REGISTERED NUMBER: 06835729 (England and Wales)

CITYMAIN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Higham

M M J R Sebastien

REGISTERED OFFICE:

3000 Lakeside North Harbour

Western Road

Portsmouth

Hants

PO6 3EN

REGISTERED NUMBER:

06835729 (England and Wales)

AUDITORS:

MC Audit Limited

Statutory Auditors

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,203

6,352

2,203

6,352

CURRENT ASSETS

Stocks

41,502

50,859

Debtors

6

203,115

404,721

Cash at bank

98,384

272,956

343,001

728,536

CREDITORS

Amounts falling due within one year

7

152,950

633,300

NET CURRENT ASSETS

190,051

95,236

TOTAL ASSETS LESS CURRENT LIABILITIES

192,254

101,588

PROVISIONS FOR LIABILITIES

551

1,588

NET ASSETS

191,703

100,000

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

Retained earnings

91,703

-

SHAREHOLDERS' FUNDS

191,703

100,000

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

L Higham - Director

1.	STATUTORY INFORMATION

CityMain 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.

Citymain Limited is a company focused on the repair and sales of mobile phones, laptops, tablets, and other portable electronic devices.

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 the advantage of the exemptions available in accordance with section 33 of FRS102 not to disclose transactions entered into between two or more members of a group, as the Company is a wholly owned subsidiary undertaking of the group.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

•

the Company has transferred the significant risks and rewards of ownership to the buyer;

•

the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

•

the amount of revenue can be measured reliably;

•

it is probable that the Company will receive the consideration due under the transaction; and

•

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract 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 contract;

•

reliably; and the stage of completion of the contract at the end of the reporting period can be measured

•

the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Computer software - 3 years

At each reporting date, the entity assesses whether there is any indication that an intangible asset may be impaired. If such an indication exists, the recoverable amount of the asset is estimated, being the higher of fair value less costs to sell and value in use.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property - Over the lease period

Fixtures and fittings - 6 - 7 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

At each reporting date, the entity assesses whether there is any indication that a tangible asset may be impaired. If such an indication exists, the recoverable amount of the asset is estimated, being the higher of fair value less costs to sell and value in use.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Interest income

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Leasing commitments

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

Pensions

The parent entity, SPB UK & Ireland Limited, operates a defined contribution plan for all employees of the group and company. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Irrecoverable VAT

Expenditure is recorded net of VAT. The company is subject to partial exemption for VAT. Irrecoverable VAT is shown separately in the income statement unless it relates to tangible fixed assets when it is charged against the same category of asset as the cost to which it relates.

Going concern

The financial statements have been prepared on a going concern basis. The Group's and Company's forecasts and projections taking account of reasonably possible changes in trading performance show that the Company should be able to operate within the level of its facilities.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Great British Pound Sterling.

Monetary amounts in these financial statements are rounded to the nearest pound.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

21,060

AMORTISATION

At 1 January 2025

and 31 December 2025

21,060

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

57,596

28,452

86,048

Disposals

(57,596

)

-

(57,596

)

At 31 December 2025

-

28,452

28,452

DEPRECIATION

At 1 January 2025

57,596

22,100

79,696

Charge for year

-

4,149

4,149

Eliminated on disposal

(57,596

)

-

(57,596

)

At 31 December 2025

-

26,249

26,249

NET BOOK VALUE

At 31 December 2025

-

2,203

2,203

At 31 December 2024

-

6,352

6,352

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,735

42,488

Amounts owed by group undertakings

70,000

258,341

Other debtors

110,380

103,892

203,115

404,721

Amounts owed by group undertakings are payable on demand and carries no interest.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

105,523

161,062

Amounts owed to group undertakings

47,427

334,812

Taxation and social security

-

68,397

Other creditors

-

69,029

152,950

633,300

Amounts owed to group undertakings are payable on demand and carries no interest.

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

126,914

149,310

Between one and five years

42,305

197,836

169,219

347,146

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary

1

100,000

100,000

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

The Report of the Auditors was unqualified.

P Underwood ACA (Senior Statutory Auditor)

for and on behalf of MC Audit Limited

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company is SPB UK & Ireland Ltd, a company registered in England. Group accounts are prepared and can be obtained on request from the registered office. The registered address is 3000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, England, PO6 3EN.