Lyvia UK Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Lyvia UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13851474 . The registered office is Sweden House, 5 Upper Montagu Street, London, W1H 2AG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£) rounded to the nearest £1.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. on the basis that the ongoing committed financial support from the company's parent undertaking will continue for at least 12 months from the date of signing of these financial statements.

2.3. Significant judgements and estimations

Subsidiaries Shares in subsidiaries are recognised at cost. Cost includes transaction costs directly attributable to the acquisition. Dividends from subsidiaries are recognised in profit or loss when the right to receive payment is established and can be measured reliably. Contingent consideration is recognised as part of the cost if it is probable that it will be paid. If, in subsequent periods, it becomes apparent that the initial assessment needs to be revised, the cost is adjusted

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of

FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 debtors 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 transaction is valued at the

unpaid amount plus any interest unpaid. Financial assets classified as receivable within one year are not amortised.

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 creditors and loans from group companies, 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. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts

payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors

are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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Lyvia UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.9. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.10. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measures at fair value. Unlisted investments are measured at fair value unless the value cannot be measuured reliably, in which case they are measured at cost less any accumulated impariment losses. Changes in fair value are included in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	5,885,824

As at 31 December 2025	5,885,824

Provision
As at 1 January 2025	-

As at 31 December 2025	-

...CONTINUED

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Lyvia UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	5,885,824

As at 1 January 2025	5,885,824

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	6,556	112,080

The amount due from group undertakings disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	990	-
Amounts owed to group undertakings	439,847	815,866
Other creditors	1,498,110	1,010,475
Taxation and social security	3,065	1,155

	1,942,012	1,827,496

Included in amounts owed to group undertakings are loans for £359,725 that are subject to interest at 5% plus STIBOR 3m per annum. An amount of £18,777 has been charged to the profit and loss account in the period.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	1,697,871	1,636,115

Included in amounts owed to group undertakings are loans for £1,500,000 that are subject to interest at 4% per annum. An amount of £61,756 has been charged to the profit and loss account in the period.

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
200,000 Ordinary Shares of £ 0.00001 each	2	2

9. Reserves

	Share Premium	Profit and Loss Account
	£	£
As at 1 January 2025	3,960,063	(1,399,200 )
Loss for the year and total comprehensive income	-	(271,933 )

As at 31 December 2025	3,960,063	(1,671,133 )

The retained earnings reserves represents cumulative losses.

The share premium reserve represents premium paid for new shares above their nominal value net of issue costs and bonus share issues. This reserve forms part of the company's non-distributable reserves.

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Lyvia UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Post Balance Sheet Events

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.

11. Ultimate Controlling Party

The immediate parent company is Mirovia Nordics AB (Publ), incorporated in Sweden at Hovslagargatan 5 B 4TR, 111 48, Stockholm.

The most senior parent entity producing publicly available financial statements is Lyvia Group AB (Publ). These financial statements are publicly available upon request from https://lyviagroup.com/publications/

12. Audit Information

The auditor's report on the accounts of Lyvia UK Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Oliver Atkinson (Senior Statutory Auditor) for and on behalf of Atkinsons Accountants Limited , Statutory Auditor.

Atkinsons Accountants Limited

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		5,885,824		5,885,824

			5,885,824		5,885,824
CURRENT ASSETS
Debtors	5	6,556		112,080
Cash at bank and in hand		36,435		26,572

		42,991		138,652
Creditors: Amounts Falling Due Within One Year	6	(1,942,012 )		(1,827,496 )

NET CURRENT ASSETS (LIABILITIES)			(1,899,021 )		(1,688,844 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,986,803		4,196,980

Creditors: Amounts Falling Due After More Than One Year	7		(1,697,871 )		(1,636,115 )

NET ASSETS			2,288,932		2,560,865

CAPITAL AND RESERVES
Called up share capital	8		2		2
Share premium account			3,960,063		3,960,063
Profit and Loss Account			(1,671,133 )		(1,399,200 )

SHAREHOLDERS' FUNDS			2,288,932		2,560,865