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COMPANY REGISTRATION NUMBER: 02233878

MOL Logistics (UK) Ltd.

Filleted Financial Statements

31 December 2025

MOL Logistics (UK) Ltd.

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 183,360 |  | 211,464

Current assets

Debtors | 7 | 1,051,694 |  | 917,304 |
Cash at bank and in hand | 525,090 |  | 845,088 |
| ------------ |  | ------------ |
| 1,576,784 |  | 1,762,392 |

Creditors: amounts falling due within one year | 8 | 597,105 |  | 433,074 |
| ------------ |  | ------------ |
Net current assets |  | 979,679 |  | 1,329,318
|  | ------------ |  | ------------
Total assets less current liabilities |  | 1,163,039 |  | 1,540,782

Creditors: amounts falling due after more than one year | 9 |  | 500,000 |  | –

Provisions

Taxation including deferred tax | 10 |  | – |  | 37,912
|  | ------------ |  | ------------
Net assets |  | 663,039 |  | 1,502,870
|  | ------------ |  | ------------

Capital and reserves

Called up share capital | 12 |  | 400,000 |  | 400,000
Profit and loss account | 13 |  | 263,039 |  | 1,102,870
|  | --------- |  | ------------
Shareholders funds |  | 663,039 |  | 1,502,870
|  | --------- |  | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 4 March 2026 , and are signed on behalf of the board by:

Mr T Kimura
Director

Company registration number: 02233878

MOL Logistics (UK) Ltd.

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 365 Stockley Close, West Drayton, UB7 9BL, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with the provision of FRS 102 Section 1A small entities, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 1A small entities. As such, advantage has been taken of the disclosure exemptions available under paragraph 1.12 of FRS 102 not to present a cash flow statement for the company.
Revenue recognition
Turnover represents services provided and commission from freight forwarding operations net of VAT. All turnover is derived from within the United Kingdom. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can reliably be estimated. When the outcome cannot be reliably estimates, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Rental costs under operating leases are charged to the profit and loss account in equal annual amounts over the periods of the leases.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold improvements | - | 10% straight line
| Fixtures and fittings | - | 20% straight line
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 25 (2024: 20 ).
5. Tax on loss
Major components of tax (income)/expense

| 2025 | 2024
| £ | £

Deferred tax:

Origination and reversal of timing differences | ( 37,912) | 1,186
| -------- | ------
Tax on loss | ( 37,912) | 1,186
| -------- | ------

6. Tangible assets

| Leasehold improvements | Fixtures and fittings | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2025 | 134,558 | 125,008 | 248,338 | 507,904
Additions | – | 977 | 9,040 | 10,017
| --------- | --------- | --------- | ---------
At 31 December 2025 | 134,558 | 125,985 | 257,378 | 517,921
| --------- | --------- | --------- | ---------
Depreciation |  |  |  |
At 1 January 2025 | 15,914 | 37,425 | 243,101 | 296,440
Charge for the year | 13,725 | 18,484 | 5,912 | 38,121
| --------- | --------- | --------- | ---------
At 31 December 2025 | 29,639 | 55,909 | 249,013 | 334,561
| --------- | --------- | --------- | ---------
Carrying amount |  |  |  |
At 31 December 2025 | 104,919 | 70,076 | 8,365 | 183,360
| --------- | --------- | --------- | ---------
At 31 December 2024 | 118,644 | 87,583 | 5,237 | 211,464
| --------- | --------- | --------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 284,557 | 231,212
Amounts owed by group undertakings | 111,786 | 62,927
Prepayments and accrued income | 292,314 | 258,834
Corporation tax repayable | 5,569 | 5,569
Other debtors | 357,468 | 358,762
| ------------ | ---------
| 1,051,694 | 917,304
| ------------ | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 203,080 | 116,370
Amounts owed to group undertakings | 161,651 | 77,595
Accruals and deferred income | 191,419 | 205,174
Social security and other taxes | 40,955 | 33,935
| --------- | ---------
| 597,105 | 433,074
| --------- | ---------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings | 500,000 | –
| --------- | ----

10. Provisions

| Deferred tax
| £
At 1 January 2025 | 37,912
Additions | ( 37,912)
| --------
At 31 December 2025 | –
| --------

11. Employee benefits
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 30,410 (2024: £ 21,578 ).
12. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 100 each | 4,000 | 400,000 | 4,000 | 400,000
| ------ | --------- | ------ | ---------

13. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
14. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 560,706 | 556,862
Later than 1 year and not later than 5 years | 1,049,406 | 1,571,680
Later than 5 years | – | 6,890
| ------------ | ------------
| 1,610,112 | 2,135,432
| ------------ | ------------

15. Summary audit opinion
The auditor's report dated 6 March 2026 was unqualified .
The senior statutory auditor was S Drain , for and on behalf of Edmund Carr LLP .
16. Related party transactions
The parent company of MOL Logistics (UK) Limited is MOL Logistics Holding (Europe) B.V., a company incorporated in The Netherlands. The company has taken advantage of the exemption granted by paragraph 33.1A of FRS 102 not to disclose related party transactions with MOL Logistics Holdings (Europe) B.V. group companies. In the opinion of the directors, the ultimate parent company and controlling entity is MOL Logistics Co. Ltd., a company incorporated in Japan. MOL Logistics Co. Ltd. is the parent undertaking of the largest group which includes the company and for which group accounts are prepared. Copies of the company's accounts can be obtained from that company's registered office at 20F, 21F Hibiya Daibiru Building, 1-2-2 Uchisaiwaicho, Chiyoda-ku, Tokyo 100-0011, Japan.