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Ankorstore Limited Registered number: 13421853 Annual report For the year ended 31 December 2025
|  | 13421853 31 December 2025
ANKORSTORE LIMITED REGISTERED NUMBER: 13421853 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 324
|  |  | - |  | 324
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 88,893 |  | 138,348 |
Cash and cash equivalents |  | 56,675 |  | 139,178 |
|  | 145,568 |  | 277,526 |
Creditors: amounts falling due within one year | 6 | (119,523) |  | (187,032) |
Net current assets |  |  | 26,045 |  | 90,494
Total assets less current liabilities |  |  | 26,045 |  | 90,818
Net assets |  |  | 26,045 |  | 90,818
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1 |  | 1
Profit and loss account |  |  | 26,044 |  | 90,817
Total equity |  |  | 26,045 |  | 90,818
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:
Nicolas D'Audiffret
Director
Date: 10 July 2026
The notes on pages 2 to 9 form part of these financial statements. - 1 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Ankorstore Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 13421853. The address of its registered office is London Picadilly Circus, 48 Warwick Street, London, England, W1B 5AW. The principal activity of the Company is to offer a B2B marketplace that allows professional retailers (decorating shops, concept stores, delicatessens, children's shops, pharmacies etc.) to buy directly from authentic brands and quality producers throughout Europe. In this sense, the platform is a "transparent" intermediary. The platform connects brands (approximately 13,000 brands listed) and retailers who may be located in the European Union or outside the European Union (e.g. UK and Switzerland). The Company issues invoices in its name and on behalf of the brands under a billing mandate, and offers two shipping solutions: • The "Brand label" solution whereby brands can use their own carrier to deliver the goods to the professional retailers. • The "Own label" solution whereby brands can use the UPS carrier under the contract between Ankorstore and UPS. 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 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 financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates. Monetary amounts within the financial statements have been rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | Basis other than going concern
The director intends to close the Company following the signing of the financial statements. In these circumstances, the director does not consider it appropriate to prepare the financial statements on a going concern basis. The financial statements have been prepared on a basis other than going concern. - 2 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentation 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. 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 the Statement of comprehensive income. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.
| 2.4 | Turnover
Turnover arises from cost recharges made to Ankorstore SAS, the parent company. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to in the Statement of comprehensive income on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Interest payable and similar expenses
Interest payable and similar expenses are charged to the Statement of comprehensive income 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. - 3 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | 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 in the Statement of comprehensive income when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.9 | Exceptional items
The Company classifies certain one-off charges or credits that have a material impact on the Company's financial results as 'exceptional items'. These are disclosed separately to provide further understanding of the financial performance of the Company. - 4 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Tangible assets
Tangible 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. At each reporting date the Company 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. 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. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 5 years
|  |  |  | Computer equipment | - | 3 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 the Statement of comprehensive income.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.12 | 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. - 5 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable. Financial assets Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in profit or loss. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date. Financial liabilities Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.
3. | Employees
| The average monthly number of employees, including the director, during the year was 4 (2024: 11).
- 6 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 219 | 5,475 | 5,694
| Disposals | (219) | (1,045) | (1,264)
| At 31 December 2025 | - | 4,430 | 4,430
| Depreciation |  |  |
| At 1 January 2025 | 142 | 5,228 | 5,370
| Charge for the year | 44 | 247 | 291
| Disposals | (186) | (1,045) | (1,231)
| At 31 December 2025 | - | 4,430 | 4,430
| Net book value |  |  |
| At 31 December 2025 | - | - | -
| At 31 December 2024 | 77 | 247 | 324
5. | Debtors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 81,203 | -
| Other debtors | 4,942 | 119,869
| Prepayments and accrued income | 2,748 | 3,736
| Deferred taxation | - | 14,743
|  | 88,893 | 138,348
| Amounts owed by group undertakings are unsecured, interest-free and payable on demand.
- 7 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,495 | 8,036
| Amounts owed to group undertakings | 13,646 | 119,929
| Corporation tax | - | 4,868
| Other taxation and social security | 8,422 | -
| Other creditors | 1,776 | 4,169
| Accruals | 93,184 | 50,030
|  | 119,523 | 187,032
| Amounts owed to group undertakings are unsecured, interest-bearing at EURIBOR + 100 basis points (bps) and repayable on demand.
7. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 14,743 | 11,198
| Charged/(credited) to profit or loss | (14,743) | 3,545
| At end of year | - | 14,743
| The deferred tax balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | - | (81)
| Short term timing differences | - | 3,921
| Losses and other deductions | - | 10,903
|  | - | 14,743
- 8 -
|  | 13421853 31 December 2025
ANKORSTORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Called up share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024: 1) ordinary share of £1 | 1 | 1
| The Company has one class of ordinary shares; each share has attached to it full voting, dividend and capital distribution rights.
9. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions payable to the fund at the year-end amounted to £1,776 (2024: £4,169) and are included within other creditors.
10. | Related party transactions
| The Company is a wholly owned subsidiary of Ankorstore SAS and has taken advantage of the exemption from disclosing related party transactions undertaken between wholly owned members of the group that have been concluded under normal market conditions.
11. | Post balance sheet events
The director intends to strike-off the Company during the year ended 31 December 2026. As a result, financial statements have been prepared on a basis other than going concern. There are no other significant events affecting the Company since the year end.
12. | Controlling party
The immediate and ultimate parent undertaking of the Company is Ankorstore SAS, a company incorporated in France. The address of its registered office is 101 rue de Sèvres, 75006 Paris, France. Ankorstore SAS is the parent of the smallest and largest group for which consolidated accounts are prepared, and those consolidated accounts contain the results of the Company. The director does not consider there to be an ultimate controlling party.
13. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 17 July 2026 by Rachel Taylor FCA (Senior statutory auditor) on behalf of UHY Affinia.
- 9 -