REGISTERED NUMBER: 07255709 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TWICE PS UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

L L Carlini

E Zoino

SECRETARY:

Regent Corporate Secretaries Limited

REGISTERED OFFICE:

37-38 Long Acre

London

WC2E 9JT

REGISTERED NUMBER:

07255709 (England and Wales)

SENIOR STATUTORY AUDITOR:

Robert Nissen F.C.A.

AUDITORS:

Stein Richards

Chartered Accountants and Statutory Auditor

10 London Mews

Paddington

LONDON

W2 1HY

CURRENT ASSETS

Stocks

4

22,826

9,322

Debtors

5

35,857

114,862

Cash at bank

110,337

139,615

169,020

263,799

CREDITORS

Amounts falling due within one year

6

817,337

621,447

NET CURRENT LIABILITIES

(648,317

)

(357,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(648,317

)

(357,648

)

CAPITAL AND RESERVES

Called up share capital

4,309,464

4,309,464

Retained earnings

(4,957,781

)

(4,667,112

)

SHAREHOLDERS' DEFICIT

(648,317

)

(357,648

)

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 and authorised for issue by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

L L Carlini - Director

1.	STATUTORY INFORMATION

Twice PS 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have been given assurance by the parent company that they will continue to provide adequate cash resources to cover the company's requirements for working capital and capital expenditure for at least the next twelve months from the approval of these accounts.

Turnover

Turnover represents amounts receivable for the goods and services provided, excluding value added tax.

Revenue recognition

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the customer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Stocks

Stocks are valued at the lower of cost and selling price less selling costs, after making due allowance for obsolete and slow moving items.

Current tax

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Monetary 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.

Cash and cash equivalents

For the purpose of the cash flow statement, cash and cash equivalents comprises cash in hand and deposits held on call with the bank, all of which are available for use by the company unless otherwise stated.

Financial assets

The company's basic financial assets consist of cash and cash equivalents, trade debtors and other debtors. Trade and other debtors are measured initially at transaction price and subsequently at amortised cost.

Financial liabilities

The company's basic financial liabilities include trade creditors, loans from related parties and accruals which are measured initially at transaction price and subsequently at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.

STOCKS

31.12.25

31.12.24

£

£

Work-in-progress

22,826

9,322

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

33,150

88,285

Other debtors

2,707

26,577

35,857

114,862

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

102,755

133,285

Amounts owed to group undertakings

694,110

438,274

Taxation and social security

1,000

2,000

Other creditors

19,472

47,888

817,337

621,447

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Nissen F.C.A. (Senior Statutory Auditor)

for and on behalf of Stein Richards

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 ultimate parent company is Prima Sole Components s.p.a (incorporated in Italy). The registered office address is via Casilina sud, SNC Torrice (FR), Italy.

The smallest and largest group in which the results of the company are consolidated is that headed by Prima Sole Components s.p.a. The consolidated financial statements of this group are available to the public and may be obtained from the registered office.