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REGISTERED NUMBER: 13182958 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OUR PLACE U.K. LIMITED

| OUR PLACE U.K. LIMITED (REGISTERED NUMBER: 13182958) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| OUR PLACE U.K. LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | A Shahid

| A Tehrani

| REGISTERED OFFICE: | 6th Floor One London Wall

| London

| EC2Y 5EB

| REGISTERED NUMBER: | 13182958 (England and Wales)

| INDEPENDENT AUDITORS: | Byrd Link Audit & Accountancy Services Limited

| Statutory Auditor

| Honeybourne Place

| Jessop Avenue

| Cheltenham

| Gloucestershire

| GL50 3SH

| OUR PLACE U.K. LIMITED (REGISTERED NUMBER: 13182958) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 2024 |  | 2023

| as restated |

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 986,157 |  | 2,238,921 |  |

Debtors: amounts falling due within one year | 4 | 767,435 |  | 531,255 |  |

Cash at bank | 4,048,091 |  | 4,755,023 |  |

5,801,683 |  | 7,525,199 |  |

CREDITORS

Amounts falling due within one year | 5 | 5,285,368 |  | 7,540,653 |  |

NET CURRENT ASSETS/(LIABILITIES) | 516,315 |  | (15,454 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 516,315 |  | (15,454 | ) |

CAPITAL AND RESERVES

Called up share capital | 6 | 1 |  | 1 |  |

Other reserves | 37,436 |  | 27,619 |  |

Retained earnings | 478,878 |  | (43,074 | ) |

SHAREHOLDERS' FUNDS | 516,315 |  | (15,454 | ) |

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 Board of Directors and authorised for issue on 1 April 2026 and were signed on its behalf by:

A Shahid - Director

| OUR PLACE U.K. LIMITED (REGISTERED NUMBER: 13182958) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Our Place U.K. 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Stocks

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

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

| Going concern

| The directors have sought and received response from the parent company that financial support will be forthcoming for the next 12 months. On this basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| OUR PLACE U.K. LIMITED (REGISTERED NUMBER: 13182958) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on Debtors.

| Creditors

| Short term creditors are measured at the transaction price.

| Share-based payment transactions

| Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Statement of financial position date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

| The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the company keeping the scheme open or the employee maintaining any contributions required by the scheme).

| Where the terms and conditions of options are modified before they vest, the increase in the fairvalue of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

| Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

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

2024 | 2023 |

| as restated |

£ | £ |

| Trade debtors | 767,028 |  | 525,066 |  |

| Deferred tax asset | 406 |  | 6,188 |  |

| Called up share capital not paid | 1 |  | 1 |  |

767,435 |  | 531,255 |  |

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

2024 | 2023 |

| as restated |

£ | £ |

| Trade creditors | 182,632 |  | 130,069 |  |

| Amounts owed to group undertakings | 2,739,209 |  | 6,067,397 |  |

| Corporation tax | 171,474 |  | - |  |

| VAT | 1,534,229 |  | 865,383 |  |

| Other creditors | 1,625 |  | 2,521 |  |

| Accruals and deferred income | 510,750 |  | 330,803 |  |

| Accrued expenses | 145,449 |  | 144,480 |  |

5,285,368 |  | 7,540,653 |  |

| OUR PLACE U.K. LIMITED (REGISTERED NUMBER: 13182958) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: |  | as restated |

£ | £ |

| 100 | Ordinary | 0.01 | 1 |  | 1 |  |

| A correction was made to the value of share capital in the prior year, it has been previously been recognised at £100 however, it has subsequently been noted that the share were allocated at £0.01 per share as opposed to £1 per share and therefore the value should have been reported as £1.

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

| The Auditors' Report was unqualified.

| Nathan Smith ACA (Senior Statutory Auditor)

| for and on behalf of Byrd Link Audit & Accountancy Services Limited

8. | 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.

9. | ULTIMATE CONTROLLING PARTY

| The Company is a wholly owned subsidiary of Lagom Kitchen Company, a company incorporated in the United States of America. The smallest group in which the results of the Company are consolidated is that headed by Lagom Kitchen Company with its registered office at 3924 Tuller Ave, Culver City, California, 90230, United States of America.

10. | SHARE-BASED PAYMENT TRANSACTIONS

| The company participates in a share option scheme for all employees. Options are exercisable on the shares of the ultimate parent company at a price equal to the estimated fair value of the ultimate parent company's shares on the date of the grant.

| The vesting period is four years. If the options remain unexercised after a period of ten years from the date of the grant the options expire. Options are forfeited if the employee leaves the company before the options vest.

| The company did not enter into any share based payment transactions with parties other than employees during the year.

| In the prior year, a modification event occurred due to the valuation for the prior year being lower than the strike price and therefore these options were repriced.

| A reserve transfer has been made for the forfeited options during the year for a total of £7,700.

|  | Weighted average exercise price $ |  | Number 2024 |  | Weighted average exercise price $ |  | Number 2023 |  |

| Outstanding at the beginning of the year |  | 2.70 |  | 15,750 |  | 6.82 |  | 15,750 |  |

| Options granted during the year |  | 2.71 |  | 4,250 |  | - |  | - |  |

| Options exercised during the year |  | - |  | - |  | - |  | - |  |

| Options forfeited during the year |  | (2.70 | ) | (3,000 | ) | - |  | - |  |

| Outstanding at end of year |  | 2.70 |  | 17,000 |  | 2.70 |  | 15,750 |  |

|  | 2024 |  | 2023 |  |

| £ |  | £ |  |

| Share based payments expense |  | 17,517 |  | 22,976 |  |