LA GROUP HOLDINGS LTD - Period Ending 2026-01-31

Registration number: 11340457

LA GROUP HOLDINGS LTD

Annual Report and Consolidated Financial Statements

for the Year Ended 31 January 2026

LA GROUP HOLDINGS LTD

Contents

Company Information	1
Directors' Report	2
Statement of Directors' Responsibilities	3
Independent Auditor's Report	4 to 6
Consolidated Profit and Loss Account	7
Consolidated Statement of Comprehensive Income	8
Income Statement	9
Consolidated Balance Sheet	10
Balance Sheet	11
Consolidated Statement of Changes in Equity	12
Statement of Changes in Equity	13
Consolidated Statement of Cash Flows	14
Statement of Cash Flows	15
Notes to the Financial Statements	16 to 29
Detailed Consolidated Profit and Loss Account	30 to 32
Detailed Company Profit and Loss Account	33 to 34

LA GROUP HOLDINGS LTD

Company Information

Directors

Mr L Hussain

Mrs S Hussain

Registered office

Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ

Auditors

Pearlman Rose
Chartered Accountants & Statutory AuditorsSuite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ

LA GROUP HOLDINGS LTD

Directors' Report for the Year Ended 31 January 2026

The directors present their report and the for the year ended 31 January 2026.

Directors of the group

The directors who held office during the year were as follows:

Mr L Hussain

Mrs S Hussain

Disclosure of information to the auditor

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Approved and authorised by the Board on 23 October 2026 and signed on its behalf by:

.........................................
Mr L Hussain
Director

.........................................
Mrs S Hussain
Director

LA GROUP HOLDINGS LTD

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report 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 group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

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

•	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	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 group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

LA GROUP HOLDINGS LTD

Independent Auditor's Report to the Members of LA GROUP HOLDINGS LTD

Opinion

We have audited the financial statements of LA GROUP HOLDINGS LTD (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, 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 group's and the parent company's affairs as at 31 January 2026 and of the group's 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 auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 director's 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 group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

LA GROUP HOLDINGS LTD

Independent Auditor's Report to the Members of LA GROUP HOLDINGS LTD

We have nothing to report in this regard.

Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
•	the parent company 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 3], 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 is 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.

Auditor 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 an auditor’s report 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:

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

LA GROUP HOLDINGS LTD

Independent Auditor's Report to the Members of LA GROUP HOLDINGS LTD

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 an auditor’s report 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.

......................................
Mohammad Jilani (Senior Statutory Auditor)
For and on behalf of Pearlman Rose, Statutory Auditor
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ

23 October 2026

LA GROUP HOLDINGS LTD

Consolidated Profit and Loss Account for the Year Ended 31 January 2026

	Note	2026 £	2025 £
Turnover	3	30,061,440	30,378,653
Cost of sales		(21,253,594)	(22,190,778)
Gross profit		8,807,846	8,187,875
Administrative expenses		(7,010,098)	(6,676,620)
Other operating income	4	1,174,181	1,118,300
Operating profit	6	2,971,929	2,629,555
Other interest receivable and similar income	7	24,667	32,722
Interest payable and similar expenses	8	(837,616)	(853,845)
		(812,949)	(821,123)
Profit before tax		2,158,980	1,808,432
Tax on profit	12	(561,569)	(485,431)
Profit for the financial year		1,597,411	1,323,001
Profit/(loss) attributable to:
Owners of the company		1,457,936	1,248,167
Minority interests		139,475	74,834
		1,597,411	1,323,001

The group has no recognised gains or losses for the year other than the results above.

LA GROUP HOLDINGS LTD

Consolidated Statement of Comprehensive Income for the Year Ended 31 January 2026

	2026 £	2025 £
Profit for the year	1,597,411	1,323,001
Total comprehensive income for the year	1,597,411	1,323,001
Total comprehensive income attributable to:
Owners of the company	1,457,936	1,248,167
Minority interests	139,475	74,834
	1,597,411	1,323,001

LA GROUP HOLDINGS LTD

Profit and Loss Account for the Year Ended 31 January 2026

	Note	2026 £	2025 £
Turnover	3	-	-
Gross profit/(loss)		-	-
Administrative expenses		-	(6,220)
Operating loss	6	-	(6,220)
Income from shares in group undertakings		775,000	944,500
Other interest receivable and similar income		7,130	18,995
		782,130	963,495
Profit before tax		782,130	957,275
Tax on profit	12	(1,783)	(2,636)
Profit for the financial year		780,347	954,639

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

LA GROUP HOLDINGS LTD

(Registration number: 11340457)
Consolidated Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	13	2,252,148	2,265,981
Tangible assets	14	4,628,349	4,762,707
Investment property	15	30,933,261	30,032,069
		37,813,758	37,060,757
Current assets
Stocks	17	1,191,091	1,083,044
Debtors	18	632,375	503,046
Cash at bank and in hand		1,870,722	1,328,340
		3,694,188	2,914,430
Creditors: Amounts falling due within one year	20	(3,477,821)	(2,968,828)
Net current assets/(liabilities)		216,367	(54,398)
Total assets less current liabilities		38,030,125	37,006,359
Creditors: Amounts falling due after more than one year	20	(14,497,576)	(14,592,785)
Provisions for liabilities	21	(176,605)	(181,889)
Net assets		23,355,944	22,231,685
Capital and reserves
Called up share capital	23	13,968,319	13,968,319
Retained earnings		9,387,625	8,263,366
Equity attributable to owners of the company		23,355,944	22,231,685
Shareholders' funds		23,355,944	22,231,685

Approved and authorised by the Board on 23 October 2026 and signed on its behalf by:

.........................................
Mr L Hussain
Director

.........................................
Mrs S Hussain
Director

LA GROUP HOLDINGS LTD

(Registration number: 11340457)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investments	16	13,966,319	13,966,319
Current assets
Debtors	18	2,288,310	1,630,200
Cash at bank and in hand		360,868	401,882
		2,649,178	2,032,082
Creditors: Amounts falling due within one year	20	(957,662)	(767,313)
Net current assets		1,691,516	1,264,769
Net assets		15,657,835	15,231,088
Capital and reserves
Called up share capital	23	13,968,319	13,968,319
Retained earnings		1,689,516	1,262,769
Shareholders' funds		15,657,835	15,231,088

The company made a profit after tax for the financial year of £780,347 (2025 - profit of £954,639).

Approved and authorised by the Board on 23 October 2026 and signed on its behalf by:

.........................................
Mr L Hussain
Director

.........................................
Mrs S Hussain
Director

LA GROUP HOLDINGS LTD

Statement of Changes in Equity for the Year Ended 31 January 2026

	Share capital £	Retained earnings £	Total £
At 1 February 2025	13,968,319	1,262,769	15,231,088
Profit for the year	-	780,347	780,347
Dividends	-	(353,600)	(353,600)
At 31 January 2026	13,968,319	1,689,516	15,657,835

	Share capital £	Retained earnings £	Total £
At 1 February 2024	13,968,319	355,130	14,323,449
Profit for the year	-	954,639	954,639
Dividends	-	(47,000)	(47,000)
At 31 January 2025	13,968,319	1,262,769	15,231,088

LA GROUP HOLDINGS LTD

Consolidated Statement of Cash Flows for the Year Ended 31 January 2026

	Note	2026 £	2025 £
Cash flows from operating activities
Profit for the year		1,597,411	1,323,001
Adjustments to cash flows from non-cash items
Depreciation and amortisation	6	365,666	356,561
Profit from disposals of investments	5	(13,263)	-
Finance income	7	(24,667)	(32,722)
Finance costs	8	837,616	853,845
Income tax expense	12	561,569	485,431
Impairment reversal		-	(3,298)
		3,324,332	2,982,818
Working capital adjustments
(Increase)/decrease in stocks	17	(108,047)	596,561
(Increase)/decrease in trade debtors	18	(129,329)	357,648
Increase in trade creditors	20	350,307	150,807
Increase/(decrease) in deferred income, including government grants		8,856	(14,031)
Cash generated from operations		3,446,119	4,073,803
Income taxes paid	12	(468,261)	(641,769)
Net cash flow from operating activities		2,977,858	3,432,034
Cash flows from investing activities
Interest received		17,957	27,522
Acquisitions of tangible assets		(217,475)	(545,385)
Acquisition of investment properties	15	(901,192)	(3,164,662)
Dividend income from financial assets		6,710	5,200
Net cash flows from investing activities		(1,094,000)	(3,677,325)
Cash flows from financing activities
Interest paid	8	(837,616)	(853,845)
Proceeds from bank borrowing draw downs		92,835	624,788
Repayment of bank borrowing		(106,287)	(233,890)
Repayment of other borrowing		1,382	(72,249)
Payments to finance lease creditors		(138,190)	114,551
Dividends paid		(353,600)	(47,000)
Net cash flows from financing activities		(1,341,476)	(467,645)
Net increase/(decrease) in cash and cash equivalents		542,382	(712,936)
Cash and cash equivalents at 1 February		1,328,340	2,041,276
Cash and cash equivalents at 31 January		1,870,722	1,328,340

LA GROUP HOLDINGS LTD

Statement of Cash Flows for the Year Ended 31 January 2026

	Note	2026 £	2025 £
Cash flows from operating activities
Profit for the year		780,347	954,639
Adjustments to cash flows from non-cash items
Finance income		(782,130)	(963,495)
Income tax expense	12	1,783	2,636
		-	(6,220)
Working capital adjustments
Increase in trade debtors	18	(658,110)	(1,573,000)
Increase in trade creditors	20	191,202	6,000
Cash generated from operations		(466,908)	(1,573,220)
Income taxes paid	12	(2,636)	-
Net cash flow from operating activities		(469,544)	(1,573,220)
Cash flows from investing activities
Dividends received		782,130	963,495
Cash flows from financing activities
Dividends paid		(353,600)	(47,000)
Net decrease in cash and cash equivalents		(41,014)	(656,725)
Cash and cash equivalents at 1 February		401,882	1,058,607
Cash and cash equivalents at 31 January		360,868	401,882

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ

These financial statements were authorised for issue by the Board on 23 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 January 2026.

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.

The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures, fittings & equipment	15% reducing balance
Office equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over the useful life of the asset

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

3

Turnover

The analysis of the group's turnover for the year from continuing operations is as follows:

	2026 £	2025 £
Sale of goods	28,980,985	29,268,312
Rental income from investment property	1,080,455	1,110,341
	30,061,440	30,378,653

4	Other operating income

The analysis of the group's other operating income for the year is as follows:

	2026 £	2025 £
Sub lease rental income	111,754	116,257
Other operating income	1,062,427	1,002,043
	1,174,181	1,118,300

5	Other gains and losses

The analysis of the group's other gains and losses for the year is as follows:

	2026 £	2025 £
Gain from disposals of investments	13,263	-

6	Operating profit

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	351,833	342,728
Amortisation expense	13,833	13,833
Impairment reversal	-	(3,298)
Operating lease expense - property	319,884	370,862
Operating lease expense - other	129,388	87,179

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

7	Other interest receivable and similar income

	2026 £	2025 £
Interest income on bank deposits	17,957	27,522
Dividend income from financial assets	6,710	5,200
	24,667	32,722

8	Interest payable and similar expenses

	2026 £	2025 £
Interest on bank overdrafts and borrowings	813,112	831,910
Interest on obligations under finance leases and hire purchase contracts	24,504	21,935
	837,616	853,845

9	Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

	2026 £	2025 £
Wages and salaries	3,862,027	3,742,667
Social security costs	407,992	289,846
Pension costs, defined contribution scheme	140,310	218,674
Other employee expense	10,837	16,474
	4,421,166	4,267,661

The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:

	2026 No.	2025 No.
Administration and support	17	16
Sales	160	193
	177	209

10	Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	124,489	124,918
Contributions paid to money purchase schemes	120,000	164,000
	244,489	288,918

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

11	Auditors' remuneration

	2026 £	2025 £
Audit of these financial statements	22,600	22,600

12

Taxation

Tax charged/(credited) in the consolidated profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	567,236	468,704
UK corporation tax adjustment to prior periods	(381)	-
	566,855	468,704
Deferred taxation
Arising from origination and reversal of timing differences	(5,286)	16,727
Tax expense in the income statement	561,569	485,431

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2025 - the same as the standard rate of corporation tax in the UK) of 25% (2025 - 25%).

The differences are reconciled below:

	2026 £	2025 £
Profit before tax	2,158,980	1,808,432
Corporation tax at standard rate	539,745	452,108
Tax increase from effect of capital allowances and depreciation	21,824	16,596
Tax increase from other short-term timing differences	-	16,727
Total tax charge	561,569	485,431

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

13	Intangible assets

Group

Goodwill
£

Total
£

Cost or valuation

At 1 February 2025

2,503,752

2,503,752

At 31 January 2026

2,503,752

2,503,752

Amortisation

At 1 February 2025

237,771

237,771

Amortisation charge

13,833

13,833

At 31 January 2026

251,604

251,604

Carrying amount

At 31 January 2026

2,252,148

2,252,148

At 31 January 2025

2,265,981

2,265,981

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

14	Tangible assets

Group

Land and buildings
£

Long leasehold land and buildings
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Cost or valuation

At 1 February 2025

1,557,337

2,582,363

216,031

1,782,167

Additions

-

-

-

217,475

At 31 January 2026

1,557,337

2,582,363

216,031

1,999,642

Depreciation

At 1 February 2025

188,060

675,657

176,716

1,360,553

Charge for the year

31,147

51,647

10,609

75,118

At 31 January 2026

219,207

727,304

187,325

1,435,671

Carrying amount

At 31 January 2026

1,338,130

1,855,059

28,706

563,971

At 31 January 2025

1,369,277

1,906,706

39,315

421,614

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 February 2025

1,781,165

12,001

7,931,064

Additions

-

-

217,475

At 31 January 2026

1,781,165

12,001

8,148,539

Depreciation

At 1 February 2025

756,451

10,920

3,168,357

Charge for the year

183,041

271

351,833

At 31 January 2026

939,492

11,191

3,520,190

Carrying amount

At 31 January 2026

841,673

810

4,628,349

At 31 January 2025

1,024,714

1,081

4,762,707

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

15	Investment properties

Group

	2026 £
At 1 February	30,032,069
Additions	901,192
At 31 January	30,933,261

There has been no valuation of investment property by an independent valuer.

16	Investments

Company

	2026 £	2025 £
Investments in subsidiaries	13,966,319	13,966,319

Subsidiaries	£
Cost or valuation
At 1 February 2025	13,966,319
Provision
Carrying amount
At 31 January 2026	13,966,319
At 31 January 2025	13,966,319

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2026	2025
Subsidiary undertakings
L A Foods (UK) Limited	Jack Dash House, 2 Lawn House Close, London, England, E14 9YQ	Ordinary	100%	100%
L.A. Properties (UK) Limited	Jack Dash House, 2 Lawn House Close, London, England, E14 9YQ	Ordinary	100%	100%
F.A.B Retail Limited	238-242 Uxbridge Road, Shepherds Bush, London, W12 7JD	Ordinary	75%	75%
Dream Home London Limited	Jack Dash House, 2 Lawn House Close, London, England, E14 9YQ	Ordinary	100%	100%

Subsidiary undertakings

17

Stocks

	Group		Company
	2026 £	2025 £	2026 £	2025 £
Other inventories	1,191,091	1,083,044	-	-

18

Debtors

		Group		Company
Current	Note	2026 £	2025 £	2026 £	2025 £
Trade debtors		181,743	127,409	-	-
Amounts owed by related parties		-	-	2,286,310	1,586,700
Other debtors		306,672	205,920	2,000	43,500
Prepayments		143,960	169,717	-	-
		632,375	503,046	2,288,310	1,630,200

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

19	Cash and cash equivalents

	Group		Company
	2026 £	2025 £	2026 £	2025 £
Cash on hand	317,175	104,199	-	-
Cash at bank	1,553,547	1,224,141	360,868	401,882
	1,870,722	1,328,340	360,868	401,882

20

Creditors

		Group		Company
	Note	2026 £	2025 £	2026 £	2025 £
Due within one year
Loans and borrowings	24	1,049,997	998,761	-	-
Trade creditors		1,117,509	973,822	-	-
Amounts due to related parties		234,184	228,463	925,597	745,597
Social security and other taxes		189,510	101,966	-	-
Outstanding defined contribution pension costs		4,521	4,044	-	-
Other payables		189,638	55,351	11,202	-
Accruals		59,781	81,190	19,080	19,080
Income tax liability	12	567,297	468,703	1,783	2,636
Deferred income		65,384	56,528	-	-
		3,477,821	2,968,828	957,662	767,313
Due after one year
Loans and borrowings	24	14,497,576	14,592,785	-	-

21	Provisions for liabilities

Group

	Deferred tax £	Total £
At 1 February 2025	181,889	181,889
Additional provisions	(5,284)	(5,284)
At 31 January 2026	176,605	176,605

LA GROUP HOLDINGS LTD

Notes to the Financial Statements for the Year Ended 31 January 2026

22	Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £140,310 (2025 - £218,674).

Contributions totalling £4,521 (2025 - £4,044) were payable to the scheme at the end of the year and are included in creditors.

23	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	13,306,922	13,306,922	13,306,922	13,306,922

24	Loans and borrowings

Non-current loans and borrowings

	Group		Company
	2026 £	2025 £	2026 £	2025 £

Bank borrowings	14,330,763	14,427,354	-	-
Other borrowings	166,813	165,431	-	-
	14,497,576	14,592,785	-	-

Current loans and borrowings

	Group		Company
	2026 £	2025 £	2026 £	2025 £

Bank borrowings	792,915	603,489	-	-
Finance lease liabilities	257,082	395,272	-	-
	1,049,997	998,761	-	-

25	Parent and ultimate parent undertaking

The ultimate controlling party is Mr L Hussain and Mrs S Hussain.

LA GROUP HOLDINGS LTD

Detailed Consolidated Profit and Loss Account for the Year Ended 31 January 2026

	2026 £	2025 £
Turnover (analysed below)	30,061,440	30,378,653
Cost of sales (analysed below)	(21,253,594)	(22,190,778)
Gross profit	8,807,846	8,187,875
Gross profit (%)	29.3%	26.95%
Administrative expenses
Employment costs (analysed below)	(4,400,856)	(4,212,988)
Establishment costs (analysed below)	(1,044,759)	(1,053,727)
General administrative expenses (analysed below)	(1,019,121)	(862,782)
Finance charges (analysed below)	(192,959)	(193,860)
Depreciation costs (analysed below)	(365,666)	(353,263)
Other expenses (analysed below)	13,263	-
	(7,010,098)	(6,676,620)
Other operating income (analysed below)	1,174,181	1,118,300
Operating profit	2,971,929	2,629,555
Other interest receivable and similar income (analysed below)	24,667	32,722
Interest payable and similar expenses (analysed below)	(837,616)	(853,845)
	(812,949)	(821,123)
Profit before tax	2,158,980	1,808,432

LA GROUP HOLDINGS LTD

Detailed Consolidated Profit and Loss Account for the Year Ended 31 January 2026

2026
£

2025
£


Turnover
Sales	28,980,985	29,268,312
Rent receivable	1,080,455	1,110,341
	30,061,440	30,378,653


Cost of sales
Opening raw materials	(1,083,044)	(1,679,605)
Purchases	(21,341,331)	(21,539,543)
Closing raw materials	1,191,091	1,083,043
Staff pensions (Defined contribution)	(20,310)	(54,673)
	(21,253,594)	(22,190,778)


Employment costs
Wages and salaries (excluding directors)	(3,737,538)	(3,617,749)
Staff NIC (Employers)	(407,992)	(289,846)
Directors remuneration	(124,489)	(124,918)
Staff pensions (Defined contribution)	-	(1)
Directors pensions (Defined contribution)	(120,000)	(164,000)
Commissions payable	(6,207)	(9,310)
Staff training	(4,630)	(7,164)
	(4,400,856)	(4,212,988)


Establishment costs
Rent and rates	(440,462)	(204,924)
Rent	(10,278)	(31,048)
Rates	(17,545)	(5,654)
Light, heat and power	(199,747)	(170,962)
Insurance	(88,646)	(83,320)
Use of premises	(5,720)	(5,720)
Repairs and maintenance	(257,870)	(531,293)
General maintenance	(24,491)	(20,806)
	(1,044,759)	(1,053,727)


General administrative expenses
Telephone and fax	(4,355)	(20,537)
Printing, postage and stationery	(7,159)	(3,951)
Trade subscriptions	(18,985)	(16,068)
Charitable donations	(8,000)	(2,500)
Property - operating lease	(319,884)	(370,862)
Hire of other assets (Operating leases)	(129,388)	(87,179)
Cleaning	(109,946)	(113,946)

LA GROUP HOLDINGS LTD

Detailed Consolidated Profit and Loss Account for the Year Ended 31 January 2026

2026
£

2025
£


Management charges payable	(68,303)	(73,112)
Motor expenses	(54,907)	(25,691)
Travel and subsistence	(4,537)	(2,095)
Advertising	(19,642)	(40,371)
Staff entertaining (allowable for tax)	(1,549)	(373)
Accountancy fees	(19,350)	(29,250)
Auditor's remuneration - The audit of the company's annual accounts	(22,600)	(22,600)
Legal and professional fees	(230,516)	(54,247)
	(1,019,121)	(862,782)


Finance charges
Bank charges	(192,959)	(193,860)


Depreciation costs
Amortisation of goodwill	(13,833)	(13,833)
Depreciation of freehold property	(31,147)	(31,147)
Depreciation of long leasehold property	(51,647)	(48,889)
Depreciation of short leasehold property	(10,609)	(8,630)
Depreciation of plant and machinery (owned)	(183,312)	(181,069)
Depreciation of fixtures and fittings (owned)	(75,118)	(72,993)
Impairment loss (reversal) on PPE	-	3,298
	(365,666)	(353,263)


Other expenses
(Gain)/loss on disposal of fixed asset Investments	13,263	-


Other operating income
Other operating income	1,062,390	1,002,043
Rent receivable - rental income	111,754	116,257
Sundry income	37	-
	1,174,181	1,118,300


Other interest receivable and similar income
Bank interest receivable	17,957	27,522
Dividend income from financial assets	6,710	5,200
	24,667	32,722


Interest payable and similar expenses
Bank interest payable	(813,112)	(831,910)
Finance lease interest	(24,504)	(21,935)
	(837,616)	(853,845)

LA GROUP HOLDINGS LTD

Detailed Company Profit and Loss Account for the Year Ended 31 January 2026

	2026 £	2025 £
Turnover (analysed below)	-	-
Administrative expenses
General administrative expenses (analysed below)	-	(6,000)
Finance charges (analysed below)	-	(220)
	-	(6,220)
Operating loss	-	(6,220)
Income from shares in group undertakings (analysed below)	775,000	944,500
Other interest receivable and similar income (analysed below)	7,130	18,995
	782,130	963,495
Profit before tax	782,130	957,275

LA GROUP HOLDINGS LTD

Detailed Company Profit and Loss Account for the Year Ended 31 January 2026

2026
£

2025
£


General administrative expenses
Auditor's remuneration - The audit of the company's annual accounts	-	(6,000)


Finance charges
Bank charges	-	(220)


Income from shares in group undertakings
Dividends from shares in subsidiaries	775,000	944,500


Other interest receivable and similar income
Bank interest receivable	7,130	18,995

	Goodwill £	Total £
Cost or valuation
At 1 February 2025	2,503,752	2,503,752
At 31 January 2026	2,503,752	2,503,752
Amortisation
At 1 February 2025	237,771	237,771
Amortisation charge	13,833	13,833
At 31 January 2026	251,604	251,604
Carrying amount
At 31 January 2026	2,252,148	2,252,148
At 31 January 2025	2,265,981	2,265,981

	Land and buildings £	Long leasehold land and buildings £	Short leasehold land and buildings £	Fixtures and fittings £
Cost or valuation
At 1 February 2025	1,557,337	2,582,363	216,031	1,782,167
Additions	-	-	-	217,475
At 31 January 2026	1,557,337	2,582,363	216,031	1,999,642
Depreciation
At 1 February 2025	188,060	675,657	176,716	1,360,553
Charge for the year	31,147	51,647	10,609	75,118
At 31 January 2026	219,207	727,304	187,325	1,435,671
Carrying amount
At 31 January 2026	1,338,130	1,855,059	28,706	563,971
At 31 January 2025	1,369,277	1,906,706	39,315	421,614

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	1,781,165	12,001	7,931,064
Additions	-	-	217,475
At 31 January 2026	1,781,165	12,001	8,148,539
Depreciation
At 1 February 2025	756,451	10,920	3,168,357
Charge for the year	183,041	271	351,833
At 31 January 2026	939,492	11,191	3,520,190
Carrying amount
At 31 January 2026	841,673	810	4,628,349
At 31 January 2025	1,024,714	1,081	4,762,707