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REGISTERED NUMBER: 12494347 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

NEOMOUNTS UK LTD

NEOMOUNTS UK LTD (REGISTERED NUMBER: 12494347)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEOMOUNTS UK LTD

Company Information
for the year ended 31 December 2024







DIRECTOR: D van Baarlen





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 12494347 (England and Wales)





AUDITORS: Feist Hedgethorne Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NEOMOUNTS UK LTD (REGISTERED NUMBER: 12494347)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,249 1,576

CURRENT ASSETS
Stocks 319,179 399,705
Debtors 5 93,581 353,539
Cash at bank - 75,994
412,760 829,238
CREDITORS
Amounts falling due within one year 6 (270,564 ) (745,384 )
NET CURRENT ASSETS 142,196 83,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,445

85,430

PROVISIONS FOR LIABILITIES 8 (312 ) (394 )
NET ASSETS 143,133 85,036

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 143,132 85,035
SHAREHOLDERS' FUNDS 143,133 85,036

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





D van Baarlen - Director


NEOMOUNTS UK LTD (REGISTERED NUMBER: 12494347)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Neomounts UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of mounting solutions is recognised when goods are dispatched.

Tangible fixed assets
Tangible fixed assets held for the Company's own use are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures & fittings-25% reducing balance
Computer equipment-33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks, consisting of mounting solutions, are valued at the lower of cost and estimated selling price less costs to complete and sell. Costs comprise those costs incurred by the Company in bringing the stocks to the location and condition intended by management and are calculated on a first-in first-out basis. Estimated selling price less costs to complete and sell is based on the estimated selling price in an arm’s length transaction less any estimated completion or selling costs that will be expected to be incurred in the transaction.

When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

At each balance sheet date, the director undertakes a review of its stock to establish if any stock is slow-moving or has become obsolete. Where any write-downs of stock become necessary so as to reduce the value from cost to estimated selling price less costs to complete and sell, such write-downs are recognised as an expense in profit or loss in the period in which the write-down or loss occurs. Where such write-downs subsequently reverse, the amount of any reversal is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

NEOMOUNTS UK LTD (REGISTERED NUMBER: 12494347)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Material 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.

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 plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

NEOMOUNTS UK LTD (REGISTERED NUMBER: 12494347)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2024 1,909 1,332 3,241
Additions - 653 653
At 31 December 2024 1,909 1,985 3,894
DEPRECIATION
At 1 January 2024 1,114 551 1,665
Charge for year 422 558 980
At 31 December 2024 1,536 1,109 2,645
NET BOOK VALUE
At 31 December 2024 373 876 1,249
At 31 December 2023 795 781 1,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 84,026 343,937
Amounts owed by group undertakings 1 1
Other debtors 9,554 9,601
93,581 353,539

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 17,117 15,189
Amounts owed to group undertakings 123,674 606,411
Taxation and social security 102,615 104,537
Other creditors 27,158 19,247
270,564 745,384

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 18,635 15,787
Between one and five years 21,031 16,931
39,666 32,718

NEOMOUNTS UK LTD (REGISTERED NUMBER: 12494347)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 312 394

Deferred tax
£
Balance at 1 January 2024 394
Utilised during year (82 )
Balance at 31 December 2024 312

9. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.

Chris Morey (Senior Statutory Auditor)
for and on behalf of Feist Hedgethorne Limited

As the Directors report and income statement has been omitted from the filing copy of the financial statements, the above information in relation to the audit report on the statutory financial statements is provided in accordance with section 444(5B) of the Companies Act 2006.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of FC Global Mounts Group B.V., its parent company, which is registered in the Netherlands.

The consolidated financial statements of FC Global Mounts Group B.V. will be made up to 31 December 2024 and are available for inspection at Wateringweg 62B, 2031 EJ Haarlem.

The company is owned by a number of private shareholders, none of whom own more than 27% of the issued share capital of the ultimate parent company, Lichthaven B.V., accordingly, there is no ultimate controlling party.

Lichthaven B.V. is registered in the Netherlands and the consolidated financial statements will be made up to 31 December 2024 and are available for inspection at Apollolaan 153, 1077AS Amsterdam.