Landport UK Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—6

1. General Information

Landport UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16096665 . The registered office is Suite 1, 7th Floor 50 Broadway, London, SW1H 0DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

2.2. Going Concern Disclosure

The company is in start-up phase following its incorporation. Accordingly, the parent company has agreed to provide support as necessary to ensure that the company is able to meet its debts as they fall due. Given this, at the time of approving the financial statements, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable from the sale of goods, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% - 33% straight line
Fixtures & Fittings	20% straight line

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined on the weighted average cost method. Cost includes the purchase price, including taxes

and duties and transport and handling directly attributable to bringing the inventory to its present location

and condition.

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Landport UK Ltd

Notes to the Financial Statements (continued)

For the Period 22 November 2024 to 31 December 2025

2.6. Financial Instruments

The company only enters into basic financial instrument 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, loans to related parties and investments in non-puttable ordinary shares.

Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially measured at transaction price, unless the arrangement constitutes a financing transaction, in which case the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method less any allowance for estimated irrecoverable amounts. A provision for irrecoverable amounts is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the net carrying amount and the present value of the estimated future cash flows.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements 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

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, are initially measured at transaction price, unless the arrangement constitutes a financing transaction, in which case the transaction is measured at the present value of future payments discounted at a market rate of interest.

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

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Derecognition of financial assets and liabilities

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Financial liabilities are derecognised when the obligation specified in the contract is discharged, cancelled or expires.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Landport UK Ltd

Notes to the Financial Statements (continued)

For the Period 22 November 2024 to 31 December 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Equity instruments

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.

2.10. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 22 November 2024	-	-	-
Additions	939	337	1,276

As at 31 December 2025	939	337	1,276

Depreciation
As at 22 November 2024	-	-	-
Provided during the period	170	39	209

As at 31 December 2025	170	39	209

...CONTINUED

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Landport UK Ltd

Notes to the Financial Statements (continued)

For the Period 22 November 2024 to 31 December 2025

Net Book Value
As at 31 December 2025	769	298	1,067

As at 22 November 2024	-	-	-

5. Stocks

	31 December 2025
	£
Stock	39,533

6. Debtors

	31 December 2025
	£
Due within one year
Trade debtors	17,766
Other debtors	449

	18,215

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Trade creditors	2,082
Amounts owed to group undertakings	119,319
Other creditors	19,522
Taxation and social security	7,951

	148,874

8. Share Capital

	31 December 2025
	£
Allotted, Called up and fully paid	1

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent undertaking is Landport B.V. a company incorporated in Netherlands.

The ultimate parent undertaking and controlling party is Teijlingerhorst B.V. who controls 100% of the shares of Landport

UK Ltd. It is included in the consolidated financial statements of Teijlingerhorst B.V. whose address is Donau 34, The Hague, Netherlands, 2491.

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Landport UK Ltd

Notes to the Financial Statements (continued)

For the Period 22 November 2024 to 31 December 2025

10. Audit Information

The auditor's report on the accounts of Landport UK Ltd for the period ended 31 December 2025 was unqualified.

The auditor's report was signed by Edward Cliff (Senior Statutory Auditor) for and on behalf of Azets Audit Services Limited , Statutory Auditor.

Azets Audit Services Limited

Triune Court

Monks Cross Drive

York

YO32 9GZ

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		31 December 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		1,067

			1,067
CURRENT ASSETS
Stocks	5	39,533
Debtors	6	18,215
Cash at bank and in hand		7,436

		65,184
Creditors: Amounts Falling Due Within One Year	7	(148,874 )

NET CURRENT ASSETS (LIABILITIES)			(83,690 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(82,623 )

NET LIABILITIES			(82,623 )

CAPITAL AND RESERVES
Called up share capital	8		1
Profit and Loss Account			(82,624 )

SHAREHOLDERS' FUNDS			(82,623)