ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Unaudited 2024

Registered number: 13589785 (England and Wales)

CHERRY VENTURES ADVISORS UK LTD

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


CHERRY VENTURES ADVISORS UK LTD

COMPANY INFORMATION

Director	D D Mahtani


Registered number	13589785


Registered office	4th Floor 19-23
	Wells Street
	London
	United Kingdom
	W1T 3PQ


Independent auditor	ZEDRA Audit & Assurance (UK) Limited


CHERRY VENTURES ADVISORS UK LTD

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5


CHERRY VENTURES ADVISORS UK LTD REGISTERED NUMBER:13589785

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		Unaudited 2024
Note		£		£


Current assets
Debtors: amounts falling due after more than one year	4	-		35,000
Debtors: amounts falling due within one year	4	778,675		449,187
Bank and cash balances		32,389		32,935
		811,064		517,122
Creditors: amounts falling due within one year	5	(337,772)		(151,215)
Net current assets			473,292		365,907
Total assets less current liabilities			473,292		365,907

Net assets			473,292		365,907

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		473,291	365,906
		473,292	365,907

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D D Mahtani

Director

Date: 7 July 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1


CHERRY VENTURES ADVISORS UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

1.2

Going concern

The Company is in a net asset position supported by amounts owed by group undertakings. Despite this postition, due to the Company's business model being solely a transfer pricing arrangement with the parent company, Cherry Ventures Management GmbH, it is reliant upon the continued support of that company in order to remain a going concern.
The Company has received written confirmation from the parent company that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

1.3

Turnover

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

Rendering of services

Turnover is recognised on a cost plus 7.5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the intercompany service agreement;

∙the costs incurred under the intercompany service agreement can be measured reliably.

1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2


CHERRY VENTURES ADVISORS UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

1.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

1.9

Creditors

Short term creditors are measured at the transaction price and subsequently amortised cost using the effective interest method.

2.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

In the prior year, the Company did not require an audit and such the comparative period was unaudited.

The audit report was signed on 23 July 2026 by Adam Wildbore FCCA (Senior Statutory Auditor) on behalf of ZEDRA Audit & Assurance (UK) Limited.

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 8).

Page 3


CHERRY VENTURES ADVISORS UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Debtors
		2025	Unaudited 2024
		£	£

Due after more than one year
Other debtors	-	35,000
	-	35,000

Other debtors falling due after more than one year comprise of rental deposit of £35,000. The lease is due to expire on 30 June 2026 and therefore has been reclassified to debtors within one year.

					2025	Unaudited 2024
					£	£

Due within one year
Amounts owed by group undertakings	663,871	358,236
Other debtors	62,394	41,577
Called up share capital not paid	1	1
Prepayments and accrued income	52,409	49,373
	778,675	449,187

5.	Creditors: Amounts falling due within one year
		2025	Unaudited 2024
		£	£

Trade creditors	31,395	24,912
Corporation tax	108,646	72,316
Other taxation and social security	36,158	36,174
Other creditors	-	5,309
Accruals and deferred income	161,573	12,504
	337,772	151,215

Page 4


CHERRY VENTURES ADVISORS UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Share capital
		2025	Unaudited 2024
		£	£

Allotted, called up and not fully paid

1 (2024 - 1) Ordinary share of £1	1	1

Not later than one year	116,415	225,297
Later than one year and not later than five years	-	116,415
	116,415	341,712

8.	Controlling party

Cherry Ventures Management GmbH is the parent company of the smallest group for which the financial statements are drawn up which the Company is a member. The registered office of the parent company is: Linienstrasse 214, Berlin, 10119, Germany.

9.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date that these financial statements were signed.

Page 5