REGISTERED NUMBER: 10549028 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2025 to 31 March 2026

for

Frenchfounders Europe Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B A Buridant

V Deruelle

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

11 Old Jewry

London

United Kingdom

EC2R 8DU

REGISTERED NUMBER:

10549028 (England and Wales)

CURRENT ASSETS

Debtors

5

25,033

18,243

Cash at bank

2,270

165

27,303

18,408

CREDITORS

Amounts falling due within one year

6

10,639

6,970

NET CURRENT ASSETS

16,664

11,438

TOTAL ASSETS LESS CURRENT LIABILITIES

16,664

11,438

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

6,664

1,438

SHAREHOLDERS' FUNDS

16,664

11,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

B A Buridant - Director

1.	STATUTORY INFORMATION

Frenchfounders Europe Ltd 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.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland, Section1A (Small Entities), under the historical cost convention.

The financial statements are prepared on a going concern basis. Although the company expects to cease trading during the next financial year, no formal date has been set and it continues to meet its liabilities as they fall due. Accordingly, the directors consider the going concern basis to remain appropriate, although a material uncertainty exists regarding the company’s ability to continue trading. The financial statements do not include any adjustments that might result if the company were unable to continue trading.

The financial statements cover the period from 1January2025 to 31March2026, a period of fifteen months. The previous financial year covered twelve months ended 31December2024. As a result, the current period is longer than usual and the amounts presented in the statement of comprehensive income are not directly comparable with those of the prior year.

Turnover

Turnover comprises cost recharges to FrenchFounders Inc for services provided, including an agreed mark-up. Revenue is recognised in proportion to the services delivered and is not subject to UK value added tax as the supply is made to an overseas entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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 tax refunds due, loans from fellow group companies 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, accruals and taxes due 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

6,657

Disposals

(6,657

)

At 31 March 2026

-

DEPRECIATION

At 1 January 2025

6,657

Eliminated on disposal

(6,657

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.12.24

£

£

Amounts owed by group undertakings

25,032

16,705

VAT

1

1,538

25,033

18,243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.12.24

£

£

Trade creditors

1,503

1,548

Corporation Tax

1,012

2,365

Social security and other taxes

3,365

-

Other creditors

259

257

Accruals

4,500

2,800

10,639

6,970

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.12.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is FrenchFounders Inc, a company registered in the United States of America.

FrenchFounders Inc prepares group financial statements and copies can be obtained from The Foundery, 27 West, 20th Street, Suite 800, New York, NY 10011.