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

The director of the company has elected not to include a copy of the income statement within the financial statements.

Shoalter Automation (UK) Two Limited is a private company limited by shares incorporated in England and Wales. The registered office is 320 Broadway, Salford, Greater Manchester, England, M50 2UE. The company's principal activities and nature of its operations are disclosed in the director's report.

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As permitted by FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of IFRS:

• presentation of a statement of cash flows and related notes;

• disclosure of key management personnel compensation;

• certain disclosures in respect of financial instruments; and

• related party disclosures for transactions with the parent or wholly owned members of the group.

The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of inventories or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The company leases property used in its operations.

At the commencement date of a lease, the company recognises a right-of-use asset and a corresponding lease liability.

Lease liabilities are initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, where that cannot readily be determined, the company's incremental borrowing rate.

Right-of-use assets are initially measured at cost, comprising the amount of the initial lease liability together with any lease payments made at or before the commencement date.

Right-of-use assets are subsequently depreciated on a straight-line basis over the lease term. Lease liabilities are subsequently measured using the effective interest method. The lease liability is increased by interest charges and reduced by lease payments made.

Interest arising on lease liabilities is recognised within finance costs in the income statement.

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements. When the company is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately, classifying the sub-lease with reference to the right-of-use asset arising from the head lease instead of the underlying asset.

Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Lease liabilities and right-of-use assets

The measurement of the right-of-use asset and lease liability involves estimation in determining the appropriate lease term and discount rate. The lease term is determined with reference to the contractual lease period and any relevant extension or termination options. The lease liability is measured at the present value of future lease payments using an appropriate discount rate. Changes in these assumptions may affect the carrying amounts of the right-of-use asset and lease liability.

The average monthly number of persons (including directors) employed by the company during the year was:

The company has entered into a finance sublease arrangement with its parent undertaking, Shoalter Automation (UK) Limited, in respect of the MediaCity premises. The sublease is for the remaining term of the head lease.

Finance lease receivables are measured at the net investment in the sublease, being the present value of future lease payments receivable.

Lease payments represent rentals payable for premises. The lease is on a fixed repayment basis.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report is unqualified and includes the following:

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.

Other matter

The financial statements of the company for the year ended 31 December 2024, were not audited. Accordingly, we do not express an opinion on them. Our opinion on the current period's financial statements for the year ended 31 December 2025, is not modified in respect of this matter.

Following management's decision during 2025 to scale back UK automated retail activities, the MediaCity store subsequently ceased operations during 2026. The closure forms part of the wider group's decision to discontinue UK automated retail rollout activities and focus future development elsewhere within the group.

The company is a wholly owned subsidiary undertaking of Shoalter Automation (UK) Limited (incorporated in England and Wales), which is itself a wholly owned subsidiary of Easy Global Enterprises Limited (incorporated in the British Virgin Islands with limited liability). Easy Global Enterprises Limited is 100% owned by Hong Kong Technology Venture Company Limited, the ultimate controlling party.

The group in which the results of the company are consolidated is that headed by Hong Kong Technology Venture Company Limited. The consolidated financial statements of the group can be obtained from No. 1 Chun Cheong Street, Tseung Kwan O Industrial Estate, Hong Kong.