2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Basis of\npreparation
\nGeneral information and\nstatement of compliance with International Financial Reporting\nStandards (IFRS)
\nThe financial\nstatements of the company and the consolidated financial statements\nof the group have been prepared in accordance with IFRS as issued\nby the International Accounting Standards Board (IASB) and as\nadopted by the European Union (EU), and in accordance with the\nCompanies Act, Cap. 386.\u00a0
\nThe financial\nstatements have been prepared on the accrual basis and under the\nhistorical cost basis, except for the investment properties which\nare carried at fair value.
\nThe financial\nstatements are presented in euro (\u20ac), which is also the\nfunctional currency of the group and the company.
", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "yozRVdaceR": { "value": "2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Basis of\npreparation
\nGeneral information and\nstatement of compliance with International Financial Reporting\nStandards (IFRS)
\nThe financial\nstatements of the company and the consolidated financial statements\nof the group have been prepared in accordance with IFRS as issued\nby the International Accounting Standards Board (IASB) and as\nadopted by the European Union (EU), and in accordance with the\nCompanies Act, Cap. 386.\u00a0
\nThe financial\nstatements have been prepared on the accrual basis and under the\nhistorical cost basis, except for the investment properties which\nare carried at fair value.
\nThe financial\nstatements are presented in euro (\u20ac), which is also the\nfunctional currency of the group and the company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "YAJjkm0V2y": { "value": "3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 New or revised\nStandards or Interpretations
\n3.1\u00a0\u00a0\u00a0\nNew standards adopted as at 1 January 2025
\nSome accounting\npronouncements which have become effective from 1 January 2025 and\nhave therefore been adopted do not have a significant impact on the\ncompany and group\u2019s financial results or position.
\nAmendments that are\neffective for the first time in 2025 and could be applicable to the\ngroup and the company\u00a0 are:
\n| \n \u2022 \n | \n\n Lack of Exchangeability\n(Amendments to IAS 21). \n | \n
These amendments do not\nhave a significant impact on these financial statements and\ntherefore the disclosures have not been made.
\n3.2\u00a0\u00a0\u00a0\nStandards, amendments and Interpretations to existing Standards\nthat are not yet effective and have not been adopted early by the\ngroup and the company
\nAt the date of\nauthorisation of these consolidated financial statements, several\nnew, but not yet effective, Standards and amendments to existing\nStandards, and Interpretations have been published by the IASB or\nIFRIC. None of these Standards or amendments to existing Standards\nhave been adopted early by the group and the company and no\nInterpretations have been issued that are applicable and need to be\ntaken into consideration by the group and the company at either\nreporting date.
\nStandards and\namendments that are not yet effective and have not been adopted\nearly by the group and the company include:
\n| \n \u2022 \n | \n\n Amendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and 7) \n | \n
| \n \u2022 \n | \n\n Contracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7) \n | \n
| \n \u2022 \n | \n\n Annual Improvements to\nIFRS Accounting Standards\u2014Volume 11 \n | \n
| \n \u2022 \n | \n\n IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
| \n \u2022 \n | \n\n Amendments to IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
These Standards and\namendments are not expected to have a significant impact on the\nfinancial statements in the period of initial application and\ntherefore no disclosures have been made.
\nManagement\u00a0anticipates\u00a0that all relevant\npronouncements will be adopted for the first period\u00a0beginning\non or after the effective date of the pronouncement.
\nIn April 2024, the IASB\nissued IFRS 18, which replaces IAS 1 \u2018Presentation of\nFinancial Statements\u2019. The adoption of IFRS 18\n\u2018Presentation and Disclosure in financial statements\u2019,\neffective for periods commencing on or after 1 January 2027, is\nexpected to have a material impact on the presentation of the\nfinancial Statements, and therefore relevant disclosures are\nincluded below.
\nAlthough IFRS 18\nincludes many of the requirements of IAS 1, it introduces new\nrequirements \u00a0 to better structure financial statements and to provide more\ndetailed and useful information to investors, including:\n\u00a0
\n| \n \u2022 \n | \n\n two new subtotals\ndefined in the statement of profit or loss, namely (1) operating\nprofit and (2) \u00a0 profit or loss before financing and income taxes\n\u00a0 \n | \n
| \n \u2022 \n | \n\n the classification of\nall income and expenses within the statement of profit or loss in\none of five categories \u00a0 \n | \n
| \n \u2022 \n | \n\n a new requirement\nto\u00a0disclose\u00a0performance measures defined by management,\nand \u00a0 \n | \n
| \n \u2022 \n | \n\n an improvement in the\nprinciples related to the aggregation and disaggregation of\ninformation in the financial statements and accompanying notes. \n | \n
IFRS 18 will be applied\nretrospectively with specific transitional\nprovisions.\u00a0
\n\u00a0The group and the\ncompany are currently working to\u00a0identify all of the impacts\nthat IFRS 18 will have on the primary\u00a0financial statements and\nnotes to\u00a0the financial\u00a0statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "BGbwihT7TO": { "value": "4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Material accounting\npolicies
\nThe material accounting\npolicies adopted by the group and the company are set out\nbelow.
\n4.1\u00a0\u00a0\u00a0\nOverall considerations and presentation of financial\nstatements
\nThe group and the\ncompany should disclose their material accounting policies.\nAccounting policies are material and must be disclosed if they can\nbe reasonably expected to influence the decisions of users of the\nfinancial statements.
\nManagement has\nconcluded that the disclosure of the group\u2019s and the\ncompany\u2019s material accounting policies below is\nappropriate.
\nThe financial\nstatements are presented in accordance with IAS 1\n\u2018Presentation of Financial Statements\u2019 (revised 2007).\nThe group and company elected to present the \u2018statement of\nprofit or loss and other comprehensive income\u2019 in one\nstatement.
\n4.2\u00a0\u00a0\u00a0\nBasis for consolidation
\nThe consolidated\nfinancial statements consolidate those of the parent company and\nits direct subsidiary (together referred to as the\n\u2018group\u2019). The subsidiary has a reporting date of 31\nDecember.
\nControl exists when the\ncompany has power over the investee, is exposed or has rights to\nvariable returns from it involvement with the investee and has the\nability to use its power over the investee to affect the amount of\nits returns.\u00a0 In assessing control, potential voting rights\nthat give the company the current ability to direct the\ninvestee\u2019s relevant activities are taken into\naccount.\u00a0
\nThe group re-assesses\nwhether or not it controls an investee if facts and circumstances\nindicate that there are changes to one or more of the three\nelements of control.\u00a0 Consolidation of a subsidiary begins\nwhen the group obtains control over the subsidiary and ceases when\nthe group loses control of the subsidiary.\u00a0 Assets,\nliabilities, income and expenses of a subsidiary acquired or\ndisposed of during the year are included in the consolidated\nfinancial statements from the date the group gains control until\nthe date the group ceases to control the subsidiary.
\nProfit or loss and each\ncomponent of other comprehensive income (OCI) are attributed to the\nequity holders of the parent of the group and to the\nnon-controlling interests, even if this results in the\nnon-controlling interests having a deficit balance.\u00a0 When\nnecessary, adjustments are made to the financial statements of\nsubsidiaries to bring their accounting policies in line with the\ngroup\u2019s accounting policies.\u00a0 All intra-group assets and\nliabilities, equity, income, expenses and cash flows relating to\ntransaction between members of the group are eliminated in full on\nconsolidation.
\nA change in the\nownership interest of a subsidiary, without a loss of control, is\naccounted for as an equity transaction.\u00a0 If the group loses\ncontrol over a subsidiary, it derecognises the related assets\n(including goodwill), liabilities, non-controlling interest and\nother components of equity, while any resultant gain or loss is\nrecognised in profit or loss.\u00a0 Any investment retained is\nrecognised at fair value.
\nIntra-group balances,\ntransactions and unrealised gains and losses on transactions\nbetween the group companies are eliminated on consolidation.\u00a0\nWhere unrealised losses on intra-group asset sales are reversed on\nconsolidation, the underlying asset is also tested for impairment\nfrom the group perspective.\u00a0 Amounts reported in the financial\nstatements of the subsidiary have been adjusted where necessary to\nensure consistency with the accounting policies adopted by the\ngroup.
\nProfit or loss and\nother comprehensive income of subsidiaries acquired or disposed\nduring the year are recognised from the effective date of\nacquisition, or up to the effective date of disposal, as\napplicable.
\nThe consolidated\nfinancial statements have been prepared from the financial\nstatements of the following companies comprising the\ngroup:
\n| \n Name of\ncompany \n | \n\n Nature of\nbusiness \n | \n\n %\nownership \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n HH Finance\nplc \n | \n\n Leasing of Investment\nproperty \n | \n\n - \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n All Round Entertainment\nInd. Ltd. \n | \n\n Leasing of Investment\nproperties \n | \n\n 100 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
The registered office of the\nabove-mentioned companies is situated at 2, St Georges Block A, St\nAugustine Street, St Julians STJ 3310, Malta.
\n4.3\u00a0\u00a0\u00a0\nBusiness combinations under common control
\nA business combination\nunder common control is accounted for by applying the pooling of\ninterests method (predecessor accounting).\u00a0 Under this method,\nthe group has two options of combining the financial statement\nitems:
\n| \n - \n | \n\n Restate the financial\ninformation for prior periods prior to the combination under common\ncontrol to reflect the combination as if it had occurred from the\nbeginning of the earliest period presented; or \n | \n
| \n - \n | \n\n No restatement of\nfinancial information for the periods prior to the combination\nunder common control. \n | \n
The group has opted to\nnot restate the financial information for the prior\nperiods.
\n4.4\u00a0\u00a0\u00a0\nRevenue recognition
\nRevenue pertains to\nrental income from the group\u2019s and company\u2019s investment\nproperties.
\nTo determine whether to\nrecognise revenue, the group and company follow a 5-step\nprocess:
\n| \n 1. \n | \n\n Identifying the contract\nwith a customer \n | \n
| \n 2. \n | \n\n Identifying the performance\nobligations \n | \n
| \n 3. \n | \n\n Determining the transaction\nprice \n | \n
| \n 4. \n | \n\n Allocating the transaction\nprice to the performance obligations \n | \n
| \n 5. \n | \n\n Recognising revenue\nwhen/as performance obligation(s) are satisfied. \n | \n
The following specific,\nrecognition criteria must also be met before revenue is\nrecognised.
\nRental\nincome
\nRental income arising\nfrom operating leases is recognised in profit or loss as it is\nearned. When lease payments are entirely variable and calculated as\na fixed percentage of the lessee\u2019s revenue, rental income is\nrecognised in the period in which the underlying revenue is\ngenerated by the lessee. As the lease payments are contingent on\nthe lessee\u2019s revenue, they are not subject to straight-line\nrecognition.
\nThe group and the\ncompany do not have any fixed or minimum lease payments under these\narrangements.
\nInterest\nincome
\nInterest income is\naccrued on a time basis, by reference to the principal outstanding\nand at the effective interest rate applicable.\n
\n4.5\u00a0\u00a0\u00a0\nExpense recognition
\nExpenses are recognised\nin the income statement upon utilisation of the service or at the\ndate of their origin.
\n4.6\u00a0\u00a0\u00a0\nFinance income and finance costs
\nFinance income and\nfinance costs represent interest charged to/by related companies.\nThese are accounted for on an accrual basis.
\n4.7\u00a0\u00a0\u00a0 Intangible assets
\nAn acquired intangible\nasset is recognised only if it is probable that the expected future\neconomic benefits that are attributable to the asset will flow to\nthe entity and the cost of the asset can be measured reliably. An\nintangible asset is initially measured at cost, comprising its\npurchase price and any directly attributable cost of preparing the\nasset for its intended use.
\nIntangible assets\nincluding, patents, trademarks and other intellectual property\nrights that are acquired by the group and have finite useful lives\nare measured at cost less accumulated amortisation and any\naccumulated impairment losses.
\nAmortisation is\ncalculated to write off the cost of the intangible asset using the\nstraight-line method over its expected useful life.
\nAmortisation is based\non a useful life of 9 years and is charged to statement of profit\nor loss and other comprehensive income. Amortisation methods,\nuseful lives and residual values are reviewed at each reporting\ndate and adjusted if appropriate.
\n4.8\u00a0\u00a0\u00a0 Property, plant and equipment
\nItems of property,\nplant and equipment are measured at cost less accumulated\ndepreciation and accumulated impairment losses.
\nCost includes\nexpenditure that is directly attributable to the acquisition of the\nasset and any other costs directly attributable to bringing the\nassets to a working condition for their intended use, and the costs\nof dismantling and removing the items and restoring the site on\nwhich they are located.
\nDepreciation is charged\nto the statement of profit or loss and other comprehensive income\non a straight-line basis over the estimated useful lives of items\nof property, plant and equipment, and major components are\naccounted for separately. The estimated useful lives are as\nfollows:
\nMotor vehicles \u2014\n20% straight line
\nImprovements \u2014\n10% straight line
\nElectrical and plumbing\n\u2014 6.67% straight line
\nFurniture and fixtures\n\u2014 10% straight line
\nGains and losses on the\ndisposal or retirement of an item of property, plant and equipment\nare determined as the difference between the net disposal proceeds\nand the carrying amount at the date of disposal. The gains or\nlosses are recognised in the statement of profit or loss and other\ncomprehensive income as other operating income or other operating\ncosts, respectively.
\n4.9\u00a0\u00a0\u00a0\nInvestment in subsidiary
\nInvestment in\nsubsidiary is included in the company\u2019s statement of\nfinancial position at cost less any impairment loss that may have\narisen.\u00a0 Dividend income from investment in subsidiary is\nrecognised to the extent of distributions received from the company\nfrom post-acquisition profits.\u00a0 Distributions received in\nexcess of such profits are regarded as a recovery of the investment\nand are recognised as a reduction of the cost of the\ninvestment.
\nAt the end of each\nreporting period, the company reviews the carrying amount of its\ninvestment in subsidiary to determine whether there is any\nindication of impairment and, if any such indication exists, the\nrecoverable amount of the investment is estimated.\u00a0 An\nimpairment loss is the amount by which the carrying amount of an\ninvestment exceeds its recoverable amount.\u00a0 The recoverable\namount is the higher of fair value less costs to sell and value in\nuse.\u00a0 An impairment loss that has been previously recognised\nis reversed if the carrying amount of the investment exceeds its\nrecoverable amount.
\nAn impairment loss is\nreversed only to the extent that the carrying amount of the\ninvestment does not exceed the carrying amount that would have been\ndetermined if no impairment had been previously recognised.\u00a0\nImpairment losses and reversals are recognised in the statement of\nprofit or loss and other comprehensive income.
\n4.10\u00a0\u00a0\nInvestment property
\nInvestment property is\nproperty held to earn rentals or for capital appreciation or both.\nInvestment property is recognised as an asset when it is probable\nthat the future economic benefits that are associated with the\ninvestment property will flow to the entity and the cost can be\nmeasured reliably. Investment property is initially measured at\ncost, including transaction costs. Subsequent to initial\nrecognition, investment property is stated at fair value at the end\nof the reporting period. Investment property is revalued\nperiodically with resulting gains or losses arising from changes in\nthe fair value of investment property are recognised in profit or\nloss in the period in which they arise.
\nInvestment property is\nderecognised on disposal or when it is permanently withdrawn from\nuse and no future economic benefits are expected from its disposal.\nGains or losses on derecognition represent the difference between\nthe net disposal proceeds, if any, and the carrying amount and are\nrecognised in profit or loss in the period of\nderecognition.
\n4.11\u00a0\u00a0\nFinancial instruments
\nRecognition and\nderecognition
\nFinancial assets and\nfinancial liabilities are recognised when the group and company\nbecome a party to the contractual provisions of the\ninstrument.
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and all\nsubstantial risks and rewards are transferred. A financial\nliability is derecognised when it is extinguished, discharged,\ncancelled or expires.
\nClassification and\ninitial measurement of financial assets
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).
\nFinancial assets are\nclassified into the following categories:
\n| \n \u2022 \n | \n\n amortised\ncost; \n | \n
| \n \u2022 \n | \n\n fair value through\nprofit or loss (FVTPL); or \n | \n
| \n \u2022 \n | \n\n fair value through\nother comprehensive income (FVOCI). \n | \n
In the periods\npresented, the group and company do not have any financial assets\ncategorised at FVTPL and FVOCI.
\nThe classification is\ndetermined by both:
\n| \n \u2022 \n | \n\n the entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n \u2022 \n | \n\n the contractual cash\nflow characteristics of the financial asset. \n | \n
All income and expenses\nrelating to financial assets that are recognised in the statement\nof profit or loss and other comprehensive income are presented\nwithin \u2018finance income\u2019 and \u2018finance\ncosts\u2019, except for impairment of other receivables which is\npresented within \u2018administrative expenses\u2019.
\nSubsequent\nmeasurement of financial assets
\nFinancial assets at\namortised cost
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n| \n \u2022 \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n \u2022 \n | \n\n the contractual terms\nof the financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
After initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial. The group\u2019s and company\u2019s\ncash and cash equivalents and most receivables fall into this\ncategory of financial instruments.
\nImpairment of\nfinancial assets
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss model\u2019 (ECL). Instruments within the scope of the\nrequirement include loans and other receivables.
\nThe group considers a\nbroad range of information when assessing credit risk and measuring\nexpected credit losses, including past events, current conditions\nand reasonable and supportable forecasts that affect the expected\ncollectability of the future cash flows of the\ninstrument.
\nIn applying this\nforward-looking approach, a distinction is made between:
\n| \n \u2022 \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019); and \n | \n
| \n \u2022 \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u201812-month\nexpected credit losses\u2019 are recognised for the first category\nwhile \u2018lifetime expected credit losses\u2019 are recognised\nfor the second category.
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.
\nClassification and\nmeasurement of financial liabilities
\nThe group\u2019s and\ncompany\u2019s financial liabilities include trade and other\npayables, loans payable and debt securities in issue.
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the group and company\ndesignate a financial liability at fair value through profit or\nloss.
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method except for derivatives and financial liabilities\ndesignated at FVTPL, which are carried subsequently at fair value\nwith gains or losses recognised in profit or loss (other than\nderivative financial instruments that are designated and effective\nas hedging instruments).
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in income statement are included within\n\u2018finance costs\u2019 or \u2018finance\nincome\u2019.
\n4.12\u00a0\u00a0\u00a0\nImpairment testing on property, plant and equipment and investment\nproperty
\nAll assets are tested\nfor impairment, except for investment property measured at fair\nvalue. At the end of each reporting period, the carrying amount of\nassets is reviewed to determine whether there is any indication or\nobjective evidence of impairment, as appropriate, and if any such\nindication or objective evidence exists, the recoverable amount of\nthe asset is estimated.
\nAn impairment loss is\nthe amount by which the carrying amount of an asset exceeds its\nrecoverable amount.
\nIn the case of assets\ntested for impairment, the recoverable amount is the higher of fair\nvalue less costs to sell (which is the amount obtainable from sale\nin arm\u2019s length transaction between knowledgeable, willing\nparties, less the costs of disposal) and value in use (which is the\npresent value of the future cash flows expected to be derived,\ndiscounted using a pre\u2013tax discount rate that reflects\ncurrent market assessment of the time value of money and the risks\nspecific to the asset). Where the recoverable amount is less than\nthe carrying amount, the carrying amount of the asset is reduced to\nits recoverable amount, as calculated. Impairment losses are\nrecognised immediately in profit or loss.
\nIn the case of assets\ntested for impairment, an impairment loss recognised in a prior\nyear is reversed if there has been a change in the estimates used\nto determine the asset\u2019s recoverable amount since the last\nimpairment loss was recognised.
\nWhere an impairment\nloss subsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but so\nthat the increased carrying amount does not exceed the carrying\namount that would have been determined had no impairment loss been\nrecognised for the asset in prior years. Impairment reversals are\nrecognised immediately in profit or loss.
\n4.13\u00a0\u00a0\u00a0\nIncome taxes
\nTax expense recognised\nin the income statement comprises the sum of deferred tax and\ncurrent tax not recognised in other comprehensive income or\ndirectly in equity.
\nCurrent income tax\nassets and/or liabilities comprise those obligations to, or claims\nfrom, fiscal authorities relating to the current or prior reporting\nperiods, that are unpaid at the reporting date. Current tax is\npayable on taxable profit, which differs from profit or loss in the\nfinancial statements. Calculation of current tax is based on tax\nrates and tax laws that have been enacted or substantively enacted\nby the end of the reporting period.
\nDeferred income taxes\nare calculated using the liability method on temporary differences\nbetween the carrying amounts of assets and liabilities and their\ntax bases. However, deferred tax is not provided on the initial\nrecognition of an asset or liability unless the related transaction\nis a business combination or affects tax or accounting\nprofit.
\nDeferred tax assets and\nliabilities are calculated, without discounting, at tax rates that\nare expected to apply to their respective period of realisation,\nprovided they are enacted or substantively enacted by the end of\nthe reporting period. Deferred tax liabilities are always provided\nfor in full.
\nDeferred tax assets are\nrecognised to the extent that it is probable that they will be able\nto be utilised against future taxable income.
\nChanges in deferred tax\nassets or liabilities are recognised as a component of tax income\nor expense in the income statement, except where they relate to\nitems that are recognised in other comprehensive income or directly\nin equity, in which case the related deferred tax is also\nrecognised in other comprehensive income or equity,\nrespectively.
\n4.14\u00a0\u00a0 Cash\nand cash equivalents
\nCash and cash\nequivalents comprise demand deposits with bank.
\n4.15\u00a0\u00a0\nEquity
\nShare capital is\ndetermined using the nominal value of shares that have been\nissued.
\nRetained earnings\ninclude all current and prior period results as disclosed in the\nincome statement less dividend distributions. The increase in fair\nvalue of investment properties is not distributable.
\n4.16\u00a0\u00a0\nProvisions
\nProvisions are\nrecognised when present obligations as a result of a past event\nwill probably lead to an outflow of economic resources from the\ngroup and amounts can be estimated reliably. Timing or amount of\nthe outflow may still be uncertain. A present obligation arises\nfrom the presence of a legal or constructive commitment that has\nresulted from past events; for example, product warranties granted,\nlegal disputes or onerous contracts. Restructuring provisions are\nrecognised only if a detailed formal plan for the restructuring has\nbeen developed and implemented, or management has at least\nannounced the plan\u2019s main features to those affected by it.\nProvisions are not recognised for future operating\nlosses.
\nProvisions are measured\nat the estimated expenditure required to settle the present\nobligation, based on the most reliable evidence available at the\nreporting date, including the risks and uncertainties associated\nwith the present obligation. Where there are a number of similar\nobligations, the likelihood that an outflow will be required in\nsettlement is determined by considering the class of obligations as\na whole. Provisions are discounted to their present values, where\nthe time value of money is material.
\nAll provisions are\nreviewed at each reporting date and adjusted to reflect the current\nbest estimate.
\nIn those cases where\nthe possible outflow of economic resources as a result of present\nobligations is considered improbable or remote, no liability is\nrecognised.
\n4.17\u00a0\u00a0 Fair\nvalue measurement
\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date.
\nFor financial reporting\npurposes, fair value measurements are categorised into Level 1, 2\nor 3 based on the degree to which the inputs to the fair value\nmeasurements are observable and the significance of the inputs to\nthe fair value measurement in its entirety, which are described as\nfollows:
\n| \n \u2022 \n | \n\n Level 1 inputs are quoted\nprices (unadjusted) in active markets for identical assets or\nliabilities that the entity can access at the measurement\ndate ; \n | \n
| \n \u2022 \n | \n\n Level 2 inputs are inputs,\nother than quoted prices included within Level 1, that are\nobservable for the asset or liability, either directly or\nindirectly; and \n | \n
| \n \u2022 \n | \n\n Level 3 inputs are\nunobservable inputs for the asset or liability. \n | \n
For assets and\nliabilities that are recognised in the financial statements at fair\nvalue on a recurring basis, the group and company determines when\ntransfers are deemed to have occurred between Levels in the\nhierarchy at the end of each reporting period.
\n4.18\u00a0 Judgements\nin applying accounting policies and key sources of estimation\nuncertainty
\nWhen preparing the\nconsolidated financial statements, management makes a number of\njudgements, estimates and assumptions about the recognition and\nmeasurement of assets, liabilities, income and expenses.
\nExcept as disclosed\nbelow, in the opinion of the director, the accounting estimates and\njudgements made in the course of preparing these consolidated\nfinancial statements are not difficult, subjective or complex to a\ndegree which would warrant their description as critical in terms\nof the requirements of IAS 1 (revised).
\nFair value of\ninvestment property
\nThe group and company\ncarry investment properties at fair value, with changes in fair\nvalue being recognised in the statement of profit or loss as they\narise. This is based on market valuations performed by independent\nprofessional architects. In a year when market valuations are not\nperformed by an independent professional architect, an assessment\nof the fair value of investment properties is performed internally\nto reflect market conditions.
\nThe fair value of\ninvestment properties as at 31 December 2025 is based on a\nvaluation assessment made by an independent professionally\nqualified architect, on the basis of market value. The valuation of\nthe property was based on comparisons of recent sales transactions\ninvolving comparable properties in Malta, together with experience\nof the architect in such valuations and analysis of data available\non the property market.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "QCpyx0ki-u": { "value": "4.2\u00a0\u00a0\u00a0\nBasis for consolidation
\nThe consolidated\nfinancial statements consolidate those of the parent company and\nits direct subsidiary (together referred to as the\n\u2018group\u2019). The subsidiary has a reporting date of 31\nDecember.
\nControl exists when the\ncompany has power over the investee, is exposed or has rights to\nvariable returns from it involvement with the investee and has the\nability to use its power over the investee to affect the amount of\nits returns.\u00a0 In assessing control, potential voting rights\nthat give the company the current ability to direct the\ninvestee\u2019s relevant activities are taken into\naccount.\u00a0
\nThe group re-assesses\nwhether or not it controls an investee if facts and circumstances\nindicate that there are changes to one or more of the three\nelements of control.\u00a0 Consolidation of a subsidiary begins\nwhen the group obtains control over the subsidiary and ceases when\nthe group loses control of the subsidiary.\u00a0 Assets,\nliabilities, income and expenses of a subsidiary acquired or\ndisposed of during the year are included in the consolidated\nfinancial statements from the date the group gains control until\nthe date the group ceases to control the subsidiary.
\nProfit or loss and each\ncomponent of other comprehensive income (OCI) are attributed to the\nequity holders of the parent of the group and to the\nnon-controlling interests, even if this results in the\nnon-controlling interests having a deficit balance.\u00a0 When\nnecessary, adjustments are made to the financial statements of\nsubsidiaries to bring their accounting policies in line with the\ngroup\u2019s accounting policies.\u00a0 All intra-group assets and\nliabilities, equity, income, expenses and cash flows relating to\ntransaction between members of the group are eliminated in full on\nconsolidation.
\nA change in the\nownership interest of a subsidiary, without a loss of control, is\naccounted for as an equity transaction.\u00a0 If the group loses\ncontrol over a subsidiary, it derecognises the related assets\n(including goodwill), liabilities, non-controlling interest and\nother components of equity, while any resultant gain or loss is\nrecognised in profit or loss.\u00a0 Any investment retained is\nrecognised at fair value.
\nIntra-group balances,\ntransactions and unrealised gains and losses on transactions\nbetween the group companies are eliminated on consolidation.\u00a0\nWhere unrealised losses on intra-group asset sales are reversed on\nconsolidation, the underlying asset is also tested for impairment\nfrom the group perspective.\u00a0 Amounts reported in the financial\nstatements of the subsidiary have been adjusted where necessary to\nensure consistency with the accounting policies adopted by the\ngroup.
\nProfit or loss and\nother comprehensive income of subsidiaries acquired or disposed\nduring the year are recognised from the effective date of\nacquisition, or up to the effective date of disposal, as\napplicable.
\nThe consolidated\nfinancial statements have been prepared from the financial\nstatements of the following companies comprising the\ngroup:
\n| \n Name of\ncompany \n | \n\n Nature of\nbusiness \n | \n\n %\nownership \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n HH Finance\nplc \n | \n\n Leasing of Investment\nproperty \n | \n\n - \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n All Round Entertainment\nInd. Ltd. \n | \n\n Leasing of Investment\nproperties \n | \n\n 100 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
The registered office of the\nabove-mentioned companies is situated at 2, St Georges Block A, St\nAugustine Street, St Julians STJ 3310, Malta.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "ep.OWXsOIT": { "value": "4.3\u00a0\u00a0\u00a0\nBusiness combinations under common control
\nA business combination\nunder common control is accounted for by applying the pooling of\ninterests method (predecessor accounting).\u00a0 Under this method,\nthe group has two options of combining the financial statement\nitems:
\n| \n - \n | \n\n Restate the financial\ninformation for prior periods prior to the combination under common\ncontrol to reflect the combination as if it had occurred from the\nbeginning of the earliest period presented; or \n | \n
| \n - \n | \n\n No restatement of\nfinancial information for the periods prior to the combination\nunder common control. \n | \n
The group has opted to\nnot restate the financial information for the prior\nperiods.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "M6InKyIFU2": { "value": "4.4\u00a0\u00a0\u00a0\nRevenue recognition
\nRevenue pertains to\nrental income from the group\u2019s and company\u2019s investment\nproperties.
\nTo determine whether to\nrecognise revenue, the group and company follow a 5-step\nprocess:
\n| \n 1. \n | \n\n Identifying the contract\nwith a customer \n | \n
| \n 2. \n | \n\n Identifying the performance\nobligations \n | \n
| \n 3. \n | \n\n Determining the transaction\nprice \n | \n
| \n 4. \n | \n\n Allocating the transaction\nprice to the performance obligations \n | \n
| \n 5. \n | \n\n Recognising revenue\nwhen/as performance obligation(s) are satisfied. \n | \n
The following specific,\nrecognition criteria must also be met before revenue is\nrecognised.
\nRental\nincome
\nRental income arising\nfrom operating leases is recognised in profit or loss as it is\nearned. When lease payments are entirely variable and calculated as\na fixed percentage of the lessee\u2019s revenue, rental income is\nrecognised in the period in which the underlying revenue is\ngenerated by the lessee. As the lease payments are contingent on\nthe lessee\u2019s revenue, they are not subject to straight-line\nrecognition.
\nThe group and the\ncompany do not have any fixed or minimum lease payments under these\narrangements.
\nInterest\nincome
\nInterest income is\naccrued on a time basis, by reference to the principal outstanding\nand at the effective interest rate applicable.\n
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "WfqD9ZxFmL": { "value": "4.5\u00a0\u00a0\u00a0\nExpense recognition
\nExpenses are recognised\nin the income statement upon utilisation of the service or at the\ndate of their origin.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "amVMK_KZsK": { "value": "4.6\u00a0\u00a0\u00a0\nFinance income and finance costs
\nFinance income and\nfinance costs represent interest charged to/by related companies.\nThese are accounted for on an accrual basis.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "lWzu_xIsXe": { "value": "4.6\u00a0\u00a0\u00a0\nFinance income and finance costs
\nFinance income and\nfinance costs represent interest charged to/by related companies.\nThese are accounted for on an accrual basis.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "Sxxpb_O522": { "value": "4.7\u00a0\u00a0\u00a0 Intangible assets
\nAn acquired intangible\nasset is recognised only if it is probable that the expected future\neconomic benefits that are attributable to the asset will flow to\nthe entity and the cost of the asset can be measured reliably. An\nintangible asset is initially measured at cost, comprising its\npurchase price and any directly attributable cost of preparing the\nasset for its intended use.
\nIntangible assets\nincluding, patents, trademarks and other intellectual property\nrights that are acquired by the group and have finite useful lives\nare measured at cost less accumulated amortisation and any\naccumulated impairment losses.
\nAmortisation is\ncalculated to write off the cost of the intangible asset using the\nstraight-line method over its expected useful life.
\nAmortisation is based\non a useful life of 9 years and is charged to statement of profit\nor loss and other comprehensive income. Amortisation methods,\nuseful lives and residual values are reviewed at each reporting\ndate and adjusted if appropriate.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "gTpxyKrFNZ": { "value": "4.8\u00a0\u00a0\u00a0 Property, plant and equipment
\nItems of property,\nplant and equipment are measured at cost less accumulated\ndepreciation and accumulated impairment losses.
\nCost includes\nexpenditure that is directly attributable to the acquisition of the\nasset and any other costs directly attributable to bringing the\nassets to a working condition for their intended use, and the costs\nof dismantling and removing the items and restoring the site on\nwhich they are located.
\nDepreciation is charged\nto the statement of profit or loss and other comprehensive income\non a straight-line basis over the estimated useful lives of items\nof property, plant and equipment, and major components are\naccounted for separately. The estimated useful lives are as\nfollows:
\nMotor vehicles \u2014\n20% straight line
\nImprovements \u2014\n10% straight line
\nElectrical and plumbing\n\u2014 6.67% straight line
\nFurniture and fixtures\n\u2014 10% straight line
\nGains and losses on the\ndisposal or retirement of an item of property, plant and equipment\nare determined as the difference between the net disposal proceeds\nand the carrying amount at the date of disposal. The gains or\nlosses are recognised in the statement of profit or loss and other\ncomprehensive income as other operating income or other operating\ncosts, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "QIFcuWXS0_": { "value": "4.9\u00a0\u00a0\u00a0\nInvestment in subsidiary
\nInvestment in\nsubsidiary is included in the company\u2019s statement of\nfinancial position at cost less any impairment loss that may have\narisen.\u00a0 Dividend income from investment in subsidiary is\nrecognised to the extent of distributions received from the company\nfrom post-acquisition profits.\u00a0 Distributions received in\nexcess of such profits are regarded as a recovery of the investment\nand are recognised as a reduction of the cost of the\ninvestment.
\nAt the end of each\nreporting period, the company reviews the carrying amount of its\ninvestment in subsidiary to determine whether there is any\nindication of impairment and, if any such indication exists, the\nrecoverable amount of the investment is estimated.\u00a0 An\nimpairment loss is the amount by which the carrying amount of an\ninvestment exceeds its recoverable amount.\u00a0 The recoverable\namount is the higher of fair value less costs to sell and value in\nuse.\u00a0 An impairment loss that has been previously recognised\nis reversed if the carrying amount of the investment exceeds its\nrecoverable amount.
\nAn impairment loss is\nreversed only to the extent that the carrying amount of the\ninvestment does not exceed the carrying amount that would have been\ndetermined if no impairment had been previously recognised.\u00a0\nImpairment losses and reversals are recognised in the statement of\nprofit or loss and other comprehensive income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "w7cfDblQ1F": { "value": "4.10\u00a0\u00a0\nInvestment property
\nInvestment property is\nproperty held to earn rentals or for capital appreciation or both.\nInvestment property is recognised as an asset when it is probable\nthat the future economic benefits that are associated with the\ninvestment property will flow to the entity and the cost can be\nmeasured reliably. Investment property is initially measured at\ncost, including transaction costs. Subsequent to initial\nrecognition, investment property is stated at fair value at the end\nof the reporting period. Investment property is revalued\nperiodically with resulting gains or losses arising from changes in\nthe fair value of investment property are recognised in profit or\nloss in the period in which they arise.
\nInvestment property is\nderecognised on disposal or when it is permanently withdrawn from\nuse and no future economic benefits are expected from its disposal.\nGains or losses on derecognition represent the difference between\nthe net disposal proceeds, if any, and the carrying amount and are\nrecognised in profit or loss in the period of\nderecognition.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "g65dbWnEli": { "value": "4.11\u00a0\u00a0\nFinancial instruments
\nRecognition and\nderecognition
\nFinancial assets and\nfinancial liabilities are recognised when the group and company\nbecome a party to the contractual provisions of the\ninstrument.
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and all\nsubstantial risks and rewards are transferred. A financial\nliability is derecognised when it is extinguished, discharged,\ncancelled or expires.
\nClassification and\ninitial measurement of financial assets
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).
\nFinancial assets are\nclassified into the following categories:
\n| \n \u2022 \n | \n\n amortised\ncost; \n | \n
| \n \u2022 \n | \n\n fair value through\nprofit or loss (FVTPL); or \n | \n
| \n \u2022 \n | \n\n fair value through\nother comprehensive income (FVOCI). \n | \n
In the periods\npresented, the group and company do not have any financial assets\ncategorised at FVTPL and FVOCI.
\nThe classification is\ndetermined by both:
\n| \n \u2022 \n | \n\n the entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n \u2022 \n | \n\n the contractual cash\nflow characteristics of the financial asset. \n | \n
All income and expenses\nrelating to financial assets that are recognised in the statement\nof profit or loss and other comprehensive income are presented\nwithin \u2018finance income\u2019 and \u2018finance\ncosts\u2019, except for impairment of other receivables which is\npresented within \u2018administrative expenses\u2019.
\nSubsequent\nmeasurement of financial assets
\nFinancial assets at\namortised cost
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n| \n \u2022 \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n \u2022 \n | \n\n the contractual terms\nof the financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
After initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial. The group\u2019s and company\u2019s\ncash and cash equivalents and most receivables fall into this\ncategory of financial instruments.
\nImpairment of\nfinancial assets
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss model\u2019 (ECL). Instruments within the scope of the\nrequirement include loans and other receivables.
\nThe group considers a\nbroad range of information when assessing credit risk and measuring\nexpected credit losses, including past events, current conditions\nand reasonable and supportable forecasts that affect the expected\ncollectability of the future cash flows of the\ninstrument.
\nIn applying this\nforward-looking approach, a distinction is made between:
\n| \n \u2022 \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019); and \n | \n
| \n \u2022 \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u201812-month\nexpected credit losses\u2019 are recognised for the first category\nwhile \u2018lifetime expected credit losses\u2019 are recognised\nfor the second category.
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.
\nClassification and\nmeasurement of financial liabilities
\nThe group\u2019s and\ncompany\u2019s financial liabilities include trade and other\npayables, loans payable and debt securities in issue.
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the group and company\ndesignate a financial liability at fair value through profit or\nloss.
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method except for derivatives and financial liabilities\ndesignated at FVTPL, which are carried subsequently at fair value\nwith gains or losses recognised in profit or loss (other than\nderivative financial instruments that are designated and effective\nas hedging instruments).
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in income statement are included within\n\u2018finance costs\u2019 or \u2018finance\nincome\u2019.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "MVuayUXPyj": { "value": "Classification and\ninitial measurement of financial assets
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).
\nFinancial assets are\nclassified into the following categories:
\n| \n \u2022 \n | \n\n amortised\ncost; \n | \n
| \n \u2022 \n | \n\n fair value through\nprofit or loss (FVTPL); or \n | \n
| \n \u2022 \n | \n\n fair value through\nother comprehensive income (FVOCI). \n | \n
In the periods\npresented, the group and company do not have any financial assets\ncategorised at FVTPL and FVOCI.
\nThe classification is\ndetermined by both:
\n| \n \u2022 \n | \n\n the entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n \u2022 \n | \n\n the contractual cash\nflow characteristics of the financial asset. \n | \n
All income and expenses\nrelating to financial assets that are recognised in the statement\nof profit or loss and other comprehensive income are presented\nwithin \u2018finance income\u2019 and \u2018finance\ncosts\u2019, except for impairment of other receivables which is\npresented within \u2018administrative expenses\u2019.
\nSubsequent\nmeasurement of financial assets
\nFinancial assets at\namortised cost
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n| \n \u2022 \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n \u2022 \n | \n\n the contractual terms\nof the financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
After initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial. The group\u2019s and company\u2019s\ncash and cash equivalents and most receivables fall into this\ncategory of financial instruments.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "H-lIbMKYyr": { "value": "Impairment of\nfinancial assets
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss model\u2019 (ECL). Instruments within the scope of the\nrequirement include loans and other receivables.
\nThe group considers a\nbroad range of information when assessing credit risk and measuring\nexpected credit losses, including past events, current conditions\nand reasonable and supportable forecasts that affect the expected\ncollectability of the future cash flows of the\ninstrument.
\nIn applying this\nforward-looking approach, a distinction is made between:
\n| \n \u2022 \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019); and \n | \n
| \n \u2022 \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u201812-month\nexpected credit losses\u2019 are recognised for the first category\nwhile \u2018lifetime expected credit losses\u2019 are recognised\nfor the second category.
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "vwUqmCtucj": { "value": "Classification and\nmeasurement of financial liabilities
\nThe group\u2019s and\ncompany\u2019s financial liabilities include trade and other\npayables, loans payable and debt securities in issue.
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the group and company\ndesignate a financial liability at fair value through profit or\nloss.
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method except for derivatives and financial liabilities\ndesignated at FVTPL, which are carried subsequently at fair value\nwith gains or losses recognised in profit or loss (other than\nderivative financial instruments that are designated and effective\nas hedging instruments).
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in income statement are included within\n\u2018finance costs\u2019 or \u2018finance\nincome\u2019.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "nqeOh77wce": { "value": "4.12\u00a0\u00a0\u00a0\nImpairment testing on property, plant and equipment and investment\nproperty
\nAll assets are tested\nfor impairment, except for investment property measured at fair\nvalue. At the end of each reporting period, the carrying amount of\nassets is reviewed to determine whether there is any indication or\nobjective evidence of impairment, as appropriate, and if any such\nindication or objective evidence exists, the recoverable amount of\nthe asset is estimated.
\nAn impairment loss is\nthe amount by which the carrying amount of an asset exceeds its\nrecoverable amount.
\nIn the case of assets\ntested for impairment, the recoverable amount is the higher of fair\nvalue less costs to sell (which is the amount obtainable from sale\nin arm\u2019s length transaction between knowledgeable, willing\nparties, less the costs of disposal) and value in use (which is the\npresent value of the future cash flows expected to be derived,\ndiscounted using a pre\u2013tax discount rate that reflects\ncurrent market assessment of the time value of money and the risks\nspecific to the asset). Where the recoverable amount is less than\nthe carrying amount, the carrying amount of the asset is reduced to\nits recoverable amount, as calculated. Impairment losses are\nrecognised immediately in profit or loss.
\nIn the case of assets\ntested for impairment, an impairment loss recognised in a prior\nyear is reversed if there has been a change in the estimates used\nto determine the asset\u2019s recoverable amount since the last\nimpairment loss was recognised.
\nWhere an impairment\nloss subsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but so\nthat the increased carrying amount does not exceed the carrying\namount that would have been determined had no impairment loss been\nrecognised for the asset in prior years. Impairment reversals are\nrecognised immediately in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "cec-dfALNo": { "value": "4.13\u00a0\u00a0\u00a0\nIncome taxes
\nTax expense recognised\nin the income statement comprises the sum of deferred tax and\ncurrent tax not recognised in other comprehensive income or\ndirectly in equity.
\nCurrent income tax\nassets and/or liabilities comprise those obligations to, or claims\nfrom, fiscal authorities relating to the current or prior reporting\nperiods, that are unpaid at the reporting date. Current tax is\npayable on taxable profit, which differs from profit or loss in the\nfinancial statements. Calculation of current tax is based on tax\nrates and tax laws that have been enacted or substantively enacted\nby the end of the reporting period.
\nDeferred income taxes\nare calculated using the liability method on temporary differences\nbetween the carrying amounts of assets and liabilities and their\ntax bases. However, deferred tax is not provided on the initial\nrecognition of an asset or liability unless the related transaction\nis a business combination or affects tax or accounting\nprofit.
\nDeferred tax assets and\nliabilities are calculated, without discounting, at tax rates that\nare expected to apply to their respective period of realisation,\nprovided they are enacted or substantively enacted by the end of\nthe reporting period. Deferred tax liabilities are always provided\nfor in full.
\nDeferred tax assets are\nrecognised to the extent that it is probable that they will be able\nto be utilised against future taxable income.
\nChanges in deferred tax\nassets or liabilities are recognised as a component of tax income\nor expense in the income statement, except where they relate to\nitems that are recognised in other comprehensive income or directly\nin equity, in which case the related deferred tax is also\nrecognised in other comprehensive income or equity,\nrespectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "W3UWDkUg8s": { "value": "Deferred income taxes\nare calculated using the liability method on temporary differences\nbetween the carrying amounts of assets and liabilities and their\ntax bases. However, deferred tax is not provided on the initial\nrecognition of an asset or liability unless the related transaction\nis a business combination or affects tax or accounting\nprofit.
\nDeferred tax assets and\nliabilities are calculated, without discounting, at tax rates that\nare expected to apply to their respective period of realisation,\nprovided they are enacted or substantively enacted by the end of\nthe reporting period. Deferred tax liabilities are always provided\nfor in full.
\nDeferred tax assets are\nrecognised to the extent that it is probable that they will be able\nto be utilised against future taxable income.
\nChanges in deferred tax\nassets or liabilities are recognised as a component of tax income\nor expense in the income statement, except where they relate to\nitems that are recognised in other comprehensive income or directly\nin equity, in which case the related deferred tax is also\nrecognised in other comprehensive income or equity,\nrespectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "tWtgCnK3Xy": { "value": "4.14\u00a0\u00a0 Cash\nand cash equivalents
\nCash and cash\nequivalents comprise demand deposits with bank.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "p0AaKcaLA4": { "value": "4.15\u00a0\u00a0\nEquity
\nShare capital is\ndetermined using the nominal value of shares that have been\nissued.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "eJSpnBMg.p": { "value": "Retained earnings\ninclude all current and prior period results as disclosed in the\nincome statement less dividend distributions. The increase in fair\nvalue of investment properties is not distributable.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureAndPurposeOfReservesWithinEquity", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "picCmSB70.": { "value": "4.16\u00a0\u00a0\nProvisions
\nProvisions are\nrecognised when present obligations as a result of a past event\nwill probably lead to an outflow of economic resources from the\ngroup and amounts can be estimated reliably. Timing or amount of\nthe outflow may still be uncertain. A present obligation arises\nfrom the presence of a legal or constructive commitment that has\nresulted from past events; for example, product warranties granted,\nlegal disputes or onerous contracts. Restructuring provisions are\nrecognised only if a detailed formal plan for the restructuring has\nbeen developed and implemented, or management has at least\nannounced the plan\u2019s main features to those affected by it.\nProvisions are not recognised for future operating\nlosses.
\nProvisions are measured\nat the estimated expenditure required to settle the present\nobligation, based on the most reliable evidence available at the\nreporting date, including the risks and uncertainties associated\nwith the present obligation. Where there are a number of similar\nobligations, the likelihood that an outflow will be required in\nsettlement is determined by considering the class of obligations as\na whole. Provisions are discounted to their present values, where\nthe time value of money is material.
\nAll provisions are\nreviewed at each reporting date and adjusted to reflect the current\nbest estimate.
\nIn those cases where\nthe possible outflow of economic resources as a result of present\nobligations is considered improbable or remote, no liability is\nrecognised.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "DpHyea4i-7": { "value": "4.17\u00a0\u00a0 Fair\nvalue measurement
\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date.
\nFor financial reporting\npurposes, fair value measurements are categorised into Level 1, 2\nor 3 based on the degree to which the inputs to the fair value\nmeasurements are observable and the significance of the inputs to\nthe fair value measurement in its entirety, which are described as\nfollows:
\n| \n \u2022 \n | \n\n Level 1 inputs are quoted\nprices (unadjusted) in active markets for identical assets or\nliabilities that the entity can access at the measurement\ndate ; \n | \n
| \n \u2022 \n | \n\n Level 2 inputs are inputs,\nother than quoted prices included within Level 1, that are\nobservable for the asset or liability, either directly or\nindirectly; and \n | \n
| \n \u2022 \n | \n\n Level 3 inputs are\nunobservable inputs for the asset or liability. \n | \n
For assets and\nliabilities that are recognised in the financial statements at fair\nvalue on a recurring basis, the group and company determines when\ntransfers are deemed to have occurred between Levels in the\nhierarchy at the end of each reporting period.
Fair value of\ninvestment property
\nThe group and company\ncarry investment properties at fair value, with changes in fair\nvalue being recognised in the statement of profit or loss as they\narise. This is based on market valuations performed by independent\nprofessional architects. In a year when market valuations are not\nperformed by an independent professional architect, an assessment\nof the fair value of investment properties is performed internally\nto reflect market conditions.
\nThe fair value of\ninvestment properties as at 31 December 2025 is based on a\nvaluation assessment made by an independent professionally\nqualified architect, on the basis of market value. The valuation of\nthe property was based on comparisons of recent sales transactions\ninvolving comparable properties in Malta, together with experience\nof the architect in such valuations and analysis of data available\non the property market.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "tgIEH2YoZk": { "value": "4.18\u00a0 Judgements\nin applying accounting policies and key sources of estimation\nuncertainty\nWhen preparing the\nconsolidated financial statements, management makes a number of\njudgements, estimates and assumptions about the recognition and\nmeasurement of assets, liabilities, income and expenses.\nExcept as disclosed\nbelow, in the opinion of the director, the accounting estimates and\njudgements made in the course of preparing these consolidated\nfinancial statements are not difficult, subjective or complex to a\ndegree which would warrant their description as critical in terms\nof the requirements of IAS 1 (revised).\n Fair value of\ninvestment property\nThe group and company\ncarry investment properties at fair value, with changes in fair\nvalue being recognised in the statement of profit or loss as they\narise. This is based on market valuations performed by independent\nprofessional architects. In a year when market valuations are not\nperformed by an independent professional architect, an assessment\nof the fair value of investment properties is performed internally\nto reflect market conditions.\nThe fair value of\ninvestment properties as at 31 December 2025 is based on a\nvaluation assessment made by an independent professionally\nqualified architect, on the basis of market value. The valuation of\nthe property was based on comparisons of recent sales transactions\ninvolving comparable properties in Malta, together with experience\nof the architect in such valuations and analysis of data available\non the property market.", "dimensions": { "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "luY2m-Q.nm": { "value": "4.18\u00a0 Judgements\nin applying accounting policies and key sources of estimation\nuncertainty
\nWhen preparing the\nconsolidated financial statements, management makes a number of\njudgements, estimates and assumptions about the recognition and\nmeasurement of assets, liabilities, income and expenses.
\nExcept as disclosed\nbelow, in the opinion of the director, the accounting estimates and\njudgements made in the course of preparing these consolidated\nfinancial statements are not difficult, subjective or complex to a\ndegree which would warrant their description as critical in terms\nof the requirements of IAS 1 (revised).
\nFair value of\ninvestment property
\nThe group and company\ncarry investment properties at fair value, with changes in fair\nvalue being recognised in the statement of profit or loss as they\narise. This is based on market valuations performed by independent\nprofessional architects. In a year when market valuations are not\nperformed by an independent professional architect, an assessment\nof the fair value of investment properties is performed internally\nto reflect market conditions.
\nThe fair value of\ninvestment properties as at 31 December 2025 is based on a\nvaluation assessment made by an independent professionally\nqualified architect, on the basis of market value. The valuation of\nthe property was based on comparisons of recent sales transactions\ninvolving comparable properties in Malta, together with experience\nof the architect in such valuations and analysis of data available\non the property market.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "C-4j64Wmzc": { "value": "4.18\u00a0 Judgements\nin applying accounting policies and key sources of estimation\nuncertainty
\nWhen preparing the\nconsolidated financial statements, management makes a number of\njudgements, estimates and assumptions about the recognition and\nmeasurement of assets, liabilities, income and expenses.
\nExcept as disclosed\nbelow, in the opinion of the director, the accounting estimates and\njudgements made in the course of preparing these consolidated\nfinancial statements are not difficult, subjective or complex to a\ndegree which would warrant their description as critical in terms\nof the requirements of IAS 1 (revised).
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "OKIpjv6Suf": { "value": "5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Revenue
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Rental income \n | \n\n | \n 3,475,700 \n | \n\n - \n | \n\n 1,770,443 \n | \n\n 2,070,905 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n 3,475,700 \n | \n\n - \n | \n\n 1,770,443 \n | \n\n 2,070,905 \n | \n
\u00a0
\nRevenue represents\nlease income from related parties and third parties from the lease\nof the investment properties.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "ZC_Iych8OQ": { "value": "6\u00a0\u00a0\u00a0\u00a0\u00a0 Write-off of accrued rental\nincome
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Write-off of accrued rental\nincome \n | \n\n | \n (1,803,855) \n | \n\n - \n | \n\n (1,803,855) \n | \n\n - \n | \n
| \n | \n | \n (1,803,855) \n | \n\n - \n | \n\n (1,803,855) \n | \n\n - \n | \n
\u00a0
\nDuring November 2025, the company amended\nthe rental arrangement for its investment property, changing from a\nfixed monthly rental to a variable rental equal to 10% of the\nlessee\u2019s monthly revenue. As a result of this change, the\nstraight\u2011line recognition of rental income is no longer applicable\nunder IFRS 16. Accordingly, the previously recognised accrued\nrental income was reversed through profit or loss.
", "dimensions": { "concept": "HHFinance:DisclosureOfWriteOffOfAccruedRentalIncome", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "BnNypa1YV8": { "value": "7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Finance\ncosts
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest on debt securities\nin issue \n | \n\n | \n 426,527 \n | \n\n - \n | \n\n 426,527 \n | \n\n 250,000 \n | \n
| \n Interest on related party\nborrowings \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n 679,000 \n | \n
| \n Effective interest\namortisation on related party borrowings \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n 340,786 \n | \n
| \n Interest on overdue tax and\nvat \n | \n\n | \n 19,281 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Other interest \n | \n\n | \n 33,247 \n | \n\n - \n | \n\n 33,159 \n | \n\n - \n | \n
| \n | \n | \n 479,055 \n | \n\n - \n | \n\n 459,686 \n | \n\n 1,269,786 \n | \n
8\u00a0\u00a0\u00a0\u00a0\u00a0 Finance\nincome
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest receivable from\nsubsidiary \n | \n\n | \n - \n | \n\n - \n | \n\n 50,050 \n | \n\n 424,370 \n | \n
| \n | \n | \n - \n | \n\n - \n | \n\n 50,050 \n | \n\n 424,370 \n | \n
9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Profit before\ntax
\nProfit before tax is\nstated after charging:
\n| \n | \n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n \u00a0 \n | \n\n | \n | \n | \n |
| \n Directors\u2019\nremuneration \n | \n\n \u00a0 \n | \n\n 54,509 \n | \n\n - \n | \n\n 54,509 \n | \n\n 51,037 \n | \n
| \n Auditor\u2019s\nremuneration \n | \n\n \u00a0 \n | \n\n 25,000 \n | \n\n - \n | \n\n 13,500 \n | \n\n 8,027 \n | \n
| \n Depreciation and\namortisation \n | \n\n \u00a0 \n | \n\n 42,091 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Tax expense\n(income)
\nThe relationship\nbetween the expected tax expense based on the effective tax rate of\nthe group and company at 35% and the actual tax (expense) income\nrecognised in the statement of profit or loss and other\ncomprehensive income can be reconciled as follows:
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Profit before tax \n | \n\n | \n 65,350,637 \n | \n\n - \n | \n\n 1,733,875 \n | \n\n 1,133,338 \n | \n
| \n Tax rate \n | \n\n | \n 35% \n | \n\n 35% \n | \n\n 35% \n | \n\n 35% \n | \n
| \n Expected tax\nexpense \n | \n\n | \n (22,872,723) \n | \n\n \u00a0 \n | \n\n (606,856) \n | \n\n (3,966,680) \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Tax effect of: \n | \n\n | \n | \n | \n | \n |
| \n Disallowed\nexpenses \n | \n\n | \n (86,651) \n | \n\n - \n | \n\n (41,257) \n | \n\n (148,614) \n | \n
| \n Fair value movement of\ninvestment properties \n | \n\n | \n 22,680,180 \n | \n\n - \n | \n\n 805,000 \n | \n\n - \n | \n
| \n Rental income at\nreduced rate \n | \n\n | \n 264,044 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Deductions on\nmaintenance allowance \n | \n\n | \n 205,210 \n | \n\n - \n | \n\n 123,931 \n | \n\n - \n | \n
| \n Non-taxable\nincome \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n 123,615 \n | \n
| \n Consolidation\nadjustments \n | \n\n \u00a0 \n | \n\n 462,384 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Movement in deferred tax on\nincrease in fair value of investment properties \n | \n\n | \n (7,448,000) \n | \n\n - \n | \n\n (184,000) \n | \n\n - \n | \n
| \n Prior year deferred tax not\nrecognised \n | \n\n | \n 453,832 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Current year deferred tax\nnot recognised \n | \n\n | \n (506,917) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Actual tax (expense)\nincome \n | \n\n | \n (7,773,409) \n | \n\n - \n | \n\n 96,818 \n | \n\n (421,667) \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n | \n |
| \n Disclosed\nas: \n | \n\n | \n | \n | \n | \n |
| \n Current tax\nexpense \n | \n\n | \n (956,758) \n | \n\n - \n | \n\n (350,531) \n | \n\n (314,926) \n | \n
| \n Deferred tax (expense)\nincome \n | \n\n | \n (6,816,651) \n | \n\n - \n | \n\n 447,349 \n | \n\n (106,741) \n | \n
| \n | \n | \n (7,773,409) \n | \n\n - \n | \n\n 96,818 \n | \n\n (421,667) \n | \n
11\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Intangible assets\n\u2013 The group
\n| \n | \n Patent, trademarks\nand\u00a0 other intellectual property \n | \n
| \n | \n \u20ac \n | \n
| \n | \n |
| \n Cost \n | \n\n |
| \n Acquired on acquisition of\nsubsidiary \n | \n\n 7,200,000 \n | \n
| \n At 31 December\n2025 \n | \n\n 7,200,000 \n | \n
| \n | \n |
| \n Amortisation \n | \n\n |
| \n Acquired on acquisition of\nsubsidiary \n | \n\n (466,667) \n | \n
| \n Charge for the\nperiod \n | \n\n (333,333) \n | \n
| \n At 31 December\n2025 \n | \n\n (800,000) \n | \n
| \n | \n |
| \n Carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n 6,400,000 \n | \n
\u00a0
\nThe group acquired\npatents, trademarks and other intellectual property rights from its\nrelated parties, H Operations Ltd and HH Operating Limited, on 15th\nDecember 2024 for \u20ac1,455,534 and \u20ac5,744,466,\nrespectively. No amortisation was charged during the previous\nfinancial year, as these assets were available for use as from 1st\nJanuary 2025. The purchase price value was determined by an\ninternal valuation expert on the basis of the projected income\nstatements of existing operations as at 31 December 2023. The\nvaluation technique used by the valuation expert is the\nMulti-Period Excess Earnings Method (\"MPEEM\") which considers the\npresent value of net cash flows expected to be generated by the\ncustomer relationships, by excluding any cash flows related to\ncontributory assets.
\nThe MPEEM calculation\nwas determined by discounting the forecast future post-tax cash\nflows generated by the related parties for a two-year explicit\nperiod 2024-2025, followed by a terminal-value. The following are\nthe significant unobservable inputs underlying the\nprojections:
\n| \n \u2022 \n | \n\n revenue projections\nfrom currently operating hotels and other catering establishments\nassuming a growth rate of 7% during the projected\nperiod; \n | \n
| \n \u2022 \n | \n\n rental costs normalised\nat 10% of revenue based on management's experience; \n | \n
| \n \u2022 \n | \n\n subsequent to the\nprojection period, revenue is assumed to grow at a rate of 2.4%\np.a. in perpetuity; \n | \n
| \n \u2022 \n | \n\n a post-tax discount\nrate of 14.09% was applied to the post-tax free cash flows arising\nfrom normalised operations; \n | \n
| \n \u2022 \n | \n\n an additional 1.5% risk\npremium pertaining to brand was added to the post-tax discount rate\nto reflect the higher risk attributed to the brand; and \n | \n
| \n \u2022 \n | \n\n tax amortisation\nbenefit arising from amortisation of the brand over a period of\ncirca 9 years. \n | \n
12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Property, plant and\nequipment \u2013 The Group
\n| \n | \n Motor\nVehicle \n | \n\n \u00a0 \nImprovements \n | \n\n Electrical and\nplumbing \n | \n\n Furniture and\nfixtures \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Acquired on acquisition of\nsubsidiary \n | \n\n 692,781 \n | \n\n - \n | \n\n 41,843 \n | \n\n 807,118 \n | \n\n 1,541,742 \n | \n
| \n Additions \n | \n\n - \n | \n\n 39,971 \n | \n\n - \n | \n\n - \n | \n\n 39,971 \n | \n
| \n At 31 December\n2025 \n | \n\n 692,781 \n | \n\n 39,971 \n | \n\n 41,843 \n | \n\n 807,118 \n | \n\n 1,581,713 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Depreciation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Acquired on acquisition of\nsubsidiary \n | \n\n (692,781) \n | \n\n - \n | \n\n (32,791) \n | \n\n (767,399) \n | \n\n (1,492,971) \n | \n
| \n Charge for the\nperiod \n | \n\n - \n | \n\n (3,997) \n | \n\n (2,785) \n | \n\n (35,309) \n | \n\n (42,091) \n | \n
| \n At 31 December\n2025 \n | \n\n (692,781) \n | \n\n (3,997) \n | \n\n (35,576) \n | \n\n (802,708) \n | \n\n (1,535,062) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n\n 35,974 \n | \n\n 6,267 \n | \n\n 4,410 \n | \n\n 46,651 \n | \n
13\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investment in\nsubsidiary \u2013 the Company
\n| \n | \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Cost \n | \n\n | \n | \n | \n | \n |
| \n At 31 December\n2025 \n | \n\n | \n | \n | \n 67,153,009 \n | \n\n - \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
14\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investment\nproperties
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Fair value \n | \n\n | \n | \n | \n | \n |
| \n Opening balance \n | \n\n | \n - \n | \n\n - \n | \n\n 42,700,000 \n | \n\n 42,700,000 \n | \n
| \n Amount taken over on\nacquisition \n | \n\n \u00a0 \n | \n\n 42,700,000 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Acquired on acquisition of\nsubsidiary \n | \n\n | \n 21,214,538 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Investment property acquired\nfrom related party \n | \n\n | \n 7,133,720 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Reclassified to property,\nplant and equipment \n | \n\n | \n (48,772) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Change in fair\nvalue \n | \n\n | \n 64,800,514 \n | \n\n - \n | \n\n 2,300,000 \n | \n\n - \n | \n
| \n | \n | \n 135,800,000 \n | \n\n - \n | \n\n 45,000,000 \n | \n\n 42,700,000 \n | \n
\u00a0
\nDuring the year, the group acquired the\nrestaurants and bars from Hugo\u2019s Hotel Limited, a related\nparty under common control. The consideration for the acquisition\namounted to \u20ac 7,133,720.\u00a0
\nThe company\u2019s investment property\nis a hotel which is being leased out to a fellow subsidiary and\ncarried at fair value. Rental income from investment property for\nthe year ended 31 December 2025 amounted to \u20ac1,770,443 (2024:\n\u20ac2,070,905). The Company has not incurred direct operating\nexpenses arising from its investment property.
\nThe subsidiary\u2019s investment\nproperties consist of various establishments in the entertainment\nbusiness which are leased to third parties.\u00a0 Rental income\nfrom these investment properties for the year ended 31 December\namounted to \u20ac3,475,700. The Company has not incurred direct\noperating expenses arising from its investment property.
\nValuation techniques\nand inputs
\nThe Group\u2019s\ninvestment properties were revalued by an independent architect in\nthe current year.\u00a0It is the Group\u2019s policy to revalue\nits investment properly every three years.\u00a0The architect is\nqualified and has experience in valuation of properties. The\nvaluations conform to the standards and general guidelines issued\nby the Royal Institute of Chartered Surveyors (RICS) and the\nInternational Valuation Standards (IVS) and are in accordance with\nthe local KTP Valuation Standards (2012), which are aligned with\nthe TEGoVA European Valuations Standards.
\nThe fair value of H\nHotel, Hugo\u2019s Boutique Hotel and Havana Complex was\ndetermined using an\u00a0income approach, specifically\na\u00a0discounted cash flow (DCF) methodology, which estimates the\npresent value of expected future net cash flows over a defined\nholding period, including a terminal value. Future cash flows were\nprojected based on estimated as follows:
\nH Hotel and\nHugo\u2019s Boutique hotel: expected operating profit to be\ngenerated from the hotels which was based on historical results,\nanticipated growth rates and expected operating and recurring\ncapital expenditure, and were discounted using a pre-tax\nmarket\u2011derived discount rate reflecting the time value of money and\nrisks specific to the asset. The terminal value was calculated by\ncapitalising the stabilised net income using an appropriate\ncapitalisation rate.
\nHavana Complex: market\nrental income, anticipated growth rates and expected operating and\ncapital expenditure, and were discounted using a pre-tax\nmarket\u2011derived discount rate reflecting the time value of money and\nrisks specific to the asset. The terminal value was calculated by\ncapitalising the stabilised net income using an appropriate\ncapitalisation rate.
\nThe Level 2 fair value\nof the other investment properties held by the Group and the\nCompany has been determined using either an income approach or the\nmarket approach. In the income approach the existing rental income\nwas capped at an appropriate market yield, whilst in the market\napproach, comparable properties were identified, an appropriate\nprice per square metre was computed and applied to the respective\ninvestment properties in order to estimate their fair\nvalue\u00a0
\nThe most significant\nunobservable inputs used in the valuations are the\u00a0discount\nrate,\u00a0capitalisation (exit) rate or market yield,\u00a0market\nrental values\u00a0or operating profit, and\u00a0long\u2011term rental\ngrowth rates. These inputs reflect management\u2019s assessment of\ncurrent market conditions, property\u2011specific risk characteristics,\nlocation, tenant profile, hotel operations and lease structures in\nplace. Changes in these assumptions, particularly the discount rate\nand capitalisation rate, would result in a material change in the\nfair value of the investment properties.
\nThe table below\nsummarises the significant unobservable inputs applied across the\nGroup\u2019s property valuations as at the reporting\ndate
\n| \n Unobservable\ninput \n | \n\n Range\napplied \n | \n
| \n Discount\nrate \n | \n\n 8.25% to\n9.25% \n | \n
| \n Capitalisation / exit\nrate \n | \n\n 5.25% to\n6.25% \n | \n
| \n Market yield \n | \n\n 5.35% to 6% \n | \n
| \n Market rental\nvalues \n | \n\n Existing contracts or\nmarket rental prices for non-operational properties \n | \n
| \n Hotel income \n | \n\n Existing\nGOPAR \n | \n
| \n Long\u2011term rental growth\nrate \n | \n\n 3% \n | \n
| \n Ongoing capital\nexpenditure assumptions (on H Hotel, Hugo\u2019s Boutique and\nHavana complex) \n | \n\n 4% of\nrevenue \n | \n
| \n Capital expenditure (on\nH Hotel, Hugo\u2019s Boutique and Havana complex) \n | \n\n Eur16.5 million in\ninitial capital expenditure and refurbishment \n | \n
The fair value\nmeasurements are\u00a0most sensitive to changes in the discount\nrate and exit capitalisation rate.
\n| \n \u2022 \n | \n\n An\u00a0increase in the\ndiscount rate\u00a0or\u00a0exit yield\u00a0would result in\na\u00a0decrease in fair value \n | \n
| \n \u2022 \n | \n\n Conversely,\na\u00a0decrease in the discount rate\u00a0or\u00a0exit yield, or\nan\u00a0increase in assumed market rents or growth rates, would\nresult in a\u00a0higher fair value. \n | \n
\u00a0
\nDetails of the\ninvestment property and the information about the fair value\nhierarchy as at 31 December 2025 are as follows:
\n| \n The Group \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n Type of\nproperty \n | \n\n | \n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Properties used for\nleasing \n | \n\n | \n - \n | \n\n 135,800,000 \n | \n\n - \n | \n\n 135,800,000 \n | \n
| \n Total \n | \n\n | \n - \n | \n\n 135,800,000 \n | \n\n - \n | \n\n 135,800,000 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n The\nCompany \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n Type of\nproperty \n | \n\n | \n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Properties used for\nleasing \n | \n\n | \n - \n | \n\n 45,000,000 \n | \n\n - \n | \n\n 45,000,000 \n | \n
| \n Total \n | \n\n | \n - \n | \n\n 45,000,000 \n | \n\n - \n | \n\n 45,000,000 \n | \n
\u00a0
\nDetails of the\ninvestment property and the information about the fair value\nhierarchy as at 31 December 2024 are as follows:
\n| \n The Group \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n Type of\nproperty \n | \n\n | \n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Properties used for\nleasing \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Total \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n | \n | \n | \n |
| \n The\nCompany \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n Type of\nproperty \n | \n\n | \n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Properties used for\nleasing \n | \n\n | \n - \n | \n\n 42,700,000 \n | \n\n - \n | \n\n 42,700,000 \n | \n
| \n Total \n | \n\n | \n - \n | \n\n 42,700,000 \n | \n\n - \n | \n\n 42,700,000 \n | \n
\u00a0
\nThe different levels in\nthe fair value hierarchy have been defined in note 4.17. The group\nand company\u2019s policy is to recognise transfers into and out\nof fair value hierarchy levels as of the date of the event or\nchange in circumstances that caused the transfer. There were no\ntransfers between levels during the year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "V869DLqVoY": { "value": "15\u00a0\u00a0\u00a0\u00a0\u00a0 Loans receivable \u2013\nthe Company
\n| \n | \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Loans to related\nparty \n | \n\n | \n | \n | \n - \n | \n\n 10,736,587 \n | \n
| \n Loans to\nsubsidiary \n | \n\n | \n | \n | \n 15,823,403 \n | \n\n - \n | \n
| \n | \n | \n | \n | \n 15,823,403 \n | \n\n 10,736,587 \n | \n
\u00a0
\nIn 2025, the total\nloans to subsidiary are unsecured and interest-free. The subsidiary\nhas the right to defer the settlement of the full amount at least\ntwelve months after the end of the reporting period.
\n15\u00a0\u00a0\u00a0\u00a0\u00a0 Loans receivable \u2013\nthe Company
\n| \n | \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Loans to related\nparty \n | \n\n | \n | \n | \n - \n | \n\n 10,736,587 \n | \n
| \n Loans to\nsubsidiary \n | \n\n | \n | \n | \n 15,823,403 \n | \n\n - \n | \n
| \n | \n | \n | \n | \n 15,823,403 \n | \n\n 10,736,587 \n | \n
\u00a0
\nIn 2025, the total\nloans to subsidiary are unsecured and interest-free. The subsidiary\nhas the right to defer the settlement of the full amount at least\ntwelve months after the end of the reporting period.
\n20\u00a0\u00a0\u00a0\u00a0\u00a0 Long term\nborrowings
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts owed to immediate\nparent company \n | \n\n \u00a0 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 25,835,431 \n | \n
\u00a0
\nIn 2024, the amounts\nowed to the immediate parent company which were in relation to the\nacquisition of the investment property were unsecured.\u00a0 An\namount of \u20ac16,975,000 was subject to 4% interest per annum\naccruing from 30 January 2019, and the remaining \u20ac10,000,000\nwas interest\u2011free. The amount was repayable upon the lapse of 90\ndays from 30 January 2028. For the \u20ac10,000,000, however, the\ncompany had the option to either repay the amount in cash or to\ncapitalise the debt through the allotment of a fresh issue of\n10,000,000 ordinary shares of a nominal value of \u20ac1 each. The\ncarrying amount as at 31 December 2024 is net of the discounting of\n\u20ac1,139,569 based on a discount rate of 4% per annum. On 19\nSeptember 2025, the parties agreed that the interest on the balance\nwould stop accruing as at 31 December 2024 onwards.
22\u00a0\u00a0\u00a0\u00a0\u00a0 Subordinated\nloans
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts owed to immediate\nparent company \n | \n\n \u00a0 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n\n - \n | \n
\u00a0
\nIn 2025, the total\namount owed to the immediate parent company are unsecured and\ninterest-free. The company has the right to defer the settlement of\nthe full amount at least twelve months after the end of the\nreporting period.
26\u00a0\u00a0\u00a0\u00a0 Related parties
\nThe group and company\nhave related party relationships with companies under common\ncontrol and over which the directors exercise significant\ninfluence.\u00a0 Directors and key management personnel are also\nconsidered to be related parties. Transactions are carried out with\nrelated parties on a regular basis and in the ordinary course of\nthe business. The following are the transactions with related\nparties during the year:
\n| \n The Group \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n |
| \n Rental Income\nfrom \n | \n\n | \n |
| \n Company under common\ncontrol \n | \n\n 2,459,593 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Royalty fee income\nfrom \n | \n\n | \n |
| \n Company under common\ncontrol \n | \n\n 478,213 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Loan payable\nto \n | \n\n | \n |
| \n Immediate parent\ncompany \n | \n\n 88,459,313 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Remuneration payable\nto \n | \n\n | \n |
| \n Directors \n | \n\n 54,509 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n |
| \n The\nCompany \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n |
| \n Rental Income\nfrom \n | \n\n | \n |
| \n Fellow subsidiary\ncompany \n | \n\n 1,770,443 \n | \n\n 2,070,905 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest\nincome/(expense) \n | \n\n | \n |
| \n Fellow subsidiary\ncompany \n | \n\n - \n | \n\n 424,370 \n | \n
| \n Subsidiary \n | \n\n 50,050 \n | \n\n - \n | \n
| \n | \n - \n | \n\n (679,000) \n | \n
| \n | \n | \n |
| \n Loans (payable to)\nreceivable from \n | \n\n | \n |
| \n Fellow subsidiary \n | \n\n 1,087,001 \n | \n\n (1,537,116) \n | \n
| \n Subsidiary \n | \n\n 15,823,403 \n | \n\n - \n | \n
| \n Immediate parent\ncompany \n | \n\n (88,459,313) \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Remuneration payable\nto \n | \n\n | \n |
| \n Directors \n | \n\n 54,509 \n | \n\n 51,037 \n | \n
\u00a0
\nOutstanding balances\nwith related parties at year-end are disclosed in notes 15, 16, 19,\n20, and 22 to these financial statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "TFaAiBTqtC": { "value": "15\u00a0\u00a0\u00a0\u00a0\u00a0 Loans receivable \u2013\nthe Company
\n| \n | \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Loans to related\nparty \n | \n\n | \n | \n | \n - \n | \n\n 10,736,587 \n | \n
| \n Loans to\nsubsidiary \n | \n\n | \n | \n | \n 15,823,403 \n | \n\n - \n | \n
| \n | \n | \n | \n | \n 15,823,403 \n | \n\n 10,736,587 \n | \n
\u00a0
\nIn 2025, the total\nloans to subsidiary are unsecured and interest-free. The subsidiary\nhas the right to defer the settlement of the full amount at least\ntwelve months after the end of the reporting period.
\n20\u00a0\u00a0\u00a0\u00a0\u00a0 Long term\nborrowings
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts owed to immediate\nparent company \n | \n\n \u00a0 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 25,835,431 \n | \n
\u00a0
\nIn 2024, the amounts\nowed to the immediate parent company which were in relation to the\nacquisition of the investment property were unsecured.\u00a0 An\namount of \u20ac16,975,000 was subject to 4% interest per annum\naccruing from 30 January 2019, and the remaining \u20ac10,000,000\nwas interest\u2011free. The amount was repayable upon the lapse of 90\ndays from 30 January 2028. For the \u20ac10,000,000, however, the\ncompany had the option to either repay the amount in cash or to\ncapitalise the debt through the allotment of a fresh issue of\n10,000,000 ordinary shares of a nominal value of \u20ac1 each. The\ncarrying amount as at 31 December 2024 is net of the discounting of\n\u20ac1,139,569 based on a discount rate of 4% per annum. On 19\nSeptember 2025, the parties agreed that the interest on the balance\nwould stop accruing as at 31 December 2024 onwards.
22\u00a0\u00a0\u00a0\u00a0\u00a0 Subordinated\nloans
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts owed to immediate\nparent company \n | \n\n \u00a0 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n\n - \n | \n
\u00a0
\nIn 2025, the total\namount owed to the immediate parent company are unsecured and\ninterest-free. The company has the right to defer the settlement of\nthe full amount at least twelve months after the end of the\nreporting period.
26\u00a0\u00a0\u00a0\u00a0 Related parties
\nThe group and company\nhave related party relationships with companies under common\ncontrol and over which the directors exercise significant\ninfluence.\u00a0 Directors and key management personnel are also\nconsidered to be related parties. Transactions are carried out with\nrelated parties on a regular basis and in the ordinary course of\nthe business. The following are the transactions with related\nparties during the year:
\n| \n The Group \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n |
| \n Rental Income\nfrom \n | \n\n | \n |
| \n Company under common\ncontrol \n | \n\n 2,459,593 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Royalty fee income\nfrom \n | \n\n | \n |
| \n Company under common\ncontrol \n | \n\n 478,213 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Loan payable\nto \n | \n\n | \n |
| \n Immediate parent\ncompany \n | \n\n 88,459,313 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Remuneration payable\nto \n | \n\n | \n |
| \n Directors \n | \n\n 54,509 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n |
| \n The\nCompany \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n |
| \n Rental Income\nfrom \n | \n\n | \n |
| \n Fellow subsidiary\ncompany \n | \n\n 1,770,443 \n | \n\n 2,070,905 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest\nincome/(expense) \n | \n\n | \n |
| \n Fellow subsidiary\ncompany \n | \n\n - \n | \n\n 424,370 \n | \n
| \n Subsidiary \n | \n\n 50,050 \n | \n\n - \n | \n
| \n | \n - \n | \n\n (679,000) \n | \n
| \n | \n | \n |
| \n Loans (payable to)\nreceivable from \n | \n\n | \n |
| \n Fellow subsidiary \n | \n\n 1,087,001 \n | \n\n (1,537,116) \n | \n
| \n Subsidiary \n | \n\n 15,823,403 \n | \n\n - \n | \n
| \n Immediate parent\ncompany \n | \n\n (88,459,313) \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Remuneration payable\nto \n | \n\n | \n |
| \n Directors \n | \n\n 54,509 \n | \n\n 51,037 \n | \n
\u00a0
\nOutstanding balances\nwith related parties at year-end are disclosed in notes 15, 16, 19,\n20, and 22 to these financial statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "XY42JAkVfe": { "value": "16\u00a0\u00a0\u00a0\u00a0\u00a0 Trade and other\nreceivables
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n Accrued income \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n 1,803,855 \n | \n
| \n | \n | \n \u00a0 \n | \n\n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade receivables \n | \n\n | \n 119,101 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Intercompany\nreceivables \n | \n\n | \n | \n | \n - \n | \n\n - \n | \n
| \n Amounts due from fellow\nsubsidiaries \n | \n\n | \n 6,240,697 \n | \n\n - \n | \n\n 1,087,001 \n | \n\n 278,068 \n | \n
| \n Amounts due from\nultimate beneficial owner \n | \n\n | \n 31,327 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Amounts due from\nrelated companies \n | \n\n | \n 42,551 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Accrued income \n | \n\n | \n 130,649 \n | \n\n - \n | \n\n - \n | \n\n 292,000 \n | \n
| \n Financial assets at\namortised cost \n | \n\n | \n 6,564,325 \n | \n\n | \n 1,087,001 \n | \n\n 570,068 \n | \n
| \n Prepayments \n | \n\n | \n 49,635 \n | \n\n - \n | \n\n 19,635 \n | \n\n 2,704 \n | \n
| \n | \n | \n 6,613,960 \n | \n\n - \n | \n\n 1,106,636 \n | \n\n 572,772 \n | \n
\u00a0
\nThe group\u2019s\nexpected credit loss is presented below:
\n| \n | \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n At 31 December \n | \n\n | \n | \n | \n 14,871 \n | \n\n - \n | \n
\u00a0
\nThe group continuously\nmonitors defaults of customers and other counterparties and\nincorporates this information into its credit risk controls. The\ngroup\u2019s policy is to deal only with creditworthy\ncounterparties.
\nThe group\u2019s\nmanagement considers that all the above financial assets that are\nnot impaired or past due for each reporting dates under review are\nof good credit quality.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "h8w-_aA_W9": { "value": "17\u00a0\u00a0\u00a0\u00a0 Cash and cash\nequivalents
\nCash and cash\nequivalents included in the consolidated statement of cash flows\nreconcile to the amounts shown in the consolidated statement of\nfinancial position as follows:
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Cash on hand and at\nbank \n | \n\n | \n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Cash and cash equivalents\nin the statements of cash flows \n | \n\n | \n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
\u00a0
\nThe group did not have\nrestrictions on its cash in bank balances at year-end\n.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "mSBpRkfYPD": { "value": "18\u00a0\u00a0\u00a0\u00a0\u00a0 Share capital \u2013 the\nCompany
\n| \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Authorised, issued and\nfully paid up \n | \n\n | \n |
| \n 249,999 (2024:149,999)\nordinary A shares of \u20ac1 each \n | \n\n 249,999 \n | \n\n 149,999 \n | \n
| \n 1 ordinary B share of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n 250,000 \n | \n\n 150,000 \n | \n
\u00a0
\nIn September 2025, the\nCompany has increased its share capital by an amount of\n\u20ac 100,000 with a\nnominal value of \u20ac\n1 per ordinary A shares. All ordinary shares\nrank equally in all respects except that the holder of the Ordinary\nA shares is entitled to one vote in general meetings of the company\nwhilst the holder of the Ordinary B share is not entitled to any\nvote in respect of the share.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "TFx.QJEvse": { "value": "18\u00a0\u00a0\u00a0\u00a0\u00a0 Share capital \u2013 the\nCompany
\n| \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Authorised, issued and\nfully paid up \n | \n\n | \n |
| \n 249,999 (2024:149,999)\nordinary A shares of \u20ac1 each \n | \n\n 249,999 \n | \n\n 149,999 \n | \n
| \n 1 ordinary B share of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n 250,000 \n | \n\n 150,000 \n | \n
\u00a0
\nIn September 2025, the\nCompany has increased its share capital by an amount of\n\u20ac 100,000 with a\nnominal value of \u20ac\n1 per ordinary A shares. All ordinary shares\nrank equally in all respects except that the holder of the Ordinary\nA shares is entitled to one vote in general meetings of the company\nwhilst the holder of the Ordinary B share is not entitled to any\nvote in respect of the share.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "kSi0fpem3R": { "value": "18\u00a0\u00a0\u00a0\u00a0\u00a0 Share capital \u2013 the\nCompany
\n| \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Authorised, issued and\nfully paid up \n | \n\n | \n |
| \n 249,999 (2024:149,999)\nordinary A shares of \u20ac1 each \n | \n\n 249,999 \n | \n\n 149,999 \n | \n
| \n 1 ordinary B share of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n 250,000 \n | \n\n 150,000 \n | \n
\u00a0
\nIn September 2025, the\nCompany has increased its share capital by an amount of\n\u20ac 100,000 with a\nnominal value of \u20ac\n1 per ordinary A shares. All ordinary shares\nrank equally in all respects except that the holder of the Ordinary\nA shares is entitled to one vote in general meetings of the company\nwhilst the holder of the Ordinary B share is not entitled to any\nvote in respect of the share.
", "dimensions": { "concept": "ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "zpudibFZwZ": { "value": "18.1\u00a0\u00a0\u00a0\u00a0 Earnings per share \u2013 the\nCompany
\nThe earnings per share\nhas been calculated on the company\u2019s profit for the year\ndivided by the number of shares in issue as at year end.
\n| \n | \n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Profit for the financial\nyear \n | \n\n \u20ac\n1,947,545 \n | \n\n \u20ac\n711,671 \n | \n
| \n Weighted average number of\nshares in issue \n | \n\n 249,999 \n | \n\n 149,999 \n | \n
| \n Earnings per\nshare \n | \n\n \u20ac\n7.79 \n | \n\n \u20ac\n4.74 \n | \n
19\u00a0\u00a0\u00a0\u00a0\u00a0 Trade and other\npayables
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Accrued interest \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n 4,017,417 \n | \n
| \n Rental deposit received in\nadvance \n | \n\n | \n 114,092 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n 114,092 \n | \n\n - \n | \n\n - \n | \n\n 4,017,417 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade payables \n | \n\n | \n 113,178 \n | \n\n - \n | \n\n 99,666 \n | \n\n - \n | \n
| \n Amount due to related party\n(i) \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n 435 \n | \n
| \n Accruals \n | \n\n | \n 301,569 \n | \n\n - \n | \n\n 267,892 \n | \n\n 180,457 \n | \n
| \n Other payables \n | \n\n | \n 37,192 \n | \n\n - \n | \n\n 36,635 \n | \n\n 1,063 \n | \n
| \n Financial\nliabilities \n | \n\n | \n 451,939 \n | \n\n | \n 404,193 \n | \n\n 181,955 \n | \n
| \n VAT and other tax\npayable \n | \n\n | \n 687,367 \n | \n\n - \n | \n\n 163,403 \n | \n\n 176,488 \n | \n
| \n Total trade and other\npayables \n | \n\n | \n 1,139,306 \n | \n\n - \n | \n\n 567,596 \n | \n\n 358,443 \n | \n
\u00a0
\n(i) Amount due to\nrelated party was unsecured, interest\u2011free and repayable on\ndemand.
\nThe carrying value of\nfinancial liabilities is considered a reasonable approximation of\nfair value.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "SOYQ0G3l6D": { "value": "20\u00a0\u00a0\u00a0\u00a0\u00a0 Long term\nborrowings
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts owed to immediate\nparent company \n | \n\n \u00a0 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 25,835,431 \n | \n
\u00a0
\nIn 2024, the amounts\nowed to the immediate parent company which were in relation to the\nacquisition of the investment property were unsecured.\u00a0 An\namount of \u20ac16,975,000 was subject to 4% interest per annum\naccruing from 30 January 2019, and the remaining \u20ac10,000,000\nwas interest\u2011free. The amount was repayable upon the lapse of 90\ndays from 30 January 2028. For the \u20ac10,000,000, however, the\ncompany had the option to either repay the amount in cash or to\ncapitalise the debt through the allotment of a fresh issue of\n10,000,000 ordinary shares of a nominal value of \u20ac1 each. The\ncarrying amount as at 31 December 2024 is net of the discounting of\n\u20ac1,139,569 based on a discount rate of 4% per annum. On 19\nSeptember 2025, the parties agreed that the interest on the balance\nwould stop accruing as at 31 December 2024 onwards.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "Qzu7ZJ1I2-": { "value": "21\u00a0\u00a0\u00a0\u00a0\u00a0 Debt securities in issue\n\u2013 the Group and the Company
\n| \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Nominal\nvalue \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 5% unsecured bonds\nredeemable 2028 (i) \n | \n\n - \n | \n\n 5,000,000 \n | \n
| \n | \n \u00a0 \n | \n\n |
| \n Nominal\nvalue \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 5.2% secured bonds\nredeemable 2035 (ii) \n | \n\n 24,129,700 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n |
| \n Bond issue cost \n | \n\n 619,550 \n | \n\n - \n | \n
| \n Accumulated\namortisation \n | \n\n (10,863) \n | \n\n - \n | \n
| \n Closing net book\namount \n | \n\n 608,687 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortised cost at 31\nDecember \n | \n\n 23,521,013 \n | \n\n 5,000,000 \n | \n
\u00a0
\n( i) In 2018, the company issued an aggregate principal amount\nof \u20ac5,000,000 unsecured bonds, having a nominal value of\n\u20ac100 each, bearing an interest rate of 5% per annum. The bonds\nare redeemable on 19 May 2028. However, between 19 May 2023 and 19\nMay 2028, the company has the option to repay all or part of the\nprincipal amount of the bonds and all accrued interest up to the\ndate of the repayment by giving 30 day prior written notice of such\nrepayment. In October 2025, the company redeemed \u20ac909,400 of\nthe bonds, with the remaining \u20ac4,090,600 being refinanced\nthrough the issuance of new bonds.
\n(ii) On 28 October\n2025, the company issued an aggregate principal amount of\n\u20ac24,129,700 secured bonds, having a nominal value of \u20ac100\neach, bearing an interest rate of 5.2% per annum. The bonds are\nredeemable on 28 October 2035. The carrying amount is reduced by\nthe bond issue costs which are being amortised over the lifetime of\nthe bonds. The bonds are listed on the Official Companies List of\nthe Malta Stock Exchange.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "haN0IJQzE5": { "value": "22\u00a0\u00a0\u00a0\u00a0\u00a0 Subordinated\nloans
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts owed to immediate\nparent company \n | \n\n \u00a0 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n\n - \n | \n
\u00a0
\nIn 2025, the total\namount owed to the immediate parent company are unsecured and\ninterest-free. The company has the right to defer the settlement of\nthe full amount at least twelve months after the end of the\nreporting period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "u3X3FU6RPy": { "value": "23\u00a0\u00a0\u00a0\u00a0\u00a0 Deferred tax\nliabilities
\nDeferred taxes are\ncalculated on all temporary differences under the liability method\nusing a principal tax rate of 35% (2024: 35%), with the exception\nof deferred taxation on fair value gains attributable to investment\nproperty which is computed utilising a tax rate of 8% (2024: 8%) on\nthe basis applicable to property disposals. The movement on the\ndeferred income tax account is analysed as follows:
\nThe balance represents\ntemporary differences attributable to:
\n| \n \u00a0 \n | \n\n 1\nJanuary \n2025 \n | \n\n Amount \ntaken over on\nacquisition \n | \n\n Recognised\nin \nprofit or\nloss \n | \n\n 31 December\n2025 \n | \n
| \n The Group \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accrued income \n | \n\n - \n | \n\n 830,875 \n | \n\n (631,349) \n | \n\n 199,526 \n | \n
| \n Fair value of investment\nproperty \n | \n\n - \n | \n\n 3,416,000 \n | \n\n 7,448,000 \n | \n\n 10,864,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n - \n | \n\n 4,246,875 \n | \n\n 6,816,651 \n | \n\n 11,063,526 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 1\nJanuary \n | \n\n Recognised\nin \n | \n\n 31\nDecember \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n profit or\nloss \n | \n\n 2025 \n | \n
| \n The\nCompany \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accrued income \n | \n\n \u00a0 \n | \n\n 830,875 \n | \n\n (631,349) \n | \n\n 199,526 \n | \n
| \n Fair value of investment\nproperty \n | \n\n \u00a0 \n | \n\n 3,416,000 \n | \n\n 184,000 \n | \n\n 3,600,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n \u00a0 \n | \n\n 4,246,875 \n | \n\n (447,349) \n | \n\n 3,799,526 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n The balance as at 31\nDecember 2024 represents temporary differences attributable\nto: \n\u00a0 \n | \n||||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 1\nJanuary \n | \n\n Recognised\nin \n | \n\n 31\nDecember \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2024 \n | \n\n profit or\nloss \n | \n\n 2024 \n | \n
| \n The\nCompany \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accrued income \n | \n\n \u00a0 \n | \n\n 724,134 \n | \n\n 106,741 \n | \n\n 830,875 \n | \n
| \n Fair value of investment\nproperty \n | \n\n \u00a0 \n | \n\n 3,416,000 \n | \n\n - \n | \n\n 3,416,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total \n | \n\n \u00a0 \n | \n\n 4,140,134 \n | \n\n 106,741 \n | \n\n 4,246,875 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Movements in deferred\ntax attributable to temporary differences arising on changes in\nfair value of accrued income and investment properties are\nrecognised in profit or loss.
\nThe recognised deferred\ntax liability is not expected to be settled before at least twelve\nmonths from the end of the reporting period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "rIabI7QN1P": { "value": "24\u00a0\u00a0\u00a0\nProvisions for liabilities and charges \u2013 the Group
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Legal\nproceedings \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Balance at 31 December\n2025 \n | \n\n \u00a0 \n | \n\n 555,292 \n | \n
\u00a0
\nThe group is involved\nin two legal proceedings for which judgements have been issued\nduring the current financial year. The total provision recognised\namounts to \u20ac555,292 based on the current legal rulings and\nthese amounts were fully settled during the 2026.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "U3Udr-ljXK": { "value": "25\u00a0\u00a0\u00a0\u00a0 Cash flow adjustments and net\nchanges in working capital
\nThe following non-cash\nflow adjustments and adjustments for changes in working capital\nhave been made to loss before tax to arrive at operating cash\nflow:
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n \u00a0 \n | \n\n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Adjustments: \n | \n\n | \n | \n | \n | \n |
| \n Depreciation on property,\nplant and equipment\u00a0 \n | \n\n | \n 42,091 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Amortisation on intangible\nassets\u00a0 \n | \n\n | \n 333,333 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Amortisation of bond issue\ncosts \n | \n\n | \n 10,863 \n | \n\n - \n | \n\n 10,863 \n | \n\n - \n | \n
| \n Movement in legal\nprovision \n | \n\n | \n 109,580 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Interest income \n | \n\n | \n - \n | \n\n - \n | \n\n (50,050) \n | \n\n (424,370) \n | \n
| \n Interest expense \n | \n\n | \n 479,055 \n | \n\n - \n | \n\n 459,686 \n | \n\n 1,269,786 \n | \n
| \n Increase in fair value of\ninvestment property \n | \n\n | \n (64,800,514) \n | \n\n - \n | \n\n (2,300,000) \n | \n\n - \n | \n
| \n Loss on accrued\nincome \n | \n\n | \n 1,803,855 \n | \n\n - \n | \n\n 1,803,855 \n | \n\n - \n | \n
| \n | \n | \n (62,021,737) \n | \n\n - \n | \n\n (75,646) \n | \n\n 845,416 \n | \n
| \n | \n | \n \u00a0 \n | \n|||
| \n Net changes in working\ncapital: \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\nreceivables \n | \n\n | \n 173,780 \n | \n\n - \n | \n\n 275,069 \n | \n\n (1,841,477) \n | \n
| \n Trade and other\npayables \n | \n\n | \n 1,429,986 \n | \n\n - \n | \n\n (42,120) \n | \n\n 130,377 \n | \n
| \n | \n | \n 1,603,766 \n | \n\n - \n | \n\n 232,949 \n | \n\n (1,711,100) \n | \n
27\u00a0\u00a0\u00a0\u00a0 Financial instrument\nrisk
\nRisk management\nobjectives and policies
\nThe group and company\nare exposed to various risks in relation to financial instruments.\nThe group and company\u2019s financial assets and liabilities by\ncategory are summarised in note 27.4.\n\u00a0 The main types of risks are credit risk, liquidity risk and\nmarket risk.
\nThe group and\ncompany\u2019s risk management is coordinated by the directors and\nfocuses on actively securing the group and company\u2019s short to\nmedium term cash flows by minimising the exposure to financial\nrisk.
\nThe group and company\ndo not actively engage in the trading of financial assets for\nspeculative purposes nor do they write options.\u00a0 The most\nsignificant financial risk to which the group and company are\nexposed to are described below.
\n27\u00a0\u00a0\u00a0\u00a0 Financial instrument\nrisk
\n27.1\u00a0 Credit\nrisk
\nCredit risk is the risk\nthat a counterparty fails to discharge an obligation to the group\nor company. The group and company\u2019s exposure to credit risk\nis limited to the carrying amount of financial assets recognised at\nthe reporting date, as summarised below:
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Classes of financial\nassets carrying amounts: \n | \n\n | \n | \n | \n | \n |
| \n Loans receivable \n | \n\n 15 \n | \n\n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 10,736,587 \n | \n
| \n Trade and other\nreceivables \n | \n\n 16 \n | \n\n 6,564,325 \n | \n\n - \n | \n\n 1,087,001 \n | \n\n 2,373,923 \n | \n
| \n Cash and cash\nequivalents \n | \n\n 17 \n | \n\n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
| \n | \n | \n 13,909,376 \n | \n\n - \n | \n\n 22,378,017 \n | \n\n 13,119,062 \n | \n
\u00a0
\nThe group and company\ncontinuously monitors defaults of customers and other\ncounterparties, identified either individually or by group, and\nincorporate this information into its credit risk\ncontrols.
\nThe group and company\nassess the credit quality of customers taking into account the\nfinancial position, past experience and other factors. The group\nand company\u2019s exposure to credit risk is influenced mainly by\nthe individual characteristics of each customer. The group and\ncompany\u2019s policies are to deal only with creditworthy\ncounterparties. The group has policies in place to ensure that it\ntransacts with customers with appropriate and acceptable credit\nhistory. The ongoing credit risk is managed through regular review\nof ageing analysis, together with credit limits per customer.\nManagement monitors the performance of its trade receivables on a\nregular basis to identify credit losses, which are inherent in\ngroup and company\u2019s debtors, taking into account historical\nexperience in collection of receivables. Management does not expect\nany losses from non-performance by these customers.
\nTrade\nreceivables
\nBased on the amount of\ntrade receivables at year end, management concluded that the\nexpected credit loss which could result on these amounts would not\nbe material to these financial statements.
\nOther financial\nassets at amortised cost
\nOther financial assets\nat amortised cost include related party receivables and cash and\ncash equivalents.
\nWith respect to other\nbalances with related parties (as disclosed in notes 15 and 16),\nthe group and company assess the credit quality of these related\nparties by taking into account financial position, performance and\nother factors. In measuring the expected credit losses in these\nbalances, management determined the impairment provision\nindependently from third party receivables as at 31 December 2025,\nthe impairment is disclosed in notes 16. Management takes\ncognisance of the related party relationship with these entities\nand settlement arrangements in place and does not expect any losses\nfrom non-performance or default.
\nThe group and company\nhold money exclusively with an institution having high quality\nexternal credit ratings. The cash and cash equivalents held with\nsuch bank at 31 December 2025 are callable on demand. The bank with\nwhom cash and cash equivalent are held has a credit rating of BBB\nby Standard and Poor\u2019s Management considers the probability\nof default from such bank to be close to zero and the amount\ncalculated using the 12-month expected credit loss model to be very\ninsignificant. Therefore, based on the above, no loss allowance has\nbeen recognised by the group and company.
\n27.2\u00a0 Liquidity\nrisk
\nLiquidity risk is that\nthe group and company might be unable to meet their obligations.\nThe group and company manage their liquidity needs through yearly\ncash flow forecasts by carefully monitoring expected cash inflows\nand outflows on a monthly basis. The group and company\u2019s\nliquidity risk is not deemed to be significant in view of the\nmatching of cash inflows and outflows arising from expected\nmaturities of financial instruments, as well as the group and\ncompany\u2019s committed borrowing facilities that it can access\nto meet liquidity needs.
\nAs at 31 December 2025,\nthe non-derivative financial liabilities have contractual\nmaturities (including interest payments where applicable) as\nsummarised below:
\n| \n The Group \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n Current \n | \n\n Non-current \n | \n||
| \n | \n Notes \n | \n\n | \n | \n | \n |
| \n 31 December\n2025 \n | \n\n Weighted average\ninterest rate % \n | \n\n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Trade payables \n | \n\n | \n 113,178 \n | \n\n - \n | \n\n - \n | \n\n 113,178 \n | \n
| \n Amount owed to the\nparent \n | \n\n | \n - \n | \n\n 88,459,313 \n | \n\n | \n 88,459,313 \n | \n
| \n Accruals \n | \n\n | \n 279,492 \n | \n\n - \n | \n\n - \n | \n\n 279,492 \n | \n
| \n Other payables \n | \n\n | \n 37,192 \n | \n\n - \n | \n\n - \n | \n\n 37,192 \n | \n
| \n Total \n | \n\n | \n 429,862 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,889,175 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 24,129,700 bonds, 5.2%,\n2025-2035 \n | \n\n 5.20% \n | \n\n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
| \n | \n | \n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n | \n |
| \n The\nCompany \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n Current \n | \n\n Non-current \n | \n||
| \n 31 December\n2025 \n | \n\n Weighted average\ninterest rate % \n | \n\n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Trade payables \n | \n\n | \n 99,666 \n | \n\n - \n | \n\n - \n | \n\n 99,666 \n | \n
| \n Amount owed to the\nparent \n | \n\n | \n - \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n
| \n Accruals \n | \n\n | \n 267,892 \n | \n\n - \n | \n\n - \n | \n\n 267,892 \n | \n
| \n Other payable \n | \n\n | \n 36,635 \n | \n\n - \n | \n\n - \n | \n\n 36,635 \n | \n
| \n | \n | \n 404,193 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,863,506 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 24,129,700 bonds, 5.2%,\n2025-2035 \n | \n\n 5.20% \n | \n\n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
| \n | \n | \n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
\u00a0
\nThis compares to the\nmaturity of non-derivative financial liabilities in the previous\nreporting periods as follows:
\n| \n The Group \n | \n\n | \n Current \n | \n\n Non-current \n | \n||
| \n 31 December\n2024 \n | \n\n Weighted average\ninterest rate % \n | \n\n | \n | \n | \n |
| \n | \n | \n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to fellow\nsubsidiaries \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n VAT payable \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Other payable \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Total \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 5,000,000 bonds, 5%,\n2023-2028 \n | \n\n 5% \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Non-interest bearing -\ndiscounting \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to the parent\ncompany \n | \n\n 4% \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n The\nCompany \n | \n\n | \n Current \n | \n\n Non-current \n | \n||
| \n 31 December\n2024 \n | \n\n Weighted average\ninterest rate % \n | \n\n | \n | \n | \n |
| \n | \n | \n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to related\nparty \n | \n\n | \n 435 \n | \n\n - \n | \n\n - \n | \n\n 435 \n | \n
| \n Accruals \n | \n\n | \n 180,457 \n | \n\n - \n | \n\n - \n | \n\n 180,457 \n | \n
| \n Other payables \n | \n\n | \n 1,063 \n | \n\n - \n | \n\n - \n | \n\n 1,063 \n | \n
| \n Total \n | \n\n | \n 181,955 \n | \n\n - \n | \n\n - \n | \n\n 181,955 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 5,000,000 bonds, 5%,\n2023-2028 \n | \n\n 5% \n | \n\n 250,000 \n | \n\n 5,750,000 \n | \n\n - \n | \n\n 6,000,000 \n | \n
| \n Non-interest bearing -\ndiscounting \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to the parent\ncompany \n | \n\n 4% \n | \n\n - \n | \n\n 33,086,000 \n | \n\n - \n | \n\n 33,086,000 \n | \n
| \n | \n | \n 250,000 \n | \n\n 38,836,000 \n | \n\n - \n | \n\n 39,086,000 \n | \n
\u00a0
\n27.3\u00a0 Market\nrisk\u00a0
\nForeign currency\nrisk
\nThe group and company\ntransact business mainly in euro.
\nAccordingly, the\ngroup\u2019s and company\u2019s exposure to foreign exchange risk\nis not significant and a sensitivity analysis for foreign exchange\nrisk disclosing how profit or loss and equity would have been\naffected by changes in foreign exchange rates that were reasonably\npossible at the reporting date is deemed not necessary.
\n27.4\u00a0 Summary of\nfinancial assets and liabilities by category
\nThe carrying amounts of\nthe group and company\u2019s financial assets and liabilities as\nrecognised at the reporting date of the reporting period under\nreview may also be categorised as follows.\u00a0 See note 4.11 for\nexplanations about how the category of financial instruments\naffects their subsequent measurement.
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Financial\nassets \n | \n\n | \n | \n | \n | \n |
| \n Financial assets measured at\namortised cost: \n | \n\n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Loans receivable \n | \n\n 15 \n | \n\n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 10,736,587 \n | \n
| \n Other receivables \n | \n\n 16 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 1,803,855 \n | \n
| \n | \n | \n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 12,540,442 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\nreceivables \n | \n\n 16 \n | \n\n 6,564,325 \n | \n\n - \n | \n\n 1,087,001 \n | \n\n 570,068 \n | \n
| \n Cash and cash\nequivalents \n | \n\n 17 \n | \n\n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
| \n | \n | \n 13,909,376 \n | \n\n - \n | \n\n 6,554,614 \n | \n\n 578,620 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\npayables \n | \n\n 19 \n | \n\n 114,092 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Long term\nborrowings \n | \n\n 20 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 25,835,431 \n | \n
| \n Debt securities in\nissue \n | \n\n 21 \n | \n\n 23,521,013 \n | \n\n - \n | \n\n 23,521,013 \n | \n\n 5,000,000 \n | \n
| \n Subordinated\nloans \n | \n\n 22 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n 112,094,418 \n | \n\n - \n | \n\n 111,980,326 \n | \n\n 30,835,431 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\npayables \n | \n\n 19 \n | \n\n 451,939 \n | \n\n - \n | \n\n 404,193 \n | \n\n 181,955 \n | \n
| \n | \n | \n 451,939 \n | \n\n - \n | \n\n 404,193 \n | \n\n 181,955 \n | \n
27.1\u00a0 Credit\nrisk
\nCredit risk is the risk\nthat a counterparty fails to discharge an obligation to the group\nor company. The group and company\u2019s exposure to credit risk\nis limited to the carrying amount of financial assets recognised at\nthe reporting date, as summarised below:
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Classes of financial\nassets carrying amounts: \n | \n\n | \n | \n | \n | \n |
| \n Loans receivable \n | \n\n 15 \n | \n\n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 10,736,587 \n | \n
| \n Trade and other\nreceivables \n | \n\n 16 \n | \n\n 6,564,325 \n | \n\n - \n | \n\n 1,087,001 \n | \n\n 2,373,923 \n | \n
| \n Cash and cash\nequivalents \n | \n\n 17 \n | \n\n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
| \n | \n | \n 13,909,376 \n | \n\n - \n | \n\n 22,378,017 \n | \n\n 13,119,062 \n | \n
\u00a0
\nThe group and company\ncontinuously monitors defaults of customers and other\ncounterparties, identified either individually or by group, and\nincorporate this information into its credit risk\ncontrols.
\nThe group and company\nassess the credit quality of customers taking into account the\nfinancial position, past experience and other factors. The group\nand company\u2019s exposure to credit risk is influenced mainly by\nthe individual characteristics of each customer. The group and\ncompany\u2019s policies are to deal only with creditworthy\ncounterparties. The group has policies in place to ensure that it\ntransacts with customers with appropriate and acceptable credit\nhistory. The ongoing credit risk is managed through regular review\nof ageing analysis, together with credit limits per customer.\nManagement monitors the performance of its trade receivables on a\nregular basis to identify credit losses, which are inherent in\ngroup and company\u2019s debtors, taking into account historical\nexperience in collection of receivables. Management does not expect\nany losses from non-performance by these customers.
\nTrade\nreceivables
\nBased on the amount of\ntrade receivables at year end, management concluded that the\nexpected credit loss which could result on these amounts would not\nbe material to these financial statements.
\nOther financial\nassets at amortised cost
\nOther financial assets\nat amortised cost include related party receivables and cash and\ncash equivalents.
\nWith respect to other\nbalances with related parties (as disclosed in notes 15 and 16),\nthe group and company assess the credit quality of these related\nparties by taking into account financial position, performance and\nother factors. In measuring the expected credit losses in these\nbalances, management determined the impairment provision\nindependently from third party receivables as at 31 December 2025,\nthe impairment is disclosed in notes 16. Management takes\ncognisance of the related party relationship with these entities\nand settlement arrangements in place and does not expect any losses\nfrom non-performance or default.
\nThe group and company\nhold money exclusively with an institution having high quality\nexternal credit ratings. The cash and cash equivalents held with\nsuch bank at 31 December 2025 are callable on demand. The bank with\nwhom cash and cash equivalent are held has a credit rating of BBB\nby Standard and Poor\u2019s Management considers the probability\nof default from such bank to be close to zero and the amount\ncalculated using the 12-month expected credit loss model to be very\ninsignificant. Therefore, based on the above, no loss allowance has\nbeen recognised by the group and company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "fRVAg7eEcm": { "value": "27.2\u00a0 Liquidity\nrisk
\nLiquidity risk is that\nthe group and company might be unable to meet their obligations.\nThe group and company manage their liquidity needs through yearly\ncash flow forecasts by carefully monitoring expected cash inflows\nand outflows on a monthly basis. The group and company\u2019s\nliquidity risk is not deemed to be significant in view of the\nmatching of cash inflows and outflows arising from expected\nmaturities of financial instruments, as well as the group and\ncompany\u2019s committed borrowing facilities that it can access\nto meet liquidity needs.
\nAs at 31 December 2025,\nthe non-derivative financial liabilities have contractual\nmaturities (including interest payments where applicable) as\nsummarised below:
\n| \n The Group \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n Current \n | \n\n Non-current \n | \n||
| \n | \n Notes \n | \n\n | \n | \n | \n |
| \n 31 December\n2025 \n | \n\n Weighted average\ninterest rate % \n | \n\n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Trade payables \n | \n\n | \n 113,178 \n | \n\n - \n | \n\n - \n | \n\n 113,178 \n | \n
| \n Amount owed to the\nparent \n | \n\n | \n - \n | \n\n 88,459,313 \n | \n\n | \n 88,459,313 \n | \n
| \n Accruals \n | \n\n | \n 279,492 \n | \n\n - \n | \n\n - \n | \n\n 279,492 \n | \n
| \n Other payables \n | \n\n | \n 37,192 \n | \n\n - \n | \n\n - \n | \n\n 37,192 \n | \n
| \n Total \n | \n\n | \n 429,862 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,889,175 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 24,129,700 bonds, 5.2%,\n2025-2035 \n | \n\n 5.20% \n | \n\n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
| \n | \n | \n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n | \n |
| \n The\nCompany \n | \n\n | \n | \n | \n | \n |
| \n | \n | \n Current \n | \n\n Non-current \n | \n||
| \n 31 December\n2025 \n | \n\n Weighted average\ninterest rate % \n | \n\n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Trade payables \n | \n\n | \n 99,666 \n | \n\n - \n | \n\n - \n | \n\n 99,666 \n | \n
| \n Amount owed to the\nparent \n | \n\n | \n - \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n
| \n Accruals \n | \n\n | \n 267,892 \n | \n\n - \n | \n\n - \n | \n\n 267,892 \n | \n
| \n Other payable \n | \n\n | \n 36,635 \n | \n\n - \n | \n\n - \n | \n\n 36,635 \n | \n
| \n | \n | \n 404,193 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,863,506 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 24,129,700 bonds, 5.2%,\n2025-2035 \n | \n\n 5.20% \n | \n\n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
| \n | \n | \n 1,254,744 \n | \n\n 5,018,978 \n | \n\n 30,183,842 \n | \n\n 36,457,564 \n | \n
\u00a0
\nThis compares to the\nmaturity of non-derivative financial liabilities in the previous\nreporting periods as follows:
\n| \n The Group \n | \n\n | \n Current \n | \n\n Non-current \n | \n||
| \n 31 December\n2024 \n | \n\n Weighted average\ninterest rate % \n | \n\n | \n | \n | \n |
| \n | \n | \n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to fellow\nsubsidiaries \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n VAT payable \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Other payable \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Total \n | \n\n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 5,000,000 bonds, 5%,\n2023-2028 \n | \n\n 5% \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Non-interest bearing -\ndiscounting \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to the parent\ncompany \n | \n\n 4% \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n The\nCompany \n | \n\n | \n Current \n | \n\n Non-current \n | \n||
| \n 31 December\n2024 \n | \n\n Weighted average\ninterest rate % \n | \n\n | \n | \n | \n |
| \n | \n | \n Within 1\nyear \n | \n\n 1 to 5\nyears \n | \n\n Later than 5\nyears \n | \n\n Total \n | \n
| \n Non-interest\nbearing \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to related\nparty \n | \n\n | \n 435 \n | \n\n - \n | \n\n - \n | \n\n 435 \n | \n
| \n Accruals \n | \n\n | \n 180,457 \n | \n\n - \n | \n\n - \n | \n\n 180,457 \n | \n
| \n Other payables \n | \n\n | \n 1,063 \n | \n\n - \n | \n\n - \n | \n\n 1,063 \n | \n
| \n Total \n | \n\n | \n 181,955 \n | \n\n - \n | \n\n - \n | \n\n 181,955 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Interest bearing \u2013\nfixed rate \n | \n\n | \n | \n | \n | \n |
| \n 5,000,000 bonds, 5%,\n2023-2028 \n | \n\n 5% \n | \n\n 250,000 \n | \n\n 5,750,000 \n | \n\n - \n | \n\n 6,000,000 \n | \n
| \n Non-interest bearing -\ndiscounting \n | \n\n | \n | \n | \n | \n |
| \n Amounts owed to the parent\ncompany \n | \n\n 4% \n | \n\n - \n | \n\n 33,086,000 \n | \n\n - \n | \n\n 33,086,000 \n | \n
| \n | \n | \n 250,000 \n | \n\n 38,836,000 \n | \n\n - \n | \n\n 39,086,000 \n | \n
27.3\u00a0 Market\nrisk\u00a0
\nForeign currency\nrisk
\nThe group and company\ntransact business mainly in euro.
\nAccordingly, the\ngroup\u2019s and company\u2019s exposure to foreign exchange risk\nis not significant and a sensitivity analysis for foreign exchange\nrisk disclosing how profit or loss and equity would have been\naffected by changes in foreign exchange rates that were reasonably\npossible at the reporting date is deemed not necessary.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "OxePM.ljLM": { "value": "27.4\u00a0 Summary of\nfinancial assets and liabilities by category
\nThe carrying amounts of\nthe group and company\u2019s financial assets and liabilities as\nrecognised at the reporting date of the reporting period under\nreview may also be categorised as follows.\u00a0 See note 4.11 for\nexplanations about how the category of financial instruments\naffects their subsequent measurement.
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Financial\nassets \n | \n\n | \n | \n | \n | \n |
| \n Financial assets measured at\namortised cost: \n | \n\n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Loans receivable \n | \n\n 15 \n | \n\n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 10,736,587 \n | \n
| \n Other receivables \n | \n\n 16 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 1,803,855 \n | \n
| \n | \n | \n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 12,540,442 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\nreceivables \n | \n\n 16 \n | \n\n 6,564,325 \n | \n\n - \n | \n\n 1,087,001 \n | \n\n 570,068 \n | \n
| \n Cash and cash\nequivalents \n | \n\n 17 \n | \n\n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
| \n | \n | \n 13,909,376 \n | \n\n - \n | \n\n 6,554,614 \n | \n\n 578,620 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\npayables \n | \n\n 19 \n | \n\n 114,092 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Long term\nborrowings \n | \n\n 20 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 25,835,431 \n | \n
| \n Debt securities in\nissue \n | \n\n 21 \n | \n\n 23,521,013 \n | \n\n - \n | \n\n 23,521,013 \n | \n\n 5,000,000 \n | \n
| \n Subordinated\nloans \n | \n\n 22 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n 112,094,418 \n | \n\n - \n | \n\n 111,980,326 \n | \n\n 30,835,431 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\npayables \n | \n\n 19 \n | \n\n 451,939 \n | \n\n - \n | \n\n 404,193 \n | \n\n 181,955 \n | \n
| \n | \n | \n 451,939 \n | \n\n - \n | \n\n 404,193 \n | \n\n 181,955 \n | \n
27.4\u00a0 Summary of\nfinancial assets and liabilities by category
\nThe carrying amounts of\nthe group and company\u2019s financial assets and liabilities as\nrecognised at the reporting date of the reporting period under\nreview may also be categorised as follows.\u00a0 See note 4.11 for\nexplanations about how the category of financial instruments\naffects their subsequent measurement.
\n| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Financial\nassets \n | \n\n | \n | \n | \n | \n |
| \n Financial assets measured at\namortised cost: \n | \n\n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Loans receivable \n | \n\n 15 \n | \n\n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 10,736,587 \n | \n
| \n Other receivables \n | \n\n 16 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 1,803,855 \n | \n
| \n | \n | \n - \n | \n\n - \n | \n\n 15,823,403 \n | \n\n 12,540,442 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\nreceivables \n | \n\n 16 \n | \n\n 6,564,325 \n | \n\n - \n | \n\n 1,087,001 \n | \n\n 570,068 \n | \n
| \n Cash and cash\nequivalents \n | \n\n 17 \n | \n\n 7,345,051 \n | \n\n - \n | \n\n 5,467,613 \n | \n\n 8,552 \n | \n
| \n | \n | \n 13,909,376 \n | \n\n - \n | \n\n 6,554,614 \n | \n\n 578,620 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n |
| \n | \n | \n The\nGroup \n | \n\n The\nCompany \n | \n||
| \n | \n Notes \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Non-current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\npayables \n | \n\n 19 \n | \n\n 114,092 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Long term\nborrowings \n | \n\n 20 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 25,835,431 \n | \n
| \n Debt securities in\nissue \n | \n\n 21 \n | \n\n 23,521,013 \n | \n\n - \n | \n\n 23,521,013 \n | \n\n 5,000,000 \n | \n
| \n Subordinated\nloans \n | \n\n 22 \n | \n\n 88,459,313 \n | \n\n - \n | \n\n 88,459,313 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n 112,094,418 \n | \n\n - \n | \n\n 111,980,326 \n | \n\n 30,835,431 \n | \n
| \n | \n | \n | \n | \n | \n |
| \n Current \n | \n\n | \n | \n | \n | \n |
| \n Trade and other\npayables \n | \n\n 19 \n | \n\n 451,939 \n | \n\n - \n | \n\n 404,193 \n | \n\n 181,955 \n | \n
| \n | \n | \n 451,939 \n | \n\n - \n | \n\n 404,193 \n | \n\n 181,955 \n | \n
28\u00a0\u00a0\u00a0\u00a0 Capital management policies and\nprocedures
\nThe group\u2019s and\ncompany\u2019s objectives when managing capital, which is a\nbroader concept than the \u2018equity\u2019 on the statement of\nfinancial position, are:
\n| \n \u2022 \n | \n\n to safeguard the\ngroup\u2019s and company\u2019s ability to continue as going\nconcern so that they can continue to provide returns for\nshareholders and benefits to other stakeholders; and \n | \n
| \n \u2022 \n | \n\n to maintain a strong\ncapital base to support the development of its business. \n | \n
Accordingly, the\npurpose of the group\u2019s and company\u2019s capital management\nis essentially that of ensuring efficient use of capital taking\ncognisance of the group\u2019s and company\u2019s risk appetite\nand profile as well as its objectives for business\ndevelopment.
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } }, "E5PmymPDtx": { "value": "29\u00a0\u00a0\u00a0\u00a0 Post-reporting date\nevents
\nNo adjusting or\nsignificant non-adjusting events have occurred between the end of\nthe reporting period and the date of authorisation.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:391200SHMPQJCPH0UK86", "period": "2025-01-01T00:00:00/2025-12-02T00:00:00" } } } }