REGISTERED NUMBER: 04910375 (England and Wales)

KIDS2 UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

R Gunnigle

M K Mintman

SECRETARY:

Ms C R Osborne

REGISTERED OFFICE:

C/O Bryan Cave Leighton Paisner LLP

Governor's House

5 Laurence Pountney Hill

London

EC4R 0BR

REGISTERED NUMBER:

04910375 (England and Wales)

SENIOR STATUTORY AUDITOR:

Niall Kingsley FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

3 Princes Court

Royal Way

Loughborough

Leicestershire

LE11 5XR

FIXED ASSETS

Property, plant and equipment

4

232,889

268,422

CURRENT ASSETS

Debtors

5

1,521,410

1,366,041

Cash at bank

60,554

224,494

1,581,964

1,590,535

CREDITORS

Amounts falling due within one year

6

242,526

309,319

NET CURRENT ASSETS

1,339,438

1,281,216

TOTAL ASSETS LESS CURRENT LIABILITIES

1,572,327

1,549,638

PROVISIONS FOR LIABILITIES

8

80,000

80,000

NET ASSETS

1,492,327

1,469,638

CAPITAL AND RESERVES

Called up share capital

9

111,110

111,110

Retained earnings

1,381,217

1,358,528

SHAREHOLDERS' FUNDS

1,492,327

1,469,638

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 24 July 2026 and were signed on its behalf by:

M K Mintman - Director

1.	STATUTORY INFORMATION

Kids2 UK Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise statement.

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.

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.

Revenue

Revenue relates to sales commission receivable which is recognised when the outcome of the transaction can be estimated reliably by reference to the stage of completion of the transaction at the end of the reporting period.

The outcome of a transaction can be estimated reliably when all the following conditions are met:

- The amount of revenue can be measured reliably;

- It is probable that the economic benefits associated with the transaction will flow to the Company;

- The stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- The costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Property, plant and equipment

Property, plant and equipment assets are held at cost less accumulated depreciation and accumulated impairment losses.

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

Office equipment - 20% straight line

Leasehold improvements - Over the term of the lease

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is any indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated at the average rate of exchange for the month the transaction takes place, with the exception of monetary transactions which are converted using the spot rate on the date of transaction.

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.

Provisions

Provisions are recognised when the company has an obligation at the financial reporting date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors have considered the company's current performance, its current cash position and also that of the wider group in making their assessment that the company has adequate resources to continue its operations for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Leasehold

Office

improvements

equipment

Totals

£

£

£

COST

At 1 January 2025

289,177

17,382

306,559

Disposals

-

(16,210

)

(16,210

)

At 31 December 2025

289,177

1,172

290,349

DEPRECIATION

At 1 January 2025

31,129

7,008

38,137

Charge for year

25,843

234

26,077

Eliminated on disposal

-

(6,754

)

(6,754

)

At 31 December 2025

56,972

488

57,460

NET BOOK VALUE

At 31 December 2025

232,205

684

232,889

At 31 December 2024

258,048

10,374

268,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,437,395

1,249,424

Other debtors

73,842

60,656

Corporation tax

3,416

39,301

Deferred tax asset

Accelerated capital allowances

6,757

16,660

1,521,410

1,366,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,111

23,662

Amounts owed to group undertakings

96,843

177,490

Other taxes and social security

17,699

22,412

Other creditors and accruals

113,873

85,755

242,526

309,319

7.	LEASING AGREEMENTS

Payments under non-cancellable operating leases relate to rent on properties.

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

86,873

86,873

Between one and five years

130,309

217,181

217,182

304,054

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Other provisions

Dilapidation provision

80,000

80,000

Deferred

Property

tax

costs

£

£

Balance at 1 January 2025

(16,660

)

80,000

Utilised during year

9,903

-

Balance at 31 December 2025

(6,757

)

80,000

A provision for property costs is made for the committed cost or estimated exit costs of properties occupied by the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

111,110

Ordinary shares of £1 each

£1

111,110

111,110

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

The Report of the Auditors was unqualified.

Niall Kingsley FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11.	CONTINGENT LIABILITIES

Two legal charges were held over all property of the company to secure group borrowings at the year end. Both charges were subsequently satisfied after the year end.

12.	OTHER FINANCIAL COMMITMENTS

Included in the cash in hand balance of £60,544 (2024: £224,494) is restricted cash of £1,456 (2024: £1,433) used as committed credit.

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Kids2 International Group B.V., a Netherlands company. The largest and smallest group in which the results are consolidated is Kids2 Holding LLC. A set of consolidated financial statements can be obtained through inquiry of directors of this company.