REGISTERED NUMBER: 15440470 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

24 JANUARY 2024 TO 31 DECEMBER 2024

FOR

BEAUTIFUL TRACKING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Archbold

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

15440470 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

5,540

CURRENT ASSETS

Debtors

5

81,368

Cash at bank

236,687

318,055

CREDITORS

Amounts falling due within one year

6

258,802

NET CURRENT ASSETS

59,253

TOTAL ASSETS LESS CURRENT LIABILITIES

64,793

CAPITAL AND RESERVES

Called up share capital

8

1

Capital contribution reserve

45,664

Retained earnings

19,128

SHAREHOLDERS' FUNDS

64,793

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 27 September 2025 and were signed by:

C Archbold - Director

1.	STATUTORY INFORMATION

Beautiful Tracking Limited 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.

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.

The company has obtained a letter of support from the immediate parent company. The directors of the parent company have provided a commitment to provide any financial support which may be necessary in order for the company to meet liabilities, as they fall due, for a period in excess of twelve months and one day from the signing of the audit report. As a result of this commitment, the director has continued to adopt the going concern basis in preparing these financial statements.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is calculated on a cost plus basis, and is recharged to a fellow group undertaking. The revenue is recognised when the relevant costs have been incurred.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the period 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

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 period 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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share based payments

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is independently determined using the Black-Scholes option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the company receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

6,910

At 31 December 2024

6,910

DEPRECIATION

Charge for period

1,370

At 31 December 2024

1,370

NET BOOK VALUE

At 31 December 2024

5,540

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

14,115

Other debtors

67,253

81,368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,541

Amounts owed to group undertakings

79,077

Taxation and social security

69,754

Other creditors & accruals

104,430

258,802

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

173,608

Between one and five years

70,000

243,608

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

1

During the period, 1 Ordinary share of £1 was allotted and fully paid for in cash at par.

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

The Report of the Auditors was unqualified.

Ian Phipps (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"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 a Report of the Auditors 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."

10.	SHARE-BASED PAYMENT TRANSACTIONS

The parent company has issued equity settled share options to employees of Beautiful Tracking Limited. These options all vest over a period of 4 years and expire after 10 years from the vesting commencement date.

The following table summarises the equity settled share options with employees in the period:

Item

Number of options

Weighted average exercise price(NZD

)

Outstanding at the beginning of the period

-

-

Granted during the year

54,426

$5.39

Forfeited/cancelled during the period

-

-

Exercised during the period

-

-

Expired during the period

-

-

Outstanding at the end of the period

54,426

$5.39

Exercisable at the end of the period

-

-

The charge recognised in the year was £45,664.

Further details over how the fair value of the goods or services received are measured are given in note 2 to the financial statements.

The company will only be liable to employer's national insurance contributions should the options be considered readily convertible at the point of exercise and a joint election not be entered into. The timing and value of this is currently not known.

11.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Tracksuit Limited, a company incorporated at 34-38 Drake Street, Freemans Bay, Auckland, 1010, New Zealand. No consolidated financial statements are prepared at any level within the group.

There is no ultimate controlling party.