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Registration number: 13270680

Oh My Cream Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

Oh My Cream Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 9

Oh My Cream Ltd

Company Information

Director | Juliette Levy

Registered office | Becket House 1 Lambeth Palace Road London SE1 7EU

Auditors | Carbon Accountancy Limited Chartered Accountants and Registered Auditors80-83 Long Lane London EC1A 9ET

Oh My Cream Ltd

(Registration number: 13270680)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 501,892 | 14,549
Tangible assets | 5 | 1,597,905 | 768,285
|  | 2,099,797 | 782,834
Current assets |  |  |
Stocks | 6 | 940,774 | 295,307
Debtors | 7 | 398,216 | 244,425
Cash at bank and in hand |  | 159,159 | 247,146
|  | 1,498,149 | 786,878
Creditors: Amounts falling due within one year | 8 | (6,007,798) | (2,833,565)
Net current liabilities |  | (4,509,649) | (2,046,687)
Net liabilities |  | (2,409,852) | (1,263,853)
Capital and reserves |  |  |
Called up share capital | 9 | 1 | 1
Retained earnings |  | (2,409,853) | (1,263,854)
Shareholders' deficit |  | (2,409,852) | (1,263,853)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 June 2026

......................................... Juliette Levy Director

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Becket House
1 Lambeth Palace Road
London
SE1 7EU

These financial statements were authorised for issue by the director on 1 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.
At the balance sheet date, the company had net liabilities of £2.4 million, including amounts of £5.5m due to its parent company. The company is reliant on continued financial support from its parent company. The directors have received confirmation that the parent company will continue to provide financial support for the foreseeable future and will not seek repayment of amounts due until the company is in a position to repay them.
The directors have considered a period of at least 12 months from the date of approval of these financial statements and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 1 June 2026 was John Leyden FCA, who signed for and on behalf of Carbon Accountancy Limited.

Revenue recognition

Revenue represents retail sales of health and beauty products and other related services provided to customers in the United Kingdom. It is measured at the fair value of the consideration received or receivable on the day that the store sale is made. Online sales revenue is recognised once an oder has been fulfilled and delivered. Revenue is shown net of returns, discounts, loyalty card points and is stated net of value added tax.
In repect of loyalty schemes, as points are issued to customers the retail value of those points is deferred. When the points are used by the customers they are recorded as revenue. Liabilities are recorded to estimate the proportion of the points issued which are expected to be redeemed by the customers.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixture and Fittings | 10% straight line
Plant and Machinery | 10% straight line
Computer Equipment | 20% straight line
Leasehold improvements | over the term of lease

Intangible assets

a) Website Development cost:
Website development cost is carried at cost less accumulated amortisation and any provison for impairment. Company capitalise website development expenditue as an intangible assets when it is probable that expected future economic benefits will flow to the entity and the cost or value of the asset can be measures reliability.
b) Brands
Brands and trademarks are recognised at fair value at the acquisition date.

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website costs | Straight line over 3 years
Brands | Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and net realisable value and consist of finished goods purchased for resale. Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs necessary to make the sale.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Borrowings are recognised initially at fair value,net of transaction costs incurred. Borrowings are subsequently
carried at amortised cost.

Deferred and Contingent Consideration
Deferred consideration is initially measured at cost, being the fair value of the consideration payable at the acquisition date. Deferred consideration is recognised when the amounts payable can be measured reliably and payment is probable.
Where payment is deferred beyond normal credit terms, the amounts payable are discounted to present value where the effect of the time value of money is material.
Contingent consideration is recognised at fair value at the acquisition date where it can be measured reliably.
Subsequent changes in estimates of contingent consideration are recognised in profit or loss. The unwinding of any discount on deferred consideration is recognised as a finance cost.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 16 (2024 - 11).

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Website development costs £ | Brands £ | Total £
Cost or valuation
At 1 January 2025 | 51,946 | - | 51,946
Additions internally developed | 50,265 | - | 50,265
Acquired through business combinations | - | 542,893 | 542,893
At 31 December 2025 | 102,211 | 542,893 | 645,104
Amortisation
At 1 January 2025 | 37,397 | - | 37,397
Amortisation charge | 24,381 | 81,434 | 105,815
At 31 December 2025 | 61,778 | 81,434 | 143,212
Carrying amount
At 31 December 2025 | 40,433 | 461,459 | 501,892
At 31 December 2024 | 14,549 | - | 14,549

5 | Tangible assets

| Leasehold property improvements £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 864,428 | - | 54,852 | 919,280
Additions | 688,378 | 250,017 | 10,535 | 948,930
Disposals | (3,554) | - | - | (3,554)
At 31 December 2025 | 1,549,252 | 250,017 | 65,387 | 1,864,656
Depreciation
At 1 January 2025 | 143,113 | - | 7,882 | 150,995
Charge for the year | 99,737 | 5,351 | 11,912 | 117,000
Eliminated on disposal | (1,244) | - | - | (1,244)
At 31 December 2025 | 241,606 | 5,351 | 19,794 | 266,751
Carrying amount
At 31 December 2025 | 1,307,646 | 244,666 | 45,593 | 1,597,905
At 31 December 2024 | 721,315 | - | 46,970 | 768,285

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 940,774 | 295,307

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,283 | -
Prepayments | 173,333 | 74,489
Other debtors | 222,600 | 169,936
| 398,216 | 244,425

Included within other debtors is £222,400 (2024: £167,400) which is expected to be recovered after more than one year. This primarily relates to rent deposits held in respect of leased properties.

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 64,380 | 67,784
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 5,586,092 | 2,537,488
Taxation and social security |  | 78,590 | 72,045
Accruals and deferred income |  | 253,922 | 142,872
Other creditors |  | 24,814 | 13,376
|  | 6,007,798 | 2,833,565

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

Oh My Cream Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 461,500 | 291,500
Later than one year and not later than five years | 1,846,000 | 1,166,000
Later than five years | 1,382,580 | 875,750
| 3,690,080 | 2,333,250

11 | Related party transactions

Summary of transactions with parent

At the balance sheet date the amount due to Oh My Cream SAS was £5,586,092 (2024: £2,537,488) for cash advance and stock and other items purchased for use in the store. The loan balance is unsecured and bears variable interest of 4.55 % (2024:5.75) % per annum. The loan is repayable on demand.
The Company has taken advantage of exemption under Section 33.1A of FRS102 from disclosing transactions between wholly owned group members.

12 | Parent and ultimate parent undertaking

The company's immediate parent is Oh My Cream SAS, incorporated in France.
These financial statements are available upon request from 5 Rue D'Aguesseau, Paris, France 75008
In the opinion of the director, there is no individual controlling party.