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REGISTERED NUMBER: 03580059 (England and Wales)

CROWN HOUSE PUBLISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 9 |

| CROWN HOUSE PUBLISHING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mrs K J Bowman

| D S J Bowman

| Mrs E G Roberts

| Dr M Roberts

| SECRETARY: | Mrs K J Bowman

| REGISTERED OFFICE: | Crown Buildings

| Bancyfelin

| Carmarthen

| Carmarthenshire

| SA33 5ND

| REGISTERED NUMBER: | 03580059 (England and Wales)

| ACCOUNTANTS: | Bevan Buckland Ltd

| Ground Floor Cardigan House

| Castle Court

| Swansea Enterprise Park

| Swansea

| SA7 9LA

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,598 |  | 234,196 |  |

Investments | 5 | 72,089 |  | 72,089 |  |

75,687 |  | 306,285 |  |

CURRENT ASSETS

Stocks | 373,829 |  | 330,938 |  |

Debtors | 6 | 146,056 |  | 185,302 |  |

Cash at bank and in hand | 208,006 |  | 220,724 |  |

727,891 |  | 736,964 |  |

CREDITORS

Amounts falling due within one year | 7 | 181,448 |  | 220,703 |  |

NET CURRENT ASSETS | 546,443 |  | 516,261 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 622,130 |  | 822,546 |  |

PROVISIONS FOR LIABILITIES | - |  | 329 |  |

NET ASSETS | 622,130 |  | 822,217 |  |

CAPITAL AND RESERVES

Called up share capital | 1,033 |  | 1,033 |  |

Capital redemption reserve | 50 |  | 50 |  |

Retained earnings | 621,047 |  | 821,134 |  |

622,130 |  | 822,217 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

BALANCE SHEET - continued

31 DECEMBER 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2026 and were signed on its behalf by:

Mrs K J Bowman - Director

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

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

| Turnover reflects the sale of books and the sale of publishing rights. Book sales are recognised when the customer receives the book. Rights income is recognised when the rights are transferred.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Improvements to property | - | 2% on cost

| Plant and Machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on cost

| Impairment

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply, Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Stocks

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

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| 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.

| Treatment of overseas LLC subsidiary

| The Company has a 99% owned American registered subsidiary, Crown House Publishing Company LLC, the investment in this company has been treated on a cost basis and is held within investments on the Balance Sheet.

| Income from overseas subsidiary

| Income received from "Crown House Publishing Company LLC", the subsidiary held by the company, is

| recognised on a receipts basis.

| Debtors

| Trade and other debtors are recognised at the settlement amount after any trade discount offered.

| Prepayments

| are valued at the amount prepaid net of any trade discounts due.

| Cash at bank and in hand

| Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of

| three months or less from the date of acquisition or opening of the deposit or similar account.

| Creditors and provisions

| Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

| 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.

| Going Concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Presentational and functional currency

| The presentational and functional currency is £ sterling.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2024 - 15 ) .

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | Machinery

£ | £ | £ |

| COST

| At 1 January 2025 | 350,000 |  | 33,181 |  | 25,739 |  |

| Disposals | (350,000 | ) | (33,181 | ) | - |  |

| At 31 December 2025 | - |  | - |  | 25,739 |  |

| DEPRECIATION

| At 1 January 2025 | 122,500 |  | 33,181 |  | 21,156 |  |

| Charge for year | 5,833 |  | - |  | 985 |  |

| Eliminated on disposal | (128,333 | ) | (33,181 | ) | - |  |

| At 31 December 2025 | - |  | - |  | 22,141 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | 3,598 |  |

| At 31 December 2024 | 227,500 |  | - |  | 4,583 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 3,481 |  | 12,291 |  | 424,692 |  |

| Disposals | (3,481 | ) | - |  | (386,662 | ) |

| At 31 December 2025 | - |  | 12,291 |  | 38,030 |  |

| DEPRECIATION

| At 1 January 2025 | 1,368 |  | 12,291 |  | 190,496 |  |

| Charge for year | 578 |  | - |  | 7,396 |  |

| Eliminated on disposal | (1,946 | ) | - |  | (163,460 | ) |

| At 31 December 2025 | - |  | 12,291 |  | 34,432 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | 3,598 |  |

| At 31 December 2024 | 2,113 |  | - |  | 234,196 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 72,089 |  |

| NET BOOK VALUE

| At 31 December 2025 | 72,089 |  |

| At 31 December 2024 | 72,089 |  |

CROWN HOUSE PUBLISHING LIMITED (REGISTERED NUMBER: 03580059) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | FIXED ASSET INVESTMENTS - continued

| The investment in subsidiaries represents a 99% shareholding in Crown House Publishing Company LLC, a company incorporated in the United States of America. The principle activity of the business is the distribution of books in the US.

| Under the provision of Section 398 of the Companies Act 2006, the company is entitled to the exemption from preparing group financial statements.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 42,486 |  | 91,379 |  |

| Amounts owed by group undertakings | 88,263 |  | 81,465 |  |

| Other debtors | 15,307 |  | 12,458 |  |

146,056 |  | 185,302 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,458 |  | 3,617 |  |

| Trade creditors | 123,575 |  | 138,833 |  |

| Amounts owed to group undertakings | 23,179 |  | 23,179 |  |

| Taxation and social security | - |  | 1,429 |  |

| Other creditors | 30,236 |  | 53,645 |  |

181,448 |  | 220,703 |  |

8. | RELATED PARTY DISCLOSURES

| Included within other creditors is a balance of £21,373 (2024: £24,792) which is owed to the directors of the company.

| Also included within "Amounts owing to group undertakings" is a balance of £23,179 (2024: £23,179) owed to The Anglo-American Book Company (Holdings) Limited, the ultimate parent company. And a balance of £88,263 (2024: £81,465) owed from Crown House Publishing LLC.

9. | ULTIMATE CONTROLLING PARTY

| The directors regard Mrs K J Bowman and Mr D S J Bowman as the ultimate controlling party by virtue of their controlling interest in the share capital of the ultimate parent company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CROWN HOUSE PUBLISHING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crown House Publishing Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Crown House Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crown House Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Crown House Publishing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crown House Publishing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crown House Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Crown House Publishing Limited. You consider that Crown House Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crown House Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bevan Buckland Ltd

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

9 April 2026