REGISTERED NUMBER: 15648095 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Work With Island UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J D De Thiersant

Y Paulin

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

11 Old Jewry

London

United Kingdom

EC2R 8DU

REGISTERED NUMBER:

15648095 (England and Wales)

AUDITORS:

Zome Audit & Accountancy Ltd (Statutory Auditor)

Chartered Accountants

5th Floor

111 Charterhouse Street

London

EC1M 6AW

FIXED ASSETS

Tangible assets

4

783

-

CURRENT ASSETS

Stocks

123,149

102,775

Debtors

5

60,043

29,491

Cash at bank

331,805

105,846

514,997

238,112

CREDITORS

Amounts falling due within one year

6

452,172

218,909

NET CURRENT ASSETS

62,825

19,203

TOTAL ASSETS LESS CURRENT LIABILITIES

63,608

19,203

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

53,608

9,203

SHAREHOLDERS' FUNDS

63,608

19,203

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 17 July 2026 and were signed on its behalf by:

R J D De Thiersant - Director

1.	STATUTORY INFORMATION

Work With Island 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.

Amount are rounded to the nearest £.

Going concern

The company is dependent upon the continued financial support of its parent company which has undertaken to financially support the company for at least 12 months after the date of the signing of these accounts and for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

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.

Computer Equipment 33% straight line.

Capitalisation of Asset

Expenditure is capitalised where it is expected to generate future economic benefits to the Company beyond one year and the cost of the item can be measured reliably. A capitalisation threshold of £500 is applied, below which expenditure is written off to the profit and loss account as incurred, unless such items form part of a larger capital project

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 has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors, loans from fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, accruals and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

849

At 31 December 2025

849

DEPRECIATION

Charge for year

66

At 31 December 2025

66

NET BOOK VALUE

At 31 December 2025

783

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

47,219

21,096

VAT

-

7,796

Accrued income and prepayments

12,824

599

60,043

29,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

16,948

13,623

Amounts owed to group undertakings

364,379

188,667

Tax

13,207

2,909

Social security and other taxes

-

168

VAT

9,766

-

Other creditors

5,634

2,509

Accruals

13,495

11,033

Deferred income

28,743

-

452,172

218,909

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

The Report of the Auditors was unqualified.

Roy Davis (Senior Statutory Auditor)

for and on behalf of Zome Audit & Accountancy Ltd (Statutory Auditor)

8.	RELATED PARTY DISCLOSURES

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.

9.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is Work With Island SAS, a company incorporated in France, whose registered address is 15 Rue de Chabrol, 75010 Paris, France.