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REGISTERED NUMBER: 01446023 (England and Wales)

| Audited Financial Statements |

| for the Year Ended 31st December 2024 |

| for |

| LELIEVRE (U.K.) LIMITED |

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Contents of the Financial Statements

for the Year Ended 31st December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| LELIEVRE (U.K.) LIMITED |

Company Information

for the Year Ended 31st December 2024

| DIRECTOR: | E P A Lelievre

| REGISTERED OFFICE: | 108 - 110 Chelsea Harbour Design Centre

| London

| SW10 0XE

| REGISTERED NUMBER: | 01446023 (England and Wales)

| SENIOR STATUTORY AUDITOR: | John Leyden FCA

| AUDITORS: | Carbon Accountancy Limited

| Chartered Accountants

| & Registered Auditors

| 80-83 Long Lane

| London

| EC1A 9ET

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Balance Sheet

31st December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 12,100 |  | 19,000 |  |

CURRENT ASSETS

Debtors | 5 | 279,182 |  | 311,675 |  |

Cash at bank | 126,794 |  | 134,133 |  |

405,976 |  | 445,808 |  |

CREDITORS

Amounts falling due within one year | 6 | 184,339 |  | 248,492 |  |

NET CURRENT ASSETS | 221,637 |  | 197,316 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 233,737 |  | 216,316 |  |

PROVISIONS FOR LIABILITIES | 8 | 771 |  | 1,663 |  |

NET ASSETS | 232,966 |  | 214,653 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 10 | 232,866 |  | 214,553 |  |

SHAREHOLDERS' FUNDS | 232,966 |  | 214,653 |  |

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 5th November 2025 and were signed by:

E P A Lelievre - Director

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Notes to the Financial Statements

for the Year Ended 31st December 2024

1. | STATUTORY INFORMATION

| Lelievre (U.K.) 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.

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

| Tangible fixed assets

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

| Short leasehold | - | equal instalments over period of lease

| Office equipment | - | 25% on cost

| Fixtures and fittings | - | 20% on cost

| Financial instruments

| The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or relivable within one year, typically trade debtors and creditors, are measured. initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially , at the present value of the future cash flow discounted at a market rate of interest for similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the net present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Notes to the Financial Statements - continued

for the Year Ended 31st 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

| 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.

| Revenue recognition

| Commission receivable from group companies is recognised on confirmation of the sales transaction.

| Income from recharged overheads is recognised when the service is provided.

| Going concern

| As at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the signing date of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and the financial statements do not include any adjustments that would be necessary if the going concern basis was not appropriate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2023 - 8 ) .

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Office |  | and |

| leasehold |  | equipment |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1st January 2024

| and 31st December 2024 | 11,050 |  | 32,906 |  | 143,026 |  | 186,982 |  |

| DEPRECIATION

| At 1st January 2024 | 1,330 |  | 26,627 |  | 140,025 |  | 167,982 |  |

| Charge for year | 1,228 |  | 4,157 |  | 1,515 |  | 6,900 |  |

| At 31st December 2024 | 2,558 |  | 30,784 |  | 141,540 |  | 174,882 |  |

| NET BOOK VALUE

| At 31st December 2024 | 8,492 |  | 2,122 |  | 1,486 |  | 12,100 |  |

| At 31st December 2023 | 9,720 |  | 6,279 |  | 3,001 |  | 19,000 |  |

5. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 46,515 |  | 45,814 |  |

| Amounts owed by group undertakings | 58,496 |  | 107,130 |  |

| Other debtors | 10,189 |  | 2,597 |  |

| Prepayments and accrued income | 128,548 |  | 120,700 |  |

243,748 |  | 276,241 |  |

| Amounts falling due after more than one year:

| Other debtors | 35,434 |  | 35,434 |  |

| Aggregate amounts | 279,182 |  | 311,675 |  |

| The other debtors of £35,434 relates to the rent security deposit which will be refunded at the end of the property lease.

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

2024 | 2023 |

£ | £ |

| Trade creditors | 35,935 |  | 96,108 |  |

| Tax | 8,894 |  | 393 |  |

| Social security and other taxes | 11,498 |  | 15,090 |  |

| Accruals and deferred income | 128,012 |  | 136,901 |  |

184,339 |  | 248,492 |  |

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

7. | LEASING AGREEMENTS

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

2024 | 2023 |

£ | £ |

| Within one year | 240,114 |  | 264,437 |  |

| Between one and five years | 14,180 |  | 1,033,625 |  |

| In more than five years | 486 |  | 740,347 |  |

254,780 |  | 2,038,409 |  |

| The above represents the total sum payable over the full term of the relevant leases.

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 771 |  | 1,663 |  |

| Deferred |

| tax |

£ |

| Balance at 1st January 2024 | 1,663 |  |

| Utilised during year | (892 | ) |

| Balance at 31st December 2024 | 771 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1st January 2024 | 214,553 |  |

| Profit for the year | 18,313 |  |

| At 31st December 2024 | 232,866 |  |

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

| The Report of the Auditors was unqualified.

| John Leyden FCA (Senior Statutory Auditor)

| for and on behalf of Carbon Accountancy Limited

12. | PENSION COMMITMENTS

| The company operates a defined contribution scheme. The charge for the year was £10284 (2023 £12,434). The balance due to the pension provider at the balance sheet date totalled £523.

| LELIEVRE (U.K.) LIMITED (REGISTERED NUMBER: 01446023) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

13. | CONTINGENT LIABILITIES

| The company has the following arrangements with their bankers; credit cards with a limit of £4,000.

14. | RELATED PARTY DISCLOSURES

| Under the exemption available under FRS 102, details are not given in respect of transactions between the company and its parent undertaking as it is a wholly owned subsidiary.

15. | POST BALANCE SHEET EVENTS

| Subsequent to the balance sheet date, the company took advantage of the break clause in the lease of its operating premises at Chelsea Harbour with the lease set to expire on 27th November 2025. The directors are in the process of finalising a new lease and while the new agreement has not yet been completed, they anticipate successful conclusion to negotiations. The financial effect of the new lease is expected to be a material decrease in future lease payments compared to the existing arrangement. Full details will be recognized in the financial statements for the period in which the new lease commences.

16. | PARENT UNDERTAKING

| The company's immediate parent is Lelievre SAS, incorporated in France.

| The most senior parent entity producing publicly available consolidated financial statements is Maison

| Lelievre, also incorporated in France. These financial statements are available upon request from the parent company's registered office address at 13 Rue du Mall, Paris 75002.

| The ultimate parent undertaking of the company was C4 Industries SAS, a company registered in France.