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REGISTERED NUMBER: 04414422 (England and Wales)






Audited Financial Statements

for the Year Ended 31st December 2024

for

LIGHTHOUSE (UK) LIMITED

LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Balance Sheet
31st December 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
81,900 Intangible assets 4 -
253,214 Tangible assets 5 297,933
89 Investments 6 89
335,203 298,022

CURRENT ASSETS
1,710,705 Stocks 1,302,482
1,178,478 Debtors 7 722,600
17,243,315 Cash at bank and in hand 21,246,631
20,132,498 23,271,713
CREDITORS
906,030 Amounts falling due within one year 8 898,170
19,226,468 NET CURRENT ASSETS 22,373,543

19,561,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,671,565

26,023 PROVISIONS FOR LIABILITIES 10 36,015
19,535,648 NET ASSETS 22,635,550

CAPITAL AND RESERVES
100 Called up share capital 11 100
19,535,548 Retained earnings 22,635,450
19,535,648 SHAREHOLDERS' FUNDS 22,635,550

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th May 2025 and were signed on its behalf by:





S Ashley - Director


LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Lighthouse (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04414422

Registered office: 1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", Section 1A Small Entities and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Going Concern

These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Lighthouse (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking form a small group.

Related party exemption
As the company is a wholly owned subsidiary of the group ultimately headed by MaxCo Limited, the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions or balances with entities which form part of the group. The consolidated financial statements of MaxCo Limited, within which this company is included, can be obtained from the address given in the ultimate controlling party note.

LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Turnover
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

All income is in respect of the sale of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019 is being amortised evenly over its estimated useful life of five years in line with group policy and the expected useful life of the underlying assets acquired.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are measured at cost at the date of purchase.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on written down values
Office equipment - 15% on written down values
Motor vehicles - 25% on written down values
Computer equipment - 25% on written down values

Investments in subsidiaries
Investments in subsidiary undertakings are recognized at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads where applicable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

2. ACCOUNTING POLICIES - continued
Current and deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1st January 2024
and 31st December 2024 547,930
Amortisation
At 1st January 2024 466,030
Charge for year 81,900
At 31st December 2024 547,930
Net book value
At 31st December 2024 -
At 31st December 2023 81,900

LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

5. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
Totals machinery equipment vehicles equipment
£    £    £    £    £   
Cost
At 1st January 2024 750,962 393,460 35,792 248,288 73,422
Additions 114,429 60,087 2,485 37,705 14,152
Disposals (56,827 ) - - (34,653 ) (22,174 )
At 31st December 2024 808,564 453,547 38,277 251,340 65,400
Depreciation
At 1st January 2024 497,748 299,529 12,614 150,290 35,315
Charge for year 67,307 20,390 4,515 27,198 15,204
Eliminated on disposal (54,424 ) - - (32,250 ) (22,174 )
At 31st December 2024 510,631 319,919 17,129 145,238 28,345
Net book value
At 31st December 2024 297,933 133,628 21,148 106,102 37,055
At 31st December 2023 253,214 93,931 23,178 97,998 38,107

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1st January 2024
and 31st December 2024 89
Net book value
At 31st December 2024 89
At 31st December 2023 89

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 606,456 624,458
Amounts owed by group undertakings 59,146 475,867
Prepayments 56,998 78,153
722,600 1,178,478

LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 108,367 205,954
Corporation Tax 319,024 255,263
Social security and other taxes 38,484 35,507
VAT 124,965 149,479
Accruals and deferred income 307,330 259,827
898,170 906,030

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 84,700 84,700
Between one and five years 21,175 105,875
105,875 190,575

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 36,015 26,023

Deferred
tax
£   
Balance at 1st January 2024 26,023
Charge to Statement of Income and Retained Earnings during year 9,992
Balance at 31st December 2024 36,015

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Harby FCCA (Senior Statutory Auditor)
for and on behalf of Lemans

13. OTHER FINANCIAL COMMITMENTS

There was a commitment at the year end totalling £77,492 in respect of orders placed for goods prior to the year end which were not received until the current financial year.

LIGHTHOUSE (UK) LIMITED (REGISTERED NUMBER: 04414422)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

14. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Lighthouse (UK) Holdco Limited, which is a wholly owned subsidiary of MaxCo Limited, the ultimate holding company, a publicly listed entity in Japan.

The parent undertaking of both the largest and smallest group which prepares consolidated financial statements which include the results of Lighthouse (UK) Limited is MaxCo Limited incorporated in Japan. Copies of the consolidated financial statements can be obtained from MaxCo Limited 103-8502: 6-6, Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo.