ACCOUNTS - Final Accounts preparation

Company registration number: 02792962

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	IIYAMA (UK) LIMITED


IIYAMA (UK) LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 6


IIYAMA (UK) LIMITED REGISTERED NUMBER:02792962

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		128,764		78,868
			128,764		78,868
Current assets
Debtors: amounts falling due within one year	5	1,670,320		388,567
Cash at bank and in hand		3,761,218		3,652,714
		5,431,538		4,041,281
Creditors: amounts falling due within one year	6	(1,815,706)		(687,899)
Net current assets			3,615,832		3,353,382
Total assets less current liabilities			3,744,596		3,432,250

Net assets			3,744,596		3,432,250

Capital and reserves
Called up share capital	1,400,001	1,400,001
Share premium account	3,512,619	3,512,619
Profit and loss account	(1,168,024)	(1,480,370)
	3,744,596	3,432,250

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S Takeichi

Director

Date: 21 August 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1


IIYAMA (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Iiyama (UK) Limited is a private company, limited by shares incorporated in the United Kingdom and, registered in England and Wales. The company's registered number and registered office address can be found on the Company information page. The company's trading address is Connection, 31 Great Sutton Street, London, EC1V ONA.

The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 following principal accounting policies have been applied:

2.2

Going concern

The director has undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.

2.3

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:

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;

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

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

2.4

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.

Page 2


IIYAMA (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

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 and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Motor vehicles

25%

on cost

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.

2.8

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position 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.

Page 3


IIYAMA (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value.

Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 7).

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	At 1 January 2025	197,294
	Additions	93,214
	Disposals	(69,171)
	At 31 December 2025	221,337
	Depreciation
	At 1 January 2025	118,426
	Charge for the year on owned assets	43,318
	Disposals	(69,171)
	At 31 December 2025	92,573
	Net book value
	At 31 December 2025	128,764
	At 31 December 2024	78,868

Page 4


IIYAMA (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	1,651,978	353,135
Other debtors	3,455	22,205
Prepayments and accrued income	14,887	13,227
	1,670,320	388,567

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	11,448	23,899
Corporation tax	33,036	-
Other taxation and social security	22,885	17,426
Other creditors	3,600	3,162
Accruals and deferred income	1,744,737	643,412
	1,815,706	687,899

7.	Post balance sheet events

On 8 April 2026, MCJ Co., Ltd., the ultimate parent undertaking of the Company, announced that a tender offer by BCPE Meta Cayman, L.P., an entity affiliated with Bain Capital, had been successfully completed. Following settlement of the transaction on 14 April 2026, BCPE Meta Cayman, L.P. acquired approximately 74.9% of the voting rights in MCJ Co., Ltd. and became its parent company.

As a consequence of the transaction, the ultimate controlling party of the Company changed from the previous controlling shareholder of MCJ Co., Ltd. to BCPE Meta Cayman, L.P. The transaction occurred after the reporting date and therefore has not been reflected in the financial statements for the year ended 31 December 2025.

The directors consider this to be a non-adjusting event after the reporting period. No adjustments have been made to the amounts recognised in these financial statements as a result of this transaction.

8.	Parent relationships

The parent undertaking is Iiyama Benelux B.V., a company registered in the Netherlands. The registered office of the parent undertaking is 8 Wijkermeerstraat, Hoofddorp, 2131HA, The Netherlands and the smallest group financial statements in which the company's results are included within are available from this address.

The ultimate holding company is MCJ Co., Ltd, a company registered in Japan. The registered office of the
ultimate holding company is Otemachi PLACE East Tower 6F, 2-3-2, Otemachi, Chiyoda-ku, Tokyo, Japan and
the largest group financial statements in which the company's results are included within are available from
this address.

Page 5


IIYAMA (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 24 August 2026 by James Fox ACA FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6