REGISTERED NUMBER: 13710804 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ALBERTINE LIFESTYLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T E M Marttila

J Nyrola

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

13710804 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

6,640

2,770

CURRENT ASSETS

Debtors

5

51,852

129,995

Cash at bank

83,251

63,682

135,103

193,677

CREDITORS

Amounts falling due within one year

6

3,152,571

1,662,198

NET CURRENT LIABILITIES

(3,017,468

)

(1,468,521

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,010,828

)

(1,465,751

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(3,010,928

)

(1,465,851

)

SHAREHOLDERS' FUNDS

(3,010,828

)

(1,465,751

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 21 September 2026 and were signed on its behalf by:

T E M Marttila - Director

1.	STATUTORY INFORMATION

Albertine Lifestyle 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.

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.

The financial statements have been prepared on the going concern basis. This assumes the support of the parent company, with such support being given for a period of at least 12 months and 1 day from the date of approval of these financial statements.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover relates to subscriptions and is recognised when the service is provided.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following method:

Plant and machinery etc - 33% on cost

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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.

Share-based payment transactions

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees and contractors in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is independently determined using the Black-Scholes option pricing model that takes into account the exercise price, the term of the options, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the Company receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

8,977

Additions

6,982

At 31 December 2025

15,959

DEPRECIATION

At 1 January 2025

6,207

Charge for year

3,112

At 31 December 2025

9,319

NET BOOK VALUE

At 31 December 2025

6,640

At 31 December 2024

2,770

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

3,001

13,942

Amounts owed by group undertakings

-

98,287

Other debtors

48,851

17,766

51,852

129,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

20,485

2,659

Amounts owed to group undertakings

3,098,467

1,621,210

Taxation and social security

21,634

20,000

Other creditors & accruals

11,985

18,329

3,152,571

1,662,198

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

£0.01

100

100

8.	ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party at the year end.

9.	SHARE-BASED PAYMENT TRANSACTIONS

The ultimate parent company, Albertine Ltd, operates an equity-settled share option scheme under which share options are granted to employees of the group, including employees of the company.

Options under the plan are generally exercisable when vested and subject to such terms, conditions, and restrictions as determined by the Board of Directors and set forth in the related option agreements. The options expire 10 years after the date of grant or earlier in the event of termination of employment.

The fair value of the equity instruments granted is measured at the grant date using the Black-Scholes option pricing model. The key assumptions used in the valuation include expected volatility, risk-free interest rate, expected dividend yield, and the expected life of the options, as set out in Note 2.

The following table summarises the equity settled share options with employees and contractors in the period:

Item

Number

Weighted average exercise price (£

)

Outstanding at the beginning of the year

12,350

0.001

Granted during the year

46,915

0.001

Forfeited during the year

(829

)

0.001

Exercised during the year

(26,218

)

0.001

Expired during the year

-

-

Outstanding at the end of the year

32,218

0.001

Exercisable at the end of the year

16,353

0.001

No share based payment expense was recognised during the period (2024: nil).

10.	ULTIMATE PARENT COMPANY

The ultimate parent company was Albertine Ltd, a company incorporated in England.