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REGISTERED NUMBER: 02051250 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Bernstein Ltd

Bernstein Ltd (Registered number: 02051250)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Bernstein Ltd

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | P Sharp

| REGISTERED OFFICE: | Unit One

| Tintagel Way

| Westgate

| Aldridge

| West Midlands

| WS9 8ER

| REGISTERED NUMBER: | 02051250 (England and Wales)

| AUDITORS: | Haines Watts Wolverhampton Limited

| Statutory Auditors

| Keepers Lane

| The Wergs

| Wolverhampton

| West Midlands

| WV6 8UA

Bernstein Ltd (Registered number: 02051250)

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 215,014 |  | 228,547 |  |

CURRENT ASSETS

Stocks | 316,324 |  | 293,624 |  |

Debtors | 5 | 312,886 |  | 357,692 |  |

Cash at bank | 181,449 |  | 264,377 |  |

810,659 |  | 915,693 |  |

CREDITORS

Amounts falling due within one year | 6 | 218,286 |  | 249,551 |  |

NET CURRENT ASSETS | 592,373 |  | 666,142 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 807,387 |  | 894,689 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 5,000 |  | 5,000 |  |

Retained earnings | 802,387 |  | 889,689 |  |

SHAREHOLDERS' FUNDS | 807,387 |  | 894,689 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2026 and were signed by:

P Sharp - Director

Bernstein Ltd (Registered number: 02051250)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Bernstein 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.

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 financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

| 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

| Tangible fixed assets

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

| Freehold property |  | - 2% on cost |  |

| Plant and machinery |  | - 20% and 25% on cost |  |

| Fixtures and fittings |  | - 20% on cost |  |

| Computer equipment |  | - 25% on cost |  |

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Bernstein Ltd (Registered number: 02051250)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

| 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.

| 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 9 (2024 - 12 ) .

Bernstein Ltd (Registered number: 02051250)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 431,074 |  | 108,486 |  | 173,542 |  | 233,247 |  | 946,349 |  |

| Additions | - |  | - |  | - |  | 7,528 |  | 7,528 |  |

| At 31 December 2025 | 431,074 |  | 108,486 |  | 173,542 |  | 240,775 |  | 953,877 |  |

| DEPRECIATION

| At 1 January 2025 | 224,014 |  | 104,953 |  | 165,346 |  | 223,489 |  | 717,802 |  |

| Charge for year | 8,621 |  | 3,491 |  | 2,497 |  | 6,452 |  | 21,061 |  |

| At 31 December 2025 | 232,635 |  | 108,444 |  | 167,843 |  | 229,941 |  | 738,863 |  |

| NET BOOK VALUE

| At 31 December 2025 | 198,439 |  | 42 |  | 5,699 |  | 10,834 |  | 215,014 |  |

| At 31 December 2024 | 207,060 |  | 3,533 |  | 8,196 |  | 9,758 |  | 228,547 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 263,845 |  | 310,048 |  |

| Amounts owed by group undertakings | 11,039 |  | 16,204 |  |

| Other debtors | 14,189 |  | 25,151 |  |

| Deferred tax asset | 23,813 |  | 6,289 |  |

312,886 |  | 357,692 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 99,806 |  | 134,164 |  |

| Amounts owed to group undertakings | 36,802 |  | 29,840 |  |

| Social security and other taxes | 17,254 |  | 22,346 |  |

| VAT | 63,606 |  | 62,383 |  |

| Other creditors | 818 |  | 818 |  |

218,286 |  | 249,551 |  |

7. | LEASING AGREEMENTS

| Total Financial Commitments which are not included in the Balance Sheet amount to £21,688. (2024: £55,581)

Bernstein Ltd (Registered number: 02051250)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 500 | Ordinary | £10 | 5,000 |  | 5,000 |  |

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

| The Report of the Auditors was unqualified.

| Geoffrey Hopwood BCOM ACA (Senior Statutory Auditor)

| for and on behalf of Haines Watts Wolverhampton Limited

10. | ULTIMATE CONTROLLING PARTY

| Bernstein AG, registered in Germany, is the immediate parent company of Bernstein Limited.

| Bernstein Grundstückverwaltung GmbH & Co. KG, also registered in Germany, is the ultimate parent company. This company is owned by members of the founding Bernstein family.