REGISTERED NUMBER: 14223035 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Horaceuk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Briant-Terlet

K Mazzilli

SECRETARY:

Altios International UK Limited

REGISTERED OFFICE:

Willberforce House

Station Road

London

NW4 4QE

REGISTERED NUMBER:

14223035 (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

77,162

103,846

CURRENT ASSETS

Stocks

224,303

307,050

Debtors

5

358,228

115,916

Cash at bank

1,585,111

822,704

2,167,642

1,245,670

CREDITORS

Amounts falling due within one year

6

5,968,409

3,659,997

NET CURRENT LIABILITIES

(3,800,767

)

(2,414,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,723,605

)

(2,310,481

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(3,724,605

)

(2,311,481

)

SHAREHOLDERS' FUNDS

(3,723,605

)

(2,310,481

)

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 18 June 2026 and were signed on its behalf by:

M Briant-Terlet - Director

1.	STATUTORY INFORMATION

Horaceuk 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.

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.

Fixture and fitting: 20% straight Line

Office Equipment: 20% staright Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock held at year end was valued at £224,303 (2024: £307,050).

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.

Hire purchase and leasing commitments

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

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

133,852

DEPRECIATION

At 1 January 2025

30,006

Charge for year

26,684

At 31 December 2025

56,690

NET BOOK VALUE

At 31 December 2025

77,162

At 31 December 2024

103,846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

48,179

29,829

Other debtors

120,801

52,158

Accrued income and prepayments

189,248

33,929

358,228

115,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

152,339

165,281

Amounts owed to group undertakings

5,457,003

3,335,291

Taxation and social security

241,109

124,580

Other creditors

117,958

34,845

5,968,409

3,659,997

7.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

85,000

85,000

Between one and five years

162,500

247,500

247,500

332,500

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

The Report of the Auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)

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

9.	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.

The total balance with the parent company at the balance sheet date is £6,172,141 (2024: £3,335,291).

10.	PARENT COMPANY

The immediate parent company is Olbo SAS, a company incorporated in France, for which the registered office is 141 rue d'Aboukir, 75002, Paris.