LUCELL HOLDING UK LIMITED


Director	PARKER, Eric Wayne


Registered Address	Apartment 907 Cashmere House
	37 Leman Street
	London
	E1 8PU


Registered Number	16119382 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025
		£	£
Fixed assets
Intangible assets	3		434,973
			434,973
Current assets
Cash at bank and on hand		517,055
		517,055
Creditors amounts falling due within one year		(794,242)
Net current assets (liabilities)			(277,187)
Total assets less current liabilities			157,786
Creditors amounts falling due after one year			(200,414)
Net assets			(42,628)
Capital and reserves
Called up share capital			100
Profit and loss account			(42,728)
Shareholders' funds			(42,628)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 25 September 2026, and are signed on its behalf by:

PARKER, Eric Wayne
Director
Registered Company No. 16119382

LUCELL HOLDING UK LIMITED

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Franchise and development rights are stated at cost less accumulated amortisation and impairment. Amortisation is charged on a straight-line basis from the date the rights are available for use over their remaining contractual terms, with a nil residual value.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025
	Average number of employees during the year	0

3.	Intangible assets

		Total
		£
	Cost or valuation
	Additions	475,056
	At 31 December 25	475,056
	Amortisation and impairment
	Charge for year	40,083
	At 31 December 25	40,083
	Net book value
	At 31 December 25	434,973
	At 04 December 24	-

4.	Related party transactions
	During the year, the company received loan advances in the following amounts: - £521,749 from its ultimate parent undertaking, Five Iron US C Corp. - 147,872 to its wholly owned subsidiary, Five Iron London 1FA Limited. - £121,621 from Eric Parker, a director of the company At the reporting date, these amounts remained outstanding.