REGISTERED NUMBER: 09184542 (England and Wales)

Audited Financial Statements

for the Year Ended 30 November 2025

for

888 Vapour Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L M Chapman

Mrs J R Chapman

REGISTERED OFFICE:

Pyke Road

Lincoln

LN6 3QS

REGISTERED NUMBER:

09184542 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

271,180

215,917

Investments

5

1,410,004

-

1,681,184

215,917

CURRENT ASSETS

Stocks

363,835

453,642

Debtors

6

351,682

146,248

Cash at bank and in hand

161,044

209,133

876,561

809,023

CREDITORS

Amounts falling due within one year

7

1,129,569

356,825

NET CURRENT (LIABILITIES)/ASSETS

(253,008

)

452,198

TOTAL ASSETS LESS CURRENT LIABILITIES

1,428,176

668,115

CREDITORS

Amounts falling due after more than one year

8

(916,956

)

(120,991

)

PROVISIONS FOR LIABILITIES

(24,358

)

(29,804

)

NET ASSETS

486,862

517,320

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

486,861

517,319

SHAREHOLDERS' FUNDS

486,862

517,320

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

Mrs J R Chapman - Director

1.	STATUTORY INFORMATION

888 Vapour Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about 888 Vapour Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost, 25% straight line and 10% on cost

Motor vehicles

-

25% straight line

Licences

-

33% on cost, 12.5% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Rental paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Licences

Totals

£

£

£

£

COST

At 1 December 2024

169,701

129,453

72,632

371,786

Additions

122,709

-

17,741

140,450

At 30 November 2025

292,410

129,453

90,373

512,236

DEPRECIATION

At 1 December 2024

101,512

18,879

35,478

155,869

Charge for year

37,922

28,767

18,498

85,187

At 30 November 2025

139,434

47,646

53,976

241,056

NET BOOK VALUE

At 30 November 2025

152,976

81,807

36,397

271,180

At 30 November 2024

68,189

110,574

37,154

215,917

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1,410,004

At 30 November 2025

1,410,004

NET BOOK VALUE

At 30 November 2025

1,410,004

The company's fixed asset investments comprise a 100% shareholding in OTV Holdings Ltd (Company Number 16378703), a company incorporated in England and Wales. The investment was acquired on 30 September 2025 for the consideration of £1,410,004 and is held at cost less any impairment deemed necessary by the directors.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

240,920

34,157

Amounts owed by group undertakings

314

-

Other debtors

73,573

94,091

314,807

128,248

Amounts falling due after more than one year:

Other debtors

36,875

18,000

Aggregate amounts

351,682

146,248

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

175,000

10,000

Hire purchase contracts (see note 9)

15,146

15,146

Trade creditors

411,282

120,032

Amounts owed to group undertakings

84,060

-

Taxation and social security

163,676

199,268

Other creditors

280,405

12,379

1,129,569

356,825

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

819,445

8,334

Hire purchase contracts (see note 9)

97,511

112,657

916,956

120,991

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

152,778

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

15,146

15,146

Between one and five years

97,511

112,657

112,657

127,803

Non-cancellable

operating leases

2025

2024

£

£

Within one year

149,033

165,533

Between one and five years

272,742

355,442

In more than five years

465,000

501,000

886,775

1,021,975

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

994,445

18,334

Hire purchase contracts

112,657

127,803

1,107,102

146,137

Bank loan security is described in Note 14 to the financial statements.

Obligations under hire purchase contracts are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£0.01

1

1

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA James Sewell BA (Hons) FCA CTA

Wright Vigar Limited Wright Vigar Limited

13.	CONTINGENT LIABILITIES

Group borrowings have been secured by way of a fixed and floating charge against current and future assets of the company.

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is TCF Group Limited and its registered office is Pyke Road, Lincoln, LN6 3RS. Consolidated financial statements for the ultimate parent company are filed with the registrar of companies and may be obtained therefrom.