ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors and their associates:

Registered number: 12613626

GLOBAL PREMIUM HOLDINGS LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

GLOBAL PREMIUM HOLDINGS LTD

COMPANY INFORMATION

Directors	Mr D L Harrison
	Mr R P Isaacs


Company secretary	Fiona Echalier


Registered number	12613626


Registered office	14th Floor
	33 Cavendish Square
	London
	W1G 0PW


Independent auditors	Sumer Auditco Limited
	14th Floor
	33 Cavendish Square
	London
	W1G 0PW

GLOBAL PREMIUM HOLDINGS LTD

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 6
Profit and loss account	7
Balance sheet	8
Statement of changes in equity	9 - 10
Notes to the financial statements	11 - 18

GLOBAL PREMIUM HOLDINGS LTD

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Business review

This strategic report covers the performance and strategic direction of Global Premium Holdings Limited for the year ending December 2024. The Company has maintained a stable financial position in 2024 and continues to invest in opportunities aimed at delivering long term value to all Stakeholders.

Principal risks and uncertainties

Treasury operations and financial instruments
The company’s financial instruments principally comprise creditors, cash and investments in subsidiaries.
The Board ensures that Global Premium Holdings Limited maintains adequate liquidity to meet its obligations.

Financial key performance indicators

The key performance indicators of the company are net profit and net assets. A brief analysis of these is shown below:
2024 2023 Varience
£ £ %
Net Profit 5,903,584 4,337,427 36
Net Assets 25,966,035 21,562,451 21

This report was approved by the board on 24 September 2025 and signed on its behalf.

Mr D L Harrison

Director

Page 1

GLOBAL PREMIUM HOLDINGS LTD

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £5,903,584 (2023 - £4,337,427).

Directors

The directors who served during the year were:

Mr D L Harrison

Mr R P Isaacs

Future developments

At present, there are no significant future developments to report. The Board of Directors continues to monitor the business environment and will provide updates as necessary.

Page 2

GLOBAL PREMIUM HOLDINGS LTD

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditors, Sumer Auditco Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 24 September 2025 and signed on its behalf.

Mr D L Harrison

Director

Page 3

GLOBAL PREMIUM HOLDINGS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GLOBAL PREMIUM HOLDINGS LTD

Opinion

We have audited the financial statements of Global Premium Holdings Ltd (the 'Company') for the year ended 31 December 2024, which comprise the Profit and loss account, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 4

GLOBAL PREMIUM HOLDINGS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GLOBAL PREMIUM HOLDINGS LTD (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

GLOBAL PREMIUM HOLDINGS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GLOBAL PREMIUM HOLDINGS LTD (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

the results of our enquiries of management and those charged with governance of their assessment of the risks of fraud and irregularities;

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.

Atulya Mehta (FCCA) (Senior statutory auditor)

for and on behalf of

Sumer Auditco Limited

Chartered Accountants
Statutory Auditors

14th Floor

33 Cavendish Square

London

W1G 0PW

24 September 2025

Page 6

GLOBAL PREMIUM HOLDINGS LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£


Administrative expenses		(112,601)	(69,655)
Operating loss		(112,601)	(69,655)
Income from shares in group undertakings		6,190,185	4,706,157
Interest payable and similar expenses	6	(174,000)	(299,075)
Profit before tax		5,903,584	4,337,427
Profit for the financial year		5,903,584	4,337,427

The notes on pages 11 to 18 form part of these financial statements.

Page 7

GLOBAL PREMIUM HOLDINGS LTD

REGISTERED NUMBER: 12613626

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	9		25,455,683		25,455,683
			25,455,683		25,455,683
Current assets
Debtors: amounts falling due within one year	10	-		166,866
Cash at bank and in hand	11	2,882,729		1,802,186
		2,882,729		1,969,052
Creditors: amounts falling due within one year	12	(2,327,944)		(3,562,270)
Net current assets/(liabilities)			554,785		(1,593,218)
Total assets less current liabilities			26,010,468		23,862,465
Creditors: amounts falling due after more than one year	13		(44,433)		(2,300,014)

Net assets			25,966,035		21,562,451

Capital and reserves
Called up share capital	14	14,000,100	14,000,100
Profit and loss account	15	11,965,935	7,562,351
		25,966,035	21,562,451

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2025.

Mr D L Harrison

Director

The notes on pages 11 to 18 form part of these financial statements.

Page 8

GLOBAL PREMIUM HOLDINGS LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	14,000,100	7,562,351	21,562,451
Comprehensive income for the year
Profit for the year	-	5,903,584	5,903,584
Dividends: Equity capital	-	(1,500,000)	(1,500,000)
At 31 December 2024	14,000,100	11,965,935	25,966,035

The notes on pages 11 to 18 form part of these financial statements.

Page 9

GLOBAL PREMIUM HOLDINGS LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2023

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	14,000,100	3,224,924	17,225,024
Comprehensive income for the year
Profit for the year	-	4,337,427	4,337,427
At 31 December 2023	14,000,100	7,562,351	21,562,451

The notes on pages 11 to 18 form part of these financial statements.

Page 10

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Global Premium Holdings Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 12613626. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Embignell Limited as at 31 December 2024 and these financial statements may be obtained from 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 11

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Group Tax Relief

Group tax relief is surrendered to/ received from other Group companies for no consideration. In specific circumstances, individual Group companies may reach agreement between themselves to surrender and/or receive group relief for consideration within the tax on Profit on ordinary activities in the Statement of Comprehensive Income. Should group relief be surrendered to/ received from other group companies for consideration, the consideration paid will reflect, at a minimum, the corporation tax amounts surrendered and/ or received. These amounts are reported as expenses or benefits within the tax on profit/ (loss) on ordinary activities in the profit and loss account.

2.7

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit (CGU) to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) 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 (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 12

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 13

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements

5,000

4,700

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2024	2023
	No.	No.

Directors	2	2

6.	Interest payable and similar expenses
		2024	2023
		£	£

Other interest payable

174,000

299,075

Page 14

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Taxation

Profit on ordinary activities before tax

5,903,584

4,337,427

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.5%)	1,475,896	1,019,295
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	48,774	70,283
Dividends from UK companies	(1,547,546)	(1,105,947)
Other differences leading to an increase (decrease) in the tax charge	-	1,749
Group relief	22,876	14,620
Total tax charge for the year	-	-

8.	Dividends Payable
		2024	2023
		£	£

Dividends

1,500,000

Page 15

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	25,455,683
	At 31 December 2024	25,455,683

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

	UIB Holding (Malta) Limited	Malta	Ordinary	100%
	Stonebridge International Insurance Ltd	UK	Ordinary	100%

10.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	166,866

11.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	2,882,729	1,802,186

Page 16

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	18,647	772,771
Other creditors	2,298,597	2,778,799
Accruals and deferred income	10,700	10,700
	2,327,944	3,562,270

13.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Other creditors	44,433	2,300,014

14.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

14,000,100 (2023 - 14,000,100) Ordinary shares of £1.00 each	14,000,100	14,000,100

15.

Reserves

Profit and loss account

The profit and loss account represents the distributable reserves of the Company.

16.	Related party transactions
	The Company has taken advantage of the exemption available in FRS102 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group. Included in debtors is £NIL (2023: £166,866) due from the parent company. At the balance sheet date the Company owed £18,647 (2023: £772,771) to fellow subsidiaries.

Page 17

GLOBAL PREMIUM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

17.	Controlling party

The immediate parent company in the current and preceding year is Embignell Limited, a company registered in England.
The Company considers Louvre Trust Limited, a company registered in Guernsey as trustees of the Flair Trust, to be its ultimate controlling party in the current and preceding year, by virtue of its majority shareholding in the immediate parent company.
The group for which consolidated financial statements are prepared which include the results of this Company is headed by Embignell Limited, whose registered office is:
14th Floor
33 Cavendish Square
London, W1G 0PW

Page 18