Lindex UK Fashion Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Lindex UK Fashion Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08636407 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have considered financial projections for the company over the foreseeable future and have also reviewed the ongoing committed financial support from the company's parent undertaking and are confident that this will be available for the foreseeable future. After making enquiries, the directors are satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements on the basis that the immediate parent undertaking has agreed to provide adequate funds to enable the company to meet its liabilities as they fall due.

Lindex UK Fashion Ltd is reliant on the support of AB Lindex as the parent company which is committed to the UK market and has demonstrated its support through a letter of support.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

Property, plant and equipment

The company makes provision for depreciation of property, plant and equipment; this provision requires estimates of the useful economic lives and residual values for the underlying assets. These estimates are based on a variety of factors which may be uncertain. The carrying amount at the year end is £1,248,922 (2024 - £1,042,382).

2.4. Turnover

Revenue comprises the sale of fashion clothing and related products during the period, net of value added tax, returns and discounts. Revenue from the sale of fashion clothing and related products is recognised when the significant risks and rewards of ownership of the products have passed to the buyer and the amount of revenue can be measured reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold Improvements	Straight Line - 5 Years
Plant & Machinery	Straight Line - 5 Years
Fixtures & Fittings	Straight Line - 3 Years
Computer Equipment	Straight Line - 3 Years

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Lindex UK Fashion Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

2.10. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and bank current account balances and are subject to an insignificant risk of change in value.

2.11. Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.12. Other Operating Income

Other operating income includes marketing contribution from the company's immediate parent undertaking for its marketing activities in the UK. This is recognised when the company becomes entitled to it under the group Transfer Pricing policy.

2.13. Leases

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are recognised in the Statement of Income and Retained Earnings on a straight line basis over the lease term.

2.14. Inventories

Inventories are stated at the lower of cost and estimated selling price less selling costs. Cost is determined using the first-in, first-out (FIFO) method.

2.15. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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Lindex UK Fashion Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 31 (2024: 20)

4. Tangible Assets

	Plant & Machinery	Leasehold Improvements	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	245,565	1,037,697	-	20,495	1,303,757
Additions	231,487	296,528	989	6,779	535,783

As at 31 December 2025	477,052	1,334,225	989	27,274	1,839,540

Depreciation
As at 1 January 2025	94,730	158,932	-	7,713	261,375
Provided during the period	67,719	255,347	220	5,957	329,243

As at 31 December 2025	162,449	414,279	220	13,670	590,618

Net Book Value
As at 31 December 2025	314,603	919,946	769	13,604	1,248,922

As at 1 January 2025	150,835	878,765	-	12,782	1,042,382

5. Stocks

	2025	2024
	£	£
Finished goods	110,870	98,198

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	473,764	690,316

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	54,397	120,224
Amounts owed to group undertakings	4,343,410	4,479,779
Other creditors	570,485	186,748
Taxation and social security	11,445	6,782

	4,979,737	4,793,533

The amount owed to group undertakings represents an amount owed to the immediate parent undertaking which is unsecured, payable on demand and is interest bearing.

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Lindex UK Fashion Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

The company has one class of share capital which carries no right to fixed income.

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	728,200	209,452
Later than one year and not later than five years	584,560	627,631

	1,312,760	837,083

10. Dividends

No dividends were proposed or paid during the period.

11. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities not to disclose transactions with entities that are wholly owned members of the group.

There were no other related party transactions to disclose.

12. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent undertaking is AB Lindex; the address of its registered office is PO Box 233, S-401 23 Göteborg, Sweden.

The ultimate parent undertaking is Lindex Group plc, incorporated in Finland.

The most senior parent entity producing financial statements available for public use is Lindex Group plc. These financial statements are available from Aleksanterinkatu 52, 00100 Helsinki, Finland.

13. Audit Information

The auditor's report on the accounts of Lindex UK Fashion Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Leanne Humphreys FCCA (Senior Statutory Auditor) for and on behalf of Shaw Gibbs (Audit) Limited , Statutory Auditor.

Shaw Gibbs (Audit) Limited

Salatin House

19 Cedar Road

Sutton

Surrey

SM2 5DA

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,248,922		1,042,382

			1,248,922		1,042,382
CURRENT ASSETS
Stocks	5	110,870		98,198
Debtors	6	473,764		690,316
Cash at bank and in hand		360,450		305,399

		945,084		1,093,913
Creditors: Amounts Falling Due Within One Year	7	(4,979,737 )		(4,793,533 )

NET CURRENT ASSETS (LIABILITIES)			(4,034,653 )		(3,699,620 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,785,731 )		(2,657,238 )

NET LIABILITIES			(2,785,731 )		(2,657,238 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(2,785,732 )		(2,657,239 )

SHAREHOLDERS' FUNDS			(2,785,731)		(2,657,238)