Company No: 15794432 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Investments	3	778,157		778,157
		778,157		778,157
Creditors: amounts falling due within one year	4	( 29,887)		( 27,087)
Net current liabilities		(29,887)		(27,087)
Total assets less current liabilities		748,270		751,070
Net assets		748,270		751,070
Capital and reserves
Called-up share capital		70		70
Profit and loss account		748,200		751,000
Total shareholder's funds		748,270		751,070

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Ruffwear Europe Limited (registered number: 15794432) were approved and authorised for issue by the Board of Directors on 03 July 2026. They were signed on its behalf by:

J Heydon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Ruffwear Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tanfield Business Centre Tanfield Lea Industrial Estate North, Tanfield Lea, Stanley, DH9 9DB, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The comparative period was from incorporation on 22 June 2024 to 31 December 2024. The comparative figures included are therefore not entirely comparable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	Year ended 31.12.2025		Period from 22.06.2024 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Fixed asset investments

Investments in subsidiaries

	31.12.2025
	£
Cost
At 01 January 2025	778,157
At 31 December 2025	778,157
Carrying value at 31 December 2025	778,157
Carrying value at 31 December 2024	778,157

The investment represents 100% of the share capital of Accapi Ltd. The principal activity of Accapi Ltd is that of the distribution of performance outdoor gear for dogs.

4. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Amounts owed to Group undertakings	27,487		25,087
Other creditors	2,400		2,000
	29,887		27,087

Amounts owed to group undertakings are interest free and repayable on demand.

5. Related party transactions

The company has taken advantage of the exemption within FRS 102 section 1A from disclosing related party transactions with wholly-owned entities within its group.

6. Events after the Balance Sheet date

On 18 May 2026, after the end of the reporting period, G Heydon, the sole shareholder of the company, sold his entire shareholding to Ruffwear Europe Holdings Limited (formerly Ruffwear Europe Limited).

This transaction represents a change in ownership and control of the company and is considered a non-adjusting event after the end of the reporting period. Accordingly, no adjustment has been made to the amounts recognised in these financial statements.

7. Ultimate controlling party

Parent Company:

Ruffwear Europe Holdings Limited

Tanfield Lea Business Centre, Tanfield Lea, Stanley, England, DH9 9DB