REGISTERED NUMBER: 14716824 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

OCULAR HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S J Carroll

REGISTERED OFFICE:

2 Jardine House

The Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

14716824 (England and Wales)

ACCOUNTANTS:

Barber & Company

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investments

4

37,895,061

26,512,438

CREDITORS

Amounts falling due within one year

5

35,272,236

25,644,884

NET CURRENT LIABILITIES

(35,272,236

)

(25,644,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,622,825

867,554

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

2,622,725

867,454

SHAREHOLDERS' FUNDS

2,622,825

867,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 20 October 2026 and were signed by:

S J Carroll - Director

1.	STATUTORY INFORMATION

Ocular Holdings 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 as modified by the revaluation of certain assets.

INVESTMENTS IN ASSOCIATES

Investments in associate undertakings are recognised at cost.

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.

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.

LISTED INVESTMENTS

Listed Investments are stated at fair value (market value) at each reporting date.

Changes in fair value (gains / losses) are recognised within the Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

Listed

associate

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

130,125

26,382,313

26,512,438

Additions

77,274

10,045,061

10,122,335

Revaluations

-

1,260,288

1,260,288

At 31 December 2025

207,399

37,687,662

37,895,061

NET BOOK VALUE

At 31 December 2025

207,399

37,687,662

37,895,061

At 31 December 2024

130,125

26,382,313

26,512,438

Cost or valuation at 31 December 2025 is represented by:

Interest

in

Listed

associate

investments

Totals

£

£

£

Valuation in 2024

-

647,444

647,444

Valuation in 2025

-

1,260,288

1,260,288

Cost

207,399

35,779,930

35,987,329

207,399

37,687,662

37,895,061

The company's investments at the Balance Sheet date in the share capital of companies include the following:

ASSOCIATED COMPANIES

Constantinople Spice Consortium Limited

Registered office: 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX.

Nature of business: Trading

%

Class of shares:

holding

Ordinary Shares

50.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

(464,114

)

(423,246

)

Loss for the year

(40,768

)

(58,118

)

Namayan Spirits Limited

Registered office: 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX.

Nature of business: Trading

%

Class of shares:

holding

Ordinary Shares

36.80

31.12.25

31.12.24

£

£

Aggregate capital and reserves

(1,824,469

)

(1,199,411

)

Loss for the year

(625,068

)

(470,625

)

Deviation Spirits Limited

Registered office: 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX

Nature of business: Investment Holding

%

Class of shares:

holding

Ordinary Shares

40.50

31.12.25

31.12.24

£

£

Aggregate capital and reserves

377,976

306,648

Loss for the year

(3,361

)

(13,352

)

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Corporation tax

137,237

74,857

Social security and other taxes

352

352

Directors' current accounts

35,099,715

25,564,075

Accruals and deferred income

34,932

5,600

35,272,236

25,644,884

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary Shares

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 January 2025

867,454

Profit for the year

1,755,271

At 31 December 2025

2,622,725

8.	CONTROLLING PARTY

The controlling party is S J Carroll.