REGISTERED NUMBER: 12309781 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Uart Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Li

REGISTERED OFFICE:

65 London Wall

Suite 82-87

London

EC2M 5TU

REGISTERED NUMBER:

12309781 (England and Wales)

AUDITORS:

Shinewing Wilson Accountancy Limited

Chartered Certified Accountants

and Statutory Auditors

9 St Clare Street

London

EC3N 1LQ

FIXED ASSETS

Tangible assets

4

7,396

8,553

CURRENT ASSETS

Debtors

5

894,293

1,086,865

Cash at bank

231,030

107,508

1,125,323

1,194,373

CREDITORS

Amounts falling due within one year

6

257,773

294,027

NET CURRENT ASSETS

867,550

900,346

TOTAL ASSETS LESS CURRENT LIABILITIES

874,946

908,899

PROVISIONS FOR LIABILITIES

2,138

2,138

NET ASSETS

872,808

906,761

CAPITAL AND RESERVES

Called up share capital

8

1,300,000

1,300,000

Retained earnings

(427,192

)

(393,239

)

SHAREHOLDERS' FUNDS

872,808

906,761

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 director and authorised for issue on 23 September 2026 and were signed by:

M Li - Director

1.	STATUTORY INFORMATION

Uart Studio 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.

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

2.	ACCOUNTING POLICIES

Basis of preparation

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 company meets its day-to-day working capital requirements through its cash reserves. The service agreement with a customer will remain available for at least 12 months from the date of signing these financial statements. Based on this, the director has concluded that the company has adequate resources to continue in its operational existence. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered.

For design services, revenue is recognised in the period in which the services are rendered, based on agreed deliverables.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment - 33% on cost

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 the Statement of Comprehensive Income.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised 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 trade and other receivables and cash and bank balances, including cash held by group treasury company, 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

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 trade and other payables, and loans from group undertakings, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Share capital

Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset.

The company's ordinary shares are classified as equity instruments.

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.

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.

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.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

9,533

Additions

2,895

At 31 December 2025

12,428

DEPRECIATION

At 1 January 2025

980

Charge for year

4,052

At 31 December 2025

5,032

NET BOOK VALUE

At 31 December 2025

7,396

At 31 December 2024

8,553

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

811,928

996,528

Other debtors

82,365

90,337

894,293

1,086,865

Amounts owed by group undertakings are unsecured, interest free, and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

1,927

-

Amounts owed to group undertakings

116

122

Other creditors

255,730

293,905

257,773

294,027

Amounts owed to group undertakings are unsecured, interest free, without a fixed date of repayment and repayable on demand.

Included in amounts owned to group, there was loan of GBP 207,071 owned to immediate parent company (Note 9).

7.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Other loans

207,071

212,056

The company’s financing facility is loan from an immediate parent company with principal of USD 265,685 with interest of USD 12,909 at interest rate of 4% p.a. The loan is unsecured and repayment on demand.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Share capital 1

£13,000

1,300,000

1,300,000

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

As at 31 December 2025, unpaid share capital of £541,928 has included as debtor in Note 7 above.

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

The Report of the Auditors was unqualified.

Nijendra Dhungana FCCA (Senior Statutory Auditor)

for and on behalf of Shinewing Wilson Accountancy Limited

10.	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.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Fashion Tech (Hong Kong) Limited, a company incorporation and registered in Hong Kong and the ultimate parent company is Fashion Momentum Group Inc, a company incorporated and registered in Cayman Islands.

The ultimate controlling parties are M Li.