Adrien Gaubert Pierre Gaubert Andrew Robertson

08967439 (England and Wales)

86-90 Paul Street London EC2A 4NE United Kingdom

Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gaubert's Brothers Limited for the year ended 31 March 2026 as set out on pages 5 - 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Gaubert's Brothers Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gaubert's Brothers Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gaubert's Brothers Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gaubert's Brothers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gaubert's Brothers Limited . You consider that Gaubert's Brothers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gaubert's Brothers Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 12 August 2026

Tangible assets

227 

1,303 

Debtors

2,232,453 

832,719 

Cash at bank and in hand

169,144 

362,236 

(3,322,947)

(2,785,279)

(9,723)

(100,348)

Called up share capital

243 

243 

Share premium

4,616,734 

4,616,734 

Profit and loss account

(5,547,823)

(6,306,346)

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by

Pierre Gaubert Director Company Registration No. 08967439

Gaubert's Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 08967439. The registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The principal activity of the company during the year was the provision of professional membership organisations and recruitment services. There was no material change in the nature of the company’s activities during the year.

Revenue is measured at the fair value of consideration received or receivable, net of VAT and trade discounts. Service income is recognised as services are provided. Amounts invoiced in advance of the provision of services are recognised as deferred income.

Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities are translated at year-end rates. Exchange differences are recognised in profit or loss.

Operating lease rentals are charged to profit or loss on a straight-line basis over the lease term.

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.

Borrowing costs are recognised as an expense in the period incurred.

Short-term employee benefits, including holiday pay, are recognised as expenses as services are rendered. Contributions to defined contribution pension schemes are charged to profit or loss when due.

Administrative expenses include redundancy costs of £128,707 (2025: £Nil) incurred as part of a restructuring of the company's operations. The directors consider these costs to be material by virtue of their size and nature and have therefore disclosed them separately.

Plant & machinery

Basic financial assets, which include debtors, 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.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement 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, including creditors, bank loans 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. 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. 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the company operates. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. During the current year, the company recognised a deferred tax asset in respect of trading losses carried forward and other deductible temporary differences. The deferred tax asset is included within 'Debtors amounts falling due after more than one year, Other debtors' in the financial statements. The directors have concluded that recognition is appropriate as the company is expected to return to profitability during the following financial year. This assessment is supported by approved business plans and financial forecasts covering a ten-year period, which indicate that sufficient future taxable profits are expected to arise to enable the deferred tax asset to be recovered in full. The recoverability of the deferred tax asset will continue to be reviewed by the directors at each reporting date.

At cost 

At 1 April 2025

6,420 

At 31 March 2026

At 1 April 2025

5,117 

Charge for the year

1,076 

At 31 March 2026

At 31 March 2026

At 31 March 2025

Trade debtors

612,862 

701,527 

Accrued income and prepayments

66,960 

67,612 

Other debtors

35,720 

40,708 

Other debtors

Bank loans and overdrafts

130,816 

105,267 

VAT

4,787 

25,954 

Trade creditors

328,815 

206,948 

Taxes and social security

598,455 

285,015 

Other creditors

469,324 

376,938 

Accruals

91,681 

62,245 

Deferred income

1,699,069 

1,722,912 

Bank loans

Allotted, called up and fully paid:

24,264 Ordinary shares of £0.01 each

At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

Not later than one year

11,147 

22,516 

Later than one year and not later than five years

15,122 

26,269 

9,364 

- 

312 

9,052 

8,725 

- 

312 

8,413 

During the year the average number of employees was 22 (2025: 23).