The Ritzema Group Limited

The principal activity of the company and group continued to be that of a contract printing service to wallpaper designers and distributors. On 1 October 2024, the company implemented a group reorganisation whereby The Ritzema Group Limited became the ultimate parent company of the group. This reorganisation has been accounted for using the merger accounting method in accordance with Section 19 of FRS 102 – Business Combinations and Goodwill, as permitted by Companies Act 2006 for group reconstructions involving entities under common control. Under merger accounting, the consolidated financial statements have been presented as if the new group structure had always been in existence. Accordingly: The comparative figures for the prior period have been restated to reflect the results of the group as if The Ritzema Group Limited had been the parent throughout. The assets and liabilities of the subsidiaries have been recognised at their existing carrying amounts without fair value adjustments. No goodwill has arisen on the reorganisation. This approach reflects the substance of the transaction, which was a continuation of the existing business under common ownership, rather than an acquisition.