REGISTERED NUMBER: 01576138 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LIBERON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M De Grivel

J De Grivel

V33 SA

REGISTERED OFFICE:

Mountfield Industrial Estate

Learoyd Road

New Romney

Kent

TN28 8XU

REGISTERED NUMBER:

01576138 (England and Wales)

AUDITORS:

Cassidys Chartered Accountants

And Registered Auditors

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

2,923,369

2,500,225

CURRENT ASSETS

Stocks

2,143,505

1,237,558

Debtors

5

693,565

1,007,742

Cash at bank

471,944

998,276

3,309,014

3,243,576

CREDITORS

Amounts falling due within one year

6

2,418,396

1,348,044

NET CURRENT ASSETS

890,618

1,895,532

TOTAL ASSETS LESS CURRENT LIABILITIES

3,813,987

4,395,757

CREDITORS

Amounts falling due after more than one year

7

(1,739,316

)

(1,999,999

)

PROVISIONS FOR LIABILITIES

(11,921

)

(11,921

)

NET ASSETS

2,062,750

2,383,837

CAPITAL AND RESERVES

Called up share capital

9

2,100

2,100

Retained earnings

2,060,650

2,381,737

SHAREHOLDERS' FUNDS

2,062,750

2,383,837

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:

J De Grivel - Director

1.	STATUTORY INFORMATION

Liberon 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 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.

Turnover

Turnover is recognised when goods have been despatched and is measured at the fair value of the consideration received or receivable, excluding value added tax. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

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

Freehold buildings - over remaining useful economic life

Freehold land - nil

Equipment (excluding computers) - 15% on written down value/31% on cost

Computers - 33% on cost

Fixtures and fittings - 15% on written down value/15% on cost

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.

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.

Debtors

Debtors receivable within one year are measured at transaction price, less any impairment. Any losses arising from impairment are recognised in expenditure.

Creditors

Creditors payable with one year are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2025

3,069,120

321,651

3,390,771

Additions

281,628

290,309

571,937

At 31 December 2025

3,350,748

611,960

3,962,708

DEPRECIATION

At 1 January 2025

675,946

214,600

890,546

Charge for year

99,437

49,356

148,793

At 31 December 2025

775,383

263,956

1,039,339

NET BOOK VALUE

At 31 December 2025

2,575,365

348,004

2,923,369

At 31 December 2024

2,393,174

107,051

2,500,225

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

584,823

792,056

Amounts owed by group undertakings

10,820

4,796

Other debtors

97,922

210,890

693,565

1,007,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

309,207

186,781

Amounts owed to group undertakings

1,649,186

1,147,262

Taxation and social security

175,319

-

Other creditors

284,684

14,001

2,418,396

1,348,044

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

1,739,316

1,999,999

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

614,841

908,717

Included within other creditors falling due within one year and due after more than one year is a £2,000,000 loan due to the company's immediate parent, V33 S.A.

8.	LEASING AGREEMENTS

The minimum lease payments due under non-cancellable operating leases total £55,756 (2024 - £55,151).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

2,100

Ordinary

£1

2,100

2,100

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

The Report of the Auditors was unqualified.

Stuart Whorlow (Senior Statutory Auditor)

for and on behalf of Cassidys Chartered Accountants

11.	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.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is V33 S.A., a company incorporate in France, which is a director of Liberon Limited and owns 100% of the issued share capital. V33 S.A. registered office is Route de la Muyre, 39210 Domblans, France.

The ultimate holding company is Holding Christian de Grivel - Holding etc Financiere V33, a company incorporated in France.

Neither the immediate parent nor ultimate holding companies' financial statements are publicly available.