REGISTERED NUMBER: 10487696 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Radio Holland UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S W Gallighan

S R Zaadnoordijk

REGISTERED OFFICE:

The Old Coach House

Castle Eden

Hartlepool

Co. Durham

TS27 4SU

REGISTERED NUMBER:

10487696 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

2,034

4,865

2,035

4,866

CURRENT ASSETS

Stocks

80,210

68,586

Debtors

6

370,742

311,246

Cash at bank

292,290

248,255

743,242

628,087

CREDITORS

Amounts falling due within one year

7

702,903

656,168

NET CURRENT ASSETS/(LIABILITIES)

40,339

(28,081

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,374

(23,215

)

CAPITAL AND RESERVES

Called up share capital

9

200,002

200,001

Share premium

349,619

-

Retained earnings

(507,247

)

(223,216

)

SHAREHOLDERS' FUNDS

42,374

(23,215

)

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 21 April 2026 and were signed on its behalf by:

S W Gallighan - Director

1.	STATUTORY INFORMATION

Radio Holland UK Ltd 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, rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern

These financial statements are prepared on a going concern basis, The company is a wholly-owned subsidiary of a large international group and operates as a UK branch, regularly incurring operating losses, under the group's global strategy of maintaining a corporate presence in every country in which they operate. The company relies upon intra-group funding to continue trading with such funding at the year-end amounting to £584,150 (2024: £482,812).

The directors have considered the company's reliance on this intra-group funding and have obtained confirmation from the parent undertaking that such financial support, including an agreement not to demand repayment of existing balances to the detriment of the company's ability to continue trading, will continue for the foreseeable future and for at least 12 months from the date of approval of these financial statements. Accordingly, the directors consider the going concern basis to be appropriate.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of communication spares is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from maintenance agreements is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. Provision is made for any impairment.

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.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Computer equipment

-

50% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

5,000

11,729

16,729

DEPRECIATION

At 1 January 2025

3,909

7,955

11,864

Charge for year

1,091

1,740

2,831

At 31 December 2025

5,000

9,695

14,695

NET BOOK VALUE

At 31 December 2025

-

2,034

2,034

At 31 December 2024

1,091

3,774

4,865

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

183,860

166,015

Amounts owed by group undertakings

119,087

65,827

Amounts recoverable on contract

60,029

64,183

VAT

-

5,982

Prepayments

7,766

9,239

370,742

311,246

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

32,332

76,775

Amounts owed to group undertakings

614,453

484,328

Social security and other taxes

14,043

19,181

VAT

1,712

-

Other creditors

3,353

5,717

Accruals and deferred income

37,010

70,167

702,903

656,168

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

11,445

18,607

Between one and five years

6,084

20,114

17,529

38,721

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200,002

Ordinary

£1

200,002

200,001

1 Ordinary share of £1 was allotted as fully paid at a premium of £349,619 during the year.

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

The Report of the Auditors was unqualified.

Andrew Dewing FCCA, FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. At the balance sheet date, unpaid contributions of £3,353 (2024: £5,717) were due to the fund. This liability is included within other creditors.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Radio Holland Group B.V. a company incorporated in the Netherlands.

The registered office is Sluisjesdijk 87, NL-3087 AD, Rotterdam , The Netherlands.

The ultimate parent company is Pon Holdings B.V, a company incorporated in the Netherlands.

The consolidated accounts of Radio Holland Group B.V. in which the company's financial statements are included are available from its registered office at the following address:

Sluisjesdijk 87, NL-3087 AD, Rotterdam , The Netherlands.