REGISTERED NUMBER: 04388360 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Global Icons Europe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Lotman

D Williams

REGISTERED OFFICE:

Ground Floor

123 Pall Mall

London

SW1Y 5EA

REGISTERED NUMBER:

04388360 (England and Wales)

ACCOUNTANTS:

Hawksford UK Services

123 Pall Mall

London

SW1Y 5EA

FIXED ASSETS

Tangible assets

4

3,261

3,521

CURRENT ASSETS

Debtors

5

418,815

574,827

Cash at bank

917,990

788,428

1,336,805

1,363,255

CREDITORS

Amounts falling due within one year

6

(508,117

)

(674,376

)

NET CURRENT ASSETS

828,688

688,879

TOTAL ASSETS LESS CURRENT LIABILITIES

831,949

692,400

CAPITAL AND RESERVES

Called up share capital

7

9,792

9,792

Share premium

151,837

151,837

Retained earnings

670,320

530,771

SHAREHOLDERS' FUNDS

831,949

692,400

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.

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 6 May 2026 and were signed on its behalf by:

J Lotman - Director

1.	STATUTORY INFORMATION

Global Icons Europe 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.

Global Icons LLC, being an immediate holding company has confirmed its intention to provide sufficient financial support to the Company so as to enable it to meet its liabilities as they fall due and to enable it to carry on its business for the foreseeable future. Consequently, the directors have prepared the financial statements on a going concern basis.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the company exploits intellectual property owned by third parties the gross income earned net of VAT is included in turnover. The third parties' share of the gross income earned is included in cost of sales.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Cost include the purchase cost and all other costs necessary to bring it in present location and conditions.

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

Plant & Machinery - 25% (computers) and 33 1/3 % (office equipment) on cost

Financial instruments

Trade and other debtors

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash held on demand with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

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.

Foreign currencies

a. Functional and presentation currency

Items included in the Company's financial statements are measured using the currency of the primary economic environment in which the entity operates (the "Functional currency"). The financial statements are presented in Sterling, which is the Company's functional and presentational currency.

b. Transaction and balances

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

52,164

Additions

902

At 31 December 2025

53,066

DEPRECIATION

At 1 January 2025

48,643

Charge for year

1,162

At 31 December 2025

49,805

NET BOOK VALUE

At 31 December 2025

3,261

At 31 December 2024

3,521

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

219,675

297,622

Other debtors

3,042

5,689

VAT

-

4,158

Prepayments and accrued income

196,098

263,686

Prepayments

-

3,672

418,815

574,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

184,054

17,126

Corporation tax

45,306

76,338

VAT

6,345

-

Other creditors

4,010

2,000

Accrued expenses

268,402

578,912

508,117

674,376

The accrued expenses are recognised based on historical amounts earned from licensees and/or forecasted sales information provided by licensees.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

9,792

Ordinary shares

£1

9,792

9,792

8.	ULTIMATE CONTROLLING PARTY