REGISTERED NUMBER: 04414422 (England and Wales)

Audited Financial Statements

for the Year Ended 31st December 2025

for

LIGHTHOUSE (UK) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

-

Intangible assets

4

-

297,933

Tangible assets

5

319,778

89

Investments

6

89

298,022

319,867

CURRENT ASSETS

1,302,482

Stocks

1,650,674

722,600

Debtors

7

10,944,107

21,246,631

Cash at bank and in hand

14,525,118

23,271,713

27,119,899

CREDITORS

898,170

Amounts falling due within one year

8

885,734

22,373,543

NET CURRENT ASSETS

26,234,165

22,671,565

TOTAL ASSETS LESS CURRENT LIABILITIES

26,554,032

36,015

PROVISIONS FOR LIABILITIES

10

41,273

22,635,550

NET ASSETS

26,512,759

CAPITAL AND RESERVES

100

Called up share capital

11

100

22,635,450

Retained earnings

26,512,659

22,635,550

SHAREHOLDERS' FUNDS

26,512,759

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2026 and were signed on its behalf by:

S Ashley - Director

1.	STATUTORY INFORMATION

Lighthouse (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04414422

Registered office:

1 Kille House

Chinnor Road

Thame

Oxfordshire

OX9 3NU

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", Section 1A Small Entities and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Going Concern

These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Lighthouse (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking form a small group.

Related party exemption

As the company is a wholly owned subsidiary of the group ultimately headed by MaxCo Limited, the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions or balances with entities which form part of the group. The consolidated financial statements of MaxCo Limited, within which this company is included, can be obtained from the address given in the ultimate controlling party note.

Turnover

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

All income is in respect of the sale of goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019 is being amortised evenly over its estimated useful life of five years in line with group policy and the expected useful life of the underlying assets acquired.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost at the date of purchase.

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

Plant and machinery - 20% on written down values

Office equipment - 15% on written down values

Motor vehicles - 25% on written down values

Computer equipment - 25% on written down values

Investments in subsidiaries

Investments in subsidiary undertakings are recognized at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads where applicable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings 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.

Current and 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 year was 41 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1st January 2025

and 31st December 2025

547,930

Amortisation

At 1st January 2025

and 31st December 2025

547,930

Net book value

At 31st December 2025

-

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

Totals

machinery

equipment

vehicles

equipment

£

£

£

£

£

Cost

At 1st January 2025

808,564

453,547

38,277

251,340

65,400

Additions

114,097

21,040

10,629

31,099

51,329

Disposals

(80,241

)

-

-

(80,241

)

-

At 31st December 2025

842,420

474,587

48,906

202,198

116,729

Depreciation

At 1st January 2025

510,631

319,919

17,129

145,238

28,345

Charge for year

84,648

26,335

4,834

29,983

23,496

Eliminated on disposal

(72,637

)

-

-

(72,637

)

-

At 31st December 2025

522,642

346,254

21,963

102,584

51,841

Net book value

At 31st December 2025

319,778

128,333

26,943

99,614

64,888

At 31st December 2024

297,933

133,628

21,148

106,102

37,055

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1st January 2025

and 31st December 2025

89

Net book value

At 31st December 2025

89

At 31st December 2024

89

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

552,443

606,456

Amounts owed by group undertakings

10,179,658

59,146

Prepayments

212,006

56,998

10,944,107

722,600

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,485

108,367

Corporation Tax

390,486

319,024

Social security and other taxes

46,822

38,484

VAT

33,814

124,965

Accruals and deferred income

379,127

307,330

885,734

898,170

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

21,175

84,700

Between one and five years

-

21,175

21,175

105,875

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

41,273

36,015

Deferred

tax

£

Balance at 1st January 2025

36,015

Provided during year

5,258

Balance at 31st December 2025

41,273

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Adrian Harby FCCA (Senior Statutory Auditor)

for and on behalf of Lemans

13.	PENSION COMMITMENTS

The company had accrued pension liabilities of £2,338 (2024 £2,116) at the year end.

14.	OTHER FINANCIAL COMMITMENTS

There was a commitment at the year end totalling £6,413 (2024 £77,492) in respect of orders placed for goods prior to the year end which were not received until the current financial year.

15.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Lighthouse (UK) Holdco Limited, which is a wholly owned subsidiary of MaxCo Limited, the ultimate holding company, a publicly listed entity in Japan.

The parent undertaking of both the largest and smallest group which prepares consolidated financial statements which include the results of Lighthouse (UK) Limited is MaxCo Limited incorporated in Japan. Copies of the consolidated financial statements can be obtained from MaxCo Limited 103-8502: 6-6, Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo.