ACCOUNTS - Final Accounts

Registered number: 16019492 (England and Wales)

FULTON MARKET GROUP EUROPE LTD

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025


FULTON MARKET GROUP EUROPE LTD

COMPANY INFORMATION

Director	M Toll


Company secretary	S Spada


Registered number	16019492


Registered office	Rivington Studios Second Floor
	1 Bath Place
	Old Street
	London
	United Kingdom
	EC2A 3DA


Independent auditors	ZEDRA Audit & Assurance (UK) Limited


FULTON MARKET GROUP EUROPE LTD

CONTENTS

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 8


FULTON MARKET GROUP EUROPE LTD REGISTERED NUMBER:16019492

BALANCE SHEET

AS AT 30 JUNE 2025

		2025
Note		$

Fixed assets
Tangible assets	4		7,544
			7,544
Current assets
Debtors: amounts falling due within one year	5	20,398
Cash at bank and in hand		200,978
		221,376
Creditors: amounts falling due within one year	6	(212,498)
Net current assets			8,878
Total assets less current liabilities			16,422

Net assets			16,422

Capital and reserves
Called up share capital	7	1
Profit and loss account		16,421
		16,422

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:

M Toll

Director

Date: 2 July 2026

The notes on pages 3 to 8 form part of these financial statements.

Page 1


FULTON MARKET GROUP EUROPE LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 JUNE 2025

	Called up share capital	Profit and loss account	Total equity
	$	$	$
At 15 October 2024	1	-	1
Comprehensive income for the period
Profit for the period	-	24,828	24,828
Currency translation differences	-	(8,407)	(8,407)
At 30 June 2025	1	16,421	16,422

Page 2


FULTON MARKET GROUP EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Company was incorporated on 15 October 2024 and commenced trading from October 2024. This is the first set of financial statements prepared by the Company. The period under review is from 15 October 2024 to 30 June 2025.

The following principal accounting policies have been applied:

1.2

Going concern

The Company has entered into a cost plus arrangement with the parent company, Fulton Market Australasia Pty Ltd, which means the Company will be profit making, though it causes reliance on the parent company in order to continue as a going concern.
The Company has received written confirmation from its parent company that it will continue to provide financial support to the Company for a period of 12 months from the date of signing these financial statements.
In assessing the Company's ability to continue as a going concern, the director has considered the the availability of financing from the parent company, through a review of resources available at the parent company and forecast cash requirements of the Company. The director is confident that the Company will continue to be able to meet its obligations as liabilities fall due. For these reasons, the director continues to prepare the financial statements on a going concern basis.

Page 3


FULTON MARKET GROUP EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

1.Accounting policies (continued)

1.3

Foreign currency translation

Functional and presentation currency

The Company's functional currency is GBP. This differs from the presentational currency which is USD due to group requirements.
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

Page 4


FULTON MARKET GROUP EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

1.Accounting policies (continued)

1.4

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 7.5% basis, in line with the agreed basis with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the intercompany service agreement; and

∙the costs incurred under the intercompany service agreement can be measured reliably.

1.5

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.

1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

1.7

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.

1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5


FULTON MARKET GROUP EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

1.Accounting policies (continued)

1.8

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.

The estimated useful lives range as follows:

Computer equipment

years

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.

1.9

Debtors

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

1.10

Creditors

Short-term creditors are measured at the transaction price. Amounts due to undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

Employees

The average monthly number of employees during the period was 2.

3.	Auditors' information

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

The audit report was signed on 3 July 2026 by Adam Wildbore FCCA (Senior Statutory Auditor) on behalf of ZEDRA Audit & Assurance (UK) Limited.

Page 6


FULTON MARKET GROUP EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

4.	Tangible fixed assets

		Computer equipment
		$
	Cost or valuation
	Additions	10,376
	At 30 June 2025	10,376
	Depreciation
	Charge for the period on owned assets	2,832
	At 30 June 2025	2,832
	Net book value
	At 30 June 2025	7,544

Debtors

					2025
					$


	Other debtors	20,398
		20,398

6.	Creditors: Amounts falling due within one year
		2025
		$

	Trade creditors	1,153
	Amounts owed to group undertakings	189,183
	Corporation tax	8,276
	Accruals and deferred income	13,886
		212,498

Page 7


FULTON MARKET GROUP EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

7.	Share capital
		2025
		$

		Allotted, called up and fully paid

		1 Ordinary share of $1.31	1

The Company allotted and issued 1 ordinary share at a nominal value of £1 upon incorporation.
The aggregate nominal value of the shares alloted and issued is £1.
Share capital is denominated in GBP. For presentational purposes, it has been translated into USD at the exchange rate at the date of allotment.

8.	Controlling party

The Company is a subsidiary of Fulton Market Group Australasia Pty Ltd. The parent of the smallest group for which financial statments are drawn up of which the Company is a member is Fulton Market Group Australia Unit Trust. The registered office is Suite 702, Level 7, 45 Jones Street, Ultimo NSW 2007, Australia.

9.	Post balance sheet events

There were no adjusting or non-adjusting events occuring between the end of the reporting period and the date these financial statements were approved.

Page 8