ACCOUNTS - Final Accounts

Registered number: 04392765

MVI LONDON LTD.

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 December 2025

MVI LONDON LTD.

CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MVI LONDON LTD.
FOR THE YEAR ENDED 31 DECEMBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of MVI London Ltd. for the year ended 31 December 2025 which comprise the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of MVI London Ltd., as a body, in accordance with the terms of my engagement letter dated 06/03/2019. My work has been undertaken solely to prepare for your approval the financial statements of MVI London Ltd. and state those matters that I have agreed to state to the board of directors of MVI London Ltd., as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than MVI London Ltd. and its board of directors, as a body, for my work or for this report.

It is your duty to ensure that MVI London Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MVI London Ltd.. You consider that MVI London Ltd. is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or review of the financial statements of MVI London Ltd.. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Drennan & Co.

Chartered Accountants

64 Belsize Park

London

NW3 4EH

5 June 2026

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MVI LONDON LTD.

Registered number: 04392765

BALANCE SHEET

As at 31 December 2025

		2025		2024
		£		£


Current assets	2,114,134		2,054,377
Creditors: amounts falling due within one year	(64,767)		(42,305)
Net current assets		2,049,367		2,012,072
Total assets less current liabilities		2,049,367		2,012,072

Net assets		2,049,367		2,012,072


Capital and reserves	2,049,367	2,012,072

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 5 June 2026.

Bo Lind

Director

The notes on pages 3 to 6 form part of these financial statements.

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MVI LONDON LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2025

1.	General information

The entity is a limited company registered in England & Wales.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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MVI LONDON LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2025

2.Accounting policies (continued)

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

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:

Office equipment

20%

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.

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MVI LONDON LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	2	2

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2025	19,538
	At 31 December 2025	19,538
	Depreciation
	At 1 January 2025	19,538
	At 31 December 2025	19,538
	Net book value
	At 31 December 2025	-
	At 31 December 2024	-

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MVI LONDON LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2025

Debtors

					2025	2024
					£	£


Trade debtors	8,948	8,948
Other debtors	25,864	328
Prepayments and accrued income	1,848	-
	36,660	9,276

6.	Current asset investments
		2025	2024
		£	£

Investments	1,601,492	1,555,811
	1,601,492	1,555,811

The market value of the investments at 31 December 2025 was £1,934,053 (2024: £1,800,731).

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	475,982	489,289
Less: bank overdrafts	(6)	-
	475,976	489,289

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

Bank overdrafts	6	-
Other creditors	64,761	42,305
	64,767	42,305

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