REGISTERED NUMBER: 09707030 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

F&F STORES LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

6

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

R Florea

A L C Florea

SECRETARY:

A L C Florea

REGISTERED OFFICE:

8 Dawson Road

Bletchley

Buckinghamshire

MK1 1LH

REGISTERED NUMBER:

09707030 (England and Wales)

AUDITORS:

MDG Business Associates Audit Limited

Room 73

Wrest House

Silsoe

Bedfordshire

MK45 4HR

The directors present their strategic report for the year ended 31 December 2025.

COMPANY DESCRIPTION AND FUTURE OUTLOOK

F&F Stores Ltd is part of the R&A Retail Hub Co Limited Group of Companies along with the Romanian subsidiaries, F&F Stores Holdings Limited Filiala S.R.L and Get Trend S.R.L. F&F Stores Ltd is an e-commerce company focusing primarily on sales via the Amazon Marketplace across the UK, Europe North America, Middle East and Australia. However, the company also has a strong presence on eBay, Debenhams, Shein, Tik-Tok and their own website www.gettrend.com.

The growth since the company's incorporation in July 2015 has been incredibly strong. The work to date in selecting brand licenses and then developing products has allowed the company to continue this growth, along with developing their own brands, such as City Comfort, Deco Express and Kreative Kraft. As the growth continues, more development has been undertaken in multiple product lines such as children's toys, kitchen utensils and wellness products.

The outlook of the company looks to be very strong with the growth of sales into new territories. The company continues to look at new routes to market through new online platforms.

F&F Stores Ltd continues to upskill its team and improving its financial reporting using analytical tools.

In the foreseeable future, there will be various challenges that F&F Stores Ltd will encounter. This is primarily because of the fall in demand for retail products globally, high inflation and non-current inventory will put pressure on revenue and margins.

REVIEW OF BUSINESS

The company had a very successful trading period considering the fall in global demand for retail, and the continued increases in inflation, resulting in the reduction in both gross profit margins and net profit. The company enjoys positive relationships with both customers and suppliers alike and is looking forward to further growth in the forthcoming year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors continually assess the level of risk that is likely to occur in the running of the company, and for any major activity or business change which occurs, a detailed risk assessment is carried out.

The warehouses are now very well run with preventative maintenance carried out in a planned and controlled manner. The principal risk of the company is that stock levels are maintained at reasonable levels at times of high demand. We add value to our clients due to the high level of service we offer, in all our markets UK, EU, US and Middle East, and the traceability of products. F&F are well placed to continue increasing the efficiency of their day-to-day operations and continue to provide high levels of customer service to clients.

SECTION 172(1) STATEMENT

The directors of F&F Stores Ltd confirm that, during the financial period ended 31 December 2025, they have acted in a way that they consider, in good faith, to promote the success of the company for the benefit of its members as a whole, in accordance with their duties under section 172 of the Companies Act 2006. In doing so, the directors have had regard to the matters set out in section 172(1)(a) to (f).

In particular:

(a) The likely consequences of any decision in the long term

The board regularly considers the long-term impact of its decisions, especially with respect to our digital infrastructure, sustainability of supply chains, and customer trust. Investments in logistics, technology, and data security are aimed at ensuring continued growth and resilience.

(b) The interests of the company's employees

We are committed to creating a positive and supportive environment for our employees.

(c) The need to foster business relationships with suppliers, customers and others

Strong relationships with suppliers and customers are critical to our business. We work closely with suppliers to ensure ethical sourcing and timely delivery. We also maintain clear communication with our customers and regularly gather feedback to improve user experience and satisfaction.

(d) The impact of the company's operations on the community and the environment

We recognise our responsibility to minimise our environmental impact. In the last year, we expanded our use of recyclable packaging and optimised our delivery routes to reduce emissions.

(e) The desirability of maintaining a reputation for high standards of business conduct

Our business is built on trust. We maintain clear policies on data protection, consumer rights, and ethical business practices. Staff undergo regular training on these policies, and we hold ourselves to high standards of transparency and fairness.

(f) The need to act fairly as between members of the company

The board considers all shareholders equally in its decision-making, ensuring transparent communication and providing fair access to information through regular reports and meetings. The directors are mindful that effective engagement with stakeholders is key to fulfilling their duties under section 172 and promoting the long-term success of the company.

STREAMLINED ENERGY AND CARBON REPORTING

The company is committed to reducing its Green House Gasses (GHG) emissions and are working towards achieving the environmental targets set by the Streamlined Energy Carbon Reporting (SECR) framework.

Our approach to reporting is based on the GHG Protocol Corporate Accounting and Reporting Standard. In line with the guidance on SECR we have included the energy and emissions for the buildings we own and operate and also those where we lease facilities and are responsible for energy consumption.

We are virtually net zero on our main UK warehouse and our warehouse in Romania. For our other UK warehouses, the annual usage was 27,057 KWH of Grid Supplied Electricity (scope 2) and 0 KWH of Gaseous and other fuels (scope 1).

Scope 1 and 2 consumption, CO2 emission data and Emission Factor Database used are considered with the 2020 UK Government environmental reporting guidance.

The company continues to implement energy efficiency measures including limiting the number of vehicle journeys by making use of technologies and the promotion of electric non-commercial vehicles for our employees.

The company will continue to identify means to improve energy efficiency and monitor our impact on the environment and the areas in which we work.

NON FINANCIAL KEY PERFORMANCE INDICATORS

In a company this size the directors consider there are collectively other numerous non-financial performance indicators but none individually are key.

FINANCIAL RISK MANAGEMENT

The company had no hedging arrangements at 31 December 2025. The company has exposure to foreign exchange rate movements but constantly reviews this position to ensure that this is managed as much as possible on a timely basis through the trading year. However, with the growth of US business the company now has a natural hedge in USD as most the creditors are denominated in USD.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors are responsible for determining the level of risk acceptable to the company. This is subject to regular review. The company seeks to mitigate its risks through the application of strict limits, controls and a monitoring process at operational level.

CREDIT RISK

Credit risk is the risk that counterparties will not be able to meet their obligations as they fall due. There are regular credit reviews of counterparty limits by the directors.

OPERATIONAL RISK

Operational risk is caused by failures in business process, systems or physical infrastructure that support them that have the potential to result in financial loss of reputational damage. This includes errors, omissions, systems failure, lack of resources, theft of physical assets and deliberate acts such as fraud.

There is a risk that the key IT systems could fail causing a loss of business and reputational damage. This is mitigated by a local and constantly available IT service for support and an efficient back up service and business continuity plan.

The directors maintain strong internal controls to prevent the occurrence of fraud and other potential system failures as noted above.

BUSINESS RISK

There is a risk that the economic demand for the company's services will diminish, resulting in less income. These risks are mitigated by the company having a relatively low-cost base and a diversified customer base across the UK, EU and US

LIQUIDITY RISK

The company ensures that liquidity is maintained by monitoring cash balances daily to ensure it retains flexibility in the management of cash flows.

ON BEHALF OF THE BOARD:

A L C Florea - Director

15 September 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review continued to be that of an online goods retailer.

DIVIDENDS

The profit for the year amounted to £5,871,385 (2024: £8,364,884). Dividends of £550,000 have been paid in the period ended 31st December 2025 (2024: £8,927,599).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

R Florea

A L C Florea

FINANCIAL INSTRUMENTS

The company finances its activities with a combination of cash, bank loans, intercompany loans and operating leases. Other financial assets and liabilities such as trade debtors and trade creditors, arise from the company's operating activities.

Financial instruments give rise to foreign currency, credit price and liquidity risk. In accordance with S414C (11) of the Companies Act 2006, the directors have presented information of financial risk management objectives in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The directors are 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 enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, MDG Business Associates Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A L C Florea - Director

15 September 2026

Opinion

We have audited the financial statements of F&F Stores Ltd (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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 company's affairs as at 31 December 2025 and of its profit for the year 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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

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

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the 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 a Report of the Auditors 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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have assessed that there is a low risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations central to the trading activities of the company. The assessment has been based upon a substantive testing approach to key identified risk areas, principally being revenue recognition and the threat of override controls by local management. No suspected fraud, breach or other non-compliance with underlying laws and regulations has been identified during sample testing undertaken during the audit process and no such issues have been raised by the board of directors or local management prior to making this assessment. A full review of available board minutes, and other supporting third party documentation where available, has been undertaken and no items have come to our attention which require to be reported to the user of the financial statements. The company has strong internal controls and our audit has indicated no instances of managerial override of controls, including through testing of journal entries and other adjustments for appropriateness. No transactions have been identified as being made outside the normal course of business from work we have performed in each key risk area of the audit. The directors and other key local officers are informed management and as such they make regular review to ensure the company is compliant in all instances.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Michael Grange BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of MDG Business Associates Audit Limited

Room 73

Wrest House

Silsoe

Bedfordshire

MK45 4HR

15 September 2026

TURNOVER

4

120,467,418

159,560,241

Cost of sales

(104,475,850

)

(137,056,947

)

GROSS PROFIT

15,991,568

22,503,294

Administrative expenses

(7,326,738

)

(9,953,450

)

OPERATING PROFIT

6

8,664,830

12,549,844

Interest receivable and similar income

627

255,689

8,665,457

12,805,533

Interest payable and similar expenses

7

(767,835

)

(1,594,306

)

PROFIT BEFORE TAXATION

7,897,622

11,211,227

Tax on profit

8

(2,026,237

)

(2,846,343

)

PROFIT FOR THE FINANCIAL YEAR

5,871,385

8,364,884

PROFIT FOR THE YEAR

5,871,385

8,364,884

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

5,871,385

8,364,884

FIXED ASSETS

Tangible assets

11

232,577

338,754

Investments

12

1,210,903

1,210,903

1,443,480

1,549,657

CURRENT ASSETS

Stocks

13

27,514,868

20,763,401

Debtors

14

12,575,815

11,030,643

Cash at bank

7,335,454

3,479,827

47,426,137

35,273,871

CREDITORS

Amounts falling due within one year

15

(26,093,870

)

(21,994,269

)

NET CURRENT ASSETS

21,332,267

13,279,602

TOTAL ASSETS LESS CURRENT LIABILITIES

22,775,747

14,829,259

CREDITORS

Amounts falling due after more than one year

16

(2,625,103

)

-

NET ASSETS

20,150,644

14,829,259

CAPITAL AND RESERVES

Called up share capital

19

100

100

Retained earnings

20

20,150,544

14,829,159

SHAREHOLDERS' FUNDS

20,150,644

14,829,259

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

A L C Florea - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

100

15,391,874

15,391,974

Changes in equity

Dividends

-

(8,927,599

)

(8,927,599

)

Total comprehensive income

-

8,364,884

8,364,884

Balance at 31 December 2024

100

14,829,159

14,829,259

Changes in equity

Dividends

-

(550,000

)

(550,000

)

Total comprehensive income

-

5,871,385

5,871,385

Balance at 31 December 2025

100

20,150,544

20,150,644

1.	STATUTORY INFORMATION

F&F Stores 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.

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. The financial statements are prepared in sterling, which is the functional currency of the entity.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The comparatives relate to the year 01 August 2023 to 31 December 2024.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

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.

Long leasehold

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

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

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

Going concern

In preparing these financial statements, the directors have assessed the ability of the company to continue to operate for the period of at least twelve months from the date of signing the financial statements.

The directors undertook a risk assessment and forecasting exercise to assess the company's liquidity position. The assessments include performing cashflow sensitivity analysis focusing on income and cost levels. In addition, reverse stress testing is performed to assess the levels of performance where cash availability would breach. The results of this analysis continued to demonstrate that there is sufficient cash availability.

Based on current trading performance, and the sensitivity and reverse stress testing performed, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of signing these financial statements. After making enquiries, the directors continue to adopt the going concern basis in preparing these financial statements.

Investments in group undertakings

Investments in group undertakings are recognised at cost.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised in the current year.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

United Kingdom

33,629,164

62,878,830

Europe

38,644,647

72,225,491

USA

47,376,720

22,114,652

Rest of the world

816,887

2,341,268

120,467,418

159,560,241

5.	EMPLOYEES AND DIRECTORS

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Wages and salaries

3,561,205

4,641,765

Social security costs

453,004

474,418

Other pension costs

40,075

61,922

4,054,284

5,178,105

The average number of employees during the year was as follows:

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

Staff

105

89

Directors

2

2

107

91

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Directors' remuneration

400,000

25,140

Information regarding the highest paid director for the year ended 31 December 2025 is as follows:

Year Ended

31.12.25

£

Emoluments etc

200,000

6.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Hire of plant and machinery

17,763

27,174

Other operating leases

75,042

100,477

Depreciation - owned assets

116,109

132,516

Loss on disposal of fixed assets

-

15,326

Auditors' remuneration

15,000

12,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Loan interest

1,220,416

1,537,301

Corporation tax interest

115,055

-

Foreign exchange (gain)/loss

(567,636

)

57,005

767,835

1,594,306

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Current tax:

UK corporation tax

2,026,237

2,896,634

Over provision in prior year

-

(50,291

)

Tax on profit

2,026,237

2,846,343

9.

DIVIDENDS

Period

1.8.23

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Ordinary shares of 1 each

Final

550,000

8,927,599

10.	PRIOR YEAR ADJUSTMENT

The prior year comparatives have been restated by the directors to reclassify a number of intercompany transactions in prior years.This restatement has resulted in distributable profit and loss reserves at 31 December 2024 decreasing by £150,874 to £14,829,159, with profit after tax decreasing by £150,874 to £8,364,884, for the period ending 31st December 2024.There are no further tax implications to report other than those disclosed in note 8 above following the restructure of the group as a whole from December 2023 to July 2024.

11.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2025

41,168

495,938

97,215

94,790

729,111

Additions

-

-

-

9,932

9,932

At 31 December 2025

41,168

495,938

97,215

104,722

739,043

Depreciation

At 1 January 2025

13,037

225,327

81,129

70,864

390,357

Charge for year

11,664

84,913

7,900

11,632

116,109

At 31 December 2025

24,701

310,240

89,029

82,496

506,466

Net book value

At 31 December 2025

16,467

185,698

8,186

22,226

232,577

At 31 December 2024

28,131

270,611

16,086

23,926

338,754

12.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 January 2025

and 31 December 2025

1,210,903

Net book value

At 31 December 2025

1,210,903

At 31 December 2024

1,210,903

On 11th March 2025, F&F Stores Holdings Limited Filiala SRL, a fellow group company, completed a spin-off under Romanian law, separating its real estate activities into Get Trend SRL. As part of the transaction, new shares in Get Trend SRL were issued directly to the shareholders of F&F Stores Holdings Limited Filiala SRL, resulting in F&F Stores Holdings Limited acquiring a 77.11% interest in Get Trend SRL, while F&F Stores Limited retained its existing 520 shares and now holds 22.89%.

The transaction qualifies as a group reconstruction under FRS 102. The entities involved remained under the same ultimate ownership before and after the transaction, and the conditions required to apply merger accounting have been met.

13.

STOCKS

2025

2024

as restated

£

£

Stocks

27,514,868

20,763,401

14.

DEBTORS

2025

2024

as restated

£

£

Amounts falling due within one year:

Trade debtors

2,044,429

3,172,241

Amounts owed by group undertakings

3,805,221

4,144,244

Other debtors

2,566,983

3,024,397

Tax

50,291

50,291

VAT

1,604,195

557,858

Prepayments and accrued income

2,479,328

56,244

12,550,447

11,005,275

Amounts falling due after more than one year:

Amounts owed by group undertakings

25,368

25,368

Aggregate amounts

12,575,815

11,030,643

Included within 'Other debtors' is an amount of £521,099 (2024: £521,099) in respect of a rent deposit due to be recovered from the landlord in more than one year from the balance sheet date.