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REGISTERED NUMBER: 01639935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

CHARLES GRAY LONDON LIMITED

CHARLES GRAY LONDON LIMITED (REGISTERED NUMBER: 01639935) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| CHARLES GRAY LONDON LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTOR: | Ms H J Berman

| SECRETARY: | S A Berman

| REGISTERED OFFICE: | Studio 29 Lonsdale Road

| London

| NW6 6RA

| REGISTERED NUMBER: | 01639935 (England and Wales)

| ACCOUNTANTS: | Melinek Fine LLP

| Chartered Accountants

| First Floor, Winston House

| 349 Regents Park Road

| London

| N3 1DH

CHARLES GRAY LONDON LIMITED (REGISTERED NUMBER: 01639935) |

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 28,368 |  | 31,520 |  |

CURRENT ASSETS

Stocks | 80,171 |  | 112,919 |  |

Debtors | 5 | 969,658 |  | 1,055,818 |  |

Cash at bank and in hand | 121,544 |  | 88,429 |  |

1,171,373 |  | 1,257,166 |  |

CREDITORS

Amounts falling due within one year | 6 | 659,252 |  | 708,420 |  |

NET CURRENT ASSETS | 512,121 |  | 548,746 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 540,489 |  | 580,266 |  |

PROVISIONS FOR LIABILITIES | 7,092 |  | 7,880 |  |

NET ASSETS | 533,397 |  | 572,386 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Profit and loss account | 533,297 |  | 572,286 |  |

533,397 |  | 572,386 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

Ms H J Berman - Director

CHARLES GRAY LONDON LIMITED (REGISTERED NUMBER: 01639935) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Charles Gray 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 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 represents amounts receivable for goods net of VAT.

| 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

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

| Land and buildings | - | over the term of the lease

| Plant and machinery etc | - | 10% on reducing balance

| 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

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Finished products include labour costs.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

| provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current asset investments, represented by listed investments, are subsequently recognised at market value.

| Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

| Financial liabilities that are classified as payable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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 or settle the liability simultaneously.

CHARLES GRAY LONDON LIMITED (REGISTERED NUMBER: 01639935) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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

| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

| Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

| Exchange gains and losses are recognised in the profit and loss account

| Retirement benefits

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Foreign exchange

| 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 in the period are included in profit or loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

CHARLES GRAY LONDON LIMITED (REGISTERED NUMBER: 01639935) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024

| and 30 June 2025 | 38,362 |  | 115,928 |  | 154,290 |  |

| DEPRECIATION

| At 1 July 2024 | 38,362 |  | 84,408 |  | 122,770 |  |

| Charge for year | - |  | 3,152 |  | 3,152 |  |

| At 30 June 2025 | 38,362 |  | 87,560 |  | 125,922 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  | 28,368 |  | 28,368 |  |

| At 30 June 2024 | - |  | 31,520 |  | 31,520 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 55,176 |  | 120,606 |  |

| Amounts owed by group undertakings | 314,385 |  | 389,670 |  |

| Other debtors | 600,097 |  | 545,542 |  |

969,658 |  | 1,055,818 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 64,731 |  | 81,778 |  |

| Amounts owed to group undertakings | 570,453 |  | 582,570 |  |

| Taxation and social security | 17,810 |  | 18,874 |  |

| Other creditors | 6,258 |  | 25,198 |  |

659,252 |  | 708,420 |  |

7. | LEASING AGREEMENTS

| At 30 June 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £122,284 (2024: £177,184).

8. | RELATED PARTY TRANSACTIONS

| Included in debtors is an amount of £549,503 (2024: £490,421) due from a related party company which is under common control.

| The amount is interest free and repayable on demand.

9. | CONTROL

| The ultimate parent company is Charles Gray Holdings Limited, a company registered in England and Wales.