DECORGA PINTURA UK LIMITED

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

DECORGA PINTURA UK LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 15284663 . The registered office is Unit 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 £.

The financial statements have been prepared under the historical cost convention, . The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

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

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

· Sale of goods

· Construction services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Construction services

Revenue from contracts for the provision of construction services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

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DECORGA PINTURA UK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and 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.

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 creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

2.5. Foreign Currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2.6. Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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DECORGA PINTURA UK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.8. 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.

2.9. 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.

2.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.11 Leases

As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss

on a straight line basis over the term of the relevant lease except where another more systematic basis is

more representative of the time pattern in which economic benefits from the leases asset are consumed.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	70,467	230,317
Prepayments and accrued income	110,887	360,206
Other debtors	1,539	553,300
Amounts owed by group undertakings	1,000	1,000

	183,893	1,144,823

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	109,257	100,208
Corporation tax	106,150	195,838
Other taxes and social security	72,937	185,127
Accruals and deferred income	15,509	232,452
Amounts owed to group undertakings	158,369	515,736

	462,222	1,229,361

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DECORGA PINTURA UK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

7. Post Balance Sheet Events

There were no material events requiring disclosure post year end.

8. Related Party Transactions

Decorga Pintura France is a wholly owned subsidiary of Decorga Pintura S.L.U., the Company’s ultimate parent undertaking.

During the year, the Company made sales of goods to Decorga Pintura France amounting to £50,016 (2024: £nil). No balances were outstanding at 31 December 2025 (2024: £nil).

9. Ultimate Controlling Party

The Company’s immediate and ultimate parent undertaking is Decorga Pintura S.L.U., a company incorporated and registered in Spain.

During the year, the Company provided goods and services to its parent company totalling £4,801 (2024: £nil). No amounts were outstanding at 31 December 2025 (2024: £nil).

During the year, the Company purchased goods and services from its parent company amounting to £1,622,856 (2024: £386,514). No balances were outstanding at 31 December 2025 (2024: £nil).

10. Audit Information

The auditor's report on the accounts of DECORGA PINTURA UK LIMITED for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Ahsan Miraj (Senior Statutory Auditor) for and on behalf of Bright Grahame Murray , Statutory Auditor.

Bright Grahame Murray

Emperor's Gate

114a Cromwell Road

Kensington

London

SW7 4AG

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		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	183,893		1,144,823
Cash at bank and in hand		1,427,802		673,052

		1,611,695		1,817,875
Creditors: Amounts Falling Due Within One Year	5	(462,222 )		(1,229,361 )

NET CURRENT ASSETS (LIABILITIES)			1,149,473		588,514

TOTAL ASSETS LESS CURRENT LIABILITIES			1,149,473		588,514

NET ASSETS			1,149,473		588,514

CAPITAL AND RESERVES
Called up share capital	6		1,000		1,000
Profit and Loss Account			1,148,473		587,514

SHAREHOLDERS' FUNDS			1,149,473		588,514