Candice Fragis Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of Candice Fragis Ltd For The Year Ended 31 January 2026

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Candice Fragis Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Candice Fragis Ltd , as a body, in accordance with the terms of our engagement letter dated 15 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of Candice Fragis Ltd and state those matters that we have agreed to state to the director of Candice Fragis Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Candice Fragis Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Candice Fragis Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Candice Fragis Ltd . You consider that Candice Fragis Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Candice Fragis Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

March Mutual Ltd

9 September 2026

March Mutual Ltd

F25 Waterfront Studios

1 Dock Road

London

E16 1AH

Page 1

Page 2

Candice Fragis Ltd

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: 11807620

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		33,071		44,298

			33,071		44,298
CURRENT ASSETS
Debtors	4	2,464		2,464
Investments	5	100,000		100,000
Cash at bank and in hand		35,381		61,138

		137,845		163,602
Creditors: Amounts Falling Due Within One Year	6	(8,121 )		(6,917 )

NET CURRENT ASSETS (LIABILITIES)			129,724		156,685

TOTAL ASSETS LESS CURRENT LIABILITIES			162,795		200,983

Creditors: Amounts Falling Due After More Than One Year	7		(179,199 )		(193,090 )

NET (LIABILITIES)/ASSETS			(16,404 )		7,893

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(16,405 )		7,892

SHAREHOLDERS' FUNDS			(16,404)		7,893

Page 2

Page 3

Candice Fragis Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Candice Fragis

Director

9 September 2026

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Candice Fragis Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. Accounting Policies

1.1. 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.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

1.3. 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:

Motor Vehicles	5 Years Straight Line
Computer Equipment	33.33%

1.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: NIL)

Page 4

Page 5

Candice Fragis Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2025	54,607	2,117	56,724

As at 31 January 2026	54,607	2,117	56,724

Depreciation
As at 1 February 2025	10,921	1,505	12,426
Provided during the period	10,921	306	11,227

As at 31 January 2026	21,842	1,811	23,653

Net Book Value
As at 31 January 2026	32,765	306	33,071

As at 1 February 2025	43,686	612	44,298

4. Debtors

	2026	2025
	£	£
Due within one year
Other taxes and social security	2,464	2,464

5. Current Asset Investments

	2026	2025
	£	£
Unlisted investments	100,000	100,000

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	6,572	6,572
Credit card	469	(735 )
Accruals and deferred income	1,080	1,080

	8,121	6,917

Page 5

Page 6

Candice Fragis Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	33,533	40,106
Other creditors	145,666	152,984

	179,199	193,090

Other creditors due after one year includes £145,666 payable to the director Ms Candice Fragis.

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,572	6,572
Later than one year and not later than five years	33,533	40,106

	40,105	46,678

	40,105	46,678

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

10. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	-	8,579

Page 6