{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ISO4217": "http://www.xbrl.org/2003/iso4217", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "scheme": "http://standards.iso.org/iso/17442", "tri": "https://tridentestates.com/xbrl/2026/", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "https://tridentestates.com/xbrl/2026/tridentestates-2026-01-31.xsd" ] }, "facts": { "mapping_11354_doc_39": { "value": "TRIDENT PARKNOTABILE GARDENS,NO. 4 \u2013 LEVEL 0,MDINA ROAD, ZONE 2, CENTRAL BUSINESS DISTRICT,BIRKIRKARA CBD 2010, MALTA", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11499_doc_39": { "value": "PriNCiPaL aCTiViTiESTrident Estates plc (the \"Company\") and its subsidiaries (the \"Group\") are property investment companies that own and manage property for rental and investment purposes.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11496_doc_39": { "value": "Trident Estates plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11497_doc_39": { "value": "Trident Estates plc", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11498_doc_39": { "value": "Trident Estates plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11494_doc_39": { "value": "Malta", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11495_doc_39": { "value": "Malta", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11436_doc_39": { "value": "GOiNG CONCErN BaSiS After making appropriate enquiries, at the time of approving the financial statements the Directors have determined that there is reasonable expectation that the Group and the parent Company have adequate resources to continue operating for the foreseeable future and to meet their liabilities as and when they fall due. For this reason, the Directors have adopted the going concern basis in preparing the financial statements. Reference is made to the commentary above relating to the outlook for financial year ending 31 January 2027. 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MATERIAL ACCOUNTING POLICY INFORMATION The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 1.1 Basis of preparation These consolidated financial statements include the financial statements of Trident Estates plc and its subsidiaries. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the EU and the requirements of the Maltese Companies Act, (Cap. 386). They have been prepared under the historical cost convention, as modified by the fair valuation of investment property and except as disclosed in the accounting policies below. Unless otherwise stated, all financial information presented has been rounded to the nearest thousand. The preparation of financial statements in conformity with IFRSs as adopted by the EU requires the use of certain accounting estimates. It also requires directors to exercise their judgement in the process of applying the Group and Company\u2019s accounting policies (see Note 3 \u2013 Critical accounting estimates and judgements). As at year end the Group has a net current asset position of \u20ac1,504,000 (2025: net current liability position of \u20ac2,607,000). The Group has unutilised bank facilities of \u20ac1.3 million (2025: \u20ac1.9 million) which it intends to partially draw down over the next months to finance retentions relating to the Trident Park project. The Board is undertaking a strategic review to cover the next phases of the Group\u2019s business plan. This review will also consider the Group\u2019s funding requirements, noting the significant stock of unencumbered assets. Given the build-up of rental revenue streams from the Trident Park project and the options available to the Group in terms of access to funding, management\u2019s projections covering the next two years indicate sufficient liquidity to cover the Group\u2019s requirements. Accordingly, the directors have concluded that at the time of approving these financial statements the Group\u2019s business is considered to be a going concern and the Group is able to finance its commitments in the coming year. Standards, interpretations and amendments to published standards effective in 2026 In 2026, the Company adopted amendments to existing standards that are mandatory for the Company\u2019s accounting period beginning on 1 February 2025. The adoption of these revisions to the requirements of IFRSs as adopted by the EU did not result in changes to the Company\u2019s accounting policies impacting the financial performance and position. New standards and interpretations not yet adopted Certain new standards, amendments and interpretations to existing standards have been published by the date of authorisation for issue of these financial statements but are not yet effective for the Group\u2019s current accounting period. The Group has not early adopted these revisions to the requirements of IFRSs as adopted by the EU, and the Directors are of the opinion that there are no requirements which will have a material impact on the Group\u2019s financial statements in the period of initial application, other than what is described below. IFRS 18 \u2018Presentation and Disclosure in Financial Statements\u2019 (effective for annual periods beginning on or after 1 January 2027) IFRS 18 (issued on 9 April 2024) was endorsed for use in the European Union on 16 February 2026 and is set to replace IAS 1 Presentation of Financial Statements, introducing new requirements that will help to achieve comparability of the financial performance of similar entities and provide more relevant information and transparency to users. Even though IFRS 18 will not impact the recognition or measurement of items in the financial statements, its impacts on presentation and disclosure are expected to be pervasive, particularly those related to the statement of financial performance. IFRS 18 will also require the disclosure of management-defined performance measures within the financial statements. Management is currently assessing the implications of applying IFRS 18 on the Group and Company\u2019s financial statements. The new standard will be applicable from its mandatory effective date of 1 January 2027, with retrospective application, meaning that comparative information will be restated to reflect the new presentation and disclosure requirements introduced. 1.2 Consolidation (a) Subsidiaries Subsidiaries are all entities over which the Company has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are de-consolidated from the date that control ceases.\u2003 The Company uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Company. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Company recognises any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s net assets.The excess of the consideration transferred, the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previous equity interest in the acquiree over the fair value of the Company\u2019s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in profit or loss.Inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.A listing of the subsidiaries is set out in Note 28 to the financial statements.(b) AssociatesAssociates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. In the consolidated financial statements, investments in associates are accounted for using the equity method of accounting and are initially recognised at cost. The Group\u2019s investment in associates includes goodwill identified on acquisition net of any accumulated impairment loss. See Note 1.6 for the impairment of non-financial assets including goodwill.The Group\u2019s share of its associates\u2019 post-acquisition profits or losses is recognised in the statement of comprehensive income, and its share of post-acquisition other comprehensive income is recognised in other comprehensive income. The cumulative post-acquisition movements are adjusted against the carrying amount of the investment. When the Group\u2019s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group\u2019s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group.If the ownership interest in an associate is reduced but significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate.Dilution gains and losses arising in investments in associates are recognised in profit or loss.1.3 Foreign currency translation (a) Functional and presentation currency Items included in the financial statements of each of the Group\u2019s entities are measured using the currency of the primary economic environment in which the entity operates (\u2018the functional currency\u2019). The consolidated financial statements are presented in euro which is the Group\u2019s presentation currency. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. 1.4 Property, plant and equipment Property, plant and equipment is initially recorded at historical cost and is subsequently stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred. Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
\u2022 Motor vehicles 20%
\u2022 Furniture and fixtures 10%
\u2022 Computer equipment 33%
\u2022 Electronic equipment 25%
The assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset\u2019s carrying amount is written down immediately to its recoverable amount if the asset\u2019s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposals are determined by comparing the proceeds with carrying amount and are recognised in profit or loss. 1.5 Investment property Property that is held for long-term rental yields or for capital appreciation or both, and is not occupied by the Group, is classified as investment property. Investment property comprises freehold and leasehold property. Investment property is measured initially at its historical cost, including related transaction costs and borrowing costs. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Borrowing costs which are incurred for the purpose of acquiring or constructing a qualifying investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended annually. After initial recognition, investment property is carried at fair value representing open market value determined annually. Fair value is based on active market prices, adjusted, if necessary, for any difference in the nature, location or condition of the specific asset. If the information is not available, the Group uses alternative valuation methods such as recent prices on less active markets or discounted cash flow projections. These valuations are reviewed annually. Investment property that is being redeveloped for continuing use as investment property or for which the market has become less active continues to be measured at fair value. Fair value measurement on property under construction is only applied if the fair value is considered to be reliably measurable. The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in the light of current market conditions. The fair value also reflects, on a similar basis, any cash outflows that could be expected in respect of the property. Subsequent expenditure is capitalised to the asset\u2019s carrying amount only when it is probable that future economic benefits associated with the expenditure will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to profit or loss during the financial period in which they are incurred. When part of an investment property is replaced, the carrying amount of the replaced part is derecognised. The fair value of investment property does not reflect future capital expenditure that will improve or enhance the property and does not reflect the related future benefits from this future expenditure other than those a rational market participant would take into account when determining the value of the property. Changes in fair values are recognised in profit or loss. Investment properties are derecognised either when they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. If an investment property becomes owner-occupied, it is reclassified as property, plant and equipment. Its fair value at the date of the reclassification becomes its cost for subsequent accounting purposes. When the Group decides to dispose of an investment property without development, the Group continues to treat the property as an investment property. Similarly, if the Group begins to redevelop an existing investment property for continued future use as investment property, it remains an investment property during the redevelopment. If an item of property, plant and equipment becomes an investment property because its use has changed, any difference resulting between the carrying amount and the fair value of this item at the date of transfer is treated in the same way as a revaluation under IAS 16. Any resulting increase in the carrying amount of the property is recognised in profit or loss to the extent that it reverses a previous impairment loss; with any remaining increase recognised in other comprehensive income, directly to revaluation surplus within equity. Any resulting decrease in the carrying amount of the property is initially charged to other comprehensive income against any previously recognised revaluation surplus, with any remaining decrease charged to profit or loss. Upon the disposal of such investment property, any surplus previously recorded in equity is transferred to retained earnings; the transfer is not made through profit or loss. Where an investment property undergoes a change in use, evidenced by commencement of development with a view to sale, the property is transferred to inventories. A property\u2019s deemed cost for subsequent accounting as inventories is its fair value at the date of change in use. 1.6 Impairment of non-financial assets Assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment. Assets that are subject to amortisation or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period. 1.7 Financial assets Classification The Group and Company classifies their financial assets as financial assets measured at amortised costs. The classification depends on the entity\u2019s business model for managing the financial assets and the contractual terms of the cash flows. The Group and Company classifies their financial assets as at amortised cost only if both the following criteria are met: \u2013 The asset is held within a business model whose objective is to collect the contractual cash flows, and \u2013 The contractual terms give rise to cash flows that are solely payments of principal and interest. Assessment whether contractual cash flows are solely payments of principal and interest For the purposes of this assessment, \u2018principal\u2019 is defined as the fair value of the financial asset on initial recognition. \u2018Interest\u2019 is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group and Company consider the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. Recognition and measurement Regular way purchases and sales of financial assets are recognised on the trade date, which is the date on which the Group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Interest income on debt instruments measured at amortised cost from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition of these instruments is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as a separate line item in the statements of comprehensive income. Impairment The Group assesses on a forward-looking basis the expected credit losses (ECL) associated with its debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Group\u2019s financial assets are subject to the expected credit loss model. Expected credit loss model The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs: \u2022 debt securities that are determined to have low credit risk at the reporting date; and \u2022 other debt securities and bank balances for which credit risk has not increased significantly since initial recognition. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due, and it considers a financial asset to be in default when the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls. ECLs are discounted at the effective interest rate of the financial asset. At each reporting date, the Group assesses whether financial assets carried at amortised cost are credit-impaired. A financial asset is \u2018credit-impaired\u2019 when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data such as significant financial difficulty of the borrower or issuer, or a breach of contract such as a default or being more than 90 days past due. Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. 1.8 Trade and other receivables Trade receivables comprise amounts due from customers for services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not they are presented as non-current assets. Trade and other receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less expected credit loss allowance (Note 1.7). Details about the Group\u2019s impairment policies and the calculation of loss allowance are provided in Note 1.7. 1.9 Current and deferred tax The tax expense for the period comprises current and deferred tax. Tax is recognised in the statements of comprehensive income except to the extent that it relates to items recognised directly in other comprehensive income. In this case the tax is also recognised in other comprehensive income. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. However, deferred tax liabilities are not recognised if they arise from the initial recognition of goodwill; deferred tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Under this method the Group is required to make a provision for deferred taxes on the fair valuation of certain non-current assets. Such deferred tax is charged or credited directly to profit or loss. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income tax levied by the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. 1.10 Cash and cash equivalents Cash and cash equivalents are carried in the statements of financial position at face value. In the statements of cash flows, cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts, if any, are shown within borrowings in current liabilities in the statements of financial position. 1.11 Share capital and share premium Ordinary shares are classified as equity. Amounts received in excess of par value are credited to share premium. Incremental costs directly attributable to the issue of new shares are shown in share premium as a deduction, net of tax, from the proceeds. Incremental costs directly attributable to the issue of new shares or for the acquisition of a business, are included in the cost of acquisition as part of the purchase consideration. Dividend distribution to the Company\u2019s shareholders is recognised as a liability in the Group\u2019s financial statements in the period in which the dividends are approved by the Company\u2019s shareholders. 1.12 Borrowings Borrowings are recognised initially at the fair value of proceeds received, net of transaction costs incurred. Borrowings are subsequently carried at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least twelve months after the end of the reporting period. 1.13 Provisions Provisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as finance cost. 1.14 Trade and other payables Trade payables comprise obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method .1.15 Financial liabilities The Group recognises a financial liability in its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group\u2019s financial liabilities are classified as financial liabilities which are not at fair value through profit or loss (classified as \u2018Other liabilities\u2019). These financial liabilities are recognised initially at fair value, being the fair value of consideration received, net of transaction costs that are directly attributable to the acquisition or the issue of the financial liability. These liabilities are subsequently measured at amortised cost. The Group derecognises a financial liability from its statement of financial position when the obligation specified in the contract or arrangement is discharged, is cancelled or expires. 1.16 Offsetting financial instruments Financial assets and liabilities are offset and the net amount reported in the statements of financial position when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. 1.17 Revenue recognition Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the Group\u2019s activities. Revenue is shown net of value-added tax or other sales taxes, returns, rebates and discounts. Revenue is recognised as follows: (a) Property related income Rental income from investment property is recognised in profit or loss on a straight line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income, over the term of the lease. (b) Finance income Finance income is recognised on a time-proportion basis using the effective interest method. When a receivable is impaired, the Group reduces the carrying amount to its recoverable amount, being the estimated future cash flows discounted at the original effective interest rate of the instrument, and continues unwinding the discount as finance income. 1.18 Leases The Group and Company is the lessor Assets leased out under operating leases are included in investment property in the statement of financial position and are accounted for in accordance with accounting policy (Note 1.5). These assets are fair valued annually on a basis consistent with similarly owned investment property. Rental income from operating leases recognised in profit or loss on a straight-line basis over the lease term. The Group did not need to make any adjustments to the accounting for assets held as lessor as a result of the adoption of the new leasing standard. The Group and Company is a lessee Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the company. The Group\u2019s leasing activity and how this is accounted for. The Group and the Company have existing leases in relation to ground rent. These contracts are long term in nature and does not impose any covenants. From 1 February 2019, lease were recognised as right-of-use assets and corresponding liabilities at the date at which the leased asset were available for use by the company. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is amortised over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liability includes the net present value of the following lease payments: \u2022 fixed payments;\u2022 variable lease payments that are based on an index or a rate.The lease payments are discounted using the lessee\u2019s incremental borrowing rate, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions. To determine the incremental borrowing rate, the Group and the Company: \u2022 where possible, uses recent third-party financing received by the lessee as a starting point; \u2022 adjusted to reflect changes in financing conditions since third party financing was received; \u2022 uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk. Right-of-use assets are measured at cost comprising the following: \u2022 the amount of the initial measurement of the lease liability;\u2022 any lease payments made at or before the commencement date less any lease incentives received; and \u2022 any initial direct costsPayments associated with short-term leases and leases of low- value assets are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). For leases of properties, the following factors are normally the most relevant: \u2022 If there are significant penalties to terminate (or not extend), the Group and Company are typically reasonably certain to extend (or not terminate); \u2022 If any leasehold improvements are expected to have a significant remaining value, the Group and Company are typically reasonably certain to extend (or not terminate); \u2022 Otherwise, the Group and Company consider other factors including historical lease durations and the costs and business disruption required to replace the leased asset. The lease term is reassessed if an option is actually exercised (or not exercised) or the company becomes obliged to exercise (or not exercise) it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee. 1.19 Borrowing costs Borrowing costs which are incurred for the purpose of acquiring or constructing qualifying property, plant and equipment or investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway, during the period of time that is required to complete and prepare the asset for its intended use. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended. All other borrowing costs are expensed. Borrowing costs are recognised for all interest-bearing instruments on an accrual basis using the effective interest method. Interest costs include the effect of amortising any difference between initial net proceeds and redemption value in respect of the Group\u2019s interest-bearing borrowings. 1.20 Earnings per share The Group presents basic earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the consolidated profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding at the end of the period. Where the company increases its share capital through a rights issue, comparative EPS is restated to reflect the situation as if the discount embedded within the rights issue had been in place at the beginning of the comparative period. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11467_doc_39": { "value": "1.1 Basis of preparation These consolidated financial statements include the financial statements of Trident Estates plc and its subsidiaries. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the EU and the requirements of the Maltese Companies Act, (Cap. 386). They have been prepared under the historical cost convention, as modified by the fair valuation of investment property and except as disclosed in the accounting policies below. Unless otherwise stated, all financial information presented has been rounded to the nearest thousand. The preparation of financial statements in conformity with IFRSs as adopted by the EU requires the use of certain accounting estimates. It also requires directors to exercise their judgement in the process of applying the Group and Company\u2019s accounting policies (see Note 3 \u2013 Critical accounting estimates and judgements). As at year end the Group has a net current asset position of \u20ac1,504,000 (2025: net current liability position of \u20ac2,607,000). The Group has unutilised bank facilities of \u20ac1.3 million (2025: \u20ac1.9 million) which it intends to partially draw down over the next months to finance retentions relating to the Trident Park project. The Board is undertaking a strategic review to cover the next phases of the Group\u2019s business plan. This review will also consider the Group\u2019s funding requirements, noting the significant stock of unencumbered assets. Given the build-up of rental revenue streams from the Trident Park project and the options available to the Group in terms of access to funding, management\u2019s projections covering the next two years indicate sufficient liquidity to cover the Group\u2019s requirements. Accordingly, the directors have concluded that at the time of approving these financial statements the Group\u2019s business is considered to be a going concern and the Group is able to finance its commitments in the coming year. Standards, interpretations and amendments to published standards effective in 2026 In 2026, the Company adopted amendments to existing standards that are mandatory for the Company\u2019s accounting period beginning on 1 February 2025. The adoption of these revisions to the requirements of IFRSs as adopted by the EU did not result in changes to the Company\u2019s accounting policies impacting the financial performance and position. New standards and interpretations not yet adopted Certain new standards, amendments and interpretations to existing standards have been published by the date of authorisation for issue of these financial statements but are not yet effective for the Group\u2019s current accounting period. The Group has not early adopted these revisions to the requirements of IFRSs as adopted by the EU, and the Directors are of the opinion that there are no requirements which will have a material impact on the Group\u2019s financial statements in the period of initial application, other than what is described below. IFRS 18 \u2018Presentation and Disclosure in Financial Statements\u2019 (effective for annual periods beginning on or after 1 January 2027) IFRS 18 (issued on 9 April 2024) was endorsed for use in the European Union on 16 February 2026 and is set to replace IAS 1 Presentation of Financial Statements, introducing new requirements that will help to achieve comparability of the financial performance of similar entities and provide more relevant information and transparency to users. Even though IFRS 18 will not impact the recognition or measurement of items in the financial statements, its impacts on presentation and disclosure are expected to be pervasive, particularly those related to the statement of financial performance. IFRS 18 will also require the disclosure of management-defined performance measures within the financial statements. Management is currently assessing the implications of applying IFRS 18 on the Group and Company\u2019s financial statements. The new standard will be applicable from its mandatory effective date of 1 January 2027, with retrospective application, meaning that comparative information will be restated to reflect the new presentation and disclosure requirements introduced. 1.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11386_doc_39": { "value": "The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the EU and the requirements of the Maltese Companies Act, (Cap. 386).", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11247_doc_39": { "value": "Certain new standards, amendments and interpretations to existing standards have been published by the date of authorisation for issue of these financial statements but are not yet effective for the Group\u2019s current accounting period. The Group has not early adopted these revisions to the requirements of IFRSs as adopted by the EU, and the Directors are of the opinion that there are no requirements which will have a material impact on the Group\u2019s financial statements in the period of initial application, other than what is described below. ", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11249_doc_39": { "value": "1.2 Consolidation (a) Subsidiaries Subsidiaries are all entities over which the Company has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are de-consolidated from the date that control ceases.\u2003 The Company uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Company. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Company recognises any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s net assets. The excess of the consideration transferred, the amount of any non- controlling interest in the acquiree and the acquisition-date fair value of any previous equity interest in the acquiree over the fair value of the Company\u2019s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in profit or loss. Inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. A listing of the subsidiaries is set out in Note 28 to the financial statements. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11248_doc_39": { "value": "1.2 Consolidation (a) Subsidiaries Subsidiaries are all entities over which the Company has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are de-consolidated from the date that control ceases.\u2003 The Company uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Company. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Company recognises any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s net assets. The excess of the consideration transferred, the amount of any non- controlling interest in the acquiree and the acquisition-date fair value of any previous equity interest in the acquiree over the fair value of the Company\u2019s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in profit or loss. Inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. A listing of the subsidiaries is set out in Note 28 to the financial statements. (b) Associates Associates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. In the consolidated financial statements, investments in associates are accounted for using the equity method of accounting and are initially recognised at cost. The Group\u2019s investment in associates includes goodwill identified on acquisition net of any accumulated impairment loss. See Note 1.6 for the impairment of non-financial assets including goodwill. The Group\u2019s share of its associates\u2019 post-acquisition profits or losses is recognised in the statement of comprehensive income, and its share of post-acquisition other comprehensive income is recognised in other comprehensive income. The cumulative post-acquisition movements are adjusted against the carrying amount of the investment. When the Group\u2019s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group\u2019s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group. If the ownership interest in an associate is reduced but significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate. Dilution gains and losses arising in investments in associates are recognised in profit or loss", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11489_doc_39": { "value": "2 Consolidation(a) Subsidiaries Subsidiaries are all entities over which the Company has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are de-consolidated from the date that control ceases.\u2003 The Company uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Company. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Company recognises any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s net assets. The excess of the consideration transferred, the amount of any non- controlling interest in the acquiree and the acquisition-date fair value of any previous equity interest in the acquiree over the fair value of the Company\u2019s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in profit or loss. Inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. A listing of the subsidiaries is set out in Note 28 to the financial statements. (b) Associates Associates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. In the consolidated financial statements, investments in associates are accounted for using the equity method of accounting and are initially recognised at cost. The Group\u2019s investment in associates includes goodwill identified on acquisition net of any accumulated impairment loss. See Note 1.6 for the impairment of non-financial assets including goodwill. The Group\u2019s share of its associates\u2019 post-acquisition profits or losses is recognised in the statement of comprehensive income, and its share of post-acquisition other comprehensive income is recognised in other comprehensive income. The cumulative post-acquisition movements are adjusted against the carrying amount of the investment. When the Group\u2019s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group\u2019s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group. If the ownership interest in an associate is reduced but significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate. Dilution gains and losses arising in investments in associates are recognised in profit or loss. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11391_doc_39": { "value": "(b) AssociatesAssociates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. In the consolidated financial statements, investments in associates are accounted for using the equity method of accounting and are initially recognised at cost. The Group\u2019s investment in associates includes goodwill identified on acquisition net of any accumulated impairment loss. See Note 1.6 for the impairment of non-financial assets including goodwill.The Group\u2019s share of its associates\u2019 post-acquisition profits or losses is recognised in the statement of comprehensive income, and its share of post-acquisition other comprehensive income is recognised in other comprehensive income. The cumulative post-acquisition movements are adjusted against the carrying amount of the investment. When the Group\u2019s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group\u2019s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group.If the ownership interest in an associate is reduced but significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate.Dilution gains and losses arising in investments in associates are recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11390_doc_39": { "value": "(b) AssociatesAssociates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. In the consolidated financial statements, investments in associates are accounted for using the equity method of accounting and are initially recognised at cost. The Group\u2019s investment in associates includes goodwill identified on acquisition net of any accumulated impairment loss. See Note 1.6 for the impairment of non-financial assets including goodwill.The Group\u2019s share of its associates\u2019 post-acquisition profits or losses is recognised in the statement of comprehensive income, and its share of post-acquisition other comprehensive income is recognised in other comprehensive income. The cumulative post-acquisition movements are adjusted against the carrying amount of the investment. When the Group\u2019s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group\u2019s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group.If the ownership interest in an associate is reduced but significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate.Dilution gains and losses arising in investments in associates are recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11486_doc_39": { "value": "1.3 Foreign currency translation (a) Functional and presentation currency Items included in the financial statements of each of the Group\u2019s entities are measured using the currency of the primary economic environment in which the entity operates (\u2018the functional currency\u2019). The consolidated financial statements are presented in euro which is the Group\u2019s presentation currency. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11387_doc_39": { "value": "1.3 Foreign currency translation(a) Functional and presentation currency Items included in the financial statements of each of the Group\u2019s entities are measured using the currency of the primary economic environment in which the entity operates (\u2018the functional currency\u2019). The consolidated financial statements are presented in euro which is the Group\u2019s presentation currency.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11250_doc_39": { "value": "1.3 Foreign currency translation(a) Functional and presentation currency Items included in the financial statements of each of the Group\u2019s entities are measured using the currency of the primary economic environment in which the entity operates (\u2018the functional currency\u2019). The consolidated financial statements are presented in euro which is the Group\u2019s presentation currency.(b) Transactions and balancesForeign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11394_doc_39": { "value": "1.4 Property, plant and equipmentProperty, plant and equipment is initially recorded at historical cost and is subsequently stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
\u2022 Motor vehicles 20%
\u2022 Furniture and fixtures 10%
\u2022 Computer equipment 33%
\u2022 Electronic equipment 25%
The assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.An asset\u2019s carrying amount is written down immediately to its recoverable amount if the asset\u2019s carrying amount is greater than its estimated recoverable amount.Gains and losses on disposals are determined by comparing the proceeds with carrying amount and are recognised in profit or loss. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11397_doc_39": { "value": "Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
\u2022 Motor vehicles 20%
\u2022 Furniture and fixtures 10%
\u2022 Computer equipment 33%
\u2022 Electronic equipment 25%
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11470_doc_39": { "value": "1.5 Investment property Property that is held for long-term rental yields or for capital appreciation or both, and is not occupied by the Group, is classified as investment property. Investment property comprises freehold and leasehold property. Investment property is measured initially at its historical cost, including related transaction costs and borrowing costs. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Borrowing costs which are incurred for the purpose of acquiring or constructing a qualifying investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended annually. After initial recognition, investment property is carried at fair value representing open market value determined annually. Fair value is based on active market prices, adjusted, if necessary, for any difference in the nature, location or condition of the specific asset. If the information is not available, the Group uses alternative valuation methods such as recent prices on less active markets or discounted cash flow projections.These valuations are reviewed annually. Investment property that is being redeveloped for continuing use as investment property or for which the market has become less active continues to be measured at fair value. Fair value measurement on property under construction is only applied if the fair value is considered to be reliably measurable. The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in the light of current market conditions. The fair value also reflects, on a similar basis, any cash outflows that could be expected in respect of the property.Subsequent expenditure is capitalised to the asset\u2019s carrying amount only when it is probable that future economic benefits associated with the expenditure will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to profit or loss during the financial period in which they are incurred. When part of an investment property is replaced, the carrying amount of the replaced part is derecognised.The fair value of investment property does not reflect future capital expenditure that will improve or enhance the property and does not reflect the related future benefits from this future expenditure other than those a rational market participant would take into account when determining the value of the property.Changes in fair values are recognised in profit or loss. Investment properties are derecognised either when they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal.If an investment property becomes owner-occupied, it is reclassified as property, plant and equipment. Its fair value at the date of the reclassification becomes its cost for subsequent accounting purposes. When the Group decides to dispose of an investment property without development, the Group continues to treat the property as an investment property. Similarly, if the Group begins to redevelop an existing investment property for continued future use as investment property, it remains an investment property during the redevelopment.If an item of property, plant and equipment becomes an investment property because its use has changed, any difference resulting between the carrying amount and the fair value of this item at the date of transfer is treated in the same way as a revaluation under IAS 16. Any resulting increase in the carrying amount of the property is recognised in profit or loss to the extent that it reverses a previous impairment loss; with any remaining increase recognised in other comprehensive income, directly to revaluation surplus within equity. Any resulting decrease in the carrying amount of the property is initially charged to other comprehensive income against any previously recognised revaluation surplus, with any remaining decrease charged to profit or loss. Upon the disposal of such investment property, any surplus previously recorded in equity is transferred to retained earnings; the transfer is not made through profit or loss.Where an investment property undergoes a change in use, evidenced by commencement of development with a view to sale, the property is transferred to inventories. A property\u2019s deemed cost for subsequent accounting as inventories is its fair value at the date of change in use.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11252_doc_39": { "value": "1.6 Impairment of non-financial assetsAssets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment. Assets that are subject to amortisation or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11471_doc_39": { "value": "1.7 Financial assetsClassificationThe Group and Company classifies their financial assets as financial assets measured at amortised costs. The classification depends on the entity\u2019s business model for managing the financial assets and the contractual terms of the cash flows. The Group and Company classifies their financial assets as at amortised cost only if both the following criteria are met: \u2013 The asset is held within a business model whose objective is to collect the contractual cash flows, and \u2013 The contractual terms give rise to cash flows that are solely payments of principal and interest.Assessment whether contractual cash flows are solely payments of principal and interestFor the purposes of this assessment, \u2018principal\u2019 is defined as the fair value of the financial asset on initial recognition. \u2018Interest\u2019 is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin.In assessing whether the contractual cash flows are solely payments of principal and interest, the Group and Company consider the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. Recognition and measurementRegular way purchases and sales of financial assets are recognised on the trade date, which is the date on which the Group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership.At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset.Interest income on debt instruments measured at amortised cost from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition of these instruments is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as a separate line item in the statements of comprehensive income.ImpairmentThe Group assesses on a forward-looking basis the expected credit losses (ECL) associated with its debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Group\u2019s financial assets are subject to the expected credit loss model. Expected credit loss model The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs:\u2022 debt securities that are determined to have low credit risk at the reporting date; and\u2022 other debt securities and bank balances for which credit risk has not increased significantly since initial recognition.When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due, and it considers a financial asset to be in default when the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or the financial asset is more than 90 days past due.Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk.ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls. ECLs are discounted at the effective interest rate of the financial asset.At each reporting date, the Group assesses whether financial assets carried at amortised cost are credit-impaired. A financial asset is \u2018credit-impaired\u2019 when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data such as significant financial difficulty of the borrower or issuer, or a breach of contract such as a default or being more than 90 days past due.Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11254_doc_39": { "value": "Recognition and measurementRegular way purchases and sales of financial assets are recognised on the trade date, which is the date on which the Group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership.At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset.Interest income on debt instruments measured at amortised cost from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition of these instruments is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as a separate line item in the statements of comprehensive income.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11388_doc_39": { "value": "At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11389_doc_39": { "value": "ImpairmentThe Group assesses on a forward-looking basis the expected credit losses (ECL) associated with its debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Group\u2019s financial assets are subject to the expected credit loss model. ", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11255_doc_39": { "value": "ImpairmentThe Group assesses on a forward-looking basis the expected credit losses (ECL) associated with its debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Group\u2019s financial assets are subject to the expected credit loss model. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11257_doc_39": { "value": "1.8 Trade and other receivablesTrade receivables comprise amounts due from customers for services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not they are presented as non-current assets.Trade and other receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less expected credit loss allowance (Note 1.7). Details about the Group\u2019s impairment policies and the calculation of loss allowance are provided in Note 1.7.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11256_doc_39": { "value": "1.8 Trade and other receivablesTrade receivables comprise amounts due from customers for services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not they are presented as non-current assets.Trade and other receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less expected credit loss allowance (Note 1.7). Details about the Group\u2019s impairment policies and the calculation of loss allowance are provided in Note 1.7.8. TRADE AND OTHER RECEIVABLES Amounts due from subsidiaries and related parties are unsecured, interest free and are repayable on demand. As at 31 January, amounts owed by subsidiaries and related parties were fully performing hence were not impaired. The Group and Company\u2019s exposure to credit risk relating to trade and other receivables are disclosed in Note 2. Trade receivables are stated net of provision for impairment.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Provision on trade receivables 161 145 \u2013 \u2013
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11477_doc_39": { "value": "1.9 Current and deferred tax The tax expense for the period comprises current and deferred tax. Tax is recognised in the statements of comprehensive income except to the extent that it relates to items recognised directly in other comprehensive income. In this case the tax is also recognised in other comprehensive income. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. However, deferred tax liabilities are not recognised if they arise from the initial recognition of goodwill; deferred tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Under this method the Group is required to make a provision for deferred taxes on the fair valuation of certain non-current assets. Such deferred tax is charged or credited directly to profit or loss. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income tax levied by the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11476_doc_39": { "value": "1.9 Current and deferred tax The tax expense for the period comprises current and deferred tax. Tax is recognised in the statements of comprehensive income except to the extent that it relates to items recognised directly in other comprehensive income. In this case the tax is also recognised in other comprehensive income. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. However, deferred tax liabilities are not recognised if they arise from the initial recognition of goodwill; deferred tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Under this method the Group is required to make a provision for deferred taxes on the fair valuation of certain non-current assets. Such deferred tax is charged or credited directly to profit or loss. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income tax levied by the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11492_doc_39": { "value": "1.10 Cash and cash equivalents Cash and cash equivalents are carried in the statements of financial position at face value. In the statements of cash flows, cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts, if any, are shown within borrowings in current liabilities in the statements of financial position. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11491_doc_39": { "value": "1.10 Cash and cash equivalents Cash and cash equivalents are carried in the statements of financial position at face value. In the statements of cash flows, cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts, if any, are shown within borrowings in current liabilities in the statements of financial position. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11259_doc_39": { "value": "1.11 Share capital and share premiumOrdinary shares are classified as equity. Amounts received in excess of par value are credited to share premium. Incremental costs directly attributable to the issue of new shares are shown in share premium as a deduction, net of tax, from the proceeds. Incremental costs directly attributable to the issue of new shares or for the acquisition of a business, are included in the cost of acquisition as part of the purchase consideration.Dividend distribution to the Company\u2019s shareholders is recognised as a liability in the Group\u2019s financial statements in the period in which the dividends are approved by the Company\u2019s shareholders.
Group and Company
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Authorised:
50,000,000 ordinary shares of \u20ac1 each 50,000 50,000
Issued and fully paid:
42,000,003 ordinary shares of \u20ac1 each 42,000 42,000
Share premium 2,833 2,833
Each ordinary share grants the right to one vote at Annual General Meetings. Only ordinary shares are issued in the Company. Every shareholder owning 12% of the ordinary issued share capital of the Company or more shall be entitled to appoint one director for each and every 12% of the ordinary share capital owned by such shareholder and such shareholder may remove, withdraw or replace such director at any time.On 12 November 2019, the Company invited its shareholders to subscribe to a rights issue of 12,000,003 at an issue price of \u20ac1.25 per share on the basis of 2 shares for every 5 shares held. As stated in the prospectus, the main intention was to obtain additional funds to primarily finance the Trident Park project. The issue was fully subscribed. The difference between the issue price of \u20ac1.25 per share and the nominal value of each share was accounted for in the Share Premium account. The related transaction costs amounting to \u20ac167,000 have been netted off against the share premium account.
Company
2026 2025
\u20ac\u2019000 \u20ac\u2019000
At beginning of the year, net of deferred tax 9,562 7,762
Fair value movements on investment property, net of deferred tax 5,369 1,800
At 31 January 14,931 9,562
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11258_doc_39": { "value": "1.11 Share capital and share premiumOrdinary shares are classified as equity. Amounts received in excess of par value are credited to share premium. Incremental costs directly attributable to the issue of new shares are shown in share premium as a deduction, net of tax, from the proceeds. Incremental costs directly attributable to the issue of new shares or for the acquisition of a business, are included in the cost of acquisition as part of the purchase consideration.Dividend distribution to the Company\u2019s shareholders is recognised as a liability in the Group\u2019s financial statements in the period in which the dividends are approved by the Company\u2019s shareholders.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11493_doc_39": { "value": "Dividend distribution to the Company\u2019s shareholders is recognised as a liability in the Group\u2019s financial statements in the period in which the dividends are approved by the Company\u2019s shareholders. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11260_doc_39": { "value": "1.12 BorrowingsBorrowings are recognised initially at the fair value of proceeds received, net of transaction costs incurred. Borrowings are subsequently carried at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least twelve months after the end of the reporting period.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11261_doc_39": { "value": "1.13 ProvisionsProvisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as finance cost.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11262_doc_39": { "value": "1.14 Trade and other payablesTrade payables comprise obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities.Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest metho", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11399_doc_39": { "value": ".1.15 Financial liabilitiesThe Group recognises a financial liability in its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group\u2019s financial liabilities are classified as financial liabilities which are not at fair value through profit or loss (classified as \u2018Other liabilities\u2019). These financial liabilities are recognised initially at fair value, being the fair value of consideration received, net of transaction costs that are directly attributable to the acquisition or the issue of the financial liability. These liabilities are subsequently measured at amortised cost. The Group derecognises a financial liability from its statement of financial position when the obligation specified in the contract or arrangement is discharged, is cancelled or expires", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11400_doc_39": { "value": ".1.16 Offsetting financial instrumentsFinancial assets and liabilities are offset and the net amount reported in the statements of financial position when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11401_doc_39": { "value": ".1.17 Revenue recognitionRevenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the Group\u2019s activities. Revenue is shown net of value-added tax or other sales taxes, returns, rebates and discounts. Revenue is recognised as follows:(a) Property related incomeRental income from investment property is recognised in profit or loss on a straight line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income, over the term of the lease. (b) Finance incomeFinance income is recognised on a time-proportion basis using the effective interest method. When a receivable is impaired, the Group reduces the carrying amount to its recoverable amount, being the estimated future cash flows discounted at the original effective interest rate of the instrument, and continues unwinding the discount as finance income", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11263_doc_39": { "value": "(b) Finance incomeFinance income is recognised on a time-proportion basis using the effective interest method. When a receivable is impaired, the Group reduces the carrying amount to its recoverable amount, being the estimated future cash flows discounted at the original effective interest rate of the instrument, and continues unwinding the discount as finance incom1.19 Borrowing costs Borrowing costs which are incurred for the purpose of acquiring or constructing qualifying property, plant and equipment or investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway, during the period of time that is required to complete and prepare the asset for its intended use. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended. All other borrowing costs are expensed. Borrowing costs are recognised for all interest-bearing instruments on an accrual basis using the effective interest method. Interest costs include the effect of amortising any difference between initial net proceeds and redemption value in respect of the Group\u2019s interest-bearing borrowings. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11265_doc_39": { "value": "1.18 Leases The Group and Company is the lessor Assets leased out under operating leases are included in investment property in the statement of financial position and are accounted for in accordance with accounting policy (Note 1.5). These assets are fair valued annually on a basis consistent with similarly owned investment property. Rental income from operating leases recognised in profit or loss on a straight-line basis over the lease term. The Group did not need to make any adjustments to the accounting for assets held as lessor as a result of the adoption of the new leasing standard. The Group and Company is a lessee Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the company. The Group\u2019s leasing activity and how this is accounted for. The Group and the Company have existing leases in relation to ground rent. These contracts are long term in nature and does not impose any covenants. From 1 February 2019, lease were recognised as right-of-use assets and corresponding liabilities at the date at which the leased asset were available for use by the company. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is amortised over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liability includes the net present value of the following lease payments: \u2022 fixed payments; \u2022 variable lease payments that are based on an index or a rate. The lease payments are discounted using the lessee\u2019s incremental borrowing rate, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions. To determine the incremental borrowing rate, the Group and the Company: \u2022 where possible, uses recent third-party financing received by the lessee as a starting point; \u2022 adjusted to reflect changes in financing conditions since third party financing was received; \u2022 uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk. Right-of-use assets are measured at cost comprising the following: \u2022 the amount of the initial measurement of the lease liability; \u2022 any lease payments made at or before the commencement date less any lease incentives received; and \u2022 any initial direct costs Payments associated with short-term leases and leases of low- value assets are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). For leases of properties, the following factors are normally the most relevant: \u2022 If there are significant penalties to terminate (or not extend), the Group and Company are typically reasonably certain to extend (or not terminate); \u2022 If any leasehold improvements are expected to have a significant remaining value, the Group and Company are typically reasonably certain to extend (or not terminate); \u2022 Otherwise, the Group and Company consider other factors including historical lease durations and the costs and business disruption required to replace the leased asset. The lease term is reassessed if an option is actually exercised (or not exercised) or the company becomes obliged to exercise (or not exercise) it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11269_doc_39": { "value": "1.19 Borrowing costs Borrowing costs which are incurred for the purpose of acquiring or constructing qualifying property, plant and equipment or investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway, during the period of time that is required to complete and prepare the asset for its intended use. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended. All other borrowing costs are expensed. Borrowing costs are recognised for all interest-bearing instruments on an accrual basis using the effective interest method. Interest costs include the effect of amortising any difference between initial net proceeds and redemption value in respect of the Group\u2019s interest-bearing borrowings. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11268_doc_39": { "value": "1.19 Borrowing costs Borrowing costs which are incurred for the purpose of acquiring or constructing qualifying property, plant and equipment or investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway, during the period of time that is required to complete and prepare the asset for its intended use. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended. All other borrowing costs are expensed. Borrowing costs are recognised for all interest-bearing instruments on an accrual basis using the effective interest method. Interest costs include the effect of amortising any difference between initial net proceeds and redemption value in respect of the Group\u2019s interest-bearing borrowings. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11266_doc_39": { "value": "1.19 Borrowing costs Borrowing costs which are incurred for the purpose of acquiring or constructing qualifying property, plant and equipment or investment property are capitalised as part of its cost. Borrowing costs are capitalised while acquisition or construction is actively underway, during the period of time that is required to complete and prepare the asset for its intended use. Capitalisation of borrowing costs is ceased once the asset is substantially complete and is suspended if the development of the asset is suspended. All other borrowing costs are expensed. Borrowing costs are recognised for all interest-bearing instruments on an accrual basis using the effective interest method. Interest costs include the effect of amortising any difference between initial net proceeds and redemption value in respect of the Group\u2019s interest-bearing borrowings", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11270_doc_39": { "value": "1.20 Earnings per share The Group presents basic earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the consolidated profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding at the end of the period. Where the company increases its share capital through a rights issue, comparative EPS is restated to reflect the situation as if the discount embedded within the rights issue had been in place at the beginning of the comparative period. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11383_doc_39": { "value": "2. FINANCIAL RISK MANAGEMENT 2.1 Financial risk factors (b) Credit risk The Group and Company measure credit risk and expected credit losses using probability of default, exposure at default and loss given default. Management considers both historical analysis and forward- looking information in determining any expected credit loss. The Group\u2019s and Company\u2019s exposure to credit risk is limited to the carrying amount of financial assets recognised at the reporting date, as summarised below. The Group and Company\u2019s exposures to credit risk as at the end of the reporting periods are analysed as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Financial assets measured at amortised cost
Trade and other receivables (Note 8) 577 486 34,437 34,540
Cash and cashequivalents (Note 9) 5,715 1,810 4,417 168
6,292 2,296 38,354 34,708
To measure the expected credit losses, trade receivables, other receivables and accrued income have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of revenue and recharges of common area maintenance and utility expenses over a period of time before the reporting date and the corresponding historical credit losses experienced within this period. The historical loss rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables. The company adjusts the historical loss rates based on expected changes in these factors. On that basis, the loss allowance for the Group as at 31 January 2026 amounted to \u20ac161,000 (2025: \u20ac145,000), while the Company recorded no loss allowances in both the current and previous financial year. No further analysis of these loss allowances have been disclosed in these financial statements as the overall allowances are not deemed material in the context of the group\u2019s financial position and performance. The Group monitors the performance of its receivables on a regular basis to identify expected collection losses, which are inherent in the Group\u2019s receivables, taking into account historical experience. The maximum exposure to credit risk at the end of the reporting period in respect of the financial assets mentioned above is equivalent to their carrying amount as disclosed in the respective notes to the financial statements. The Group holds collateral in the form of cash deposits received from tenants totalling to \u20ac1,693,000 (2025: \u20ac1,452,000) as security for rents and leases due. The Group\u2019s and the Company\u2019s operations are principally carried out in Malta and their revenues originate from clients based in Malta. The Group and Company assess the credit quality of its customers taking into account financial position, past experience and other factors. The loss allowances for financial assets are based on assumptions about risk of default and expected loss rates. The Group and Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on the Group\u2019s and Company\u2019s past history, existing market conditions as well as forward-looking estimates at the end of each reporting period. The Group has a diverse number of clients as tenants, the majority of which are unrelated to the Group, that operate in various different sectors of the market. The Group assessed the respective credit risk and concluded that these tenants are able to honour their contractual commitments. The Company\u2019s receivables comprise amounts due from subsidiaries which are considered to have low credit risk, and the loss allowance recognised during the period was therefore limited to 12 months expected losses. Management consider \u2018low credit risk\u2019 for instruments which have a low risk of default and the issuer has a strong capacity to meet its contractual cash flow obligations in the near term. This assessment takes into consideration the financial position, performance and other factors of the counterparty. Management monitors intra-group credit exposures on a regular basis and ensures timely performance of these assets in the context of overall Group liquidity management. The Group and Company take cognisance of the related party relationship with these entities and management does not expect any losses from non-performance or default. At 31 January 2026 and 2025, cash and cash equivalents are held with reputable European financial institutions. Management consider the probability of default to be close to zero as the counterparties have a strong capacity to meet their contractual obligations in the near term. As a result, no loss allowance has been recognised based on 12-month expected credit losses as any such impairment would be wholly insignificant to the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11382_doc_39": { "value": "2. FINANCIAL RISK MANAGEMENT 2.1 Financial risk factors (a) Market risk Cash flow interest rate risk The Group is exposed to the risk of fluctuating market interest rates. As the Group has no significant long-term interest-bearing assets, its income and operating cash flows are substantially independent of changes in market interest rates. Bank borrowings issued at variable rates, expose the Group to cash flow interest rate risk. Management monitors the level of floating rate borrowings as a measure of cash flow risk taken on. At the reporting date, if the interest rate increased or decreased by 3%, assuming a parallel shift of 300 basis points in yields (with the decrease adjusted to the Lender\u2019s base rate of 2.25% p.a., as the interest rate cannot fall below this level), and with all other variables held constant, the pre-tax result for the subsequent year would change by the following amount:
(+) 3% (-) 3%
\u20ac\u2019000 \u20ac\u2019000
At 31 January 2026 816 340
At 31 January 2025 849 481
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11402_doc_39": { "value": "2.1 Financial risk factorsThe Group\u2019s activities potentially expose it to a variety of financial risks: market risk (including cash flow interest rate risk), credit risk and liquidity risk. The Group\u2019s overall risk management focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group\u2019s financial performance. The Group\u2019s Board provides principles for overall Group risk management, as well as policies covering risks referred to above and specific areas such as investment of excess liquidity. The Group did not make use of derivative financial instruments to hedge certain risk exposures during the current and preceding financial years. (a) Market risk Cash flow interest rate risk The Group is exposed to the risk of fluctuating market interest rates. As the Group has no significant long-term interest-bearing assets, its income and operating cash flows are substantially independent of changes in market interest rates. Bank borrowings issued at variable rates, expose the Group to cash flow interest rate risk. Management monitors the level of floating rate borrowings as a measure of cash flow risk taken on. At the reporting date, if the interest rate increased or decreased by 3%, assuming a parallel shift of 300 basis points in yields (with the decrease adjusted to the Lender\u2019s base rate of 2.25% p.a., as the interest rate cannot fall below this level), and with all other variables held constant, the pre-tax result for the subsequent year would change by the following amount:
(+) 3% (-) 3%
\u20ac\u2019000 \u20ac\u2019000
At 31 January 2026 816 340
At 31 January 2025 849 481
(b) Credit risk The Group and Company measure credit risk and expected credit losses using probability of default, exposure at default and loss given default. Management considers both historical analysis and forward- looking information in determining any expected credit loss. The Group\u2019s and Company\u2019s exposure to credit risk is limited to the carrying amount of financial assets recognised at the reporting date, as summarised below. The Group and Company\u2019s exposures to credit risk as at the end of the reporting periods are analysed as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Financial assets measured at amortised cost
Trade and other receivables (Note 8) 577 486 34,437 34,540
Cash and cashequivalents (Note 9) 5,715 1,810 4,417 168
6,292 2,296 38,354 34,708
To measure the expected credit losses, trade receivables, other receivables and accrued income have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of revenue and recharges of common area maintenance and utility expenses over a period of time before the reporting date and the corresponding historical credit losses experienced within this period. The historical loss rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables. The company adjusts the historical loss rates based on expected changes in these factors. On that basis, the loss allowance for the Group as at 31 January 2026 amounted to \u20ac161,000 (2025: \u20ac145,000), while the Company recorded no loss allowances in both the current and previous financial year. No further analysis of these loss allowances have been disclosed in these financial statements as the overall allowances are not deemed material in the context of the group\u2019s financial position and performance. The Group monitors the performance of its receivables on a regular basis to identify expected collection losses, which are inherent in the Group\u2019s receivables, taking into account historical experience. The maximum exposure to credit risk at the end of the reporting period in respect of the financial assets mentioned above is equivalent to their carrying amount as disclosed in the respective notes to the financial statements. The Group holds collateral in the form of cash deposits received from tenants totalling to \u20ac1,693,000 (2025: \u20ac1,452,000) as security for rents and leases due. The Group\u2019s and the Company\u2019s operations are principally carried out in Malta and their revenues originate from clients based in Malta. The Group and Company assess the credit quality of its customers taking into account financial position, past experience and other factors. The loss allowances for financial assets are based on assumptions about risk of default and expected loss rates. The Group and Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on the Group\u2019s and Company\u2019s past history, existing market conditions as well as forward-looking estimates at the end of each reporting period. The Group has a diverse number of clients as tenants, the majority of which are unrelated to the Group, that operate in various different sectors of the market. The Group assessed the respective credit risk and concluded that these tenants are able to honour their contractual commitments. The Company\u2019s receivables comprise amounts due from subsidiaries which are considered to have low credit risk, and the loss allowance recognised during the period was therefore limited to 12 months expected losses. Management consider \u2018low credit risk\u2019 for instruments which have a low risk of default and the issuer has a strong capacity to meet its contractual cash flow obligations in the near term. This assessment takes into consideration the financial position, performance and other factors of the counterparty. Management monitors intra-group credit exposures on a regular basis and ensures timely performance of these assets in the context of overall Group liquidity management. The Group and Company take cognisance of the related party relationship with these entities and management does not expect any losses from non-performance or default. At 31 January 2026 and 2025, cash and cash equivalents are held with reputable European financial institutions. Management consider the probability of default to be close to zero as the counterparties have a strong capacity to meet their contractual obligations in the near term. As a result, no loss allowance has been recognised based on 12-month expected credit losses as any such impairment would be wholly insignificant to the Grou(c) Liquidity risk The Group and Company are exposed to liquidity risk in relation to meeting future obligations associated with its financial liabilities, which comprise principally lease liabilities (Note 5), trade and other payables (Note 13) and borrowings (Note 15). Prudent liquidity risk management includes maintaining sufficient cash and committed credit lines to ensure the availability of an adequate amount of funding to meet the Group\u2019s and Company\u2019s obligations. Management monitors liquidity risk by means of cash flow forecasts on the basis of expected cash flows over a twelve month period and ensures that adequate financing facilities are in place for the coming year. The Group ensures that it has enough cash on demand, within pre-established benchmarks, to meet expected operational expenses and servicing of financial obligations over specific short-term periods, excluding the potential impact of extreme circumstances that cannot reasonably be predicted. The Group\u2019s liquidity risk is actively managed taking cognisance of the matching of cash inflows and outflows arising from expected maturities of financial instruments, together with the Group\u2019s committed borrowing facilities and other financing that it can access to meet liquidity needs. The following table analyses the Group\u2019s and Company\u2019s financial liabilities into relevant maturity groupings based on the remaining period at the date of the statements of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within twelve months equal their carrying balances, as the impact of discounting is not significant.
GroupCarryingamountContractualcash flowsWithinone yearBetweenone tofive yearsMore thanfive years
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
31 January 2026
Lease liabilities (Note 5) 4,017 11,298 303 1,428 9,567
Trade and other payables (Note 13) 6,734 6,734 1,666 4,000 1,067
Borrowings (Note 15) 27,211 35,388 2,597 9,812 22,978
37,962 53,420 4,566 15,240 33,612
31 January 2025
Lease liabilities (Note 5) 3,992 11,709 254 863 10,592
Trade and other payables (Note 13) 2,850 2,850 1,564 \u2013 1,286
Borrowings (Note 15) 28,306 38,683 2,688 10,130 25,865
35,148 53,242 4,506 10,993 37,743
CompanyCarryingamountContractualcash flowsWithinone yearBetweenone tofive yearsMore thanfive years
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
31 January 2026
Lease liabilities (Note 5) 700 2,080 49 712 1,319
Trade and other payables (Note 13) 7,091 7,091 3,091 4,000 \u2013
7,791 9,171 3,140 4,712 1,319
31 January 2025
Lease liabilities (Note 5) 700 2,222 49 147 2,026
Trade and other payables (Note 13) 2,830 2,830 2,830 \u2013 \u2013
3,530 5,052 2,879 147 2,026
2.2 Capital risk management The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, issue new shares or sell assets to reduce debt. The Group monitored the level of capital on the basis of the ratio of aggregated net debt to total capital. Total debt is calculated as total borrowings (as shown in the statement of financial position) plus lease liabilities. Total capital is calculated as equity, as shown in the statement of financial position, plus total debt. The aggregated figures in respect of the group\u2019s equity and borrowings are reflected below
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Total borrowings (Note 15) 27,211 28,306
Lease liabilities (Note 5) 4,017 3,992
Total debt 31,228 32,298
Total equity 70,983 64,044
Total capital 102,211 96,342
Gearing 31% 33%
The group manages the relationship between equity injections and borrowings, being the constituent elements of capital as reflected above from period to period, with a view to managing the cost of capital. The level of capital of the group, as reflected in the statement of financial position, is maintained by reference to its respective financial obligations and commitments arising from operational requirements. In view of the nature of the group\u2019s activities and the extent of borrowings or debt, the capital level at the end of the reporting period is deemed adequate by management. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11271_doc_39": { "value": "(c) Liquidity riskThe Group and Company are exposed to liquidity risk in relation to meeting future obligations associated with its financial liabilities, which comprise principally lease liabilities (Note 5), trade and other payables (Note 13) and borrowings (Note 15). Prudent liquidity risk management includes maintaining sufficient cash and committed credit lines to ensure the availability of an adequate amount of funding to meet the Group\u2019s and Company\u2019s obligations. Management monitors liquidity risk by means of cash flow forecasts on the basis of expected cash flows over a twelve month period and ensures that adequate financing facilities are in place for the coming year. The Group ensures that it has enough cash on demand, within pre-established benchmarks, to meet expected operational expenses and servicing of financial obligations over specific short-term periods, excluding the potential impact of extreme circumstances that cannot reasonably be predicted. The Group\u2019s liquidity risk is actively managed taking cognisance of the matching of cash inflows and outflows arising from expected maturities of financial instruments, together with the Group\u2019s committed borrowing facilities and other financing that it can access to meet liquidity needs. The following table analyses the Group\u2019s and Company\u2019s financial liabilities into relevant maturity groupings based on the remaining period at the date of the statements of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within twelve months equal their carrying balances, as the impact of discounting is not significant.
GroupCarryingamountContractualcash flowsWithinone yearBetweenone tofive yearsMore thanfive years
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
31 January 2026
Lease liabilities (Note 5) 4,017 11,298 303 1,428 9,567
Trade and other payables (Note 13) 6,734 6,734 1,666 4,000 1,067
Borrowings (Note 15) 27,211 35,388 2,597 9,812 22,978
37,962 53,420 4,566 15,240 33,612
31 January 2025
Lease liabilities (Note 5) 3,992 11,709 254 863 10,592
Trade and other payables (Note 13) 2,850 2,850 1,564 \u2013 1,286
Borrowings (Note 15) 28,306 38,683 2,688 10,130 25,865
35,148 53,242 4,506 10,993 37,743
CompanyCarryingamountContractualcash flowsWithinone yearBetweenone tofive yearsMore thanfive years
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
31 January 2026
Lease liabilities (Note 5) 700 2,080 49 712 1,319
Trade and other payables (Note 13) 7,091 7,091 3,091 4,000 \u2013
7,791 9,171 3,140 4,712 1,319
31 January 2025
Lease liabilities (Note 5) 700 2,222 49 147 2,026
Trade and other payables (Note 13) 2,830 2,830 2,830 \u2013 \u2013
3,530 5,052 2,879 147 2,026
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11488_doc_39": { "value": "2.3 Fair values of instruments not carried at fair value At 31 January 2026 and 2025, the carrying amounts of cash at bank, trade and other receivables and trade and other payables reflected in the financial statements are reasonable estimates of fair value in view of the nature of these instruments or the relatively short period of time between the origination of the instruments and their expected realisation. The fair value of amounts owed by subsidiaries which are current or repayable on demand is equivalent to their carrying amount. The fair value of non-current financial instruments for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11487_doc_39": { "value": "2.3 Fair values of instruments not carried at fair value At 31 January 2026 and 2025, the carrying amounts of cash at bank, trade and other receivables and trade and other payables reflected in the financial statements are reasonable estimates of fair value in view of the nature of these instruments or the relatively short period of time between the origination of the instruments and their expected realisation. The fair value of amounts owed by subsidiaries which are current or repayable on demand is equivalent to their carrying amount. The fair value of non-current financial instruments for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11381_doc_39": { "value": "2.3 Fair values of instruments not carried at fair value At 31 January 2026 and 2025, the carrying amounts of cash at bank, trade and other receivables and trade and other payables reflected in the financial statements are reasonable estimates of fair value in view of the nature of these instruments or the relatively short period of time between the origination of the instruments and their expected realisation. The fair value of amounts owed by subsidiaries which are current or repayable on demand is equivalent to their carrying amount. The fair value of non-current financial instruments for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11568_doc_39": { "value": "3. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS Estimates and judgements are continually evaluated and based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors, the accounting estimates and judgements made in the course of preparing these financial statements, except as disclosed in Note 6, are not difficult, subjective or complex to a degree which would warrant their description as critical in terms of the requirements of IAS 1. ", "dimensions": { "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11567_doc_39": { "value": "3. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS Estimates and judgements are continually evaluated and based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors, the accounting estimates and judgements made in the course of preparing these financial statements, except as disclosed in Note 6, are not difficult, subjective or complex to a degree which would warrant their description as critical in terms of the requirements of IAS 1. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11378_doc_39": { "value": "4. PROPERTY, PLANT AND EQUIPMENT
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Year ended 31 January
Opening net book amount 57 81 39 55
Additions 24 2 24 2
Disposal - (1) - (1)
Disposal of depreciation - 1 - 1
Depreciation (14) (26) (7) (18)
Closing net book amount 67 57 56 39
At 31 January
Cost or valuation 217 193 185 161
Accumulated depreciation and impairment (150) (136) (129) (122)
Closing carrying amount 67 57 56 39
Depreciation charge for the financial year is included in operating and administrative expenses (Note 17). ", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11376_doc_39": { "value": "4. PROPERTY, PLANT AND EQUIPMENT
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Year ended 31 January
Opening net book amount 57 81 39 55
Additions 24 2 24 2
Disposal - (1) - (1)
Disposal of depreciation - 1 - 1
Depreciation (14) (26) (7) (18)
Closing net book amount 67 57 56 39
At 31 January
Cost or valuation 217 193 185 161
Accumulated depreciation and impairment (150) (136) (129) (122)
Closing carrying amount 67 57 56 39
Depreciation charge for the financial year is included in operating and administrative expenses (Note 17). 5. LEASES The Group and the Company have various lease agreements for ground rent which are all long-term in nature. The weighted average lessee\u2019s incremental borrowing rate applied to the lease liabilities is 5% (2025: 5%). (i) Amounts recognised in the statement of financial position
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Right\u2013of\u2013use\u2013assets
Land 3,540 3,623 574 589
Lease Liabilities
Current 118 37 16 13
Non-current 3,899 3,955 683 687
Total 4,017 3,992 699 700
(ii) Amounts recognised in the statement of comprehensive income
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Amortisation of right-of-use-assets (Note 17) 84 84 15 15
Interest expense (Note 20) 190 190 34 34
17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000). Auditor\u2019s fees Fees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11275_doc_39": { "value": "5. LEASESThe Group and the Company have various lease agreements for ground rent which are all long-term in nature. The weighted average lessee\u2019s incremental borrowing rate applied to the lease liabilities is 5% (2025: 5%).(i) Amounts recognised in the statement of financial position
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Right\u2013of\u2013use\u2013assets
Land 3,540 3,623 574 589
Lease Liabilities
Current 118 37 16 13
Non-current 3,899 3,955 683 687
Total 4,017 3,992 699 700
(ii) Amounts recognised in the statement of comprehensive income
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Amortisation of right-of-use-assets (Note 17) 84 84 15 15
Interest expense (Note 20) 190 190 34 34
The rental payments for leases in 2026 amounted to \u20ac165,000 (2025: \u20ac175,000) for the Group and \u20ac34,000 (2025: \u20ac34,000) for the Company. ", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11272_doc_39": { "value": "5. LEASESThe Group and the Company have various lease agreements for ground rent which are all long-term in nature. The weighted average lessee\u2019s incremental borrowing rate applied to the lease liabilities is 5% (2025: 5%).(i) Amounts recognised in the statement of financial position
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Right\u2013of\u2013use\u2013assets
Land 3,540 3,623 574 589
Lease Liabilities
Current 118 37 16 13
Non-current 3,899 3,955 683 687
Total 4,017 3,992 699 700
(ii) Amounts recognised in the statement of comprehensive income
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Amortisation of right-of-use-assets (Note 17) 84 84 15 15
Interest expense (Note 20) 190 190 34 34
The rental payments for leases in 2026 amounted to \u20ac165,000 (2025: \u20ac175,000) for the Group and \u20ac34,000 (2025: \u20ac34,000) for the Company. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11410_doc_39": { "value": "
Group 2026 2025
\u20ac\u2019000 \u20ac\u2019000
Year ended 31 January
Opening net book amount 99,428 97,267
Additions 376 161
Fair value movements 6,266 2,000
Closing net book value 106,070 99,428
At 31 January
Cost 73,274 72,898
Fair value movements 32,796 26,530
Net book amount 106,070 99,428
Additions for 2026 and 2025 pertain to commissioned finishings and fittings. Net fair value movements noted above comprise the following:
Group 2026 2025
\u20ac\u2019000 \u20ac\u2019000
Fair value gains on Investment Property 6,266 2,000
Company 2026 2025
\u20ac\u2019000 \u20ac\u2019000
Year ended 31 January
Opening carrying amount 29,985 27,985
Additions 23 \u2013
Fair value movements 5,966 2,000
Closing net book value 35,974 29,985
At 31 January
Cost 5,453 5,430
Fair value movements 30,521 24,555
Net book amount 35,974 29,985
Company 2026 2025
\u20ac\u2019000 \u20ac\u2019000
Fair value gains on investment property 5,966 2,000
Fair value of property The Group is required to analyse non-financial assets carried at fair value by level of the fair value hierarchy within which the recurring fair value measurements are categorised in their entirety (level 1, 2 or 3). The different levels of the fair value hierarchy have been defined as fair value measurements using: \u2022 Quoted prices (unadjusted) in active markets for identical assets (Level 1); \u2022 Inputs other than quoted prices included within Level 1 that are observable for the asset, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2); \u2022 Inputs for the asset that are not based on observable market data (that is, unobservable inputs) (Level 3). On 31 January 2026, the Directors approved the valuations of the Group\u2019s and Company\u2019s investment properties. These valuations were determined on the basis of open market values after considering the intrinsic value of the property and net potential returns. During the financial year ending 31 January 2026, these valuations resulted in a net increase in the value of investment property amounting to \u20ac6.3 million (2025: \u20ac2 million) in the case of the Group and \u20ac6 million (2025: \u20ac2 million) in the case of the Company. The current year fair value gain represents an uplift of \u20ac7 million following the signing of the promise of sale for the Trident House property in Marsa, fair value increases on other investment property amounting to \u20ac300,000 and a loss of fair value on the ex-Burger King property in Paceville amounting to \u20ac1 million to cover the property\u2019s period of inactivity and cost of repairs until said repair works are completed. The Trident House valuation takes into consideration the timings of the future cash flows arising from the deposits (amounting to \u20ac4 million in FY2026 and \u20ac1 million in FY 2027) and the balance payable on the deed (\u20ac24.25 million by 30 May 2028), discounted to their present values. Trident House is being classified as investment property as it does not yet meet the criteria for an asset held for sale as per IFRS 5. The prior year fair value gain was based on a series of offers received for the property from serious potential buyers as well as a court decision confirming title of a portion of land in the Group and Company\u2019s investment property portfolio. All the recurring property fair value measurements at 31 January 2026 use significant unobservable inputs and are accordingly categorised within level 3 of the fair valuation hierarchy. The Group\u2019s policy is to recognise transfers in and out of fair value hierarchy levels as of the beginning of the reporting period. There were no transfers between different levels of the fair value hierarchy during the year ended 31 January 2026. A reconciliation from the opening balance to the closing balance of investment property for recurring fair value measurements categorised within level 3 of the fair value hierarchy, is reflected in the table above. Valuation processes The valuations of the properties are performed regularly on the basis of valuation reports prepared by independent and qualified valuers. These reports are based on both: \u2022 information provided by the Group which is derived from the Group\u2019s financial systems and is subject to the Group\u2019s overall control environment; and \u2022 assumptions and valuation models used by the valuers - the assumptions are typically market related. These are based on professional judgement and market observation. The information provided to the valuers, together with the assumptions and the valuation models used by the valuers, are reviewed by the Chief Executive Officer. This includes a review of fair value movements over the period. When the Chief Executive Officer considers that the valuation report is appropriate, the valuation report is recommended to the Board. The Board considers the valuation report as part of its overall responsibilities. Valuation techniques The external valuations of the level 3 property have been performed using the discounted cash flow approach. Each property was valued using the method considered by the external valuers to be the most appropriate valuation method for that type of property; the method, together with the fair value measurements, was approved by the Board as described above. In the case of the discounted cashflow approach the significant unobservable inputs include: - a rental rate per square meter; - the current and expected occupancy rate; - future development and capital expenditure; - a discount rate (applied at 5.95% - 7.75%); and - a capitalisation rate used to derive the rate of the terminal value (applied at 5.5% - 7.5%). In the case for the property held for development and property held on promise of sale, the adjusted comparative sales approach was used.
Description by class Fair value Valuation techniqueSignificant unobservable inputRange ofunobservable Inputs
\u20ac\u2019000 \u20ac
As at 31 January 2026
Current use as commercial premises 79,070 Discounted cash flow approach Rental rate per square meter 53 \u2013 434
Held on promise of sale 27,000 Comparative sales approach Rate per square meter 1,986
As at 31 January 2025
Current use as commercial premises 79,428 Discounted cash flow approach Rental rate per square meter 53 \u2013 434
Held for future development 20,000 Comparative sales approach Rate per square meter 1,471
In respect of the discounted cash flow approach, the higher the annualised net cash inflows, and growth rate, the higher the fair value. Conversely, the lower the discount rate, the estimated development costs, and capitalisation rate used in calculating the annualised net cash inflows, the higher the fair value. The Group leases out a variety of different property types , such as parking spaces, warehousing, storage, offices and restaurants, all of which attract a wide range of rental rates per square meter depending on their location. In view of the limited number of sales of similar properties in the local market, the valuations have been performed using unobservable inputs. The significant unobservable inputs to the sales comparison approach is generally a sales price per square metre related to transactions in comparable properties located in proximity to the company\u2019s property, with significant adjustments for differences in the size, age, exact location and condition of the property. For this valuation approach, the highest and best use of properties which are held for future development differs from their current use. These assets mainly comprise properties which are currently partly used by tenants or which are currently vacant, and which would require development or refurbishment in order to access the maximum potential cash flows that may be generated from the properties\u2019 highest and best use. In the case of the sales comparison approach and the capitalised rentals approach, the higher the sales price per square metre or the rental rate per square metre, the higher the resultant fair valuation. Conversely, the lower the required development cost per square metre or the rental capitalisation rate, the higher the resultant fair valuation. The following amounts have been recognised in the statements of comprehensive income:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Rental income (Note 16) 6,057 5,520 948 991
Direct operating expenses arising from rental investment property (Note 17) (84) (84) (15) (15)
Direct operating expenses above relate to the amortisation of the right-of-use asset. In addition to the above, the Group and Company have incurred interest costs on the lease liabilities of \u20ac190,000 (2025: \u20ac190,000) and \u20ac34,000 (2025: \u20ac34,000) respectively classified under finance costs as disclosed in Notes 5 and 20. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11284_doc_39": { "value": "Direct operating expenses above relate to the amortisation of the right-of-use asset. In addition to the above, the Group and Company have incurred interest costs on the lease liabilities of \u20ac190,000 (2025: \u20ac190,000) and \u20ac34,000 (2025: \u20ac34,000) respectively classified under finance costs as disclosed in Notes 5 and 20.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Finance cost of lease liability (Note 5) 190 190 34 34
Interest costs (Note 15) 1,108 1,106 \u2013 \u2013
Other finance costs 36 34 \u2013 \u2013
1,334 1,330 34 34
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11285_doc_39": { "value": "7. INVESTMENT IN SUBSIDIARIES
Company
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Year ended 31 January
Opening net book amount 520 520
Transfer of advance payment to investment in subsidiaries 951 \u2013
Closing net book amount 1,471 520
At 31 January
Cost and carrying amount 1,471 520
During the financial year ended 31 January 2018, the Company entered into a promise of sale agreement to acquire the remaining 50% shareholding in Sliema Fort Company Limited from Food Chain Limited (a related party). This agreement is subject to approval by the Lands Authority as landlord of the leasehold property owned by this associate. In terms of the share acquisition agreement, the management and control of this investment is effectively held by the Company and accordingly this investment is being treated as an investment in subsidiary in the books of the Company and consolidated on a line by line basis in the Group accounts. The Company has made an advance payment amounting to \u20ac951,000 with respect to this acquisition. During the current financial year, the Lands Authority authorised the transfer of shares in Sliema Fort Company Limited (which holds the temporary emphyteusis of the Sliema Point Battery) owned by Food Chain Limited to Trident Estates plc. Subsequently, on 28 March 2025, Food Chain Limited transferred the remaining 574,500 shares, representing its 50% shareholding in Sliema Fort Company Limited, to Trident Estates p.l.c. This amount has been transferred to investment in subsidiary in the statement of financial position. The principal subsidiaries, all of which are unlisted, are disclosed in Note 28 to these financial statements. 28. SUBSIDIARIES The principal subsidiaries at 31 January 2026 and 2025 are shown below:
Registered office Principal activities Percentage of shares held
2026 2025
% %
Mensija Catering Company LimitedTrident ParkNotabile Gardens, No. 4 Level 0,Mdina Road, Zone 2,Central BusinessDistrict, BirkirkaraProperty leasing100100
Neptune Properties LimitedTrident ParkNotabile Gardens, No. 4 Level 0,Mdina Road, Zone 2,Central BusinessDistrict, BirkirkaraNon-operating100100
Trident Park LimitedTrident ParkNotabile Gardens, No. 4 Level 0,Mdina Road, Zone 2,Central BusinessDistrict, BirkirkaraProperty development and leasing100100
Sliema Fort Company Limited (Note 7)Trident ParkNotabile Gardens, No. 4 Level 0,Mdina Road, Zone 2,Central BusinessDistrict, BirkirkaraProperty leasing100 50
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11372_doc_39": { "value": "8. TRADE AND OTHER RECEIVABLES Amounts due from subsidiaries and related parties are unsecured, interest free and are repayable on demand. As at 31 January, amounts owed by subsidiaries and related parties were fully performing hence were not impaired. The Group and Company\u2019s exposure to credit risk relating to trade and other receivables are disclosed in Note 2. Trade receivables are stated net of provision for impairment. 13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date. 26. RELATED PARTY TRANSACTIONS The following companies (and their respective subsidiaries) are considered to be related parties by virtue of their shareholding in the Company:
Percentage of shares held
2026 2025
% %
Farrugia Investments Limited 24.93 24.93
M.S.M. Investments Limited 25.06 25.06
Sciclunas Estates Limited 24.89 24.89
The remaining 25.12% of the shares are widely held. The shareholdings of the above-mentioned companies remain the same despite the rights issue which took place during the year. The directors make particular reference to the fact that Simonds Farsons Cisk plc and its subsidiaries are considered to be related parties due to common directors and the common shareholding. During the financial year, on 6 October 2025, Quinco Holdings plc spun-off from Simonds Farsons Cisk plc and was listed on the Malta Stock Exchange. Consequently, Quinco Holdings plc and its subsidiaries are also considered to be related parties due to common directors and common shareholding. The following operational transactions were carried out with related parties:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
From related parties
\u2013 Rental income 734 786 529 572
Expenditure for goods and services
From parent and related parties
- Recharged general expenses - related party (56) (72) \u2013 \u2013
- Recharged payroll expenses - related party (15) \u2013 \u2013 \u2013
- Recharged payroll expenses - to subsidiary \u2013 \u2013 (782) (698)
Key management personnel compensation for 2026 and 2025, consisting of directors\u2019 and senior management remuneration, is disclosed as follows:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Directors 202 202
Senior Management 370 350
572 552
Amounts due from/to fellow subsidiaries, are disclosed in Notes 8 and 13 of these financial statements ", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11371_doc_39": { "value": "8. TRADE AND OTHER RECEIVABLES Amounts due from subsidiaries and related parties are unsecured, interest free and are repayable on demand. As at 31 January, amounts owed by subsidiaries and related parties were fully performing hence were not impaired. The Group and Company\u2019s exposure to credit risk relating to trade and other receivables are disclosed in Note 2. Trade receivables are stated net of provision for impairment. 13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11369_doc_39": { "value": "8. TRADE AND OTHER RECEIVABLES Amounts due from subsidiaries and related parties are unsecured, interest free and are repayable on demand. As at 31 January, amounts owed by subsidiaries and related parties were fully performing hence were not impaired. The Group and Company\u2019s exposure to credit risk relating to trade and other receivables are disclosed in Note 2. Trade receivables are stated net of provision for impairment.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Provision on trade receivables 161 145 \u2013 \u2013
14. PROVISION FOR LIABILITIES AND CHARGES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non\u2013current
Provision for liabilities and charges 833 981 \u2013 \u2013
Provision for liabilities and charges relates to potential refund of initially recovered fiscal costs on capital expenditure incurred on office space within the Trident Park project that is expected to be leased out to entities that are not registered under Article 10 of the VAT Act. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11365_doc_39": { "value": "8. TRADE AND OTHER RECEIVABLESAmounts due from subsidiaries and related parties are unsecured, interest free and are repayable on demand. As at 31 January, amounts owed by subsidiaries and related parties were fully performing hence were not impaired. The Group and Company\u2019s exposure to credit risk relating to trade and other receivables are disclosed in Note 2.Trade receivables are stated net of provision for impairment.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Provision on trade receivables 161 145 \u2013 \u2013
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11363_doc_39": { "value": "8. TRADE AND OTHER RECEIVABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Current
Trade receivables - net 394 352 104 59
Amounts due from subsidiaries \u2013 \u2013 34,266 34,481
Amounts due from related parties 183 132 67 \u2013
Indirect taxation \u2013 2 \u2013 \u2013
Prepayments and accrued income 862 833 118 223
1,439 1,319 34,555 34,763
Amounts due from subsidiaries and related parties are unsecured, interest free and are repayable on demand. As at 31 January, amounts owed by subsidiaries and related parties were fully performing hence were not impaired. The Group and Company\u2019s exposure to credit risk relating to trade and other receivables are disclosed in Note 2.Trade receivables are stated net of provision for impairment.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Provision on trade receivables 161 145 \u2013 \u2013
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Cash at bank and in hand 1,717 1,810 419 168
Treasury bills 3,998 \u2013 3,998 \u2013
Total cash and cash equivalents 5,715 1,810 4,417 168
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11374_doc_39": { "value": "9. CASH AND CASH EQUIVALENTS For the purposes of the statements of cash flows, the cash and cash equivalents at the end of the reporting period comprise the following: The Group assessed the impairment for all classes of assets under IFRS 9 and the identified expected credit loss on cash and cash equivalents for was not material and thus it was not reflected in the Group\u2019s and Company\u2019s financial statements.Treasury bills were redeemed after the reporting period on 12 February 2026", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11373_doc_39": { "value": "9. CASH AND CASH EQUIVALENTS For the purposes of the statements of cash flows, the cash and cash equivalents at the end of the reporting period comprise the following:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Cash at bank and in hand 1,717 1,810 419 168
Treasury bills 3,998 \u2013 3,998 \u2013
Total cash and cash equivalents 5,715 1,810 4,417 168
The Group assessed the impairment for all classes of assets under IFRS 9 and the identified expected credit loss on cash and cash equivalents for was not material and thus it was not reflected in the Group\u2019s and Company\u2019s financial statements.Treasury bills were redeemed after the reporting period on 12 February 2026. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11287_doc_39": { "value": "10. SHARE CAPITAL AND SHARE PREMIUM
Group and Company
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Authorised:
50,000,000 ordinary shares of \u20ac1 each 50,000 50,000
Issued and fully paid:
42,000,003 ordinary shares of \u20ac1 each 42,000 42,000
Share premium 2,833 2,833
Each ordinary share grants the right to one vote at Annual General Meetings. Only ordinary shares are issued in the Company. Every shareholder owning 12% of the ordinary issued share capital of the Company or more shall be entitled to appoint one director for each and every 12% of the ordinary share capital owned by such shareholder and such shareholder may remove, withdraw or replace such director at any timeOn 12 November 2019, the Company invited its shareholders to subscribe to a rights issue of 12,000,003 at an issue price of \u20ac1.25 per share on the basis of 2 shares for every 5 shares held. As stated in the prospectus, the main intention was to obtain additional funds to primarily finance the Trident Park project. The issue was fully subscribed. The difference between the issue price of \u20ac1.25 per share and the nominal value of each share was accounted for in the Share Premium account. The related transaction costs amounting to \u20ac167,000 have been netted off against the share premium account. Share premium includes any premiums received on the issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium, net of any related income tax benefits. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11290_doc_39": { "value": "11. FAIR VALUE GAINS RESERVE
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
At beginning of year, net of deferred tax 11,842 10,042
Fair value movements on investment property, net of deferred tax 5,639 1,800
At 31 January 17,481 11,842
The fair value gains reserve was created on the fair valuation of the Group\u2019s and Company\u2019s investment property. Related deferred tax was debited to this reserve. This reserve is a non-distributable reserve. ", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11292_doc_39": { "value": "12. DEFERRED TAXATION Deferred taxes are calculated on all temporary differences under the liability method and are measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates (and tax laws) that have been enacted by the end of the reporting period. The principal tax rate used is 35% (2025: 35%), with the exception of deferred taxation on the fair valuation of non-depreciable property which is computed on the basis applicable to disposals of immovable property, that is, a tax effect of 10% (2025: 10%) of the transfer value. The movement in the deferred tax account is as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At the beginning of the year 3,499 2,682 2,998 2,798
Deferred tax on temporary differences arising on:
Recognised directly in profit or loss 1,333 817 596 200
At end of year 4,832 3,499 3,594 2,998
Deferred income tax assets and liabilities are offset when the taxes concerned relate to the same fiscal authority. The following amounts are disclosed in the statement of financial position as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Deferred tax liabilities (4,832) (3,499) (3,594) (2,998)
The balances at 31 January represents temporary differences on:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Fair valuation of investment property. 3,925 3,299 3,570 2,974
Unutilised tax losses carried forward (336) (336) \u2013 \u2013
Unutilised capital allowances (2,066) (2,100) 24 24
Temporary differences on expected credit loss allowance (57) (51) \u2013 \u2013
Temporary differences on non current assets 3,366 2,687 \u2013 \u2013
4,832 3,499 3,594 2,998
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11310_doc_39": { "value": "13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11308_doc_39": { "value": "13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11306_doc_39": { "value": "13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11300_doc_39": { "value": "13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date.", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11297_doc_39": { "value": "13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the14. PROVISION FOR LIABILITIES AND CHARGES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non\u2013current
Provision for liabilities and charges 833 981 \u2013 \u2013
Provision for liabilities and charges relates to potential refund of initially recovered fiscal costs on capital expenditure incurred on office space within the Trident Park project that is expected to be leased out to entities that are not registered under Article 10 of the VAT Act. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11295_doc_39": { "value": "13. TRADE AND OTHER PAYABLES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non-current
Other payables 1,068 1,286 \u2013 \u2013
Liability arising from promise of sale of Investment Property 4,000 \u2013 4,000 \u2013
Trade and other payables 5,068 1,286 4,000 \u2013
Current
Trade payables 608 305 41 28
Amounts owed to subsidiaries \u2013 \u2013 3,044 2,796
Amounts owed to related parties 6 9 6 6
Indirect taxes and social security 354 309 20 21
Other payables 625 166 \u2013 \u2013
Rententions payable 427 1,084 \u2013 \u2013
Accruals and deferred income 1,752 2,105 379 366
3,772 3,978 3,490 3,217
Total trade and other payables 8,840 5,264 7,490 3,217
Amounts owed to subsidiaries and related parties are unsecured, interest free and are repayable on demand. Other payables amounting to \u20ac1,693,000 (2025: \u20ac1,286,000) represent security deposits paid by tenants which will be refunded upon termination of lease agreement. The classification of these deposits reflects the remaining lease terms and the termination rights under the relevant agreements at the reporting date.", "dimensions": { "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11313_doc_39": { "value": "14. PROVISION FOR LIABILITIES AND CHARGES
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non\u2013current
Provision for liabilities and charges 833 981 \u2013 \u2013
Provision for liabilities and charges relates to potential refund of initially recovered fiscal costs on capital expenditure incurred on office space within the Trident Park project that is expected to be leased out to entities that are not registered under Article 10 of the VAT Act. ", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11317_doc_39": { "value": "15 . BORROWINGS
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non\u2013current
Bank loan 25,566 26,736 \u2013 \u2013
Current
Bank loan 1,645 1,570 \u2013 \u2013
Total borrowings 27,211 28,306 \u2013 \u2013
Movements in borrowings:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At beginning of year 28,306 27,614 \u2013 \u2013
Drawdowns 560 2,135 \u2013 \u2013
Interest charges (Note 20) 1,108 1,106 \u2013 \u2013
Principal and interest repayments (2,763) (2,549) \u2013 \u2013
Bank loan 27,211 28,306 \u2013 \u2013
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At variable rate 27,211 28,306 \u2013 \u2013
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Between 1 and 2 years 1,645 1,567 \u2013 \u2013
Between 2 and 5 years 4,934 6,279 \u2013 \u2013
Over 5 years 18,897 18,890 \u2013 \u2013
25,566 26,736 \u2013 \u2013
", "dimensions": { "concept": "ifrs-full:DisclosureOfCollateralExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11314_doc_39": { "value": "15 . BORROWINGS
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Non\u2013current
Bank loan 25,566 26,736 \u2013 \u2013
Current
Bank loan 1,645 1,570 \u2013 \u2013
Total borrowings 27,211 28,306 \u2013 \u2013
Movements in borrowings:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At beginning of year 28,306 27,614 \u2013 \u2013
Drawdowns 560 2,135 \u2013 \u2013
Interest charges (Note 20) 1,108 1,106 \u2013 \u2013
Principal and interest repayments (2,763) (2,549) \u2013 \u2013
Bank loan 27,211 28,306 \u2013 \u2013
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At variable rate 27,211 28,306 \u2013 \u2013
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Between 1 and 2 years 1,645 1,567 \u2013 \u2013
Between 2 and 5 years 4,934 6,279 \u2013 \u2013
Over 5 years 18,897 18,890 \u2013 \u2013
25,566 26,736 \u2013 \u2013
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11349_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At variable rate 27,211 28,306 \u2013 \u2013
24. COMMITMENTS Operating lease commitments \u2013 where Group and Company are a lessor These leases principally relate to property rentals. The future minimum lease payments receivable under non-cancellable operating leases are as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Not later than 1 year 4,826 4,853 839 871
Between 1 and 2 years 3,764 4,698 507 839
Between 2 and 3 years 2,736 3,460 345 506
Between 3 and 4 years 1,944 2,712 72 344
Between 4 and 5 years 1,900 2,088 31 71
Later than 5 years 2,094 3,954 \u2013 103
17,264 21,765 1,794 2,734
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11351_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
At variable rate 27,211 28,306 \u2013 \u2013
Operating lease commitments \u2013 where Group and Company are a lessorThese leases principally relate to property rentals. The future minimum lease payments receivable under non-cancellable operating leases are as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Not later than 1 year 4,826 4,853 839 871
Between 1 and 2 years 3,764 4,698 507 839
Between 2 and 3 years 2,736 3,460 345 506
Between 3 and 4 years 1,944 2,712 72 344
Between 4 and 5 years 1,900 2,088 31 71
Later than 5 years 2,094 3,954 \u2013 103
17,264 21,765 1,794 2,734
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11321_doc_39": { "value": "16. REVENUE All the Group and Company\u2019s revenue, which arises solely in Malta, is derived from rental income on properties rented out.This income is considered as a single segment under IFRS 8.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Rental and other related income 6,057 5,520 948 991
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11320_doc_39": { "value": "16. REVENUE All the Group and Company\u2019s revenue, which arises solely in Malta, is derived from rental income on properties rented out.This income is considered as a single segment under IFRS 8.
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Rental and other related income 6,057 5,520 948 991
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11322_doc_39": { "value": "17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000).Auditor\u2019s feesFees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm.", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11336_doc_39": { "value": "17. EXPENSES BY NATURE Auditor\u2019s feesFees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11334_doc_39": { "value": "17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000). Auditor\u2019s fees Fees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm. 18. EMPLOYEE BENEFIT EXPENSE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Wages and salaries 467 413 467 413
Social security costs 17 17 17 17
484 430 484 430
Recharged to subsidiaries \u2013 \u2013 (373) (326)
484 430 111 104
Classified under:
Statement of comprehensive income - Operating and administrative expenses 484 430 111 104
The average number of full time employees employed during the year.
Group Company
2026 2025 2026 2025
Administration 10 8 10 8
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11330_doc_39": { "value": "17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000).Auditor\u2019s feesFees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11328_doc_39": { "value": "17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000).Auditor\u2019s feesFees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm.18. EMPLOYEE BENEFIT EXPENSE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Wages and salaries 467 413 467 413
Social security costs 17 17 17 17
484 430 484 430
Recharged to subsidiaries \u2013 \u2013 (373) (326)
484 430 111 104
Classified under:
Statement of comprehensive income - Operating and administrative expenses 484 430 111 104
The average number of full time employees employed during the year.
Group Company
2026 2025 2026 2025
Administration 10 8 10 8
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11326_doc_39": { "value": "17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000).Auditor\u2019s feesFees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm.18. EMPLOYEE BENEFIT EXPENSE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Wages and salaries 467 413 467 413
Social security costs 17 17 17 17
484 430 484 430
Recharged to subsidiaries \u2013 \u2013 (373) (326)
484 430 111 104
Classified under:
Statement of comprehensive income - Operating and administrative expenses 484 430 111 104
The average number of full time employees employed during the year.
Group Company
2026 2025 2026 2025
Administration 10 8 10 8
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11324_doc_39": { "value": "17. EXPENSES BY NATURE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Depreciation of property, plant and equipment (Note 4) 14 26 7 18
Amortisation charge on right-of use asset (Note 5) 84 84 15 15
Directors remuneration (Note 19) 202 202 30 30
Employee benefit expense (Note 18) 484 430 111 104
Auditor's remuneration 53 51 35 33
Provision for impairment of receivables 17 31 \u2013 \u2013
Property related expenses 356 376 \u2013 \u2013
Other expenses 552 445 234 232
Other direct costs 261 260 \u2013 \u2013
Total operating and administrative expenses 2,024 1,905 432 432
Property related expenses, before recharges to tenants, amounted to \u20ac1,057,000 (2025: \u20ac1,083,000).Auditor\u2019s feesFees charged by the auditor for services rendered during the financial periods ended 31 January 2026 and 2025 relate to the following:
Group
2026 2025
\u20ac\u2019000 \u20ac\u2019000
Annual statutory audit 53 51
Tax advisory and compliance service 7 15
Other assurance services 7 11
67 77
Other non-assurance services have been charged to the Group by separate affiliated entities of the audit firm.", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11339_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Directors' remuneration paid 202 202 202 202
Recharged to subsidiary \u2013 \u2013 (172) (172)
202 202 30 30
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11340_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Finance cost of lease liability (Note 5) 190 190 34 34
Interest costs (Note 15) 1,108 1,106 \u2013 \u2013
Other finance costs 36 34 \u2013 \u2013
1,334 1,330 34 34
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11341_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Finance cost of lease liability (Note 5) 190 190 34 34
Interest costs (Note 15) 1,108 1,106 \u2013 \u2013
Other finance costs 36 34 \u2013 \u2013
1,334 1,330 34 34
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11342_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Finance cost of lease liability (Note 5) 190 190 34 34
Interest costs (Note 15) 1,108 1,106 \u2013 \u2013
Other finance costs 36 34 \u2013 \u2013
1,334 1,330 34 34
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11343_doc_39": { "value": "
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Finance cost of lease liability (Note 5) 190 190 34 34
Interest costs (Note 15) 1,108 1,106 \u2013 \u2013
Other finance costs 36 34 \u2013 \u2013
1,334 1,330 34 34
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11345_doc_39": { "value": "21. TAX EXPENSE
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Current tax expense 274 290 216 221
Deferred tax expense 1,333 817 597 200
1,607 1,107 813 421
The tax on the Group\u2019s and Company\u2019s profit before tax differs from the theoretical amount that would arise using the basic tax rate as follows:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Profit before tax 9,046 4,376 6,466 2,526
Tax on profit at 35% 3,166 1,532 2,263 884
Tax effect of:
Expenses not allowable for tax purposes 208 196 160 160
Maintenance allowance on rental income (42) (48) (38) (38)
Income taxed at reduced rates (159) (99) (81) (85)
Tax rules applicable to immovable property (1,566) (500) (1,491) (500)
Unrecognised deferred tax in prior year \u2013 16 \u2013 \u2013
Other \u2013 10 \u2013 \u2013
Tax expense 1,607 1,107 813 421
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11392_doc_39": { "value": "22. CASH GENERATED FROM OPERATIONS Reconciliation of operating profit to cash generated from operations:
Group Company
2026 2025 2026 2025
\u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000 \u20ac\u2019000
Operating profit 4,096 3,706 516 560
Adjustments for:
Depreciation of property, plant and equipment (Notes 4 and 17) 14 26 7 18
Amortisation charge of right-of-use asset (Notes 5 and 17) 84 84 15 15
Changes in working capital:
Trade and other receivables (120) 130 208 (677)
Trade and other payables (200) (1,806) 273 225
Cash generated from operations 3,874 2,140 1,019 140
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11347_doc_39": { "value": "23. EARNINGS PER SHARE Earnings per share is based on the profit for the financial year attributable to the shareholders of Trident Estates plc divided by the weighted average number of ordinary shares in issue during the year and ranking for dividend.
Group
2026 2025
Profit from operations excluding fair value movements (\u20ac\u2019000) 1,800 1,469
Profit from fair value movements (\u20ac\u2019000) 5,639 1,800
Profit attributable to shareholders (\u20ac\u2019000) 7,439 3,269
Weighted average number of ordinary shares in issue (thousands) 42,000 42,000
Earnings per share attributable to profits excluding fair value movements (\u20ac) 0.043 0.035
Earnings per share attributable to fair value movements (\u20ac) 0.134 0.043
Earnings per share for the year attributable to shareholders (\u20ac) 0.177 0.078
Basic and diluted EPS equates to the same amount as there are no potentially diluted shares in issue. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11580_doc_39": { "value": "25. DIVIDENDS The Board will be proposing to the forthcoming Annual General Meeting (AGM) the payment of a final net dividend for the year under review of \u20ac750,000 (equivalent to \u20ac0.0179 per share). Subject to AGM approval on 25 June 2026, this dividend will be paid to shareholders on the 26 June 2026. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11559": { "value": "750000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00", "unit": "ISO4217:EUR" } }, "mapping_11560": { "value": "0.0179", "decimals": 4, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00", "unit": "ISO4217:EUR/xbrli:shares" } }, "mapping_11577_doc_39": { "value": "27. STATUTORY INFORMATION Trident Estates plc is a public limited liability company incorporated in Malta. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11356_doc_39": { "value": "public limited liability company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11574_doc_39": { "value": "29. SEGMENT REPORTING Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker, which has been identified as the Board of Directors as the main body who assesses the financial performance and position of the group and makes strategic decisions. The Board has identified one single reporting segment which is the group's core business of managing its consolidated property portfolio. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } }, "mapping_11573_doc_39": { "value": "29. SEGMENT REPORTING Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker, which has been identified as the Board of Directors as the main body who assesses the financial performance and position of the group and makes strategic decisions. The Board has identified one single reporting segment which is the group's core business of managing its consolidated property portfolio. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:635400OFBLZGT1KLUV50", "period": "2025-02-01T00:00:00/2026-02-01T00:00:00" } } } }