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REGISTERED NUMBER: 09617259 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2025

for

Watches Of Mayfair Limited

| Watches Of Mayfair Limited (Registered number: 09617259) |

Contents of the Financial Statements

for the Year Ended 30th June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Watches Of Mayfair Limited |

Company Information

for the Year Ended 30th June 2025

| DIRECTOR: | A Zvarych

| REGISTERED OFFICE: | 13 Shepherd Market

| London

| W1J 7PQ

| REGISTERED NUMBER: | 09617259 (England and Wales)

| ACCOUNTANTS: | Sampson Fielding Ltd

| 5th Floor

| 36-38 Wigmore Street

| London

| W1U 2BP

| Watches Of Mayfair Limited (Registered number: 09617259) |

Balance Sheet

30th June 2025

| 30/6/25 | 30/6/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 21,316 |  | - |  |

Tangible assets | 5 | 3,598 |  | 3,192 |  |

Investments | 6 | 200 |  | 200 |  |

25,114 |  | 3,392 |  |

CURRENT ASSETS

Stocks | 734,013 |  | 824,228 |  |

Debtors | 7 | 194,512 |  | 163,971 |  |

Cash at bank | 225,729 |  | 29,687 |  |

1,154,254 |  | 1,017,886 |  |

CREDITORS

Amounts falling due within one year | 8 | 596,943 |  | 350,090 |  |

NET CURRENT ASSETS | 557,311 |  | 667,796 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 582,425 |  | 671,188 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (114,170 | ) | (92,627 | ) |

PROVISIONS FOR LIABILITIES | (899 | ) | (798 | ) |

NET ASSETS | 467,356 |  | 577,763 |  |

CAPITAL AND RESERVES

Called up share capital | 300 |  | 300 |  |

Retained earnings | 467,056 |  | 577,463 |  |

467,356 |  | 577,763 |  |

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th April 2026 and were signed by:

A Zvarych - Director

| Watches Of Mayfair Limited (Registered number: 09617259) |

Notes to the Financial Statements

for the Year Ended 30th June 2025

1. | STATUTORY INFORMATION

| Watches Of Mayfair 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Watches Of Mayfair Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| 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.

| Significant judgements and estimates

| Estimates of the useful economic lives of fixed assets have been made in order to include depreciation and amortisation rates comparable with the rate at which the value of the assets should be recognised in the Statement of Comprehensive Income. No other estimates of a material nature have been included in the accounts.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

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

| Short leasehold | - | Straight line over 5 years

| Fixtures and fittings | - | Straight line over 5 years

| Computer equipment | - | straight line over 3 years

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less impairment.

| Stocks

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

| Watches Of Mayfair Limited (Registered number: 09617259) |

Notes to the Financial Statements - continued

for the Year Ended 30th June 2025

2. | ACCOUNTING POLICIES - continued

| Trade and other debtors

| Trade and other debtors 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

| Trade and other creditors

| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Financial instruments

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other amounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivable, are measured, initially and subsequentially, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not market rate or in case of an outright short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evident of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

| 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 and settle the liability simultaneously.

| 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

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

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

| Watches Of Mayfair Limited (Registered number: 09617259) |

Notes to the Financial Statements - continued

for the Year Ended 30th June 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1st July 2024 | 23,512 |  |

| Additions | 25,306 |  |

| At 30th June 2025 | 48,818 |  |

| AMORTISATION

| At 1st July 2024 | 23,512 |  |

| Charge for year | 3,990 |  |

| At 30th June 2025 | 27,502 |  |

| NET BOOK VALUE

| At 30th June 2025 | 21,316 |  |

| At 30th June 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | and |  | Computer |

| leasehold |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st July 2024 | 992 |  | 65,693 |  | 11,445 |  | 78,130 |  |

| Additions | - |  | - |  | 3,944 |  | 3,944 |  |

| Disposals | - |  | (582 | ) | - |  | (582 | ) |

| At 30th June 2025 | 992 |  | 65,111 |  | 15,389 |  | 81,492 |  |

| DEPRECIATION

| At 1st July 2024 | 529 |  | 64,789 |  | 9,620 |  | 74,938 |  |

| Charge for year | 198 |  | 282 |  | 2,602 |  | 3,082 |  |

| Eliminated on disposal | - |  | (126 | ) | - |  | (126 | ) |

| At 30th June 2025 | 727 |  | 64,945 |  | 12,222 |  | 77,894 |  |

| NET BOOK VALUE

| At 30th June 2025 | 265 |  | 166 |  | 3,167 |  | 3,598 |  |

| At 30th June 2024 | 463 |  | 904 |  | 1,825 |  | 3,192 |  |

| Watches Of Mayfair Limited (Registered number: 09617259) |

Notes to the Financial Statements - continued

for the Year Ended 30th June 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1st July 2024

| and 30th June 2025 | 200 |  |

| NET BOOK VALUE

| At 30th June 2025 | 200 |  |

| At 30th June 2024 | 200 |  |

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Trade debtors | 66,671 |  | 53,722 |  |

| Amounts owed by group undertakings | 5,116 |  | 5,116 |  |

| Other debtors | 80,015 |  | 77,838 |  |

| Prepayments and accrued income | 42,710 |  | 27,295 |  |

194,512 |  | 163,971 |  |

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans and overdrafts | 41,360 |  | 23,731 |  |

| Trade creditors | 206,911 |  | 211,619 |  |

| Social security and other taxes | 2,310 |  | - |  |

| VAT | 140,443 |  | 85,150 |  |

| Other creditors | 200,419 |  | 24,590 |  |

| Accrued expenses | 5,500 |  | 5,000 |  |

596,943 |  | 350,090 |  |

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans > 1 year | 7,240 |  | 32,868 |  |

| Other loans - 1-2 years | 106,930 |  | 59,759 |  |

114,170 |  | 92,627 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 30/6/25 |  | 30/6/24

£ | £ |

| Within one year | 46,000 |  | 46,000 |  |

| Between one and five years | 19,167 |  | 65,167 |  |

65,167 |  | 111,167 |  |