REGISTERED NUMBER: 13883405 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MVB BOOKS UK LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M Knops

Mrs S O'Neill

REGISTERED OFFICE:

Golden Cross House

8 Duncannon street

London

WC2N 4JF

REGISTERED NUMBER:

13883405 (England and Wales)

AUDITORS:

Freemans Partnership LLP

Chartered Certified Accountants

and Statutory Auditors

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Intangible assets

4

1,426,070

1,892,346

Tangible assets

5

1,171

610

1,427,241

1,892,956

CURRENT ASSETS

Debtors

6

149,818

138,595

Cash at bank and in hand

1,298,319

1,111,639

1,448,137

1,250,234

CREDITORS

Amounts falling due within one year

7

1,278,123

1,108,743

NET CURRENT ASSETS

170,014

141,491

TOTAL ASSETS LESS CURRENT LIABILITIES

1,597,255

2,034,447

CREDITORS

Amounts falling due after more than one year

8

1,396,080

1,824,196

NET ASSETS

201,175

210,251

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

201,075

210,151

SHAREHOLDERS' FUNDS

201,175

210,251

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 2 April 2026 and were signed on its behalf by:

Mrs S O'Neill - Director

1.	STATUTORY INFORMATION

Mvb Books 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.

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 preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates, it also requires management to exercise judgement in applying the Company's accounting policies

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

Going Concern

The Directors have prepared budgets for the next 12 months and after making appropriate judgments the Directors have reasonable expectations that the Company has adequate resources to continue operating for the foreseeable future.

The Company has net assets of £201,175 at the end of the period, including cash of £1,298,319. The Members are satisfied that the Company has sufficient resources to meet its commitments as they fall due for the twelve months following the date of signing of the accounts.

The Directors have therefore prepared the financial statements on a going concern basis.

Significant judgements and estimates

Key sources of estimation uncertainty

The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimations and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. In this regard, the Directors believe that the critical accounting policies where judgments or estimations are necessarily applied are summarised below.

Amortisation and residual values - The Directors have reviewed the estimated useful life and associated residual values of all intangible asset classes, and have concluded that asset lives and residual values are appropriate.

Impairment of debtors - The recoverability of trade debtors has been assessed at the year end and up until the date of signing these financial statements. Management have based the decision to provide for any amounts based on their judgment of all the available information, and their experience of the specific nature of the trade debtor in question.

Critical judgements in applying the entity's accounting policies

There are no critical judgements when applying the accounting policy which materially affect the amounts in the accounts.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Customer relationship are being amortised evenly over their estimated useful life of five years.

Non-compete is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Customer

Goodwill

Trademarks

relationship

Non-compete

Totals

£

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

1,764,162

33,300

1,364,000

52,000

3,213,462

AMORTISATION

At 1 January 2025

499,846

18,870

772,933

29,467

1,321,116

Amortisation for year

176,416

6,660

272,800

10,400

466,276

At 31 December 2025

676,262

25,530

1,045,733

39,867

1,787,392

NET BOOK VALUE

At 31 December 2025

1,087,900

7,770

318,267

12,133

1,426,070

At 31 December 2024

1,264,316

14,430

591,067

22,533

1,892,346

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

953

Additions

854

At 31 December 2025

1,807

DEPRECIATION

At 1 January 2025

343

Charge for year

293

At 31 December 2025

636

NET BOOK VALUE

At 31 December 2025

1,171

At 31 December 2024

610

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

94,621

91,061

Prepayments and accrued income

55,197

47,534

149,818

138,595

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

19,479

16,150

Amounts owed to group undertakings

466,652

426,950

Tax

149,993

241,667

Social security and other taxes

85,594

70,580

Accruals and deferred income

556,405

353,396

1,278,123

1,108,743

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

1,396,080

1,824,196

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

1

100

100

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

The Report of the Auditors was unqualified.

Mr Raju Kalia (Senior Statutory Auditor)

for and on behalf of Freemans Partnership LLP

11.	RELATED PARTY DISCLOSURES

Amounts owed to group undertakings (Amounts falling due within one year)

£

Loan from parent undertaking

349,120

Services

117,532

466,652

Amounts owed to group undertakings (Amounts falling due after more than one year)

Loan from parent undertaking

1,396,080

1,862,732

During the year the company was charged interest totalling £72,608 on the loan from MVB GmbH, the immediate parent company. The interest was charged on an arms length basis at a current market rate. The outstanding unsecured loan owed to MVB GmbH as at the year end was £1,745,200.

The company was charged £504,312 in the year for services provided and recharges from MVB GmbH, of which £102,276 was outstanding as at the year end and included in amounts due to group undertakings falling due within one year.

The company was charged £15,256 in the year for services provided and recharges from MVB US, of which £15,256 was outstanding as at the year end.

12.	CONTROLLING PARTIES

The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Börsenverein des Deutschen Buchhandels Beteiligungsgesellschaft mbH. Copies of the consolidated financial statements can be obtained from the Company Secretary at Braubachstrasse 16, 60311 Frankfurt am Main, Germany.

No individual shareholder holds a majority of voting rights. Therefore, there is no ultimate controlling party by virtue of shareholdings.