Silverfin false 30 July 2026 30 July 2026 Hazel Neilson Tawse & Partners 33,060 12,910 false true 31/12/2024 01/01/2024 31/12/2024 Jasper Bosschieter 11/11/2022 30 July 2026 The principal activity of the Company during the financial year was the supply of gift cards to UK customers. 14477867 2024-12-31 14477867 bus:Director1 2024-12-31 14477867 core:CurrentFinancialInstruments 2024-12-31 14477867 core:CurrentFinancialInstruments 2023-12-31 14477867 2023-12-31 14477867 core:ShareCapital 2024-12-31 14477867 core:ShareCapital 2023-12-31 14477867 core:RetainedEarningsAccumulatedLosses 2024-12-31 14477867 core:RetainedEarningsAccumulatedLosses 2023-12-31 14477867 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 14477867 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 14477867 bus:OrdinaryShareClass1 2024-12-31 14477867 2024-01-01 2024-12-31 14477867 bus:FilletedAccounts 2024-01-01 2024-12-31 14477867 bus:SmallEntities 2024-01-01 2024-12-31 14477867 bus:Audited 2024-01-01 2024-12-31 14477867 2023-01-01 2023-12-31 14477867 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14477867 bus:Director1 2024-01-01 2024-12-31 14477867 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14477867 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 14477867 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14477867 (England and Wales)

# GIFTCARDS GROUP LIMITED

### FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

GIFTCARDS GROUP LIMITED

## FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

GIFTCARDS GROUP LIMITED

## BALANCE SHEET

AS AT 31 DECEMBER 2024
GIFTCARDS GROUP LIMITED

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 2,348 |  | 100
Cash at bank and in hand |  | 878,790 |  | 974,111
|  | 881,138 |  | 974,211
Creditors: amounts falling due within one year | 4 | ( 835,068) |  | ( 961,201)
Net current assets |  | 46,070 |  | 13,010
Total assets less current liabilities |  | 46,070 |  | 13,010
Net assets |  | 46,070 |  | 13,010
Capital and reserves |  |  |  |
Called-up share capital | 5 | 100 |  | 100
Profit and loss account |  | 45,970 |  | 12,910
Total shareholder's funds |  | 46,070 |  | 13,010

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Giftcards Group Limited (registered number: 14477867) were approved and authorised for issue by the Director on 30 July 2026. They were signed on its behalf by:

Jasper Bosschieter Director |

GIFTCARDS GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
GIFTCARDS GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

##### 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 year, unless otherwise stated.

##### General information and basis of accounting

Giftcards Group 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 The Engine Room, 18 The Power Station, London, SW11 8BZ, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

##### Reporting period length

The financial statements for the prior period covered the period from incorporation on 11 November 2022 to 31 December 2023. The comparative amounts presented in the current year financial statements are therefore not entirely comparable.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover represents amounts receivable for annual management services provided to fellow group companies. Turnover is recognised on an accruals basis.

##### 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.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### 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, including trade and other debtors, cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and amounts due to group undertakings, 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

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by Parent undertakings | 0 |  | 100
VAT recoverable | 2,348 |  | 0
| 2,348 |  | 100

#### 4. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Amounts owed to Group undertakings | 811,145 |  | 949,898
Amounts owed to Parent undertakings | 323 |  | 0
Taxation and social security | 12,170 |  | 4,303
Other creditors | 11,430 |  | 7,000
| 835,068 |  | 961,201

#### 5. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 6. 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.

#### 7. Financial Instruments

The carrying amount of the company's financial instruments are as follows:

| 2024 |  | 2023
| £ |  | £
Carrying amount of financial assets: Debt instruments measured at amortised cost | 878,790 |  | 974,111
Carrying amount of financial liabilities: Measured at amortised cost | 822,898 |  | 956,898

#### 8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Hazel Neilson on behalf of Tawse & Partners.

#### 9. Ultimate controlling party

Parent Company:

Premium Cards Holding BV (Incorporated in Netherlands)
Registered office: 6 Ambachtsweg Oosthuizen Noord-Holland Netherlands 1474HW

In addition to being the parent company, Premium Cards Holding BV is also the ultimate holding Company.