Dezeen Limited

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

16 September 2025

Ashfield Accountancy

C/O Ashfield Accountancy

First Floor, 33 Chertsey Road

Woking

Surrey

GU21 5AJ

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Dezeen Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 06576341

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		52,699		60,218
Investments	5		76		76

			52,775		60,294
CURRENT ASSETS
Debtors	6	2,155,761		1,196,375
Cash at bank and in hand		1,341,123		2,384,802

		3,496,884		3,581,177
Creditors: Amounts Falling Due Within One Year	7	(2,626,256 )		(2,219,690 )

NET CURRENT ASSETS (LIABILITIES)			870,628		1,361,487

TOTAL ASSETS LESS CURRENT LIABILITIES			923,403		1,421,781

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,126 )		(15,055 )

NET ASSETS			910,277		1,406,726

CAPITAL AND RESERVES
Called up share capital	8		400		400
Share premium account			153,993		153,993
Profit and Loss Account			755,884		1,252,333

SHAREHOLDERS' FUNDS			910,277		1,406,726

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Dezeen Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Benedict James Hobson Director	Mr Wai Shin Li Director
16 September 2025

The notes on pages 4 to 6 form part of these financial statements.

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Dezeen Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Dezeen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06576341 . The registered office is 8 Orsman Road, London, N1 5QJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision

of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,

returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5 years straight line basis
Fixtures & Fittings	4 years straight line basis
Computer Equipment	4 years straight line basis

2.4. Foreign Currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of

the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the

respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary

items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when

the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

2.5. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that

a change attributable to an item of income or expense recognised as other comprehensive income is also

recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or

substantively enacted by the reporting date in the countries where the company operates and generates taxable

income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the

financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the

reporting date and that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 46 (2023: 42)

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Dezeen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	47,932	60,241	237,455	345,628
Additions	-	-	19,121	19,121

As at 31 December 2024	47,932	60,241	256,576	364,749

Depreciation
As at 1 January 2024	45,368	57,969	182,073	285,410
Provided during the period	1,331	881	24,428	26,640

As at 31 December 2024	46,699	58,850	206,501	312,050

Net Book Value
As at 31 December 2024	1,233	1,391	50,075	52,699

As at 1 January 2024	2,564	2,272	55,382	60,218

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	76

As at 31 December 2024	76

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	76

As at 1 January 2024	76

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,595,726	442,346
Prepayments and accrued income	147,402	61,565
Interco loan to Dezeen Inc	329,755	188,119
Due from JPP	-	437,437
Kostick Hanan Herskovic LLP Client Account	41,225	41,225
Employee Cyclescheme Loan Account	352	(16 )
Interest recoverable	86	86
Due from Neri&Hu	28,617	25,613
VAT	12,598	-

	2,155,761	1,196,375

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Dezeen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	526,772	344,377
Bank loans and overdrafts	9,785	8,452
Corporation tax	120,410	258,493
Other taxes and social security	63,617	63,665
VAT	-	4,694
Net wages	3	3
HSBC Commercial Card	(2,705 )	(2,705 )
Pension Contributions	(194 )	-
Creditors	29,228	25,513
Other creditors - JP/Politikens Hus A/S	850,000	1,100,000
HSBC Commercial Card (Studio)	(1 )	45
HSBC Commercial Car (SJ)	180	-
Accruals and deferred income	1,029,161	417,153

	2,626,256	2,219,690

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	400	400

9. Ultimate Controlling Party

The company's ultimate controlling party is JP/Politikens Hus A/S by virtue of it's ownership of 100% of the issued share capital in the company.

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