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REGISTERED NUMBER: 08814778 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOUZZ UK LTD.

| HOUZZ UK LTD. (REGISTERED NUMBER: 08814778) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| HOUZZ UK LTD. |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| Directors: | H A Bajwa

| H Wang

| Registered office: | Suite 2, Ground Floor

| 10 Temple Back

| Bristol

| United Kingdom

| BS1 6FL

| Registered number: | 08814778 (England and Wales)

| Auditors: | Mark Arber Limited

| Statutory Auditors

| 71-75 Shelton Street

| Covent Garden

| London

| WC2H 9JQ

| HOUZZ UK LTD. (REGISTERED NUMBER: 08814778) |

BALANCE SHEET

31 DECEMBER 2024

2024 | 2023 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 580,877 |  | 676,727 |  |

CURRENT ASSETS

Debtors: amounts falling due within one year | 5 | 1,582,345 |  | 1,800,110 |  |

Debtors: amounts falling due after more than one year | 5 | 2,150,000 |  | 2,235,683 |  |

Cash at bank | 156,011 |  | 311,043 |  |

3,888,356 |  | 4,346,836 |  |

CREDITORS

Amounts falling due within one year | 6 | (509,299 | ) | (1,130,453 | ) |

NET CURRENT ASSETS | 3,379,057 |  | 3,216,383 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,959,934 |  | 3,893,110 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (311,122 | ) | (456,352 | ) |

PROVISIONS FOR LIABILITIES | (11,653 | ) | (14,455 | ) |

NET ASSETS | 3,637,159 |  | 3,422,303 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 10 | 3,637,158 |  | 3,422,302 |  |

SHAREHOLDERS' FUNDS | 3,637,159 |  | 3,422,303 |  |

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 8 May 2026 and were signed on its behalf by:

H Wang - Director

| HOUZZ UK LTD. (REGISTERED NUMBER: 08814778) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Houzz 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 company’s functional and presentational currency is pounds sterling (£) and the financial statements have been rounded to the nearest pound (£).

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.

| Going Concern

| These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these financial statements. No adjustments have been made in these accounts which might result from that uncertainty.

| Turnover

| Turnover represents costs for the year plus profit recharged to the parent company, plus sublease income, excluding value added tax.

| The company's turnover is derived from outside the UK with the exception of the sublease income which is derived from within the UK.

| Tangible fixed assets

| Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

| Depreciation is provided at the following annual rates on a straight-line basis in order to write off each asset over its estimated useful life.

| Computer Equipment - 33% on cost

| Furniture and Fixtures - 20% on cost

| Leasehold improvements - Over the term of the lease

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Repairs, maintenance and minor inspection costs are expensed as incurred.

| HOUZZ UK LTD. (REGISTERED NUMBER: 08814778) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

| Basic financial liabilities

| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

4. | TANGIBLE FIXED ASSETS

Fixtures |

Improvements | and | Computer |

to property | fittings | equipment | Totals |

| £ | £ | £ | £

| Cost

| At 1 January 2024 | 1,306,094 |  | 470,690 |  | 165,640 |  | 1,942,424 |  |

| Additions | 20,638 |  | - |  | 3,499 |  | 24,137 |  |

| Disposals | - |  | - |  | (8,501 | ) | (8,501 | ) |

| At 31 December 2024 | 1,326,732 |  | 470,690 |  | 160,638 |  | 1,958,060 |  |

| Depreciation

| At 1 January 2024 | 662,814 |  | 463,277 |  | 139,606 |  | 1,265,697 |  |

| Charge for year | 90,359 |  | 6,671 |  | 22,924 |  | 119,954 |  |

| Eliminated on disposal | - |  | - |  | (8,468 | ) | (8,468 | ) |

| At 31 December 2024 | 753,173 |  | 469,948 |  | 154,062 |  | 1,377,183 |  |

| Net book value

| At 31 December 2024 | 573,559 |  | 742 |  | 6,576 |  | 580,877 |  |

| At 31 December 2023 | 643,280 |  | 7,413 |  | 26,034 |  | 676,727 |  |

| HOUZZ UK LTD. (REGISTERED NUMBER: 08814778) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | DEBTORS

2024 | 2023 |

| £ | £

| Amounts falling due within one year:

| Amounts owed by group undertakings | 1,053,384 |  | 1,084,031 |  |

| Other debtors | 104,389 |  | 133,439 |  |

| VAT | 50,985 |  | 121,033 |  |

| Prepayments | 373,587 |  | 461,607 |  |

1,582,345 |  | 1,800,110 |  |

| Amounts falling due after more than one year:

| Other debtors | 2,150,000 |  | 2,235,683 |  |

| Aggregate amounts | 3,732,345 |  | 4,035,793 |  |

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

2024 | 2023 |

| £ | £

| Trade creditors | 44,922 |  | 15,924 |  |

| Tax | 73,902 |  | 84,980 |  |

| Social security and other taxes | 20,356 |  | 32,793 |  |

| Other creditors | 64,276 |  | - |  |

| Accrued expenses | 305,843 |  | 996,756 |  |

509,299 |  | 1,130,453 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Accrued expenses | 311,122 |  | 456,352 |  |

8. | LEASING AGREEMENTS

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

2024 | 2023 |

| £ | £

| Within one year | 1,425,000 |  | 1,425,000 |  |

| Between one and five years | 3,123,125 |  | 5,973,125 |  |

4,548,125 |  | 7,398,125 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 1 | Ordinary | £1 | 1 |  | 1 |  |

| The rights, preferences, and restrictions attaching to this class of shares include equal ranking for voting, dividends, and distributions on winding up. There are no specific restrictions on the distribution of dividends or the repayment of capital for this class of shares.

| HOUZZ UK LTD. (REGISTERED NUMBER: 08814778) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

10. | RESERVES

Retained |

earnings |

| £

| At 1 January 2024 | 3,422,302 |  |

| Profit for the year | 214,856 |  |

| At 31 December 2024 | 3,637,158 |  |

| Retained earnings reserves represents cumulative profits and losses, net of distributions to owners.

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

| The Report of the auditors was unqualified.

| Mark Arber (Senior Statutory Auditor)

| for and on behalf of Mark Arber Limited

12. | RELATED PARTY DISCLOSURES

| The company has taken the exemption provided by FRS 102 Section 33.1A not to disclose related party transactions with wholly owned subsidiaries within the group.

13. | ULTIMATE CONTROLLING PARTY

| Houzz Inc. (incorporated in USA) is regarded by the directors as being the company's immediate parent and ultimate controlling party.

| The largest and smallest group in which the results of the Company are consolidated is Houzz Inc., whose registered office is at 8605 Santa Monica Blvd., #90918 West Hollywood, CA 90069-4109, USA.