REGISTERED NUMBER: 09359067 (England and Wales)

Financial Statements for the Year Ended 28 February 2026

for

FLEUR TELECOM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Gill

N M Barnett

C N Barnett

D J Watson

M R Batty

REGISTERED OFFICE:

Unit 8 Piries Place

Horsham

West Sussex

RH12 1EH

REGISTERED NUMBER:

09359067 (England and Wales)

AUDITORS:

Feist Hedgethorne Limited

Statutory Auditors

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

58,511

100,485

Tangible assets

5

31,022

99,966

89,533

200,451

CURRENT ASSETS

Debtors

6

772,027

689,654

Cash at bank

90,501

97,811

862,528

787,465

CREDITORS

Amounts falling due within one year

7

(436,928

)

(1,049,848

)

NET CURRENT ASSETS/(LIABILITIES)

425,600

(262,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

515,133

(61,932

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

515,033

(62,032

)

SHAREHOLDERS' FUNDS

515,133

(61,932

)

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 7 September 2026 and were signed on its behalf by:

N M Barnett - Director

1.	STATUTORY INFORMATION

Fleur Telecom Limited 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 presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

The principle place of business is Unit 8, Piries Place, Horsham, West Sussex, RH12 1EH.

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and these 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.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of intangible and tangible fixed assets, the amortisation and depreciation of these assets, provisions and the recoverability of debtors, and tax provisions.

Key sources of estimation uncertainty:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are depreciated over the approved depreciation rates. The carrying amount of tangible fixed assets is £31,022 (2025: £99,966) as noted in note 8.

The annual amortisation charge for intangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are amortised over the approved amortisation rates. The carrying amount of intangible fixed assets is £58,511 (2025: £100,485) as noted in note 7.

The current tax provision of £Nil (2025: £86,232) as shown in note 6, relates to management's assessment of the amount of tax payable to HMRC, where the liabilities remain to be agreed with HMRC. Due to the uncertainty with such taxation items, there is a possibility that the final outcome may differ on conclusion of open tax matters at a future date.

Turnover

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue is recognised on a monthly basis for all calls and minutes, with advanced rentals for line and broadband deferred and recognised in the Profit and Loss in the relevant month.

Intangible assets

Customer acquisitions are capitalised at their fair value and are amortised over their useful economic life, which is 36 months.

Included within customer acquisitions are subscriber acquisition costs where they meet the criteria for capitalisation as an intangible asset, to the extent that they are supported by expected future cash inflows. These comprise the direct third-party costs of recruiting and retaining customers, net of incentives from network operators and provision for in-contract churn. They are amortised on a straight-line bases over the shorter of the customer life and the contractual period.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment

-

18 months on cost

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments

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 entity after deducting all of its financial liabilities.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's financial statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension plan for its employees. A defined contribution pension

plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INTANGIBLE FIXED ASSETS

Customer

acquisition

£

COST

At 1 March 2025

2,551,473

Disposals

(1,338,486

)

At 28 February 2026

1,212,987

AMORTISATION

At 1 March 2025

2,450,988

Amortisation for year

41,974

Elimin on disposal

(1,338,486

)

At 28 February 2026

1,154,476

NET BOOK VALUE

At 28 February 2026

58,511

At 28 February 2025

100,485

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2025

368,464

Additions

45,194

At 28 February 2026

413,658

DEPRECIATION

At 1 March 2025

268,498

Charge for year

114,138

At 28 February 2026

382,636

NET BOOK VALUE

At 28 February 2026

31,022

At 28 February 2025

99,966

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

99,584

164,022

Amounts owed by group undertakings

326,832

193,229

Other debtors

345,611

332,403

772,027

689,654

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

59,300

134,348

Amounts owed to group undertakings

-

100,826

Taxation and social security

225,468

635,948

Other creditors

152,160

178,726

436,928

1,049,848

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

All ordinary shares rank equally with regard to the residual assets of the business.

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

10.	RELATED PARTY DISCLOSURES

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.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is TalkTalk Holdings Limited.

Fleur Telecom Limited is a subsidiary of Telecom Acquisitions Limited. The smallest and largest group into which the results of the company are consolidated is that headed by TalkTalk Telecom Group Limited.

Copies of its consolidated financial statements can be obtained from the company's board of directors at TalkTalk Telecom Group Limited, Soapworks, Ordsall Lane, United Kingdom M5 3TT.

12.	EQUITY RESERVE

Share capital - This represents the nominal value of shares that have been issued.

Retained earnings - Includes all current and prior period retained profits and losses.