REGISTERED NUMBER: 10652841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

NCBA Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Chikovani

REGISTERED OFFICE:

146 New Cavendish Street

London

W1W 6YQ

REGISTERED NUMBER:

10652841 (England and Wales)

ACCOUNTANTS:

NCCS Associates Limited

88 Lichfield Grove

Finchley

London

N3 2JN

FIXED ASSETS

Tangible assets

4

30,634

72,286

Investments

5

860

860

31,494

73,146

CURRENT ASSETS

Stocks

6

540,026

632,945

Debtors

7

6,923,169

875,738

Cash at bank

18,785

6,316

7,481,980

1,514,999

CREDITORS

Amounts falling due within one year

8

3,189,021

3,021,063

NET CURRENT ASSETS/(LIABILITIES)

4,292,959

(1,506,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,324,453

(1,432,918

)

CREDITORS

Amounts falling due after more than one year

9

3,832,156

9,764,143

NET ASSETS/(LIABILITIES)

492,297

(11,197,061

)

CAPITAL AND RESERVES

Called up share capital

5,662,290

3,124,062

Share premium

16,186,199

4,058,597

Retained earnings

(21,356,192

)

(18,379,720

)

492,297

(11,197,061

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th July 2026 and were signed by:

Mrs S Chikovani - Director

1.	STATUTORY INFORMATION

NCBA 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.

Preparation of consolidated financial statements

The financial statements contain information about NCBA Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Office equipmt

-

20% on reducing balance

Stocks

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

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

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.

Going concern

The accounts have been prepared on a going concern basis, on the assumption that the directors will provide sufficient funds to enable the company to continue trading.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

157,971

Additions

4,779

Disposals

(67,913

)

At 31st December 2025

94,837

DEPRECIATION

At 1st January 2025

85,685

Charge for year

9,976

Eliminated on disposal

(31,458

)

At 31st December 2025

64,203

NET BOOK VALUE

At 31st December 2025

30,634

At 31st December 2024

72,286

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2025

and 31st December 2025

860

NET BOOK VALUE

At 31st December 2025

860

At 31st December 2024

860

The company's investments at the Balance Sheet date in the share capital of companies include the following:

NCBA Netherlands B.V

Registered office: Netherlands

Nature of business: wholesale and retail of cosmetics

%

Class of shares:

holding

Ordinary

100.00

6.

STOCKS

31.12.25

31.12.24

£

£

Stocks

540,026

632,945

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

219,315

90,634

Amounts owed by group undertakings

232,065

199,219

Other debtors

6,471,789

585,885

6,923,169

875,738

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

704,941

996,995

Taxation and social security

33,684

32,499

Other creditors

2,450,396

1,991,569

3,189,021

3,021,063

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

3,832,156

9,764,143