ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

18 month period to 31 December 2025

Registered number: 09820561

THE WRIGHT BUY HOLDINGS LIMITED

CONSOLIDATED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

THE WRIGHT BUY HOLDINGS LIMITED

COMPANY INFORMATION

Director	A Wright


Company secretary	A Wright


Registered number	09820561


Registered office	7 Meadow Business Park
	Piperell Way
	Haverhill
	Suffolk
	CB9 8QX


Independent auditors	Haslers Assurance LLP
	Chartered Accountants & Statutory Auditor
	Old Station Road
	Loughton
	Essex
	IG10 4PL

THE WRIGHT BUY HOLDINGS LIMITED

CONTENTS

	Page
Group Strategic Report	1 - 2
Director's Report	3
Director's Responsibilities Statement	4
Independent Auditors' Report	5 - 8
Consolidated Statement of Comprehensive Income	9
Consolidated Balance Sheet	10 - 11
Company Balance Sheet	12 - 13
Consolidated Statement of Changes in Equity	14
Company Statement of Changes in Equity	15
Consolidated Statement of Cash Flows	16 - 17
Notes to the Financial Statements	18 - 44

THE WRIGHT BUY HOLDINGS LIMITED

GROUP STRATEGIC REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

Introduction

This is a balance and comprehensive review of the performance of our business during the period and its position at the year end consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face.

Business review

The Wright Buy Holdings Limited

The Group continued to strengthen both its property portfolio and strategic investments while supporting the continued growth of its trading subsidiary, The Wright Buy Ltd.

For the 18 month period, Group turnover increased to £39.06 million, with operating profit of £2.52 million, profit before taxation of £2.19 million and net assets of £10.92 million, reflecting continued investment in both property and trading operations.

During the period, the Group completed the acquisition of the freehold at 249 Chelmsford Road, Shenfield. Following an extensive refurbishment, the property became the new headquarters, showroom and office for The Wright Buy Ltd. The site also offers significant long-term residential or mixed-use development potential.

Redevelopment of 2–4 Piperell Way, Haverhill was completed, creating Meadow Business Park. The estate provides long-term investment income, with units occupied by The Wright Buy Ltd and other commercial tenants on long-term leases.

At 4 Hollands Road, Haverhill, refurbishment works were completed and the commercial space is now fully occupied. Planning has been submitted for an 80+ container drive-up self-storage development, targeted to become operational during 2026 and provide a stable recurring income stream.

The Group also acquired the Iceking brand rights and intellectual property during the period, strengthening its long-term asset base and supporting the continued expansion of The Wright Buy Ltd into the trade appliance sector.

The Directors continue to assess further commercial property acquisitions and are actively pursuing an additional large industrial unit during 2026 to support future growth.

Principal risks and uncertainties

The principal risks facing the Group include commercial property market conditions, planning and development risk, interest rates, construction costs, tenant demand and wider economic conditions. The Directors monitor these risks regularly and implement appropriate mitigation strategies.

Financial key performance indicators

Key performance indicators, as set out in the Statement of Comprehensive income, are:

• Group Turnover
• Operating Profit and EBITDA
• Net Asset Value
• Stock levels and availability

Page 1

THE WRIGHT BUY HOLDINGS LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

Other key performance indicators

Other key performance indicators are:

• Property Occupancy
• Rental Income
• Development project progress
• Customer Satisfaction and product reliability
• Online performance and conversion rates
• Next-day delivery performance

The Group continues to monitor:

• Percentage of orders arriving the following day after purchase.
• Customer satisfaction by solving customer enquiries.
• Product performance according to after sales fault rates.
• Customer product reviews - number of star ratings given by purchasers.
• On-line site traffic and conversion rates for all e-commerce sites.
• Out of stocks - aim to minimise by robust demand planning.

The Group continues to make good progress in each of these indicators.

Future Outlook

The Director remains confident in the Group's long-term prospects. The completion of Meadow Business Park, occupation of the new Essex headquarters, the planned self-storage development and the acquisition of the Iceking intellectual property have further strengthened the Group's asset base. The Board will continue to invest in high-quality commercial property and strategic assets to support sustainable long-term growth.

This report was approved by the board on 24 July 2026 and signed on its behalf.

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

A Wright

Director

Page 2

THE WRIGHT BUY HOLDINGS LIMITED

DIRECTOR'S REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

The director presents his report and the financial statements for the period ended 31 December 2025.

Principal activity

The principal activity of the company continued to be that of a holding company.

Director

The director who served during the period was:

A Wright

Results and dividends

The profit for the period, after taxation, amounted to £1,632,277 (2024 - £799,849).

The directors recommended the payment of a dividend of £1,132,000 (2024 - £610,000).

Future developments

The group feels that it is well placed to increase turnover & profitability.

Disclosure of information to auditors

The director at the time when this Director's Report is approved has confirmed that:

∙so far as he is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditors

The auditors, Haslers Assurance LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 24 July 2026 and signed on its behalf.

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

A Wright

Director

Page 3

THE WRIGHT BUY HOLDINGS LIMITED

DIRECTOR'S RESPONSIBILITIES STATEMENT

FOR THE PERIOD ENDED 31 DECEMBER 2025

The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

THE WRIGHT BUY HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WRIGHT BUY HOLDINGS LIMITED

Opinion

We have audited the financial statements of The Wright Buy Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the period ended 31 December 18 month period to 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the parent Company's affairs as at 31 December 18 month period to 31 December 2025 and of the Group's profit for the period then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Page 5

THE WRIGHT BUY HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WRIGHT BUY HOLDINGS LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group Strategic Report and the Director's Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 6

THE WRIGHT BUY HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WRIGHT BUY HOLDINGS LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Director's Responsibilities Statement set out on page 4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the legal and regulatory frameworks that are applicable to the entity we have considered those that have a direct and indirect material impact on the financial statements and operations of the company. These include but are not limited to the Companies Act 2006, GDPR, employment and Health & Safety legislation and tax legislation.

We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries of management. We corroborated our inquiries through our review of documentation generated and assessing the extent of compliance with the relevant laws and regulations.

We discussed among the audit engagement team regarding the opportunities and incentives, including management override of controls, that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

As a result of performing the above, we identified the greatest potential for material misstatements due to fraud are in the following areas, and our specific procedures performed to address these are described below:

The risk of management override of controls is the area where the financial statements were most susceptible to material misstatement due to fraud. In addition, the key principal risks related to the existence of inappropriate journal entries to impact the profit for the year and management bias in accounting estimates.

Procedures performed to address these were as follows:

• Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud, including known or suspected instances of non-compliance with laws and regulations, and fraud,

• Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process,

Page 7

THE WRIGHT BUY HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WRIGHT BUY HOLDINGS LIMITED (CONTINUED)

• Challenging assumptions and judgements made by management in its significant accounting estimates; and

• Identifying and testing journal entries, in particular any unusual journal entries posted around the year-end and journal entries posted by infrequent system users.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Matthew Wells ACA (Senior Statutory Auditor)

for and on behalf of

Haslers Assurance LLP

Chartered Accountants

Statutory Auditor

Old Station Road

Loughton

Essex

IG10 4PL

27 July 2026

Page 8

THE WRIGHT BUY HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DECEMBER 2025

	18 month period to 31 December 2025	2024
Note	£	£


Turnover	4	39,064,124	21,711,799
Cost of sales		(22,904,229)	(12,979,717)
Gross profit		16,159,895	8,732,082
Distribution costs		(7,279,036)	(4,246,708)
Administrative expenses		(6,363,301)	(3,245,778)
Operating profit	5	2,517,558	1,239,596
Interest receivable and similar income	9	2	4,980
Interest payable and similar expenses	10	(329,819)	(158,206)
Profit before taxation		2,187,741	1,086,370
Tax on profit	11	(555,464)	(286,521)
Profit for the financial period		1,632,277	799,849

Profit for the period attributable to:
Owners of the parent Company		1,632,277	799,849

There were no recognised gains and losses for 18 month period to 31 December 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

The notes on pages 18 to 44 form part of these financial statements.

Page 9

THE WRIGHT BUY HOLDINGS LIMITED

REGISTERED NUMBER: 09820561

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2025

	31 December	30 June
	2025	2024
Note	£	£

Fixed assets
Intangible assets	14		249,200		-
Tangible assets	15		10,836,166		6,865,570
Investments	16		265,838		227,338
Investment property	17		706,698		706,698
			12,057,902		7,799,606
Current assets
Stocks	18	8,924,509		10,552,832
Debtors: amounts falling due within one year	19	886,534		2,305,459
Cash at bank and in hand	20	889,908		1,017,045
		10,700,951		13,875,336
Creditors: amounts falling due within one year	21	(9,309,133)		(8,333,987)
Net current assets			1,391,818		5,541,349
Total assets less current liabilities			13,449,720		13,340,955
Creditors: amounts falling due after more than one year	22		(1,931,884)		(2,473,078)
Provisions for liabilities
Deferred taxation	26	(449,888)		(317,199)
Other provisions	27	(147,004)		(129,711)
			(596,892)		(446,910)
Net assets			10,920,944		10,420,967

Capital and reserves
Called up share capital	28	1,000,000	1,000,000
Revaluation reserve	29	1,003,715	1,084,859
Profit and loss account	29	8,917,229	8,336,108
Equity attributable to owners of the Company		10,920,944	10,420,967
		10,920,944	10,420,967

Page 10

THE WRIGHT BUY HOLDINGS LIMITED

REGISTERED NUMBER: 09820561

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2026.

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

A Wright

Director

The notes on pages 18 to 44 form part of these financial statements.

Page 11

THE WRIGHT BUY HOLDINGS LIMITED

REGISTERED NUMBER: 09820561

COMPANY BALANCE SHEET

AS AT 31 DECEMBER 2025

	31 December	30 June
	2025	2024
Note	£	£

Fixed assets
Intangible assets	14		196,667		-
Tangible assets	15		10,375,470		6,496,459
Investments	16		1,000,000		1,000,000
Investment Property	17		706,698		706,698
			12,278,835		8,203,157
Current assets
Debtors: amounts falling due within one year	19	144,522		171,899
Cash at bank and in hand	20	27,604		19,487
		172,126		191,386
Creditors: amounts falling due within one year	21	(5,869,556)		(3,605,949)
Net current liabilities			(5,697,430)		(3,414,563)
Total assets less current liabilities			6,581,405		4,788,594

Creditors: amounts falling due after more than one year	22		(1,906,439)		(2,422,296)
Provisions for liabilities
Deferred taxation	26	(336,471)		(233,809)
			(336,471)		(233,809)
Net assets			4,338,495		2,132,489

Capital and reserves
Called up share capital	28		1,000,000		1,000,000
Revaluation reserve	29		1,003,715		1,084,859
Profit and loss account brought forward		47,630		129,846
Profit for the period		3,338,306		527,784
Dividends		(1,051,156)		(610,000)
Profit and loss account carried forward			2,334,780		47,630
			4,338,495		2,132,489

Page 12

THE WRIGHT BUY HOLDINGS LIMITED

REGISTERED NUMBER: 09820561

COMPANY BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2026.

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

A Wright

Director

The notes on pages 18 to 44 form part of these financial statements.

Page 13


		THE WRIGHT BUY HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Equity attributable to owners of parent Company	Total equity
	£	£	£	£	£
At 1 July 2023	1,000,000	1,084,859	8,146,259	10,231,118	10,231,118
Comprehensive income for the year
Profit for the year	-	-	799,849	799,849	799,849
Dividends: Equity capital	-	-	(610,000)	(610,000)	(610,000)

At 1 July 2024	1,000,000	1,084,859	8,336,108	10,420,967	10,420,967
Comprehensive income for the period
Profit for the period	-	-	1,632,277	1,632,277	1,632,277
Dividends: Equity capital	-	-	(1,132,300)	(1,132,300)	(1,132,300)
Transfer to/from profit and loss account	-	(81,144)	81,144	-	-
At 31 December 2025	1,000,000	1,003,715	8,917,229	10,920,944	10,920,944

Page 14


		THE WRIGHT BUY HOLDINGS LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 July 2023	1,000,000	1,084,859	129,846	2,214,705
Comprehensive income for the year
Profit for the year	-	-	527,784	527,784
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(610,000)	(610,000)

At 1 July 2024	1,000,000	1,084,859	47,630	2,132,489
Comprehensive income for the year
Profit for the period	-	-	3,338,306	3,338,306
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(1,132,300)	(1,132,300)
Transfer to/from profit and loss account	-	(81,144)	81,144	-
At 31 December 2025	1,000,000	1,003,715	2,334,780	4,338,495

Page 15

THE WRIGHT BUY HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 DECEMBER 2025


			18 month period to 31 December 2025	30 June 2024
			£	£

Cash flows from operating activities
Profit for the financial period	1,632,277	799,849
Adjustments for:
Amortisation of intangible assets	3,333	-
Depreciation of tangible assets	398,770	184,183
Loss on disposal of tangible assets	(745)	-
Interest paid	329,819	158,206
Interest received	(2)	-
Taxation charge	449,502	286,522
Decrease/(increase) in stocks	1,628,325	(885,316)
Decrease/(increase) in debtors	1,418,927	(1,620,996)
(Decrease)/increase in creditors	(1,836,446)	2,712,178
Increase in provisions	17,293	8,582
Corporation tax (paid)	(409,587)	(350,068)
Net cash generated from operating activities	3,631,466	1,293,140

Cash flows from investing activities
Purchase of intangible fixed assets	(252,533)	-
Purchase of tangible fixed assets	(4,454,942)	(1,878,928)
Sale of tangible fixed assets	33,790	-
Purchase of unlisted and other investments	(38,500)	(115,524)
Interest received	2	-
HP interest paid	-	(529)
Net cash from investing activities	(4,712,183)	(1,994,981)

Page 16

THE WRIGHT BUY HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

		31 December	30 June
		2025	2024
		£	£


Cash flows from financing activities
New secured loans	2,800,000	1,500,000
Repayment of loans	(347,795)	(184,925)
Other new loans	-	30,163
Repayment of/new finance leases	(24,375)	33,216
Dividends paid	(1,132,300)	(610,000)
Interest paid	(329,819)	(157,677)
HP interest paid	(12,131)	(2,291)
Net cash used in financing activities	953,580	608,486
Net (decrease) in cash and cash equivalents	(127,137)	(93,355)
Cash and cash equivalents at beginning of period	1,017,045	1,110,400
Cash and cash equivalents at the end of period	889,908	1,017,045

Cash and cash equivalents at the end of period comprise:
Cash at bank and in hand	889,908	1,017,045
	889,908	1,017,045

The notes on pages 18 to 44 form part of these financial statements.

Page 17

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

The Wright Buy Holdings Limited is a private company, limited by shares incorporated in England and Wales, United Kingdom, with a registered number 09820561. The address of the registered office is 7 Meadow Business Park, Piperell Way, Haverhill, Suffolk, England, CB9 8QX. The principal activity of the company continued to be that of a holding company and property investment.

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 Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The company's financial statements are rounded to the nearest Pound.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 July 2016.

Page 18

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

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.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Group 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. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Group 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.

The principal activity of The Wright Buy Limited is a retailer of white goods. Turnover is recognised on the despatch of goods.

The principal activity of The Wright Buy Holdings Limited is a holding company. Turnover relates to rental income received and is recognised in the period to which it relates.

Page 19

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

Page 20

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 corporation 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 and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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 balance sheet date.

2.10

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.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, 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 21

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2%	straight line
Long-term leasehold property	-	10%	straight line
Plant and machinery	-	25%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	25%	reducing balance
Computer equipment	-	25%	reducing balance
Other fixed assets	-	25%	reducing balance

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.

2.12

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.13

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 22

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.15

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 weighted average 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.

2.16

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.17

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.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.18

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.

2.19

Provisions for liabilities

Provisions are made where an event has taken place that gives the Group a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 23

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.20

Financial instruments

Financial instruments are recognised in the Group's Balance Sheet when the Group becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.

2.21

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 24

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

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

In applying the Company's accounting policies, the director is required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Details of the company's significant accounting judgements and critical accounting estimates include:

Tangible fixed assets

Each year the company reviews the estimated useful lives and residual values of tangibles fixed assets and these are adjusted if appropriate. The depreciation rates are calculated accordingly to the useful economic life that management believe to be appropriate based on the bature of the asset in operation.

Valuation of investments

Management have assessed the need to write off or provide against any specific investments based on the levels of performance of the respective entity. Management have based the decision to provide for any investments based on their judgement of all the available information and their experience of the entity in question.

Impairment of stock

Management have assessed the need to write off or provide against any specific items based on the levels held at the year end and the expected sales of such items in the immediate period post year end. Management take into account historic sales data at the date the estimate is made.

Warranty provisions

Management have assessed the need to provide for any costs which will be incurred in the future on behalf of the warranties offered to its customers. Management have based the decision on their judgement of all available information and their experience of the specific nature of the warranty costs incurred.

Page 25

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Sale of goods	38,912,332	21,608,572
Rental Income	151,792	103,226

All turnover arose within the United Kingdom.

Exchange differences

(648,830)

(391,708)

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements	19,700	18,400
Tax compliance	1,555	1,500
Personal tax compliance	-	635

Page 26

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

7.	Employees
	Staff costs, including director's remuneration, were as follows:

Group	Group 30 June	Company	Company 30 June
18 month period to 31 December 2025	2024	18 month period to 31 December 2025	2024
£	£	£	£


Wages and salaries	1,089,406	672,693	-	-
Social security costs	103,419	63,099	-	-
Cost of defined contribution scheme	49,615	62,222	-	-
	1,242,440	798,014	-	-

The average monthly number of employees, including the director, during the period was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Employees	20	20	1	1

8.	Director's remuneration
		18 month period to 31 December 2025	2024
		£	£

Director's emoluments	7,500	7,500
Group contributions to defined contribution pension schemes	-	10,000
	7,500	17,500

During the period retirement benefits were accruing to 1 director (2024 - NIL) in respect of defined contribution pension schemes.

Page 27

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

9.	Interest receivable
		18 month period to 31 December 2025	2024
		£	£

Other interest receivable

4,980

10.	Interest payable and similar expenses
		18 month period to 31 December 2025	2024
		£	£

Bank interest payable	300,595	152,986
Other loan interest payable	29,224	4,691
Finance leases and hire purchase contracts	-	529
	329,819	158,206

Corporation tax
Current tax on profits for the year	422,776	286,468

Total current tax	422,776	286,468

Deferred tax
Origination and reversal of timing differences	132,688	53
Total deferred tax	132,688	53


		555,464	286,521

Page 28

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

11.Taxation (continued)

Profit on ordinary activities before tax

2,187,741

1,086,370

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	546,935	271,593
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	7,406	15,612
Capital allowances for period/year in excess of depreciation	(131,369)	(1,319)
Increase or decrease in pension fund prepayment leading to an increase (decrease) in tax	(196)	909
Other timing differences leading to an increase (decrease) in taxation	-	(327)
Deferred tax	132,688	53
Total tax charge for the period/year	555,464	286,521

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Dividends

1,132,300

610,000

Page 29

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

13.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent Company for the period/year was £3,338,306 (2024 - £527,784).

	Trademarks	Computer software	Total
	£	£	£
Cost
Additions	200,000	-	200,000
Asset reclassification	-	52,533	52,533
At 31 December 18 month period to 31 December 2025	200,000	52,533	252,533
Amortisation
Charge for the period on owned assets	3,333	-	3,333
At 31 December 18 month period to 31 December 2025	3,333	-	3,333
Net book value
At 31 December 18 month period to 31 December 2025	196,667	52,533	249,200
At 30 June 2024	-	-	-

Page 30

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

14.Intangible assets (continued)

	Company

		Trademarks
		£
	Cost
	Additions	200,000
	At 31 December 18 month period to 31 December 2025	200,000
	Amortisation
	Charge for the year	3,333
	At 31 December 18 month period to 31 December 2025	3,333
	Net book value
	At 31 December 18 month period to 31 December 2025	196,667
	At 30 June 2024	-

Page 31


		THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025

	15.	Tangible fixed assets
		Group

	Freehold property	Long-term leasehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£	£
Cost
At 1 July 2024	6,579,169	79,473	444,357	99,457	247,810	7,450,266
Additions	4,174,495	32,280	-	43,975	204,193	4,454,943
Disposals	(23,524)	-	(14,170)	(28,270)	-	(65,964)
Transfers between classes	-	-	-	-	(52,533)	(52,533)
At 31 December 18 month period to 31 December 2025	10,730,140	111,753	430,187	115,162	399,470	11,786,712
Depreciation
At 1 July 2024	103,514	38,156	238,201	64,504	140,321	584,696
Charge for the period on owned assets	259,497	5,950	15,876	9,732	40,422	331,477
Charge for the period on financed assets	-	-	55,375	11,917	-	67,292
Disposals	(745)	-	(11,800)	(20,374)	-	(32,919)
At 31 December 18 month period to 31 December 2025	362,266	44,106	297,652	65,779	180,743	950,546
Net book value

Page 32


		THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025

15.Tangible fixed assets (continued)

	At 31 December 18 month period to 31 December 2025	10,367,874	67,647	132,535	49,383	218,727	10,836,166
	At 30 June 2024	6,475,655	41,317	206,156	34,953	107,489	6,865,570

Freehold	10,367,874	6,475,655
Long-term leasehold	67,647	41,317
	10,435,521	6,516,972

Page 33

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Company

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 July 2024	6,579,169	132,076	6,711,245
Additions	4,174,495	-	4,174,495
Disposals	(23,524)	-	(23,524)
At 31 December 18 month period to 31 December 2025	10,730,140	132,076	10,862,216
Depreciation
At 1 July 2024	103,514	111,272	214,786
Charge for the period on owned assets	259,497	13,208	272,705
Disposals	(745)	-	(745)
At 31 December 18 month period to 31 December 2025	362,266	124,480	486,746
Net book value
At 31 December 18 month period to 31 December 2025	10,367,874	7,596	10,375,470
At 30 June 2024	6,475,655	20,804	6,496,459

	Freehold	10,367,874	6,475,655

Page 34

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

15.Tangible fixed assets (continued)


Plant and machinery	68,105	80,438
Motor vehicles	32,058	14,255
	100,163	94,693

Page 35

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

16.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost
	At 1 July 2024	1,000,000
	At 31 December 18 month period to 31 December 2025	1,000,000

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

The Wright Buy Limited

7 Meadow Business Park, Piperell Way, Haverhill, Suffolk, CB9 8QX

Ordinary

100%

Page 36

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

17.	Investment property
	Group

		Freehold investment property
		£
	Valuation
	At 1 July 2024	706,698
	At 31 December 18 month period to 31 December 2025	706,698

The 2025 valuations were made by the director, on an open market value for existing use basis.

Historic cost

706,698

	Company

		Freehold investment property
		£
	Valuation
	At 1 July 2024	706,698
	At 31 December 18 month period to 31 December 2025	706,698

The 2025 valuations were made by the director, on an open market value for existing use basis.

Page 37

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

18.	Stocks
		Group 31 December	Group 30 June
		2025	2024
		£	£

Finished goods	6,497,754	8,008,030
Stock in transit	2,426,755	2,544,802
	8,924,509	10,552,832

19.

Debtors

Group 31 December	Group 30 June	Company 31 December	Company 30 June
2025	2024	2025	2024
£	£	£	£


Trade debtors	634,262	275,309	8,589	108,627
Other debtors	155,932	1,954,392	135,933	63,272
Prepayments and accrued income	96,340	75,758	-	-
	886,534	2,305,459	144,522	171,899

20.	Cash and cash equivalents
		Group 31 December	Group 30 June	Company 31 December	Company 30 June
		2025	2024	2025	2024
		£	£	£	£

	Cash at bank and in hand	889,908	1,017,045	27,604	19,487

Page 38

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

21.	Creditors: Amounts falling due within one year
		Group 31 December	Group 30 June	Company 31 December	Company 30 June
		2025	2024	2025	2024
		£	£	£	£

Bank loans	3,345,068	545,068	3,345,068	545,068
Other loans	2,735,344	50,650	-	-
Trade creditors	2,100,410	2,345,761	48,619	8,693
Amounts owed to group undertakings	-	-	2,413,845	3,018,214
Corporation tax	146,471	135,573	-	-
Other taxation and social security	680,934	484,324	-	-
Obligations under finance lease and hire purchase contracts	40,774	39,811	-	-
Other creditors	169,666	4,488,537	30,670	4,800
Accruals and deferred income	90,466	244,263	31,354	29,174
	9,309,133	8,333,987	5,869,556	3,605,949

All bank loans and overdafts of the Group are secured by a fixed charge over the property, plant and
equipment, share capital and stock. There is also a floating charge over any current or future assets the
business owns which is not covered by the fixed charge.

All obligations under finance lease and hire purchase contracts are secured against the asset to which
they relate.

22.	Creditors: Amounts falling due after more than one year
		Group 31 December	Group 30 June	Company 31 December	Company 30 June
		2025	2024	2025	2024
		£	£	£	£

Bank loans	1,906,439	2,422,296	1,906,439	2,422,296
Net obligations under finance leases and hire purchase contracts	25,445	50,782	-	-
	1,931,884	2,473,078	1,906,439	2,422,296

Page 39

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

23.	Loans
	Analysis of the maturity of loans is given below:
		Group 31 December	Group 30 June	Company 31 December	Company 30 June
		2025	2024	2025	2024
		£	£	£	£

Amounts falling due within one year
Bank loans	3,345,068	545,068	3,345,068	545,068
Other loans	2,735,344	50,650	-	-
	6,080,412	595,718	3,345,068	545,068
Amounts falling due 1-2 years
Bank loans	1,001,546	1,075,438	1,001,546	1,075,438
Amounts falling due 2-5 years
Bank loans	904,893	1,346,858	904,893	1,346,858

	7,986,851	3,018,014	5,251,507	2,967,364

24.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group 31 December	Group 30 June
		2025	2024
		£	£

Within one year	40,774	39,811
Between 1-5 years	25,445	50,872
	66,219	90,683

Page 40

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

25.	Financial instruments
		Group 31 December	Group 30 June	Company 31 December	Company 30 June
		2025	2024	2025	2024
		£	£	£	£

Financial assets
Financial assets measured at fair value through profit or loss	889,908	1,017,045	27,604	19,487
Financial assets that are debt instruments measured at amortised cost	886,532	2,305,459	144,519	171,898
	1,776,440	3,322,504	172,123	191,385

	Financial liabilities
	Financial liabilities measured at amortised cost	(10,347,393)	(10,096,576)	(8,294,852)	(6,028,245)

	Financial assets measured at fair value through profit or loss comprise cash and cash equivilents.
	Financial assets that are debt instruments measured at amortised cost comprise trade debtors, amounts owed by group undertakings, others debtors and accrued income.
	Financial liabilities measured at amortised cost comprise other loans, trade creditors, other creditors, amounts owed to group undertakings, accruals and deferred income.

Page 41

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

26.	Deferred taxation
	Group

		31 December 2025
		£

	At beginning of year	(317,199)
	Charged to profit or loss	(132,689)
	At end of year	(449,888)

Company

		31 December 2025
		£

	At beginning of year	(233,809)
	Charged to profit or loss	(102,662)
	At end of year	(336,471)

Group 31 December	Group 30 June	Company 31 December	Company 30 June
2025	2024	2025	2024
£	£	£	£

Accelerated capital allowances	(114,071)	(87,150)	(1,899)	(5,201)
Pension surplus	(1,245)	(1,441)	-	-
Revaluation of freehold property	(334,572)	(228,608)	(334,572)	(228,608)
	(449,888)	(317,199)	(336,471)	(233,809)

Page 42

THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

27.	Provisions
	Group

		Warranty provision
		£

	At 1 July 2024	129,711
	Charged to profit or loss	17,293
	At 31 December 18 month period to 31 December 2025	147,004

Allotted, called up and fully paid

1,000,000 (2024 - 1,000,000) Ordinary shares of £1.00 each	1,000,000	1,000,000

29.

Reserves

Revaluation reserve

The revaluation reserve represents the cumulative amount the freehold property has been revalued by net of deferred tax and other adjustments.

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

30.	Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £49,615 (2024 - £62,222). Contributions totalling £4,981 (2024 - £5,765) were payable to the fund at the balance sheet date and are included in creditors

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THE WRIGHT BUY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

31.

Related party transactions

The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned Group Companies.

At the balance sheet date, the Group owed A Wright £17.96 (2024: £204,135 due from A Wright to the Group).

During the year the company made a loan of £NIL (2024 - £40,000) to W Wright, a closely related individual to a director. The loan is considered to be repayable on demand.

During the year the company had a net payable balance due to related pary of £700,000 (prior year: net recievable balance of £1,600,000) from J A Property Lets Limited, a company in which A Wright is a director.

32.	Controlling party

The ultimate controlling party is A Wright by virtue of his shareholding.

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