FOR THE YEAR ENDED 30 APRIL 2026
FRAMPTONS GROUP HOLDINGS LIMITED
COMPANY INFORMATION
FRAMPTONS GROUP HOLDINGS LIMITED
CONTENTS
FRAMPTONS GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2026
The Directors present their Strategic Report for the year ended 30 April 2026. The Company acts as a holding company for its subsidiary companies: Frampton Holdings Limited and Framptons Limited (together "the Group").
FY26 represented a year of delivery and stabilisation following the restructuring implemented after the acquisition by Profura in late 2023. The Group focused on returning to sustainable profitability, improving operational performance and strengthening its commercial position in contract manufacturing with a specialism in plant-based drinks.
Two major efficiency programmes initiated in the prior year – Project Genesis and Project Njord – delivered their intended outcomes in FY26, resulting in a lower and more stable cost base and supporting an improved earnings profile. These actions enabled the Group to operate with a leaner organisational structure while maintaining quality, service, and food safety standards during a period of increasing operational intensity.
Two major efficiency programmes initiated in the prior year – Project Genesis and Project Njord – delivered their intended outcomes in FY26, resulting in a lower and more stable cost base and supporting an improved earnings profile. These actions enabled the Group to operate with a leaner organisational structure while maintaining quality, service, and food safety standards during a period of increasing operational intensity.
FY26 marked a turning point for the Group as it returned to underlying profitability following several years of losses. Management achieved a significant turnaround by working honestly and diligently with multiple stakeholders that genuinely care about Framptons.
The Group has worked on the strength and quality of the balance sheet during the year. We have restructured loans to long term, raised additional financing, and controlled working capital despite growth.
The Group has worked on the strength and quality of the balance sheet during the year. We have restructured loans to long term, raised additional financing, and controlled working capital despite growth.
During FY26 the Group focused on a smaller number of strategic customers, increasing volumes with key partners and supporting them in launching fantastic new products.
The business continued to position itself as a British manufacturing partner for plant-based drinks, highlighting the environmental, cost, and supply-chain benefits of UK-based production compared with imported alternatives. The Group maintained high food safety and quality standards throughout FY26, underpinning long-term customer relationships and supporting future growth opportunities.
Investment of £2.3m was made in plant & machinery during the year, contributing to improved throughput and reliability. We have also placed an order for a third Tetra Edge A3 line that will be installed and commissioned by the end of calendar 2026 to enable a further 40 million units of operational headroom.
The business continued to position itself as a British manufacturing partner for plant-based drinks, highlighting the environmental, cost, and supply-chain benefits of UK-based production compared with imported alternatives. The Group maintained high food safety and quality standards throughout FY26, underpinning long-term customer relationships and supporting future growth opportunities.
Investment of £2.3m was made in plant & machinery during the year, contributing to improved throughput and reliability. We have also placed an order for a third Tetra Edge A3 line that will be installed and commissioned by the end of calendar 2026 to enable a further 40 million units of operational headroom.
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FRAMPTONS GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
With the operational restructuring largely complete and the cost base reset, the Directors believe the Group enters FY27 on a considerably stronger footing than at the start of FY26. The Board remains mindful of ongoing economic risks both in the UK and in particular the impact of the ongoing conflict in the Middle East, which is expected to result in sustained volatility in energy markets and higher energy, fuel and logistics costs. We strongly believe the business has positioned itself as a reliable and trusted partner for its stakeholders.
Our Environmental, Social and Governance (ESG) agenda remains central to strategy and operations. Most plant-based drinks consumed in the UK are imported from overseas, which diminishes the environmental credentials of the category due to the carbon impact of inbound logistics. The Group offers customers a British manufacturing alternative, close to market and supported by a local supply chain that is underpinned by British farming.
ESG considerations are embedded in decision-making across the business and are viewed by the Directors as integral to the Group’s long-term commercial success. We have recently submitted near and long-term carbon reduction targets to the SBTi for validation and have committed to improving the environmental impact of our supply chain.
The Group’s strategic focus is to strengthen its position as the UK’s largest independent supplier of plant-based drinks, delivering value through operational excellence, disciplined investment and deep customer partnerships. With the continued support of Profura, the commitment of its employees and the strength of its customer relationships, the Directors believe the Group is well positioned to deliver sustainable value over the long term.
Our Environmental, Social and Governance (ESG) agenda remains central to strategy and operations. Most plant-based drinks consumed in the UK are imported from overseas, which diminishes the environmental credentials of the category due to the carbon impact of inbound logistics. The Group offers customers a British manufacturing alternative, close to market and supported by a local supply chain that is underpinned by British farming.
ESG considerations are embedded in decision-making across the business and are viewed by the Directors as integral to the Group’s long-term commercial success. We have recently submitted near and long-term carbon reduction targets to the SBTi for validation and have committed to improving the environmental impact of our supply chain.
The Group’s strategic focus is to strengthen its position as the UK’s largest independent supplier of plant-based drinks, delivering value through operational excellence, disciplined investment and deep customer partnerships. With the continued support of Profura, the commitment of its employees and the strength of its customer relationships, the Directors believe the Group is well positioned to deliver sustainable value over the long term.
The principal risks and uncertainties facing the Group remain consistent with those disclosed in the prior year and are typical of the food and drink manufacturing sector. These include health and safety risk; food safety and quality; customer demand and concentration; raw material pricing and availability; energy and utilities costs; liquidity and funding risk; and recruitment and retention of key personnel.
The Board continues to maintain an appropriate control environment, supported by regular risk review and an insurance programme aligned to the size and nature of the business.
The Board continues to maintain an appropriate control environment, supported by regular risk review and an insurance programme aligned to the size and nature of the business.
The Directors have determined that the following KPI’s are the most effective measure of progress towards achieving the objectives of the business.
Sales growth %: 2026: 4.6% 2025: (29.6)%
Gross profit %: 2026: 26.5% 2025: 23.8%
Operating profit %: 2026: 5.0% 2025: (2.3%)
Profit/(Loss) before tax: 2026: £1.1m 2025: £(1.6)m
Sales growth %: 2026: 4.6% 2025: (29.6)%
Gross profit %: 2026: 26.5% 2025: 23.8%
Operating profit %: 2026: 5.0% 2025: (2.3%)
Profit/(Loss) before tax: 2026: £1.1m 2025: £(1.6)m
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FRAMPTONS GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
The Board of Directors of the Group consider, both individually and together, that they have acted in the way they consider, in good faith, would be most likely to promote the success of the Group for the benefit of its members as a whole and having regard (amongst other matters) to factors (a) to (f) S172 Companies Act 2006, in the decisions taken during the year ended 30 April 2026. Specifically, the Board ensure in all decisions taken that:
∙Business is conducted morally and ethically, in line with the Group’s Code of Conduct.
∙Short-term gains do not have an adverse consequence on the Group’s long-term strategy, success and benefits.
∙Employee welfare, training and interests are taken care of.
∙Customer and supplier relationships are strong, mutually beneficial and comply with Group’s policies (such as anti-bribery and corruption, antislavery and human trafficking and corporate social responsibility).
∙Any community and environmental impacts as a result of the Group’s operations are considered.
During the financial year, the Group:
∙Continued to invest in its infrastructure throughout the last financial year in order to improve health & safety, operational performance and customer experience for the longer term.
∙Informally consulted with its employees to ensure its workspaces and working practices were compliant and safe.
This report was approved by the board and signed on its behalf.
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FRAMPTONS GROUP HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2026
The directors present their report and the financial statements for the year ended 30 April 2026.
The profit for the year, after taxation, amounted to £746,920 (2025: loss £1,319,124).
No dividends were declared or paid during the period.
The directors who served during the year were:
The Group has continued with investments aimed at improving energy efficiencies across its operations.
For the year ended 30 April 2026 Framptons Limited's (the only company in the Group required to report) energy consumption (in MWh) and the CO2 equivalent emissions in tonnes (tCO2e) were:
Direct (gas, transport & liquid fuels) 2026: 26,870 MWh / 4,903 tCO2e 2025: 28,099 MWh / 5,145 tCO2e
Indirect (purchased electricity) 2026: 4,795 MWh / 628 tCO2e 2025: 3,966 MWh / 702 tCO2e
Indirect (employee owned cars) 2026: 21 MWh / 0 tCO2e 2025: 20 MWh / 0 tCO2e
Intensity ratio* 2026: 0.09 2025: 0.11
*(tCO2e) per tonne of production
Indirect (purchased electricity) 2026: 4,795 MWh / 628 tCO2e 2025: 3,966 MWh / 702 tCO2e
Indirect (employee owned cars) 2026: 21 MWh / 0 tCO2e 2025: 20 MWh / 0 tCO2e
Intensity ratio* 2026: 0.09 2025: 0.11
*(tCO2e) per tonne of production
The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 requires a Strategic Report to be prepared. Where mandatory disclosures in the Directors' Report are considered by the directors to be of strategic importance, these are addressed in the Strategic Report.
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FRAMPTONS GROUP HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
The auditors, Bishop Fleming Audit Limited, 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.
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FRAMPTONS GROUP HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 APRIL 2026
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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FRAMPTONS GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF FRAMPTONS GROUP HOLDINGS LIMITED
We have audited the financial statements of Framptons Group Holdings Limited (the 'parent company') and its subsidiaries (the 'Group') for the year ended 30 April 2026, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company 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 auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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.
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FRAMPTONS GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF FRAMPTONS GROUP HOLDINGS LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group 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 Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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FRAMPTONS GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF FRAMPTONS GROUP HOLDINGS LIMITED (CONTINUED)
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 Group 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:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:
∙The nature of the industry and sector, control environment and business performance;
∙Results of our enquires of management and directors in relation to their own identification and assessment of the risks of irregularities within the Company; and
∙Any matters we identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or noncompliance with laws and regulations.
As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest areas of risk to be in relation to revenue recognition, with a particular risk in relation to occurrence through unusual account combinations. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.
We have also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures within the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and UK tax legislation. In addition we considered provision of other laws and regulations that do not have a direct effect on the financial statements but compliance with may be fundamental for the Company’s ability to operate or avoid a material penalty. These included health and safety regulations, employment legislation and data protection laws.
Our audit procedures performed to respond to the risks identified included, but were not limited to:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue;
∙Challenging assumptions and judgments made by management in their significant accounting estimates;
∙Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
∙Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
∙Reviewing board minutes; and
∙Identifying and testing journal entries, evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
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
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FRAMPTONS GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF FRAMPTONS GROUP HOLDINGS LIMITED (CONTINUED)
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.
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.
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.
for and on behalf of
Chartered Accountants
Statutory Auditors
10 Temple Back
BS1 6FL
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FRAMPTONS GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
REGISTERED NUMBER:08776968
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 38 form part of these financial statements.
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FRAMPTONS GROUP HOLDINGS LIMITED
REGISTERED NUMBER:08776968
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 38 form part of these financial statements.
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FRAMPTONS GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2026
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
Framptons Group Holdings Limited is a limited liability company which is incorporated in England and Wales. The address of the registered office is 76 Charlton Road, Shepton Mallet, Somerset, BA4 5PD.
2.ACCOUNTING POLICIES
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 Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The Directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company, and the Group it heads, to continue as a going concern. The Directors make this assessment in respect of a period of 12 months from the date of approval of the financial statements.
During the year ended 30 April 2026 the Group headed by Framptons Group Holdings Limited made a profit of £746,920 and as at 30 April 2026 had net current liabilities of £450,818 and net liabilities of £165,680.
During the year ended 30 April 2026 the Group headed by Framptons Group Holdings Limited made a profit of £746,920 and as at 30 April 2026 had net current liabilities of £450,818 and net liabilities of £165,680.
The Group is reliant on support from an intermediate holding company of its ultimate owner, Profuragruppen AB, to enable it to continue as a going concern. The Group has received a letter of support from Provator AB and the Directors have concluded that this support, and the resources available to Provator AB, provide sufficient support to enable the company to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements.
The Directors believe that, taken as a whole, the factors described above enable the Group and the Company to continue as a going concern for the foreseeable future.
The Directors believe that, taken as a whole, the factors described above enable the Group and the Company to continue as a going concern for the foreseeable future.
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Consolidated statement of comprehensive income over its useful economic life.
OTHER INTANGIBLES
Other intangibles are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life, If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 10 years.
The estimated useful lives range as follows:
Goodwill - 10 years
Other intangibles - 10 years
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Consolidated statement of comprehensive income over its useful economic life.
OTHER INTANGIBLES
Other intangibles are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life, If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 10 years.
The estimated useful lives range as follows:
Goodwill - 10 years
Other intangibles - 10 years
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
The Group 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 Group. 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.
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.
The estimated useful lives range as follows:
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.
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 the Statement of Comprehensive Income.
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
Functional and presentation currency
Transactions and balances
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
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.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
2.ACCOUNTING POLICIES (CONTINUED)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
Stock Provision
Management have considered slow moving reports, expiry reports and expected future custom in relation
to the year end stock listing. As a result, management have deemed it reasonable to recognise a provision
against the stock value held at the year end.
Overhead Absorption
Management have reviewed the processes involved in manufacturing the finished goods stock and have made their best estimate in attributing overhead costs such as electricity, gas and staff time.
Dilapidations
Management have considered the cost of returning the leasehold property back to its original condition on expiry of the leases. The value recognised in the accounts is managements best estimate based upon available information.
Goodwill
Management have considered the future economic benefit of the assets the goodwill balance is arising on and have determined it to be reasonable to recognise a goodwill balance. Management's best estimate is that this should be amortised over a useful economic life of 10 years.
The whole of the turnover is attributable to the principal activities of the group.
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
10.TAXATION (CONTINUED)
The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent company for the year was £19,207 (2025: £238,005 ).
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
Page 33
FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
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FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
Share premium account
Other reserves
Profit and loss account
Page 36
FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £141,100 (2025: £163,499). Contributions totalling £43,109 (2025: £33,368) were payable to the fund at the reporting date.
Page 37
FRAMPTONS GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
The dissolution has no impact on the financial statements for the year ended 30th April 2026.
The immediate parent undertaking is PB Investment Team AB , a company incorporated in Sweden.
The ultimate parent undertaking, and parent that prepares consolidated accounts for the largest group that includes the company isProfuragruppen AB , a company incorporated in Sweden.
The ultimate controlling party is Bernt Ivarsson.
The ultimate parent undertaking, and parent that prepares consolidated accounts for the largest group that includes the company is
The ultimate controlling party is Bernt Ivarsson.
Page 38