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REGISTERED NUMBER: 11972814 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Optical Technologies-UK Limited

Optical Technologies-UK Limited (Registered number: 11972814)

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 |

Optical Technologies-UK Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr A Ceriani

| Mr P Portesi

| REGISTERED OFFICE: | Unit 1

| The Cam Centre

| Wilbury Way

| Hitchin

| Hertfordshire

| SG4 0TW

| REGISTERED NUMBER: | 11972814 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Emma Fraser FCA

| AUDITORS: | Bracey's Accountants (Audit) Limited

| Statutory Auditor, Chartered Accountants

| Unit 1 The Cam Centre

| Wilbury Way

| Hitchin

| Hertfordshire

| SG4 0TW

Optical Technologies-UK Limited (Registered number: 11972814)

Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 245,990 |  | 122,818 |  |

Cash at bank | 12,572 |  | 25,601 |  |

258,562 |  | 148,419 |  |

CREDITORS

Amounts falling due within one year | 5 | 201,597 |  | 106,448 |  |

NET CURRENT ASSETS | 56,965 |  | 41,971 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 56,965 |  | 41,971 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 56,865 |  | 41,871 |  |

SHAREHOLDERS' FUNDS | 56,965 |  | 41,971 |  |

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 30 September 2025 and were signed on its behalf by:

Mr A Ceriani - Director

Optical Technologies-UK Limited (Registered number: 11972814)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Optical Technologies-UK 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 financial statements are prepared in sterling, which is the functional currency of the company. Amounts are rounded to the nearest £.

| The following principal accounting policies have been applied:

| 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.

| Significant judgements and estimates

| No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

| Going concern

| The parent company, Univet s.r.l, have pledged its continued support of the company for at least 12 months from the date of signing these financial statements and it is on this basis that the directors consider it appropriate to prepare the accounts on a going concern basis.

| Turnover

| Turnover is recognised to the extent that it is probably that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised;

| Sale of goods

| Turnover from the sale of goods is recognised when all of the following conditions are satisfied;

| - the Company has transferred the significant risks and rewards of ownership to the buyer;

| - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of turnover can be measured reliably;

| - it is probable that the Company will receive the consideration due under the transactions; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably

| Other sales

| Turnover is recognised from connected companies on a cost plus 10% arrangement. Amounts are invoiced quarterly based on the approved costs of the quarter under that arrangement. Amounts are accrued and deferred for as necessary and included within other debtors and other creditors as appropriate.

| 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.

Optical Technologies-UK Limited (Registered number: 11972814)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| 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.

| Debtors

| Trade debtors are amounts due from customers for services performed in the ordinary course of business.

| Debtors are recognised at the transaction price. A provision for the recoverability of trade debtors is

| established when there is objective evidence that the company will not be able to collect all amounts due

| according to the original terms of the receivables. The provision is written off to the profit and loss account in the relevant period.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 349 |  | 5,487 |  |

| Amounts owed by group undertakings | 200,443 |  | 85,435 |  |

| Prepayments and accrued income | 45,198 |  | 31,896 |  |

245,990 |  | 122,818 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 10,904 |  | 739 |  |

| Amounts owed to group undertakings | 168,810 |  | 84,583 |  |

| Taxation and social security | 15,056 |  | 15,800 |  |

| Accruals and other creditors | 6,827 |  | 5,326 |  |

201,597 |  | 106,448 |  |

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

| The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

| The audit report was signed on 10th October 2025 by Emma Fraser FCA (Senior statutory auditor) on behalf on Bracey's Accountants (Audit) Limited.

Optical Technologies-UK Limited (Registered number: 11972814)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | PRIOR YEAR RESTATEMENT

| The prior period has been restated to account for intercompany balances as gross amounts recorded within debtors and creditors, previously the amounts were recorded as a net figure within debtors.

| This is a reclassification between debtors and creditors only, the overall profit and reserves of the company recorded remains the same as previously stated/filed.

8. | ULTIMATE CONTROLLING PARTY

| The parent undertaking and ultimate holding company is Univet s.r.l a company incorporated in Italy, at Via Giovanni Prati, 87 25086 Rezzato (BS), Italy.

| Univet s.r.l is the parent undertaking of the smallest and largest group which prepared publicly available consolidated financial statements for the year ended 31 December 2024. Copies of the consolidated financial statements are available from the above address.