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Registration number: 14478284

Range Servant UK Limited
Annual Report and Financial Statements
for the Year Ended 31 December 2024

Range Servant UK Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Financial Statements | 3 to 9

Range Servant UK Limited

Company Information

Directors | E Knez U Olson

Registered office | Sweden House 5 Upper Montagu Street London W1H 2AG

Independent Auditors | Shaw Gibbs (Audit) Limited Statutory Auditor Salatin House 19 Cedar Road Sutton Surrey SM2 5DA

Range Servant UK Limited

(Registration number: 14478284)
Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Inventories | 5 | 217,871 | 245,912
Receivables | 6 | 141,222 | 68,545
Cash at bank and in hand | 7 | 49,982 | 94,517
|  | 409,075 | 408,974
Payables: Amounts falling due within one year | 8 | (888,469) | (681,316)
Net liabilities |  | (479,394) | (272,342)
Equity |  |  |
Called up share capital | 9 | 10 | 10
Retained earnings | 9 | (479,404) | (272,352)
Shareholders' deficit |  | (479,394) | (272,342)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

The financial statements of Range Servant UK Limited were approved and authorised for issue by the Board on 9 January 2026 and signed on its behalf by:

.........................................

U Olson
Director

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

1 | General information

Range Servant UK Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2 | Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Summary of disclosure exemptions

The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its parent, Range Servant AB. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.

Going concern

The directors have considered the company’s financial position, liquidity and future performance together with financial projections for the company and over the foreseeable future and have also reviewed the availability of resources from the company's group. After making enquiries, the directors are satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, They continue to adopt the going concern basis in preparing the company’s financial statements.
Range Servant UK Limited is reliant on the support of Range Servant AB as the parent company which is committed to the UK market and has demonstrated its support through a letter of support.

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of value added tax.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Receivables

Trade and other receivables that are receivable within one year and do not constitute a financing
transaction are recorded at the undiscounted amount expected to be received, net of impairment.
Those that are receivable after more than one year or that constitute a financing transaction are
recorded initially at fair value less transaction costs and subsequently at amortised cost, net of
impairment.

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, inventories are assessed for impairment. If inventories are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Payables

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. The assets of the schemes are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

4 | Taxation

Tax charged/(credited) in the income statement

| 2024 £ | 11 Nov 22 to 31 Dec 23 £
UK corporation tax | - | -

The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2023 - higher than the standard rate of corporation tax in the UK) of 25% (2023 - 25%).
The differences are reconciled below:

| 2024 £ | 11 Nov 22 to 31 Dec 23 £
Loss before tax | (207,052) | (272,352)
Corporation tax at standard rate | (51,763) | (68,088)
Effect of expense not deductible in determining tax loss | 508 | -
Effect of tax losses | 51,255 | 68,088
Total tax charge/(credit) | - | -

5 | Inventories

| 2024 £ | 2023 £
Finished goods and goods for resale | 217,871 | 245,912

6 | Receivables

| 2024 £ | 2023 £
Trade receivables | 117,484 | 46,164
Prepayments | 23,738 | 22,381
| 141,222 | 68,545

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

7 | Cash and cash equivalent

| 2024 £ | 2023 £
Cash at bank | 49,982 | 94,517

8 | Payables

| 2024 £ | 2023 £
Due within one year |  |
Trade payables | 11,137 | 14,562
Amount due to group undertakings | 850,621 | 577,463
Social security and other taxes | 16,546 | 29,361
Outstanding defined contribution pension costs | - | 406
Other payables | 2,665 | 96
Accruals and deferred income | 7,500 | 59,428
| 888,469 | 681,316

9 | Share capital and reserves

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £0.001 each | 10,000 | 10.00 | 10,000 | 10.00

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

10 | Obligations under leases

Operating leases

The total of future minimum lease payments is as follows:

| 2024 £ | 2023 £
Not later than one year | 12,551 | 25,101
Later than one year and not later than five years | - | 12,551
| 12,551 | 37,652

The amount of non-cancellable operating lease payments recognised as an expense during the year was £24,826 (2023 - £22,676).

11 | Pension Scheme

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £9,487 (2023 - £5,520).
Contributions totalling £Nil (2023 - £406) were payable to the scheme at the end of the year and are included in creditors.

12 | Related party transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities the not to disclose transactions with entities that are wholly owned members of the group.
There were no other related party transactions to disclose.

Range Servant UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

13 | Parent and ultimate parent undertaking

The company's immediate parent is Range Servant AB, incorporated in Sweden.
The ultimate parent is Meli Group AB , incorporated in Sweden.
The most senior parent entity producing publicly available financial statements is Meli Group AB. These financial statements are available upon request from Skallebackavägen 11, SE-302 41, Halmstad, Sweden.
The ultimate controlling party is Elvis Knez.

14 | Events after the financial period

There have been no significant events between the period end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.

15 | Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 9 January 2026 was Leanne Humphreys, who signed for and on behalf of Shaw Gibbs (Audit) Limited.