ACCOUNTS - Final Accounts preparation

Operating profit

The operating profit is stated after charging:

Registered number: 05992529

RITMEESTER CIGARS UK LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

RITMEESTER CIGARS UK LIMITED

COMPANY INFORMATION

Directors	A Swain (resigned 2 May 2025)
	M Pala


Registered number	05992529


Registered office	Units B & C Sandal House
	3 Wakefield Road
	Richmond
	TW10 6SD


Independent auditors	James Cowper Kreston Audit
	Chartered Accountants and Statutory Auditors
	Apex
	Forbury Road
	Reading
	Berkshire
	RG1 1AX

RITMEESTER CIGARS UK LIMITED

CONTENTS

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditors' Report	4 - 7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Analysis of Net Debt	12
Notes to the Financial Statements	13 - 21

RITMEESTER CIGARS UK LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

BUSINESS REVIEW

The results of the year and financial position of the company are as shown in the annexed financial statements.

Turnover, gross margin and net profit are the main measures used to monitor the performance of the company.

Our ongoing focus to make our products more widely available to consumers, delivering high quality products at market attractive prices and satisfying consumer needs and demand has continued to be a challenge in 2025, as it was in previous years.

The continued rise in popularity and availability of NGP’s (next Generation Products) has further impacted our ability to transition adult smokers into our category, and continued to put pressure on space making it harder to grow our distribution, making our products more available for our smiling consumers.

Despite these challenges, the company delivered a solid overall performance and maintained a stable and resilient business.

PRINCIPAL RISKS AND UNCERTAINTIES

The company uses various financial instruments including cash and items such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.

The existence of these financial instruments exposes the company to a number of financial risks which are described in more detail below.

The main risks from the company's financial statements are interest rate risk and credit risk.

CREDIT RISK

Investments of cash surpluses are made through banks and companies which must fulfil credit rating criteria approved by the directors.

INTEREST RATE RISK

The company has interest bearing assets. Interest bearing assets include only cash balances that earn interest at a market rate.

FUTURE DEVELOPMENTS

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

This report was approved by the board and signed on its behalf.

M Pala

Director

Date: 11 May 2026

Page 1

RITMEESTER CIGARS UK LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal activity

The principal activity of the company in the year under review was that of distributing cigars.

Results

The profit for the year, after taxation, amounted to £1,584,350 (2024 - £1,204,908).

Directors

The directors who served during the year were:

A Swain (resigned 2 May 2025)

M Pala

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to 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.

Page 2

RITMEESTER CIGARS UK LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

M Pala

Director

Date: 11 May 2026

Page 3

RITMEESTER CIGARS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RITMEESTER CIGARS UK LIMITED

Opinion

We have audited the financial statements of Ritmeester Cigars UK Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Analysis of Net Debt, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, 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 31 December 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 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 United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.

Page 4

RITMEESTER CIGARS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RITMEESTER CIGARS UK LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

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

∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In 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 Directors' Report.

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

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

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

RITMEESTER CIGARS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RITMEESTER CIGARS UK LIMITED (CONTINUED)

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 an Auditors' 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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

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 Auditors' Report.

Page 6

RITMEESTER CIGARS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RITMEESTER CIGARS UK LIMITED (CONTINUED)

Use of our report

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

Darren O'Connor BSc (Hons) ACA FCCA (Senior Statutory Auditor)

for and on behalf of

James Cowper Kreston Audit

Chartered Accountants and Statutory Auditors

Apex

Forbury Road

Reading

Berkshire

RG1 8LS

12 May 2026

Page 7

RITMEESTER CIGARS UK LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	4	20,837,327	20,971,911
Cost of sales		(16,094,831)	(16,835,735)
Gross profit		4,742,496	4,136,176
Distribution costs		(158,079)	(141,006)
Administrative expenses		(2,423,031)	(2,349,138)
Operating profit	5	2,161,386	1,646,032
Interest receivable and similar income		-	1,975
Interest payable and similar expenses		(29,663)	(29,663)
Profit before tax		2,131,723	1,618,344
Tax on profit	9	(547,373)	(413,436)
Profit for the financial year		1,584,350	1,204,908

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 13 to 21 form part of these financial statements.

Page 8

RITMEESTER CIGARS UK LIMITED

REGISTERED NUMBER: 05992529

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	10		7,131		41,638
			7,131		41,638
Current assets
Stocks	11	2,635,356		2,988,752
Debtors: amounts falling due within one year	12	3,735,835		3,901,680
Cash at bank and in hand	13	3,816,936		1,922,605
		10,188,127		8,813,037
Creditors: amounts falling due within one year	14	(2,412,669)		(2,656,436)
Net current assets			7,775,458		6,156,601
Total assets less current liabilities			7,782,589		6,198,239

Net assets			7,782,589		6,198,239

Capital and reserves
Called up share capital	15	2,100,000	2,100,000
Profit and loss account	16	5,682,589	4,098,239
		7,782,589	6,198,239

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Pala

Director

Date: 11 May 2026

The notes on pages 13 to 21 form part of these financial statements.

Page 9

RITMEESTER CIGARS UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	2,100,000	2,893,331	4,993,331

Profit for the year	-	1,204,908	1,204,908

At 1 January 2025	2,100,000	4,098,239	6,198,239

Profit for the year	-	1,584,350	1,584,350
At 31 December 2025	2,100,000	5,682,589	7,782,589

The notes on pages 13 to 21 form part of these financial statements.

Page 10

RITMEESTER CIGARS UK LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	1,584,350	1,204,908
Adjustments for:
Depreciation of tangible assets	20,948	32,502
Interest paid	29,663	29,663
Interest received	-	(1,975)
Taxation charge	547,373	413,436
Decrease in stocks	353,396	1,075,819
Decrease/(increase) in debtors	134,961	(71,372)
Increase in creditors	248,764	66,924
(Decrease) in amounts owed to group undertakings	(489,020)	(631,508)
Corporation tax (paid)	(520,000)	(456,975)
Net cash generated from operating activities	1,910,435	1,661,422

Cash flows from investing activities
Purchase of tangible fixed assets	(2,691)	(24,901)
Sale of tangible fixed assets	16,250	-
Interest received	-	1,975
Net cash from investing activities	13,559	(22,926)
Cash flows from financing activities
Interest paid	(29,663)	(29,663)
Net cash used in financing activities	(29,663)	(29,663)
Net increase in cash and cash equivalents	1,894,331	1,608,833
Cash and cash equivalents at beginning of year	1,922,605	313,772
Cash and cash equivalents at the end of year	3,816,936	1,922,605

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	3,816,936	1,922,605
	3,816,936	1,922,605

The notes on pages 13 to 21 form part of these financial statements.

Page 11

RITMEESTER CIGARS UK LIMITED

ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 DECEMBER 2025


At 1 January 2025	Cash flows	At 31 December 2025
£	£	£

Cash at bank and in hand	1,922,605	1,894,331	3,816,936
	1,922,605	1,894,331	3,816,936

The notes on pages 13 to 21 form part of these financial statements.

Page 12

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Ritmeester Cigars UK Limited is a private Company limited by share capital and Incorporated in England and Wales. The address of the principal place of business is Unit B & C Sandal House, 3 Wakefield Road, Richmond, TW10 6SD.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

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.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 13

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

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:

Fixtures & fittings	-	10%	straight line
Computer equipment	-	33%	straight line
Improvements to leasehold property	-	20%	straight line

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.

2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Costs include all direct costs.

Page 14

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Debtors

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

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 15

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The Company's accounting policies are set out above. Management are required to excercise significant judgment and make use of estimates and assumptions in the application of these policies. Areas where management require significant accounting judgments are:

Bad debt provisions

Provisions are estimated by the company in respect of specific debts based upon the age of the debt and knowledge of known issues.

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.

4.	Turnover
		2025	2024
		£	£

	Sales	20,837,327	20,971,911

All turnover arose within the United Kingdom.

Depreciation on owned assets	20,948	32,502
Exchange differences	9,483	1,217
Other operating lease rentals	100,213	111,730

Page 16

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

	Fees payable to the Company's auditors for the audit of the Company's financial statements	23,800	22,650
	Fees payable to the Company's auditors for other non-audit services	2,500	2,450

Wages and salaries	639,045	787,808
Social security costs	117,989	106,260
Cost of defined contribution scheme	41,213	45,735
Private health insurance	21,060	18,537
	819,307	958,340

The directors' consider it appropriate to restate the prior year figures to include private health insurance.

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Administration	1	1
Sales	14	15

	15	16

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	40,063	128,281
Company contributions to defined contribution pension schemes	4,959	13,127
	45,022	141,408

The directors comprise the key management personnel of the company.

Page 17

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Corporation tax
Current tax on profits for the year	547,373	415,040
Adjustments in respect of previous periods	-	(1,604)

Total current tax	547,373	413,436

Profit on ordinary activities before tax

2,131,723

1,618,344

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	532,931	404,586
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	8,791	8,906
Capital allowances for year in excess of depreciation	161	542
Remeasurement of deferred tax for changes in tax rates	8,373	1,006
Adjustments to tax charge in respect of prior periods	-	(1,604)
Other differences leading to an increase (decrease) in the tax charge	(2,883)	-
Total tax charge for the year	547,373	413,436

Page 18

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	Tangible fixed assets

	Improvement to Leasehold Property	Fixtures & fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	40,502	53,329	89,637	183,468
Additions	-	-	2,691	2,691
Disposals	-	-	(27,000)	(27,000)
At 31 December 2025	40,502	53,329	65,328	159,159
Depreciation
At 1 January 2025	34,841	46,584	60,405	141,830
Charge for the year	5,646	6,428	8,874	20,948
Disposals	-	-	(10,750)	(10,750)
At 31 December 2025	40,487	53,012	58,529	152,028
Net book value
At 31 December 2025	15	317	6,799	7,131
At 31 December 2024	5,661	6,745	29,232	41,638

11.	Stocks
		2025	2024
		£	£

	Finished goods and goods for resale	2,635,356	2,988,752

12.

Debtors

					2025	2024
					£	£


Trade debtors	3,405,788	3,543,091
Amounts owed by group undertakings	40,808	44,319
Other debtors	289,239	314,270
	3,735,835	3,901,680

Page 19

RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	3,816,936	1,922,605

14.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	141,606	175,354
Amounts owed to group undertakings	947,973	1,440,504
Other taxation and social security	1,110,423	791,197
Accruals and deferred income	212,667	249,381
	2,412,669	2,656,436

15.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2,100 (2024 - 2,100) Ordinary shares of £1,000.00 each	2,100,000	2,100,000

16.

Reserves

Profit & loss account

The profit and loss account consists of all current and prior period profits and losses.

17.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £41,213 (2024: £45,735).

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RITMEESTER CIGARS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Not later than 1 year	81,247	58,582
Later than 1 year and not later than 5 years	65,517	26,559
	146,764	85,141

19.	Related party transactions
	The company is exempt from disclosing related party transactions with other 100% owned members of the group headed by DANNEMANN Holding AG (Previously known as Burger Holding AG) by virtue of FRS 102 section 33.1A.

20.	Controlling party

The parent undertaking of this company is DANNEMANN Holding AG, (Previously known as Burger Holding AG), which is registered in Switzerland.

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