Extenda Retail UK Ltd
Contents
|
Company Information |
|
|
Directors' Report |
|
|
Statement of Financial Position |
|
|
Notes to the Financial Statements |
Registration number:
Extenda Retail UK Ltd
for the Year Ended 31 December 2025
Extenda Retail UK Ltd
Contents
|
Company Information |
|
|
Directors' Report |
|
|
Statement of Financial Position |
|
|
Notes to the Financial Statements |
Extenda Retail UK Ltd
Company Information
|
Directors |
M Paul A M Lindholm |
|
Registered office |
|
|
Independent auditor |
|
Extenda Retail UK Ltd
Directors' Report for the Year Ended 31 December 2025
The directors present their annual report on the affairs of Extenda Retail Uk Ltd, together with the financial statements and the independent auditor's report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is that of an intermediary for its parent undertaking in the provision of software solutions to the retail industry in the UK.
Directors of the company
The directors who held office during the year and up to the date of approval of this report were as follows:
Going concern
The directors have considered the company’s financial position, liquidity and future performance together with financial projections for the company over the foreseeable future and have also reviewed the ongoing committed financial support from the company's parent undertaking and are confident that this will be available for the foreseeable future. After making enquiries, the directors are
satisfied that the company has sufficient resources to continue its operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Extenda Retail UK Ltd is reliant on the support of Extenda Retail AS as the parent company which is committed to the UK market and has demonstrated its support through a letter of support.
Events after the financial period
There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information (as defined by section 418 of the Companies Act 2006) and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
The auditors Shaw Gibbs (Audit) Limited are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Extenda Retail UK Ltd
Directors' Report for the Year Ended 31 December 2025 (continued)
Small companies provision statement
The directors have taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
The directors' report was approved by the
|
......................................... |
Extenda Retail UK Ltd
(Registration number: 12973252)
Statement of Financial Position as at 31 December 2025
|
Note |
2025 |
2024 |
|
|
Current assets |
|||
|
Receivables |
|
|
|
|
Cash at bank |
- |
|
|
|
|
|
||
|
Payables: Amounts falling due within one year |
( |
( |
|
|
Net assets |
|
|
|
|
Equity |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholder's funds |
|
|
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.
The financial statements of Extenda Retail UK Ltd were approved and authorised for issue by the
.........................................
Director
Extenda Retail UK Ltd
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
General information |
Extenda Retail UK Ltd (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
|
Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The directors have considered the company’s financial position, liquidity and future performance together with financial projections for the company over the foreseeable future and have also
reviewed the ongoing committed financial support from the company's parent undertaking and are confident that this will be available for the foreseeable future. After making enquiries, the directors are
satisfied that the company has sufficient resources to continue its operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue
to adopt the going concern basis in preparing the financial statements.
Extenda Retail UK Ltd is reliant on the support of Extenda Retail AS as the parent company which is committed to the UK market and has demonstrated its support through a letter of support.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Summary of disclosure exemptions
The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its parent, Extenda Retail Holding 1 AB, which may be obtained from https://www.extendaretail.com/investor-relations. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.
Extenda Retail UK Ltd
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
|
2 |
Accounting policies (continued) |
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Revenue recognition
Revenue comprises the fair value of the commission received or receivable for the provision of services to the parent undertaking in the ordinary course of the company’s activities. Revenue is shown net of value added tax. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Foreign currency transactions and balances
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Group cash pool arrangements
The Company participates in a group cash pooling arrangement operated by Extenda Retail Holding 1 AB.
Under the terms of the arrangement, the Company’s surplus cash is automatically transferred to the pool and may be offset against overdraft positions of other group companies. Amounts receivable
from the pool are presented as intercompany receivables, and amounts payable to the pool are presented as intercompany borrowings. These are measured initially at fair value (normally the
transaction amount) and subsequently at amortised cost using the effective interest method.
Interest income or expense is recognised in profit or loss on an accruals basis, in accordance with the terms of the pooling agreement.
Cash and cash equivalents
Cash and cash equivalents comprise bank current accounts that are subject to an insignificant risk of
change in value.
Extenda Retail UK Ltd
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
|
2 |
Accounting policies (continued) |
Receivables
Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.
Payables
Trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.
Financial instruments
|
Staff numbers |
The average number of persons employed by the company during the year, was
|
Receivables |
Extenda Retail UK Ltd
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
|
4 |
Receivables (continued) |
|
2025 |
2024 |
|
|
Amounts owed by immediate parent undertaking |
182,134 |
171,917 |
|
Amounts owed by group undertakings (cash pool) |
33,161 |
- |
|
Other receivables |
|
|
|
Prepayments |
|
|
|
|
|
The amount owed from group undertaking (cash pool) relates to bank balances that are legally held in the name of the parent undertaking under a group cash pool arrangement.
The amount receivable from parent and group undertakings disclosed as falling within one year is unsecured, payable on demand and is interest bearing.
|
Payables |
|
2025 |
2024 |
|
|
Due within one year |
||
|
Social security and other taxes |
13,936 |
18,711 |
|
Corporation tax |
5,253 |
- |
|
Other payables |
|
- |
|
Accruals and deferred income |
|
|
|
|
|
|
Share capital and reserves |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1 |
|
1 |
The company has one class of share capital which carries no right to fixed income.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
Extenda Retail UK Ltd
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
|
Pension scheme |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Related party transactions |
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities not to disclose transactions with entities that are wholly owned members of the group.
There were no other related party transactions to disclose.
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent undertaking and controlling party is
The most senior parent entity producing financial statements available for public use is
https://www.extendaretail.com/investor-relations.
|
Events after the financial period |
|
|
|
Audit report |
The name of the Senior Statutory Auditor who signed the audit report on