ANNUAL REPORT AND FINANCIAL STATEMENTS

 

FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

FOR

 

LANGO MANAGEMENT UK LIMITED

 

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

CONTENTS OF THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

 

 

 

Page

 

 

Company Information

1

 

 

Directors' Report

2

 

 

Statement of Financial Position

4

 

 

Statement of Profit or Loss and Other Comprehensive Income

5

 

 

Notes to the Financial Statements

6

 

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

COMPANY INFORMATION FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

 

 

 

DIRECTORS:

Thomas James Reilly

 

 

 

Eric Hendrik Weirich

 

 

REGISTERED OFFICE:

Suite 1, 7th Floor

 

 

 

50 Broadway

 

 

 

London

 

 

 

SW1H 0DB

 

 

REGISTERED NUMBER:

16120564 (England and Wales)

 

 

PARENT UNDERTAKING:

Lango Real Estate Limited

 

 

 

(Company No. 15804453)

 

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

DIRECTORS' REPORT FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

The directors present their report and the financial statements of Lango Management UK Limited (the “Company”) for the period from 5 December 2024 to 31 December 2025.

 

Principal Activities

The Company was incorporated on 5 December 2024 and is registered in England and Wales. The Company employs UK-based personnel for the Lango Group and provides services to other companies within the Group.

 

Review of Business

Revenue for the period comprised fees received from subsidiary companies within the Lango Group amounting to USD1,606,764. Administrative expenses, including employee benefits of USD3,054,122 and other administrative expenses of USD323,872, amounted to USD3,377,995, offset by foreign exchange gains of USD13,402. This resulted in a loss for the period of USD1,757,828.

The Company is supported by its parent undertaking, Lango Real Estate Limited, which has provided a statutory guarantee pursuant to Section 479C of the Companies Act 2006 covering all outstanding liabilities of the Company as at 31 December 2025.

 

Results and Dividends

The loss for the period amounted to USD1,757,828. The directors do not recommend the payment of a dividend.

 

Audit Exemption

For the period ended 31 December 2025, the Company has taken advantage of the exemption from the statutory audit requirement pursuant to Section 479A of the Companies Act 2006. The Company's parent undertaking, Lango Real Estate Limited (Company No. 15804453), has provided a guarantee under Section 479C of the Companies Act 2006 in respect of all outstanding liabilities of the Company as at 31 December 2025.

 

Directors

The following directors served throughout the period:

•

Thomas James Reilly

•

Eric Hendrik Weirich

 

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with Financial Reporting Standard 101 ‘Reduced Disclosure Framework' (FRS 101) as adopted by the Financial Reporting Council and in accordance with the requirements of the Companies Act 2006.

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

•

select suitable accounting policies and then apply them consistently;

•

make judgements and accounting estimates that are reasonable and prudent;

•

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company, and to enable them to ensure that the financial statements comply with the Companies Act 2006.

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

DIRECTORS' REPORT FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

Approved by the Board of Directors on 03 Sep 2026 and signed on its behalf by:

 

 

 

 

 

Thomas James Reilly - Director

Eric Hendrik Weirich - Director

 

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

STATEMENT OF FINANCI POSITION 31 DECEMBER 2025

 

 

31 December 2025 USD

 

ASSETS

 

Current assets

 

Trade and other receivables

53,500

Cash and cash equivalents

73,036

 

 

Total assets

126,536

 

 

 

 

LIABILITIES AND EQUITY

 

Current liabilities

 

Trade and other payables

1,884,363

 

 

Total liabilities

1,884,363

 

 

 

 

Equity attributable to owners of the Company

 

Share capital

1

Loss for the financial period

(1,757,828)

 

 

Total equity

(1,757,827)

 

 

Total liabilities and equity

126,536

 

The Company is entitled to exemption from audit under Section 479A of the Companies Act 2006 for the period ended 31 December 2025.

 

The members have not required the Company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

 

The directors acknowledge their responsibilities for:

(a)

ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

 

 

These financial statements were approved by the Board of Directors and authorised for issue on 03 Sep 2026 and were signed on its behalf by:

 

 

 

 

 

Thomas James Reilly - Director

Eric Hendrik Weirich - Director

 

The notes form part of these financial statements

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER

 

 

Period ended 31 December

 

2025 USD

 

 

Revenue

 

Fees received from Group companies

1,606,764

 

 

Administrative expenses

 

Other administrative expenses

(323,872)

Employee benefits

(3,054,122)

Foreign exchange gains

13,402

 

 

Loss before tax

(1,757,828)

Taxation

-

Loss for the financial period

(1,757,828)

 

 

Other comprehensive income

 

Items that are or may be reclassified subsequently to profit or loss

-

Total comprehensive income for the period

(1,757,828)

 

The notes form part of these financial statements

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

1.     STATUTORY INFORMATION

Lango Management UK Limited 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

Accounting convention

These financial statements have been prepared in accordance with Financial Reporting Standard 101 ‘Reduced Disclosure Framework' (‘FRS 101') and the requirements of the Companies Act 2006. These are the first financial statements of the Company prepared in accordance with FRS 101. In preparing these financial statements, the Company applies the recognition, measurement and disclosure requirements of UK-adopted international accounting standards (IFRS), but makes amendments where necessary in order to comply with the Companies Act 2006. The financial statements have been prepared on the going concern basis under the historical cost convention. The financial statements are presented in US Dollars (USD), which is the functional currency of the Company. The principal accounting policies adopted are set out below.

 

Going concern

The Company has net liabilities of USD1,757,827 as at 31 December 2025. The directors have given careful consideration to the going concern basis of preparation. The parent undertaking, Lango Real Estate Limited, has a consolidated net asset position of approximately USD191.5 million as at 31 December 2025 and has provided a statutory guarantee pursuant to Section 479C of the Companies Act 2006, unconditionally and irrevocably guaranteeing all outstanding liabilities of the Company. The directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.

 

Revenue recognition

Revenue comprises fees received from subsidiary companies within the Lango Group for services provided. Revenue is recognised in the accounting period in which the services are rendered, in accordance with IFRS 15 ‘Revenue from Contracts with Customers'.

 

Foreign currency

The functional and presentational currency of the Company is US Dollars (USD). Transactions in currencies other than USD are translated into USD at the rates of exchange prevailing at the dates of the transactions, in accordance with IAS 21 ‘The Effects of Changes in Foreign Exchange Rates'. At each reporting date, monetary assets and liabilities denominated in foreign currencies are retranslated at the rates prevailing on the reporting date. Exchange differences arising are recognised in profit or loss.

 

Employee benefits

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related services are provided, in accordance with IAS 19 ‘Employee Benefits'. A liability is recognised for the amount expected to be paid under short-term cash bonus plans if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee.

 

Financial instruments

The Company recognises financial assets and liabilities in accordance with IFRS 9 ‘Financial Instruments'. Financial assets and liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial assets comprising trade and other receivables and cash and cash equivalents are classified as financial assets measured at amortised cost. They are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less any allowance for expected credit losses. Financial liabilities comprising trade and other payables are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method.

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

3.     TRADE AND OTHER RECEIVABLES

 

31 December 2025 USD

 

 

Other receivables

53,500

 

4.     TRADE AND OTHER PAYABLES

 

31 December 2025 USD

 

 

Bonus accrual and staff costs

1,600,000

Rent and other external costs

284,363

 

 

Total

1,884,363

 

Of the USD1,884,363 total payables, approximately USD1,600,000 relates to staff costs comprising bonus accruals, year-to-date payroll and sundries. The remaining USD284,363 relates to external costs including the rent of the London office and staff travel expenses.

 

5.     SHARE CAPITAL

 

31 December 2025 USD

 

 

1 ordinary share of £1, fully paid (equivalent to USD1 at the period end exchange rate)

1

 

6.     RELATED PARTY TRANSACTIONS

The Company is a wholly owned subsidiary of Lango Real Estate Limited. During the period, the Company received fees from subsidiary companies within the Lango Group totalling USD1,606,764.

Lango Real Estate Limited has provided a statutory guarantee pursuant to Section 479C of the Companies Act 2006, unconditionally and irrevocably guaranteeing all outstanding liabilities of the Company as at 31 December 2025, amounting to USD1,884,363.

 

7.     PARENT UNDERTAKING AND CONTROLLING PARTY

The Company's immediate and ultimate parent undertaking is Lango Real Estate Limited, a company registered in England and Wales (Company No. 15804453). The consolidated financial statements of Lango Real Estate Limited, which include the Company, are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

 

8.     AUDIT EXEMPTION

For the period ended 31 December 2025, the Company has taken advantage of the exemption from the requirement for a statutory audit pursuant to Section 479A of the Companies Act 2006. As a condition of this exemption:

•

the sole member of the Company has agreed to the exemption in respect of the period ended 31 December 2025;

•

Lango Real Estate Limited (Company No. 15804453), the parent undertaking, has given a guarantee under Section 479C of the Companies Act 2006 in respect of all outstanding liabilities of the Company as at 31 December 2025; and

•

the Company is included in the consolidated accounts of Lango Real Estate Limited drawn up for the year ended 31 December 2025, which disclose that the Company is exempt from the requirements of the Companies Act 2006 relating to the audit of individual accounts by virtue of Section 479A.

LANGO MANAGEMENT UK LIMITED (REGISTERED NUMBER: 16120564)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 5 DECEMBER 2024 TO 31 DECEMBER 2025

 

9.     EVENTS AFTER THE REPORTING DATE

As at the date of signing of these financial statements, there have been no significant events that require disclosure in, or adjustment to, the financial statements as at 31 December 2025.