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REGISTERED NUMBER: 06212034 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 31 March 2025

for

Yardley of London Limited

| Yardley of London Limited (Registered number: 06212034) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Report of the Director | 2 |

| Report of the Independent Auditors | 4 |

| Income Statement | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Notes to the Financial Statements | 11 |

| Yardley of London Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | Nagender Arya

| REGISTERED OFFICE: | 6th Floor,

| 9 Appold Street,

| London

| EC2A 2AP

| REGISTERED NUMBER: | 06212034 (England and Wales)

| AUDITORS: | Shah Dodhia & Co

| 173 Cleveland Street

| London

| W1T 6QR

| Yardley of London Limited (Registered number: 06212034) |

Report of the Director

for the Year Ended 31 March 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

REVIEW OF BUSINESS

The principal activity of the company is the distribution and trading of home and personal care products. It commenced its operations from 1 August 2012. The loss for the year, after taxation, amounted to £627,296 (2024 - £1,900,908).

The Director has assessed the going concern assumptions of the entity for the next 12 months from the date of approval of these financials. Accordingly, the Director believes that there is no doubt on the entities ability to continue as going concern. Further details of going concern assumptions can be found in the accounting policies forming part of these financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The director considers that the financial risks relevant to the company are credit risk, cash flow risk and liquidity risk. The company's credit risk is primarily attributable to its trade debtors. The company's cash flow risk is primarily attributable to its exposure to fluctuations in foreign currency exchange rates.

The company faces strong competition from cheaper, often "dupe" brands that replicate popular scents. The lack of strong legal protection for original formulations is a significant threat. To mitigate this, the client has introduced the New Products. Further the client has moved its powders formula from talc to maize flour formula-based products.

The client has moved its production to Indonesia from local UK vendor for significant SKUs for cost benefits.

There is growing pressure from customers for more sustainable, "green," and ethically sourced products, which can require changes to supply chains and production methods. These changes can require significant investment in reformulation, compliance, and new safety assessments. Further, New regulations, such as the EU's Chemicals Strategy for Sustainability (CSS), are leading to more stringent rules on chemical ingredients used in fragrances. However the Director and Senior leadership team are closely monitoring the situation to be able to manage this risk.

KEY PERFORMANCE INDICATOR

The key performance indicators that management monitors are turnover, gross margin and the operating result, which are set out in Page 8 of this report.

The wider group under parent company Wipro Enterprises Private Limited, has considerable financial resources together with the long term contracts with a number of customers across different geographic areas and industries. As a consequence, the director believes that the company is well placed to manage its business risks successfully due to management of its order book and support from the parent company.

DIRECTOR

Nagender Arya held office during the whole of the period from 1 April 2024 to the date of this report.

Following the year end, Deepak Chandran was appointed as a director on 01 October 2025.

POLITICAL DONATIONS AND EXPENDITURE

The company did not make any political donations or incurred any political expenditure in the year (2024: £Nil).

| Yardley of London Limited (Registered number: 06212034) |

Report of the Director

for the Year Ended 31 March 2025

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

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

The director is 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 enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Nagender Arya - Director

4 December 2025

Report of the Independent Auditors to the Members of

Yardley of London Limited

Opinion

We have audited the financial statements of Yardley of London Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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 March 2025 and of its loss 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 UK, including the FRC'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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Director has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Yardley of London Limited

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 Report of the Director.

We have nothing to report in respect of the following matters where 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 director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Yardley of London Limited

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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:

- We made enquires of the directors' policies and procedures to prevent and detect fraud, as well as, whether they have knowledge of any actual, suspected or alleged fraud.

- We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates through discussion with directors and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud.

- We designed audit procedures including analytical procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion;

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, UK tax legislation, data protection, anti-money laundering, employment, environmental and health and safety legislation;

- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards, For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

The company is subject to many laws and regulations where non compliance could have a material effect in the financial statements, e.g. health and safety, employment law, anti-bribery, certain aspects of company legislation recognising the nature of the company's activities and its legal form. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

In addition, as with any audit, there remained a higher risk of non-detecting of fraud, as these may involve collusion, forgery, intentional omission, misrepresentations or the override of internal controls. Our audit procedures are designed to detect material misstatement, We are not responsible for preventing non compliance or fraud and cannot be expected to detect non compliance with all laws and regulations.

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 Report of the Auditors.

Report of the Independent Auditors to the Members of

Yardley of London Limited

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.

Satishchandra Baburaj Shah (Senior Statutory Auditor)

for and on behalf of Shah Dodhia & Co

173 Cleveland Street

London

W1T 6QR

8 December 2025

| Yardley of London Limited (Registered number: 06212034) |

Income Statement

for the Year Ended 31 March 2025

2025 | 2024 |

| Notes | £ | £

TURNOVER | 4,055,469 |  | 4,600,588 |  |

Cost of sales | 2,915,030 |  | 3,378,875 |  |

GROSS PROFIT | 1,140,439 |  | 1,221,713 |  |

Administrative expenses | 1,717,618 |  | 3,122,929 |  |

OPERATING LOSS | 4 | (577,179 | ) | (1,901,216 | ) |

Interest receivable and similar income | 82,587 |  | 308 |  |

(494,592 | ) | (1,900,908 | ) |

Interest payable and similar expenses | 132,704 |  | - |  |

LOSS BEFORE TAXATION | (627,296 | ) | (1,900,908 | ) |

Tax on loss | 6 | - |  | - |  |

LOSS FOR THE FINANCIAL YEAR | (627,296 | ) | (1,900,908 | ) |

| Yardley of London Limited (Registered number: 06212034) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 7 | 13,283 |  | 17,477 |  |

CURRENT ASSETS

Stocks | 1,029,705 |  | 1,128,929 |  |

Debtors | 8 | 718,543 |  | 2,213,211 |  |

Cash at bank | 1,205,085 |  | 7,104,550 |  |

2,953,333 |  | 10,446,690 |  |

CREDITORS

Amounts falling due within one year | 9 | 839,250 |  | 10,454,054 |  |

NET CURRENT ASSETS/(LIABILITIES) | 2,114,083 |  | (7,364 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,127,366 |  | 10,113 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (2,806,163 | ) | - |  |

PROVISIONS FOR LIABILITIES | 11 | (369,419 | ) | (431,033 | ) |

NET LIABILITIES | (1,048,216 | ) | (420,920 | ) |

CAPITAL AND RESERVES

Called up share capital | 12 | 4,434,722 |  | 4,434,722 |  |

Retained earnings | 13 | (5,482,938 | ) | (4,855,642 | ) |

SHAREHOLDERS' FUNDS | (1,048,216 | ) | (420,920 | ) |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

Nagender Arya - Director

| Yardley of London Limited (Registered number: 06212034) |

Statement of Changes in Equity

for the Year Ended 31 March 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Balance at 1 April 2023 | 4,434,722 |  | (2,954,734 | ) | 1,479,988 |  |

Changes in equity

Deficit for the year | - |  | (1,900,908 | ) | (1,900,908 | ) |

Total comprehensive income | - |  | (1,900,908 | ) | (1,900,908 | ) |

Balance at 31 March 2024 | 4,434,722 |  | (4,855,642 | ) | (420,920 | ) |

Changes in equity

Deficit for the year | - |  | (627,296 | ) | (627,296 | ) |

Total comprehensive income | - |  | (627,296 | ) | (627,296 | ) |

Balance at 31 March 2025 | 4,434,722 |  | (5,482,938 | ) | (1,048,216 | ) |

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Yardley of London 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 Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

| The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| Critical accounting judgements and key sources of estimation uncertainty

| The director has made no key judgements and material estimates while preparing these financial statements, considering the business is relatively simple. There are no judgements that have significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Tangible fixed assets

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

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Short leasehold |  | Over the term of lease |  |

| Plant and machinery |  | 2 years |  |

| Fixtures, fittings and equipments |  | 4-5 years |  |

| Computer equipment |  | 4 years |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Stocks

| Stock are stated at the lower of cost and estimated selling price less costs to complete and sell, after making allowances for obsolete and slow-moving stocks. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

| Stock held for distribution at no or nominal consideration are measured at cost, adjusted where applicable for any loss of service potential.

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

| Going concern

| Yardley of London Limited made a loss for the year of £627,296 (2024: £1,900,908) and had net liabilities of £1,048,216 at the Balance Sheet date (2024: £420,920).

| The Director has performed their going concern assessment of the company for a period of at least 12 months from the date of approval of these financial statements, on the basis of the forecasts prepared and the support of the ultimate holding company 'Wipro Enterprises Private Limited' the Director considers that the company will have adequate resources to continue for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on going concern basis.

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities if any.

| Financial Instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

| Basic financial assets

| Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at the amount receivable and subsequently adjusted for any impairment or other change in consideration expected to be received on settlement.

| Basic financial liabilities

| Basic financial liabilities, including trade and other payables, are initially measured at the amount payable and subsequently adjusted for any change in consideration expected to be paid on settlement.

| Provisions

| Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

| Trade scheme provisions

| Trade scheme provisions represent overriders and other marketing discounts that are expected to be utilised in the following year.

| Cash flow statements

| The Company has taken advantage of the exemption conferred by Financial Reporting Standard 102, Section 1A not to prepare a cash flow statement on the basis it is classified as a small entity under the Companies Act 2006.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS - continued

|  | 2025 |  | 202 4 |  |

|  | £ |  | £ |  |

| Wages and salaries |  | 428,216 |  | 427,342 |  |

| Social security costs |  | 48,823 |  | 41,842 |  |

| Other pension costs |  | 13,685 |  | 11,690 |  |

|  | --------------- |  | -------------- |  |

|  | 490,724 |  | 480,874 |  |

|  | ======= |  | ======= |  |

| The average number of employees during the year was as follows: |  |

|  | 2025 |  | 2024 |  |

| Administrative staff |  | 9 |  | 9 |  |

|  | ===== |  | ===== |  |

4. | OPERATING LOSS

| The operating loss is stated after charging:

2025 | 2024 |

| £ | £

| Depreciation - owned assets | 5,370 |  | 4,003 |  |

5. | AUDITORS' REMUNERATION

2025 | 2024 |

| £ | £

| Fees payable to the company's auditors for the audit of the company's financial statements | 18,710 |  | 22,924 |  |

| Total audit fees | 18,710 |  | 22,924 |  |

6. | TAXATION

| Analysis of the tax charge

| No liability to UK corporation tax arose for the year ended 31 March 2025 nor for the year ended 31 March 2024.

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | TANGIBLE FIXED ASSETS

Plant and |

Land and | machinery |

buildings | etc | Totals |

| £ | £ | £

| COST

| At 1 April 2024 | 58,950 |  | 111,404 |  | 170,354 |  |

| Additions | - |  | 1,176 |  | 1,176 |  |

| At 31 March 2025 | 58,950 |  | 112,580 |  | 171,530 |  |

| DEPRECIATION

| At 1 April 2024 | 58,950 |  | 93,927 |  | 152,877 |  |

| Charge for year | - |  | 5,370 |  | 5,370 |  |

| At 31 March 2025 | 58,950 |  | 99,297 |  | 158,247 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 13,283 |  | 13,283 |  |

| At 31 March 2024 | - |  | 17,477 |  | 17,477 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 471,973 |  | 1,964,417 |  |

| Amounts owed by group undertakings | 60,382 |  | 111,754 |  |

| Other debtors | 186,188 |  | 137,040 |  |

718,543 |  | 2,213,211 |  |

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

2025 | 2024 |

| £ | £

| Trade creditors | 263,980 |  | 270,353 |  |

| Amounts owed to group undertakings | 351,460 |  | 9,947,830 |  |

| Taxation and social security | 10,763 |  | 33,537 |  |

| Other creditors | 213,047 |  | 202,334 |  |

839,250 |  | 10,454,054 |  |

| Amounts owed to group undertakings are unsecured, interest free and there are no formal terms of repayment.

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Amounts owed to group undertakings | 2,806,163 |  | - |  |

| During the year, the company received a loan from a group undertaking. Interest is payable at one month term SONIA plus a margin of 1.1% p.a. The loan is fully repayable by 1st July 2026.

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Other provisions

| Provision - trade scheme | 369,419 |  | 431,033 |  |

Other |

provisions |

| £

| Balance at 1 April 2024 | 431,033 |  |

| Utilised during year | (61,614 | ) |

| Balance at 31 March 2025 | 369,419 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 4,434,722 | Ordinary shares | £1 | 4,434,722 |  | 4,434,722 |  |

13. | RESERVES

Retained |

earnings |

| £

| At 1 April 2024 | (4,855,642 | ) |

| Deficit for the year | (627,296 | ) |

| At 31 March 2025 | (5,482,938 | ) |

14. | RELATED PARTY DISCLOSURES

| During the year related party transactions took place with the following parties: Wipro Yardley FZE and Wipro Enterprises Cyprus Ltd which are the parent undertakings, Wipro Enterprises Private Limited which is the ultimate parent undertaking and other group companies. The amounts due from/(to) these companies at 31 March 2025 are as below:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Wipro Enterprises Private Limited |  | (8,672 | ) | (55,763 | ) |

| Wipro Yardley FZE |  | (79,795 | ) | 51,373 |  |

| Wipro Enterprises Cyprus Limited |  | 25,706 |  | 25,706 |  |

| Wipro Enterprises Private Limited (WIN division) |  | - |  | (9,858,773 | ) |

| Wipro Enterprises Private Limited (Corporate) |  | (4,474 | ) | (4,474 | ) |

| Wipro Unza Holdings Limited |  | (5,256 | ) | (3,809 | ) |

| Shanghai Wocheng Trading Development Co Ltd |  | 34,675 |  | 34,675 |  |

| PT UNZA Vitalis |  | (253,263 | ) | (25,011 | ) |

| Wipro Unza Holdings Limited-interest bearing loan |  | (2,806,163 | ) | - |  |

| Yardley of London Limited (Registered number: 06212034) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

15. | CONTROLLING PARTY

| The immediate parent companies are Wipro Yardley FZE, a company registered in United Arab Emirates and Wipro Enterprise Cyprus Ltd, a company registered in Cyprus. The ultimate parent company is Wipro Enterprises Private Limited, a company registered in India.

| Wipro Enterprises Private Limited prepares group accounts and copies can be obtained on its website www.wipro.com or by writing to the company secretary at Wipro Enterprises Private Limited, C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore, 560035, India.

| In the opinion of the director, Azim Premji is the ultimate controlling party.

16. | OTHER FINANCIAL COMMITMENTS

| The total future minimum lease payments under non-cancellable operating leases is £1,098 (2024: £40,545).