32816-Lucy-Group-AR-2025 web ready spreads_FINAL

Company Statement of Changes in Equity for the year ended 31 December 2025

Notes to the Company Accounts

FINANCIAL STATEMENTS

Revenue Revenue is measured at the fair value of consideration received or receivable, excluding sales taxes and net of returns, trade discounts and volume rebates. Revenue is recognised when control of the products or services has transferred to the customer. Operating expenses Operating expenses are recognised in the income statement upon utilisation of the service or at the date of their origin. Fixed assets Freehold buildings, fixtures and machinery are initially recognised at acquisition cost, including any costs directly attributable to bringing the assets to the location and condition necessary for them to be capable of operating in the manner intended by the company’s management. Buildings, fixtures and other equipment are subsequently measured using the cost model, cost less accumulated depreciation and impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives, using the straight-line method, on the following bases: | Freehold buildings Straight line over expected useful life | Leasehold premises Term of the lease, not exceeding 50 years | Leasehold improvements | Motor vehicles 4 years Material residual value estimates and estimates of useful life are updated as required, but at least annually. Gains or losses arising on the disposal of property, plant and equipment are determined as the difference between the disposal proceeds and the carrying amount of the assets and are recognised in the income statement within other income or other expenses. Intangible fixed assets Intangible assets, other than goodwill, are stated at cost less accumulated amortisation. Amortisation is calculated to write off the cost of the licences on a straight-line basis over the life of the licence. The residual value, if significant, is reassessed annually. Not exceeding the term of the lease | Plant and equipment | Fixtures and fittings | Computer equipment | Computer software 4 – 15 years 3 – 10 years 4 – 5 years 3 years

1. Accounting policies Statement of compliance

Share capital £000

Capital reserve £000

Currency reserve £000

Retained earnings £000

Total equity £000

These financial statements have been prepared in accordance with Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (FRS 101). The Company has taken the exemption allowed under Section 408 of the Companies Act 2006 from the requirement to present its own income statement. The profit for the year was £31.9m (2024: £45.4m). These financial statements present information about the Company as an individual undertaking and not about its Group. General information and basis of preparation Lucy Group Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the Company information on page 150 of this report. The financial statements have been prepared in accordance with the Companies Act 2006 and the principal accounting policies as summarised below. They have all been applied consistently throughout the year. Disclosure exemptions adopted The Company has taken advantage of the following disclosure exemptions under FRS 101: | IAS 1: Presentation of comparative reconciliations for property, plant and equipment and intangible assets | IAS 1: Capital management disclosures | IAS 7: Exemption from preparing a cash flow statement | IAS 8: Disclosures in respect of standards in issue not yet effective | IFRS 15: Various disclosures in respect of revenue recognition including disaggregation of revenue and details of performance obligations | IAS 24: Related party disclosures to disclose related party transactions entered into | IAS 24: Disclosure of key management personnel compensation Functional and presentation currency The financial statements are presented in UK Pound Sterling, which is also the functional currency of the Company. Foreign currency transactions and balances Foreign exchange gains and losses resulting from the remeasurement of monetary items denominated in foreign currency at year-end exchange rates are recognised in the income statement. Non-monetary items are translated at the date of the transaction.

At 1 January 2025

492

31

(6,883)

314,749

308,389

Profit for the year

–

–

–

31,861

31,861

Other comprehensive income Fair value change in investments, net of deferred tax Actuarial gain on post-employment benefit schemes, net of deferred tax

–

–

–

290

290

– – –

– – –

– – –

1,728

1,728

Total comprehensive income

33,879 (3,478)

33,879 (3,478)

Dividends

At 31 December 2025

492

31

(6,883)

345,150

338,790

At 1 January 2024

492

31

(6,883)

272,258

265,898

Profit for the year

–

–

–

45,394

45,394

Other comprehensive income Fair value change in investments, net of deferred tax Actuarial gain on post-employment benefit schemes, net of deferred tax

–

–

–

266

266

– – –

– – –

– – –

1,219

1,219

Total comprehensive income

46,879 (4,388)

46,879 (4,388)

Dividends

At 31 December 2024

492

31

(6,883)

314,749

308,389

138

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Lucy Group Ltd Annual Report & Accounts 2025

LUCYGROUP.COM

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139