Company No: 15425140 (England and Wales)

Contents

• Company Information
• Strategic Report
• Director's Report
• Director's Responsibilities Statement
• Independent Auditor's Report
• Profit and Loss Account
• Balance Sheet
• Statement of Changes in Equity
• Statement of Cash Flows
• Notes to the Financial Statements

DIRECTOR

Henrik Aslaksen

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

15425140 (England and Wales)

AUDITOR	Dixon Wilson Audit Services LLP
	Statutory Auditor
	22 Chancery Lane
	London
	WC2A 1LS

The director presents their Strategic Report for the financial year ended 31 December 2025.

REVIEW OF THE BUSINESS

The Company's principal activity is acting as an intermediary between financial service providers and third-parties. During the year, the Company generated revenue of £66,150 (2024:Nil) from these services.

The Company is authorised and regulated by the Financial Conduct Authority ("the FCA") in connection with the conduct of those activities subject to the provisions of the Financial Services Act 2012.

KEY PERFORMANCE INDICATORS ('KPIS')

As shown in the Company's Profit and Loss Account on page 8, the loss for the year, after taxation, amounts to £179,900 (2024: £54,715). Net assets, as shown on the Balance Sheet on page 9, are £273,427 (2024: £195,285).

No dividends were paid during the year.

PRINCIPAL RISKS AND UNCERTAINTIES

As the regulatory environment is a key factor in the Company’s provision of services, the director is particularly mindful of the extent and impact of new regulations. The Company is still in the set-up stage and is looking to onboard clients. The Company is adequately capitalised as required for an entity regulated by the FCA.

The director does not consider liquidity, credit or foreign exchange risk to be significant, but as the Company’s operations become more significant, will continue to monitor these in the normal course of business.

Approved by the Board of Directors and signed on its behalf by:

Henrik Aslaksen Director

22 March 2026

The director presents this annual report on the affairs of the Company, together with the financial statements and auditors’ report, for the financial year ended 31 December 2025.

DIRECTOR

The director, who served during the financial year and to the date of this report except as noted, was as follows:

Henrik Aslaksen

AUDITOR

Each of the persons who is a director at the date of approval of this report confirms 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 they ought to have taken as a director in order to make himself/herself aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

Approved by and signed by the director:

Henrik Aslaksen Director

22 March 2026

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the director must not approve the financial statements unless the director is 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 financial period.

In preparing these financial statements, the director is required to:
* Select suitable accounting policies 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; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 enable them to ensure that the financial statements comply with the Companies Act 2006. The director is 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.

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Lighthouse Canton UK Ltd (the ‘Company’) for the year ended 31 December 2025 which comprise the Profit and Loss account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows and notes to the financial statements, 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 loss for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
• 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 UK, including the FRC’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 director's 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.

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 director is responsible for the other information. 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.


In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Report on other legal and regulatory requirements

Opinions 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 Director's Report and the Strategic Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
• the Strategic Report and the Director's 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 Director's Report and the Strategic 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 director's remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the director's responsibilities statement set out on page 4, the director is 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 director determines 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 director is 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:

We gained an understanding of the legal and regulatory framework applicable to the company by considering, amongst other things, the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the assessed level of risk, but recognised that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, UK Company Law, UK tax legislation and FCA Regulations.

Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management, enquiries of third parties including banks, consideration of the firm’s FCA scope of permission and performing recalculations based on source documentation.

As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

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.

Charlotte Milner (Senior Statutory Auditor)
For and on behalf of Dixon Wilson Audit Services LLP
Statutory Auditor

22 Chancery Lane
London
WC2A 1LS

22 March 2026

	Note	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
		£		£
Turnover	2	66,150		0
Administrative expenses		( 281,185)		( 113,679)
Other operating income	3	32,932		58,964
Operating loss		( 182,103)		( 54,715)
Interest receivable and similar income	4	2,382		0
Interest payable and similar expenses	4	( 179)		0
Loss before taxation		( 179,900)		( 54,715)
Tax on loss	7	0		0
Loss for the financial year/period		( 179,900)		( 54,715)

	Note	31.12.2025		31.12.2024
		£		£
Current assets
Debtors	8	82,928		313
Cash at bank and in hand		240,643		259,251
		323,571		259,564
Creditors: amounts falling due within one year	9	( 50,144)		( 64,279)
Net current assets		273,427		195,285
Total assets less current liabilities		273,427		195,285
Net assets		273,427		195,285
Capital and reserves	11
Called-up share capital		508,042		250,000
Profit and loss account		( 234,615)		( 54,715)
Total shareholder's funds		273,427		195,285

The financial statements of Lighthouse Canton UK Ltd (registered number: 15425140) were approved and authorised for issue by the Board of Directors on 22 March 2026. They were signed on its behalf by:

Henrik Aslaksen Director

	Called-up share capital		Profit and loss account		Total
	£		£		£
At 18 January 2024	0		0		0
Loss for the financial period	0		( 54,715)		( 54,715)
Total comprehensive loss	0		( 54,715)		( 54,715)
Issue of share capital	250,000		0		250,000
At 31 December 2024	250,000		( 54,715)		195,285
At 01 January 2025	250,000		( 54,715)		195,285
Loss for the financial year	0		( 179,900)		( 179,900)
Total comprehensive loss	0		( 179,900)		( 179,900)
Issue of share capital	258,042		0		258,042
At 31 December 2025	508,042		( 234,615)		273,427

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Net cash flows from operating activities (note 12)	( 278,853)		9,251
Cash flows from investing activities
Net cash flows from investing activities	0		0
Cash flows from financing activities
Proceeds on issue of shares	258,042		250,000
Interest paid	(179)		0
Interest received	2,382		0
Net cash flows from financing activities	260,245		250,000
Net (decrease)/increase in cash and cash equivalents	( 18,608)		259,251
Cash and cash equivalents at beginning of year/period	259,251		0
Cash and cash equivalents at end of year/period	240,643		259,251
Reconciliation to cash at bank and in hand:
Cash at bank and in hand at end of year/period	240,643		259,251
Cash and cash equivalents at end of year/period	240,643		259,251

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Lighthouse Canton UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council and the requirements of the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Company’s Balance Sheet and current cash position and concluded that the Company has sufficient resources to meet its expected outgoings as at the date of approving these financial statements, and to continue in operational existence for the foreseeable future.

Accordingly, the director continues to adopt the going concern basis in preparing the annual financial statements. In addition, the Company expects to receive continued financial support from its parent entity.

Turnover

Turnover represents fees earned from providing introductory services between financial service providers and third parties.

Turnover is stated net of VAT and is recognised when the Company has fulfilled its obligation to provide the introduction and become entitled to consideration.

Where fees are contingent on the third party completing a subsequent transaction, revenue is recognised only when that condition has been met.

Turnover is measured at the fair value of consideration received or receivable.

Amounts received in advance of services being provided are recognised as deferred income until the related service has been performed.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Turnover

Turnover represents the fair value of services provided to customers during the financial year excluding value added tax.

Turnover is wholly attributable to the principal activity of the Company and arises solely within the United Kingdom.

An analysis of the company's turnover is as follows:

	31.12.2025		31.12.2024
	£		£
Rendering of services	66,150		0

3. Other operating income

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Loan balances written off	32,932		58,964

4. Interest receivable and interest payable

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Interest receivable and similar income	2,382		0
Interest payable and similar expenses	( 179)		0
	2,203		0

5. Auditor's remuneration

An analysis of the auditor's remuneration is as follows:

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Fees payable to the company’s auditor and its associates for the audit of the company's annual financial statements:	12,000		12,000
Total audit fees	12,000		12,000
Other services	17,790		8,872
Total non-audit fees	17,790		8,872

6. Staff number and costs

	31.12.2025		31.12.2024
	Number		Number
The average monthly number of employees (including directors) was:	1		1

Their aggregate remuneration comprised:

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Wages and salaries	101,602		42,917
Social security costs	272		3,194
Other retirement benefit costs	4,597		1,693
	106,471		47,804

7. Tax on loss

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Current tax on loss
UK corporation tax	0		0
Total current tax	0		0
Total tax on loss	0		0

At the balance sheet date, the Company had unused tax losses of £234,039 (2024: £54,715). The potential deferred tax asset in respect of these losses, calculated at 25%, is £44,876 (2024: £13,679). No deferred tax asset has been recognised, as the director considers that there is uncertainty over the timing of future taxable profits will be available against which the losses can be utilised.

Tax reconciliation

The tax assessed for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK, as the Company incurred losses in the year.

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Loss before taxation	(179,900)		(54,715)
Tax on loss at standard UK corporation tax rate of 25% (2024: 25%)	( 44,975)		( 13,679)
Effects of:
Expenses not deductible for tax purposes	45		0
Change in unrecognised deferred tax assets	44,831		13,679
	0		0
Total tax credit for year/period	(99)		0

8. Debtors

	31.12.2025		31.12.2024
	£		£
Trade debtors	66,150		0
Amounts owed by group undertakings (note 13)	250		250
Prepayments	16,528		63
	82,928		313

9. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Trade creditors	28,852		0
Payroll taxes payable	3,281		0
Accruals	12,660		16,475
Other creditors	5,351		47,804
	50,144		64,279

10. Financial instruments

The carrying values of the company’s financial assets and liabilities are summarised by category below:

	31.12.2025		31.12.2024
	£		£
Financial assets
Measured at undiscounted amount receivable
Trade debtors (note 8)	66,150		0
Amounts owed by Group undertakings (note 8)	250		250
	66,400		250
Financial liabilities
Measured at undiscounted amount payable
Trade creditors (note 9)	4,885		0
Other payables	8,444		46,631
Accruals	13,824		16,475
	27,153		63,106

11. Called-up share capital and reserves

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
508,042 Ordinary shares of £ 1.00 each (31.12.2024: 250,000 shares of £ 1.00 each)	508,042		250,000
Presented as follows:
Called-up share capital presented as equity	508,042		250,000

12. Statement of Cash Flows

	Year ended 31.12.2025		Period from 18.01.2024 to 31.12.2024
	£		£
Operating loss	( 182,103)		( 54,715)
Adjustment for:
Operating cash flows before movement in working capital	( 182,103)		( 54,715)
Increase in debtors	( 82,615)		( 313)
(Decrease)/increase in creditors	( 14,135)		64,279
Cash generated by operations	( 278,853)		9,251
Net cash flows from operating activities	( 278,853)		9,251

13. Related party transactions

Transactions with related parties or connected persons

Amounts owed by related parties

	31.12.2025		31.12.2024
	£		£
Stamp duty paid on behalf of the parent entity	250		250

Amounts owed to related parties

	31.12.2025		31.12.2024
	£		£
Balance owed to AWM Capital Partners written off	32,932		58,964

In the previous period, a balance of £58,964 owed to AWM Capital Partners Private Ltd, the former parent entity, was written off.

14. Controlling party

The Company's ultimate parent is Lighthouse Canton Investment Holdings Pte. Ltd, incorporated in Singapore.

The most senior parent entity producing financial statements is Lighthouse Canton Investment Holdings Pte. Ltd. These financial statements are available from the Accounting and Regulatory Authority (ACRA) in Singapore.

The address of Lighthouse Canton Investment Holdings Pte. Ltd is:
16 Collyer Quay
#11-02 Collyer Quay Center
Singapore 049318