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Registration number: 08870054

Lovis Worldwide Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Lovis Worldwide Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Lovis Worldwide Limited

Company Information

Director | R Funes Lovis

Registered office | Regus Berkley Square 2nd Floor Berkley Square House Berkley Square London W1J 6BD

Accountants | ASK UK Accountancy Ltd Airport House Purley Way Croydon Surrey CR0 0XZ

Lovis Worldwide Limited

(Registration number: 08870054)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 3,108 | 6,195
Current assets |  |  |
Debtors | 6 | 1,456,212 | 1,443,314
Cash at bank and in hand |  | 611 | -
|  | 1,456,823 | 1,443,314
Creditors: Amounts falling due within one year | 7 | (2,790,809) | (2,358,624)
Net current liabilities |  | (1,333,986) | (915,310)
Net liabilities |  | (1,330,878) | (909,115)
Capital and reserves |  |  |
Called up share capital | 8 | 5,000 | 5,000
Other reserves |  | 190,698 | 190,698
Retained earnings |  | (1,526,576) | (1,104,813)
Shareholders' deficit |  | (1,330,878) | (909,115)

Lovis Worldwide Limited

(Registration number: 08870054)
Balance Sheet as at 31 December 2025

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 May 2026

R Funes Lovis Director

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Regus Berkley Square
2nd Floor Berkley Square House
Berkley Square
London
W1J 6BD

These financial statements were authorised for issue by the director on 29 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 14,217 | 14,217
At 31 December 2025 | 14,217 | 14,217
Depreciation
At 1 January 2025 | 8,022 | 8,022
Charge for the year | 3,087 | 3,087
At 31 December 2025 | 11,109 | 11,109
Carrying amount
At 31 December 2025 | 3,108 | 3,108
At 31 December 2024 | 6,195 | 6,195

5 | Investments

| 2025 £ | 2024 £

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Associates
Lovis Consulting S.L. |  |  | 0% | 0%
Lovis Mexico S.de R.L. de C.V. |  |  | 0% | 0%
Lovis Canada Inc. |  |  | 0% | 0%
Lovis Global Limited |  |  | 0% | 0%
Lovis Holdings Limited |  |  | 0% | 0%

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 60,366 | 84,275
Amounts owed by related parties | 9 | 1,072,047 | 1,016,441
Other debtors |  | 323,799 | 342,598
|  | 1,456,212 | 1,443,314

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 28,519 | 41,249
Taxation and social security | 5,574 | 7,004
Accruals and deferred income | 39,755 | 34,100
Other creditors | 2,716,961 | 2,276,271
| 2,790,809 | 2,358,624

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 5,000 | 5,000 | 5,000 | 5,000

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9 | Related party transactions

Summary of transactions with associates

Lovis Canada Inc. The outstanding balance as at 31 December 2025 is £NIL (2024: £NIL). The total value of purchases in the yearis £NIL (2024: £NIL). Provision of management and consultancy services to Lovis Canada Inc. The outstanding receivable balance as at 31 December 2025 is £NIL (2024: £NIL). The total value of sales in the year is £15,990 (2024: £9,499).
Lovis Consulting S.L. Provision of management and consultancy services from Lovis Consulting S.L. The outstanding balance as at 31 December 2025 is £484,455 (2024: £359,208). The total value of purchases in the year is £237,265 (2024: £276,228). Provision of management and consultancy services to Lovis Consulting S.L. The outstanding receivable balance as at 31 December 2025 is £352 (2024: £NIL). The total value of sales in the year is £NIL (2024: £NIL).
Lovis Mexico S.de R.L. de C.V. Provision of management and consultancy services from Lovis Mexico S.de R.L. de C.V. The outstanding payable balance as at 31 December 2025 is £700,389. (2024: £535,710). The total value of purchases in the year is £277,711 (2024: £257,437). Provision of management and consultancy services to Lovis Mexico S.de R.L. de C.V. The outstanding receivable balance as at 31 December 2025 is £10,612 (2024: £106,905). The total value of sales in the year is £NIL (2024: £NIL)
Lovis Global Limited Provision of management and consultancy services from Lovis Global Limited. The outstanding payable balance as at 31 December 2025 is £819,248 (2024: £666,168). The total value of purchases in the year is £153,079 (2024: purchases £156,228). Provision of management and consultancy services to Lovis Global. The outstanding receivable balance as at 31 December 2025 is £55,240 (2024: £3,620). The total value of sales in the year is £NIL (2024: £NIL).

Lovis Worldwide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Lovis Holdings Limited Provision of management and consultancy services from Lovis Holdings Limited. The outstanding payable balance as at 31 December 2025 is £577,605. (2024: £575,956). The total value of purchases in the year is £1,649 (2024: £13,905). Provision of management and consultancy services to Lovis Holdings. The outstanding receivable balance as at 31 December 2025 is £5,912 (2024: £420). The total value of sales in the year is £NIL (2024: £NIL).