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| Britannia Global Management Limited
| Directors' report and financial statements
| For the year ended 31 December 2025
| Registered number: 12622200
Britannia Global Management Limited
Company Information
Directors | Aida Escribano Ramallo
| Jose Francisco Herrera
| Julio Cesar Herrera
Registered number | 12622200
Registered office | Level 28
| 52 Lime Street
| London
| EC3M 7AF
Independent auditor | Buzzacott Audit LLP
| 130 Wood Street
| London
| EC2V 6DL
Britannia Global Management Limited
Contents
| Page
Directors' report | 1 - 2
Independent auditor's report | 3 - 6
Statement of comprehensive income | 7
Statement of financial position | 8
Statement of changes in equity | 9
Notes to the financial statements | 10 - 17
Britannia Global Management Limited
Directors' report For the year ended 31 December 2025 The Directors present their report and the financial statements of Britannia Global Management Limited ('the Company') for the year ended 31 December 2025. The Company is a wholly-owned member of the group headed by Britannia Financial Group Limited ('the parent undertaking' or 'BFG'). The comparative information included in the financial statements is for the prior year ended 31 December 2024.
Principal activity
The principal activity of Britannia Global Management Limited is to provide comprehensive support services to all entities within the group headed by Britannia Financial Group Limited.
Results
The profit for the year, after taxation, amounted to £59,802 (2024 - £55,862).
Directors
The directors who served during the year were:
Aida Escribano Ramallo
Jose Francisco Herrera
Julio Cesar Herrera
Directors' responsibilities statement
The Directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 1
Britannia Global Management Limited
Directors' report (continued) For the year ended 31 December 2025
Disclosure of information to auditor
Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that: ∙so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and ∙the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
Small companies note
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on 1 April 2026 and signed on its behalf by:
Julio Cesar Herrera Director
Page 2
Independent auditor's report to the members of Britannia Global Management Limited For the year ended 31 December 2025
Opinion
We have audited the financial statements of Britannia Global Management Limited ('the Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report. Page 3
Independent auditor's report to the members of Britannia Global Management Limited (continued) For the year ended 31 December 2025
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The Directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of Directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit; or ∙the Directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report. Page 4
Independent auditor's report to the members of Britannia Global Management Limited (continued) For the year ended 31 December 2025
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: How the audit was considered capable of detecting irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: ∙the Senior Statutory Auditor ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; ∙we made enquiries of management as to where they considered there was susceptibility to fraud, and their knowledge of actual, suspected and alleged fraud; ∙we identified the laws and regulations that could reasonably be expected to have a material effect on the financial statements of the company through discussions with the Directors and other management at the planning stage; ∙the audit team held a discussion to identify any particular areas that were considered to be susceptible to misstatement, including with respect to fraud and non-compliance with laws and regulations; and ∙we focused our planned audit work on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company including the Companies Act 2006 and taxation legislation. We assessed the extent of compliance with the laws and regulations identified above through: ∙making enquiries of management; ∙inspecting legal correspondence throughout the period for any potential litigation or claims; and ∙considering the internal controls in place that are designed to mitigate risks of fraud and non-compliance with laws and regulations. Page 5
Independent auditor's report to the members of Britannia Global Management Limited (continued) For the year ended 31 December 2025 Auditor's responsibilities for the audit of the financial statements (continued) To address the risk of fraud through management bias and override of controls, we: ∙determined the susceptibility of the Company to management override of controls by checking the implementation of controls and enquiring of individuals involved in the financial reporting process; ∙reviewed journal entries throughout the period to identify unusual transactions; ∙performed analytical procedures to identify any large, unusual or unexpected transactions and investigated any large variances from the prior period; ∙tested the completeness of income by reconciling income from service agreements to the entries in the nominal ledger; and ∙carried out substantive testing to check the occurrence and cut-off of expenditure. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included: ∙agreeing financial statement disclosures to underlying supporting documentation; and ∙enquiring of management as to actual and potential litigation claims. There are inherent limitations in our audit procedures described above. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error as they may involve deliberate concealment or collusion. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Directors and other management and the inspection of regulatory and legal correspondence, if any. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Peter Chapman (Senior statutory auditor) for and on behalf of Buzzacott Audit LLP Statutory Auditor 130 Wood Street London EC2V 6DL 1 April 2026 Page 6
Britannia Global Management Limited
Statement of comprehensive income For the year ended 31 December 2025
| 2025 | 2024
Note | £ | £
Turnover |  | 1,621,527 | 1,430,986
Gross profit |  | 1,621,527 | 1,430,986
Administrative expenses |  | (1,574,005) | (1,362,845)
Operating profit/(loss) |  | 47,522 | 68,141
Interest receivable and similar income |  | - | 1
Profit before tax |  | 47,522 | 68,142
Tax on profit | 8 | 12,280 | (12,280)
Profit/(loss) for the financial year |  | 59,802 | 55,862
All amounts relate to continuing operations. There was no other comprehensive income for 2025 or 2024. The notes on pages 10 to 17 form part of these financial statements.
Page 7
Britannia Global Management Limited - Registered number:12622200
Statement of financial position As at 31 December 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 9 |  | 4,064 |  | -
|  |  | 4,064 |  | -
Current assets |  |  |  |  |
Debtors | 10 | 899,752 |  | 624,038 |
Cash at bank and in hand | 11 | 41,447 |  | 112,317 |
|  | 941,199 |  | 736,355 |
Creditors: amounts falling due within one year | 12 | (850,131) |  | (701,025) |
Net current assets |  |  | 91,068 |  | 35,330
Total assets less current liabilities |  |  | 95,132 |  | 35,330
Net assets |  |  | 95,132 |  | 35,330
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 90 |  | 90
Profit and loss account |  |  | 95,042 |  | 35,240
|  |  | 95,132 |  | 35,330
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small company regime. The financial statements were approved and authorised for issue by the board on 31 March 2026 and were signed on its behalf by:
Julio Cesar Herrera
Director
Date: 1 April 2026
Page 8
Britannia Global Management Limited
Statement of changes in equity For the year ended 31 December 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2024 | 90 | (20,622) | (20,532)
Comprehensive income for the year |  |  |
Profit for the year | - | 55,862 | 55,862
At 1 January 2025 | 90 | 35,240 | 35,330
Comprehensive income for the year |  |  |
Profit for the year | - | 59,802 | 59,802
Total comprehensive income for the year | - | 59,802 | 59,802
At 31 December 2025 | 90 | 95,042 | 95,132
| The notes on pages 10 to 17 form part of these financial statements.
Page 9
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025
1. | General information
Britannia Global Management Limited is a private company limited by shares and incorporated in England and Wales. The registered office and principal place of business of the Company is Level 28, 52 Lime Street, London, England, EC3M 7AF. Its registered number is 12622200. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, 'the Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | FRS 102 - disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102: ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Britannia Financial Group Limited as at 31 December 2025 and these financial statements may be obtained from The Registrar of Companies.
| 2.3 | Going concern
During the year ended 31 December 2025, the Company made a profit of £59,802 (2024: profit of £55,862) and as at 31 December 2025, the Company had net assets of £95,132 (2024: £35,330). The parent undertaking, Britannia Financial Group Limited ('BFG'), has confirmed its current intention to support the Company. The board of directors of BFG aims to develop a leading global financial firm offering banking, brokerage and securities services. BFG has consistently demonstrated strong capital and liquidity resilience, and remains well-positioned (with a healthy balance sheet) to absorb any future shocks. In considering going concern, the Directors have reviewed the capital, liquidity and financial position of the parent undertaking and concluded that the going concern basis is appropriate. Page 10
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Page 11
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 20% |
|  |  |  | Computer equipment | - | 20% |
The asset's residual values, useful lives and depreciating methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the year-end date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The Directors do not consider there to be any significant judgements or key sources of estimation uncertainty involved in the preparation of these financial statements. Page 12
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025
4. | Turnover
The whole of the turnover is attributable to the Company's principal activity. All turnover arose from activities performed within the United Kingdom.
5. | Auditor's remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditor for the audit of the Company's financial statements | 12,500 | 12,500
| Fees payable to the Company's auditor in respect of: |  |
| All other services | 2,500 | 2,500
6. | Staff costs and average number of employees
| Staff costs, excluding Directors' remuneration, during the year were as follows:
| Staff costs were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 1,144,919 | 1,073,371
| Social security costs | 159,622 | 127,290
| Company contribution to defined contribution scheme | 46,003 | 37,124
|  | 1,350,544 | 1,237,785
| The average monthly number of employees, excluding the Directors, was 17 (2024: 13) during the year, categorised as Administration.
7. | Directors' remuneration
| The Directors did not receive remuneration during the year (2024: £nil).
Page 13
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025
8. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax on profits for the year | - | 12,280
| Adjustments in respect of prior periods | (12,280) | -
|  | (12,280) | 12,280
| Total current tax | (12,280) | 12,280
| Deferred tax |  |
| Total deferred tax | - | -
| Tax on profit | (12,280) | 12,280
| Factors affecting tax charge for the year
| The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 -25%) as set out below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 47,522 | 68,142
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 11,880 | 17,036
| Effects of: |  |
| Movement in deferred tax not recognised | (1,167) | (4,756)
| Adjustments to tax charge in respect of prior periods | (12,280) | -
| Group relief | (10,713) | -
| Total tax charge for the year | (12,280) | 12,280
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 14
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025
9. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| Additions | 1,015 | 3,631 | 4,646
| At 31 December 2025 | 1,015 | 3,631 | 4,646
| Depreciation |  |  |
| Charge for the year on owned assets | 123 | 459 | 582
| At 31 December 2025 | 123 | 459 | 582
| Net book value |  |  |
| At 31 December 2025 | 892 | 3,172 | 4,064
| At 31 December 2024 | - | - | -
10. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 888,510 | 614,137
| Other debtors | 1,651 | 1,913
| Prepayments and accrued income | 3,339 | 7,988
| Tax recoverable | 6,252 | -
|  | 899,752 | 624,038
11. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 41,447 | 112,317
|  | 41,447 | 112,317
Page 15
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025
12. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 772 | 2,550
| Amounts owed to related undertakings | 635,018 | 471,741
| Corporation tax | - | 12,280
| Other taxation and social security | 50,349 | 40,213
| Other creditors | - | 603
| Accruals and deferred income | 163,992 | 173,638
|  | 850,131 | 701,025
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 90 (2024 - 90) Ordinary shares of £1.00 each | 90 | 90
14. | Reserves
Profit and loss account: The profit and loss account includes all current and prior periods' retained earnings.
15. | Contingent liabilities
The Company had no contingent liabilities at 31 December 2025 or 31 December 2024.
16. | Capital commitments
The Company had no capital commitments at 31 December 2025 or 31 December 2024.
17. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £46,003 (2024 - £37,124). The amount due at the year end is £nil (2024 - £603). Page 16
Britannia Global Management Limited
Notes to the financial statements For the year ended 31 December 2025
18. | Related party transactions
| The financial statements do not include disclosure of transactions between the Company and other entities which are wholly owned within the group headed by Britannia Financial Group Limited. This is because as a subsidiary whose shares are 100% controlled within the group, the Company is exempt from the requirement to disclose such transactions, under Financial Reporting Standard 102 paragraph 33.1A Related Party Disclosures. During the year there were administrative cost recharges between the Company and Britannia Digital Holdings Limited for the amount of £64,296 (2024: £34,355). As at 31 December 2025, £100,624 (2024: £36,328) was owed from Britannia Digital Holdings Limited. The two companies have the same ultimate controlling party. During the year there were administrative cost recharges between the Company and EGS Capital Limited for the amount of £57,157 (2024: £106,240). As at 31 December 2025, £55,661 (2024: £112,818) was owed from EGS Capital Limited. The two companies have the same ultimate controlling party. During the year the Company received refunds of £58,217 (2024: £363,820) on behalf of Britannia & Company Limited. As at 31 December 2025, £339,393 (2024: £397,610) was owed from Britannia & Company Limited. The two companies have the same ultimate controlling party. During the year there were administrative cost recharges between the Company and Emirates Financial Group Limited for the amount of £309,624 (2024: £34,355). As at 31 December 2025, £343,979 (2024: £34,355) was owed from Emirates Financial Group Limited. The two companies have the same ultimate beneficial owner. During the year there were administrative cost recharges between the Company and Britannia Bank & Trust for the amount of £nil (2024: £26,951). As at 31 December 2025, £28,595 (2024: £28,595) was owed from Britannia Bank & Trust. The two companies have the same ultimate beneficial owner. During the year there were administrative cost recharges for the amount of £4,359 (2024: £4,431). Britannia Securities Limited was dissolved on 21 October 2025. The two companies had the same ultimate controlling party up to the point of sale.
19. | Controlling party
The parent undertaking of the Company is Britannia Financial Group Limited, which holds 100% of the share capital of the company. The largest and smallest group of undertakings for which consolidated financial statements are prepared of which the Company is a member is that headed by Britannia Financial Group Limited. The registered office address of Britannia Financial Group Limited is Floor 28, 52 Lime Street, London EC3M 7AF. These accounts are publicly available from Companies House at Crown Way, Cardiff, CF14 3UZ. The ultimate controlling party is Julio Cesar Herrera.
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