Cultivist Limited
Unaudited Financial Statements
For the year ended 31 December 2025
Pages for Filing with Registrar
Company Registration No. 09413202 (England and Wales)
Cultivist Limited
Company Information
Directors
M Verhoeven
D U Mosquera
Company number
09413202
Registered office
61 Tottenham Court Road
London
England
W1T 2EP
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Cultivist Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Cultivist Limited
Balance Sheet
As at 31 December 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,350
2,597
2,350
2,597
Current assets
Debtors
4
4,838
4,626
Cash at bank and in hand
8,464
6,214
13,302
10,840
Creditors: amounts falling due within one year
5
(1,165,006)
(1,180,781)
Net current liabilities
(1,151,704)
(1,169,941)
Total assets less current liabilities
(1,149,354)
(1,167,344)
Creditors: amounts falling due after more than one year
6
-
0
(4,140)
Net liabilities
(1,149,354)
(1,171,484)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
(1,149,356)
(1,171,486)
Total equity
(1,149,354)
(1,171,484)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Cultivist Limited
Balance Sheet (Continued)
As at 31 December 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 14 May 2026 and are signed on its behalf by:
M Verhoeven
Director
Company Registration No. 09413202
Cultivist Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 3
1
Accounting policies
Company information

Cultivist Limited is a private company limited by shares incorporated in England and Wales. The registered office is 61 Tottenham Court Road, London, England, W1T 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 Section 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end date the company has net liabilities of £1,149,354 after incurr ing a profit of £22,130.

The company is reliant upon the continued support of its parent company and the directors have confirmed that the intercompany loan will not be called in unless the company is in a position to repay. The directors therefore have prepared these accounts upon the going concern basis.

1.3
Turnover

Turnover represents amounts receivable for membership service s net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Straight line method
Computer equipment
25% Straight line method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Cultivist Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 4
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
Cultivist Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
11,766
Additions
831
At 31 December 2025
12,597
Depreciation and impairment
At 1 January 2025
9,169
Depreciation charged in the year
1,078
At 31 December 2025
10,247
Carrying amount
At 31 December 2025
2,350
At 31 December 2024
2,597
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
4,098
4,134
Prepayments and accrued income
740
492
4,838
4,626
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
14
10,020
Trade creditors
2,575
1,032
Amounts owed to group undertakings
1,140,800
1,143,885
Taxation and social security
14,236
11,779
Other creditors
7,381
14,065
1,165,006
1,180,781
Cultivist Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 6
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
4,140
7
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
8
Related party transactions

As at Balance Sheet date, the company owed £1,140,800 (202 4: £1,1 43,885) to Cultivist Inc., the ultimate parent company.

9
Parent company

The company is under the immediate control of Cultivist Inc, by virtue of its majority shareholding. The registered address of Cultivist Inc. is 55 Fifth Avenue, Suite 1305, New York, NY 10003.

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