ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 14022840

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

REGISTERED NUMBER: 14022840

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		12,296		-
Current assets
Stocks		209,690		-
Debtors: amounts falling due within one year	6	117,153		100
Cash at bank and in hand		150,000		-
		476,843		100
Creditors: amounts falling due within one year	7	(360,204)		-
Net current assets			116,639		100
Total assets less current liabilities			128,935		100
Creditors: amounts falling due after more than one year			(193,345)		-

Net (liabilities)/assets			(64,410)		100

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		(64,510)	-
		(64,410)	100

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 comprehensive income 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:

................................................

Mrs M L Fletcher

Director

Date: 6 July 2026

The notes on pages 2 to 8 form part of these financial statements.

Page 1

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Fletcher International Exports UK Limited (“the Company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office are given in the Company information.
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound.

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 requirements and 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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from the parent company. The financial statements do not include any adjustments that would result if such support is not continuing.

2.3

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.

2.4

Revenue

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:

Page 2

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.4

Revenue (continued)

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.

2.5

Operating leases: the Company as lessee

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

2.6

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.

2.7

Intangible assets

Intangible assets 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 ten years.

The estimated useful lives range as follows:

Computer software

years

2.8

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 first in, first out basis.

At each balance sheet 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.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.10

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.

2.11

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.

2.12

Financial instruments

The Company 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 Company's Balance sheet when the Company 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 Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans 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.

Page 4

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.12

Financial instruments (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 instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company 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 Company 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 Company's contractual obligations expire or are discharged or cancelled.

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

The preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported. The directors do not consider that there were any significant judgements made in applying the company's accounting policies, nor any key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 2).
The directors were not remunerated during the year from this Company.

Page 5

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

5.	Intangible assets

		Computer software
		£
	Cost
	Additions	13,662
	At 30 June 2025	13,662
	Amortisation
	Charge for the year	1,366
	At 30 June 2025	1,366
	Net book value
	At 30 June 2025	12,296
	At 30 June 2024	-

Debtors

					2025	2024
					£	£


Trade debtors	114,915	-
Other debtors	2,238	100
	117,153	100

Page 6

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

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

Amounts owed to group undertakings	322,155	-
Accruals and deferred income	38,049	-
	360,204	-

Amounts owed to group undertakings falling due within one year are unsecured and are settled under normal trade creditor terms.

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Amounts owed to group undertakings	193,345	-
	193,345	-

Included in amounts owed to group undertakings falling due after more than one year, is an amount of £150,148 which pertains to a working capital loan from a related party. This balance is unsecured and bears interest at a rate of 6% per annum.
The balance of £43,197 under amounts owed to group undertakings falling due after more than one year, relates to funding provided in respect of intra-group financing arrangements. This balance is unsecured.

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £100.00	100	100

Page 7

FLETCHER INTERNATIONAL EXPORTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Not later than 1 year	18,000	-
Later than 1 year and not later than 5 years	18,000	-
	36,000	-

11.	Related party transactions
	As the Company is a wholly owned subsidiary of Frome Street Investments NO 41 PTY Ltd, the Company has taken advantage of the exemption contained in FRS 102 section 33.1A Related Party Disclosure and has therefore not disclosed transactions or balances with wholly owned entities which form part of its Group.

12.	Controlling party

The Company's immediate parent company is Fletcher International Group PTY Ltd, a company incorporated in Australia, who holds all of the issued shares. The registered office of Fletcher International Group PTY Ltd is Lot 11 Yarrandale Road, Dubbo, NSW 2830 Australia.
The consolidation financial statements of Fletcher International Group PTY Ltd, within which this Company is included, are available from the registered office above.
The Company's ultimate parent company is Frome Street Investments NO 41 PTY Ltd, a company incorporated in Australia, holding all of the issued shares in the immediate parent company Fletcher International Group PTY Ltd. The registered office of Frome Street Investments NO 41 PTY Ltd is Tower 2 Darling Park, Level 16, 201 Sussex Street, Sydney NSW 2000 Australia.
The ultimate controlling party is Mr R J Fletcher by virtue of his majority shareholding in Frome Street Investments NO 41 PTY Ltd.

13.	Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified.

The audit report was signed on 6 July 2026 by (Senior statutory auditor) on behalf of Grant Thornton UK LLP.

Page 8