Contents of the Financial Statements

for the Period Ended 29 January 2022

Directors' report period ended 29 January 2022

The directors present their report with the financial statements of the company for the period ended 29 January 2022

Directors

The directors shown below have held office during the whole of the period from
31 January 2021 to 29 January 2022

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 December 2022

And signed on behalf of the board by:
Name: David Gillian-Reid
Status: Director

Profit And Loss Account

for the Period Ended 29 January 2022

Balance sheet

As at 29 January 2022

The notes form part of these financial statements

Balance sheet statements

For the year ending 29 January 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 29 January 2022

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  2 Accounting policiesThe accounting policies set out below have, unless otherwise stated, been applied consistently to all periodspresented in these financial statements.2.1 Basis of preparationThese financial statements of schuh (holdings) limited are presented for a period of 52 weeks ended 29 January2022. The comparative period information is presented for the 52 weeks ended 30 January 2021.The financial statements have been prepared in sterling, the functional currency of the company. Monetaryamounts in these financial statements have been rounded to the nearest £1,000.schuh (holdings) limited is a private company limited by shares incorporated and domiciled in Scotland, UnitedKingdom.2.2 Statement of complianceThese company financial statements were prepared in accordance with Financial Reporting Standard 102 TheFinancial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") as issued in March2018, which reflects the amendments made as part of the Triennial Review 2017. The Triennial Reviewamendments have not had any material impact on the financial statements of the company . The presentationcurrency of these financial statements is sterling.The company has taken advantage of the exemption available under section 400 of the Companies Act 2006from the requirement to prepare group financial statements as it is a wholly owned subsidiary of Genesco Inc,which prepares publicly available group financial statements which include the results of the company and itssubsidiaries. The company's financial statements therefore purely reflect the company as an individualundertaking.2.4 Judgements and key sources of estimation uncertaintyThe preparation of the financial statements requires management to make judgements, estimates andassumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and theamounts reported for revenues and expenses during the period. However, the nature of estimation means thatactual outcomes could differ from those estimates.The Directors do not consider there to be any individual critical accounting judgements which impact thepreparation of the financial statements.Key accounting estimatesImpairment of investmentsWhere there are indicators of impairment of individual assets, the company performs impairment tests based ona value in use calculation. The value in use calculation is based on a discounted cash flow model. The cashflows are derived from the budget for the next five years and do not include restructuring activities that thecompany is not yet committed to or significant future investments that will enhance the asset's performance ofthe cash generating unit being tested. The recoverable amount is most sensitive to the discount rate used for thediscounted cash flow model as well as the expected future cash flows and the growth rate used for extrapolationpurposes.2.5 Going concernThe Company’s Directors have assessed the company's financial position for a period of 12 months from thedate of approval of the full year results, covering the period through to 31 January 2023.The company is a holding company. It does not trade and has no outgoings. The Directors have considered thefinancial position of the company and do not expect any change in this position during the period to 31 January2023. The company has no liabilities.Based on the above, the Directors are confident that the company can continue to operate for a period of at least12 months from the date of these accounts and therefore these accounts have been prepared on a going concernbasis.2.6 Revenue RecognitionDividend revenue is recognised when the company's right to receive payment is established.2.7 InvestmentsInvestments in subsidiary undertakings are stated at cost less any provisions for impairment.Investments are considered for impairment via the ultimate parent company (Genesco Inc.) in conjunction withKPMG US LLP, there were no indicators for impairment during the current or comparative periods.2.8 TaxationDeferred tax is provided on timing differences which arise from the inclusion of income and expenses in taxassessments in periods different from those in which they are recognised in the financial statements. Thefollowing timing differences are not provided for: differences between accumulated depreciation and taxallowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have beenmet; and differences relating to investments in subsidiaries, to the extent that it is not probable that they willreverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference.Deferred tax is not recognised on permanent differences arising because certain types of income or expense arenon-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller thanthe corresponding income or expense.Deferred tax is provided in respect of the additional tax that will be paid or avoided on differences between theamount at which an asset (other than goodwill) or liability is recognised in a business combination and thecorresponding amount that can be deducted or assessed for tax. Goodwill is adjusted by the amount of suchdeferred tax. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the relateddifference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances arenot discounted.

Notes to the Financial Statements

for the Period Ended 29 January 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	0	0