by management, and the provision adjusted accordingly.
4. | Employees
| The average monthly number of employees, including directors, during the year was 7 (2024 - 7).
5. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 1,688,681 | 10,100 | 18,903 | 1,717,684
| At 31 December 2025 | 1,688,681 | 10,100 | 18,903 | 1,717,684
| Depreciation |  |  |  |
| At 1 January 2025 | 1,661,650 | 8,589 | 18,903 | 1,689,142
| Charge for the year on owned assets | 4,760 | 762 | - | 5,522
| At 31 December 2025 | 1,666,410 | 9,351 | 18,903 | 1,694,664
| Net book value |  |  |  |
| At 31 December 2025 | 22,271 | 749 | - | 23,020
| At 31 December 2024 | 27,031 | 1,511 | - | 28,542
Page 5
AKRIS U.K. LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 1,783,167 | 1,674,016
|  | 1,783,167 | 1,674,016
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 231,786 | 228,465
|  | 231,786 | 228,465
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 52,413 | 90,370
| Amounts owed by group undertakings | 693,836 | 286,101
| Other debtors | 1,122 | 64,681
| Prepayments and accrued income | 398,419 | 412,301
|  | 1,145,790 | 853,453
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 56,878 | 64,054
| Amounts owed to group undertakings | 894,000 | 790,000
| Other taxation and social security | 8,775 | 9,692
| Other creditors | 15,802 | 16,032
| Accruals and deferred income | 281,077 | 80,176
|  | 1,256,532 | 959,954
| Included within amounts owed to group undertakings is an interest bearing loan due to Akris Prêt-à-Porter AG. Interest is charged at a rate equal to the yearly circular letter from the Swiss Federal Tax Administration 4.50% (2024 - 3.75%).
Page 6
AKRIS U.K. LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Provisions
|  | Dilapidation provision
|  | £
| At 1 January 2025 | 88,269
| Movement in the year | 1,995
| At 31 December 2025 | 90,264
| The dilapidation provision covers the term of the lease and is depreciated annually. The expected amount payable at the end of the lease is regularly reviewed by management, and the provision adjusted accordingly.
10. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 1,200,000 | 1,200,000
| Later than 1 year and not later than 5 years | 4,300,000 | 4,800,000
| Later than 5 years | - | 700,000
|  | 5,500,000 | 6,700,000
11. | Related party transactions
The company has taken advantage of the exemption is exempt from disclosing other related party transactions as they are with other companies that are wholly owned within the Akris Prêt-à-Porter AG group, due to the disclosure exemptions available under FRS 102.
12. | Parent company
The parent of the smallest group for which consolidated financial statements are drawn up is Akris Prêt-à-Porter AG. The address of their registered office is Kalabinth 21 Speicher, 9042, Switzerland.
13. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 14 April 2026 by Miriam Hanley ACA Senior Statutory Auditor on behalf of Menzies LLP.
Page 7