REGISTERED NUMBER: 13948977 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

C2R LIGHTING (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P K Tan

SECRETARY:

P D Beare

REGISTERED OFFICE:

C/O Paul Beare Ltd, 100 Bollo Lane

London

United Kingdom

W4 5LX

REGISTERED NUMBER:

13948977 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,799

3,272

CURRENT ASSETS

Debtors

5

97,253

186,284

Cash at bank

188,601

172,555

285,854

358,839

CREDITORS

Amounts falling due within one year

6

279,378

367,166

NET CURRENT ASSETS/(LIABILITIES)

6,476

(8,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,275

(5,055

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8,175

(5,155

)

SHAREHOLDERS' FUNDS

8,275

(5,055

)

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 director and authorised for issue on 30 December 2025 and were signed by:

P K Tan - Director

1.	STATUTORY INFORMATION

C2R Lighting (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

The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Turnover

Turnover represents income from the provision of business development services and project management services, excluding value added tax, in respect of services performed during the year.

Service Income

Service income from business development services provided to a related company is treated as a single performance obligation. Turnover is recognised over time as the right to consideration arises, based on the proportion of work performed at the reporting date.

Project Management Fees

Project management fees, comprising management base fees and performance fees, are derived from the management of projects and are determined by reference to the costs incurred in providing the services together with an appropriate mark-up. Turnover is recognised as the related services are performed, with adjustments made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment

-

33.33% on cost

Hire purchase and leasing commitments

Where an operating lease creates a right to use an asset, these are recorded at the amount of the initial measurement of the lease liability. The asset is depreciated using the straight-line method from the commencement date to the end of the lease term.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities.Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

13,088

-

13,088

Additions

-

1,850

1,850

Impairments

(13,088

)

-

(13,088

)

At 31 December 2024

-

1,850

1,850

DEPRECIATION

At 1 January 2024

9,816

-

9,816

Charge for year

3,272

51

3,323

Impairments

(13,088

)

-

(13,088

)

At 31 December 2024

-

51

51

NET BOOK VALUE

At 31 December 2024

-

1,799

1,799

At 31 December 2023

3,272

-

3,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

529

-

Other debtors

91,728

87,126

VAT

1,018

1,620

Prepayments and deposits

3,978

97,538

97,253

186,284

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

11,115

5,397

Amounts owed to group undertakings

205,353

351,732

Corporation tax

8,576

1,116

Social security and other taxes

1,501

773

Pension payable

681

650

Other creditors

-

3,337

Directors' loan accounts

774

774

Accrued expenses

51,378

3,387

279,378

367,166

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary

£0.01

100

100

During the year 10,000 ordinary shares of nominal value of £0.01 each were transferred from Puay Kiat Tan to Swan And Maclaren Group Pte. Ltd.

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

The Report of the Auditors was unqualified.

Katharine Halsall (Senior Statutory Auditor)

for and on behalf of Caldwell Penn Limited, Statutory Auditor

9.	RELATED PARTY DISCLOSURES

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.

At the year end, the following balances were held with related companies:

C2R Lighting (Singapore) Pte Ltd - £203,502 creditor (2023 - £351,732)

Swan & Maclaren Group Pte Ltd - £1,851 creditor (2023 - NIL)

Swan & Maclaren Arabia Limited - £529 debtor (2023 - NIL)

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking, the parent undertaking of the largest group of which the company is a member and for which group financial statements are prepared, is Swan & Maclaren Group Pte Ltd, a company incorporated in Singapore.