REGISTERED NUMBER: 01995383 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2025 TO 31ST OCTOBER 2025

FOR

WONG'S INTERNATIONAL EUROPE LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

Tsze Wah Chan

Wai Ming Chan

SECRETARY:

DSP Systems Limited

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

01995383 (England and Wales)

AUDITORS:

Richardson Jones

Registered Auditors &

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

The directors present their strategic report for the period ended 31st October 2025.

The financial results for the year, along with the company's financial position, are detailed in the accompanying financial statements.

Company performance

The results show a pre-tax loss of £33,176 (2024: profit of £21,620). The company has net assets of £507 (2024: £34,872) at the balance sheet date.

Principal risks and uncertainties

The company has ceased business on 31 October 2025 and is unlikely to resume operation in the future. Therefore, it is deemed to be the best interest of the Company to be dissolved and terminated.

Accordingly, the financial statement have not been prepared on a going concern basis with a view this will be the final period of accounts. The company will rely on continued support from its parent, during the wind up of the company.

The principal risks and uncertainties of Wong's International Holdings Limited, which include those of this company, are discussed in the group's annual report which does not form part of this report.

Key performance indicators ("KPIs")

Given the straightforward nature of the business, the company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the business.

The development, performance and position of Wong's International Holdings Limited, which include those of this company, are discussed in the group's annual report which does not form part of this report.

ON BEHALF OF THE BOARD:

Wai Ming Chan - Director

14th November 2025

The directors present their report with the financial statements of the company for the period 1st January 2025 to 31st October 2025.

CESSATION OF TRADING

The company ceased trading on 31st October 2025 therefore the accounting period has been shortened to this date.

DIVIDENDS

No dividends will be distributed for the period ended 31st October 2025.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1st January 2025 to the date of this report unless otherwise stated.

Other changes in directors holding office are as follows:

Chung Mat Wong - resigned 3.7.25

Yin Man Wong - resigned 3.7.25

The directors shown below were in office at 31st October 2025 but did not hold any interest in the Ordinary shares of £1 each at 1st January 2025 or 31st October 2025.

Tsze Wah Chan

Wai Ming Chan

The directors Tsze Wah Chan and Wai Ming Chan stated above are also directors of Wong's International Holdings Limited, the company's ultimate parent company. Their interests in the shares of Wong's International Holdings Limited (if any) are disclosed in the directors' report of the 2025 Annual Report of Wong's International Holdings Limited.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Richardson Jones, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Wai Ming Chan - Director

14th November 2025

Opinion

We have audited the financial statements of Wong's International Europe Limited (the 'company') for the period ended 31st October 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st October 2025 and of its loss for the period then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to Wongs International Europe Limited and the industry in which it operates, and considered the risks of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including Section 106 agreements, Health and Safety regulations and Corporation tax regulations. Our procedures included:

-agreeing the financial statements disclosures to underlying supporting documentation.

-enquiries with management.

-understanding the internal controls designed to prevent and detect irregularities.

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kevin Ellerby (Senior Statutory Auditor)

for and on behalf of Richardson Jones

Registered Auditors &

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

14th November 2025

TURNOVER

113,325

133,911

Administrative expenses

146,505

112,297

OPERATING (LOSS)/PROFIT

4

(33,180

)

21,614

Interest receivable and similar income

4

6

(LOSS)/PROFIT BEFORE TAXATION

(33,176

)

21,620

Tax on (loss)/profit

5

1,245

990

(LOSS)/PROFIT FOR THE FINANCIAL PERIOD

(34,421

)

20,630

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(34,421

)

20,630

FIXED ASSETS

Tangible assets

6

-

56

CURRENT ASSETS

Debtors

7

2,079

1,009

Cash at bank

7,749

48,959

9,828

49,968

CREDITORS

Amounts falling due within one year

8

9,321

15,096

NET CURRENT ASSETS

507

34,872

TOTAL ASSETS LESS CURRENT LIABILITIES

507

34,928

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

407

34,828

SHAREHOLDERS' FUNDS

507

34,928

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2025 and were signed on its behalf by:

Wai Ming Chan - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2024

100

14,198

14,298

Changes in equity

Total comprehensive income

-

20,630

20,630

Balance at 31st December 2024

100

34,828

34,928

Changes in equity

Total comprehensive income

-

(34,421

)

(34,421

)

Balance at 31st October 2025

100

407

507

Cash flows from operating activities

Cash generated from operations

1

(40,224

)

17,620

Tax paid

(990

)

(1,310

)

Net cash from operating activities

(41,214

)

16,310

Cash flows from investing activities

Interest received

4

6

Net cash from investing activities

4

6

(Decrease)/increase in cash and cash equivalents

(41,210

)

16,316

Cash and cash equivalents at beginning of period

2

48,959

32,643

Cash and cash equivalents at end of period

2

7,749

48,959

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

£

£

(Loss)/profit before taxation

(33,176

)

21,620

Depreciation charges

56

19

Finance income

(4

)

(6

)

(33,124

)

21,633

Increase in trade and other debtors

(1,070

)

(129

)

Decrease in trade and other creditors

(6,030

)

(3,884

)

Cash generated from operations

(40,224

)

17,620

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31st October 2025

31.10.25

1.1.25

£

£

Cash and cash equivalents

7,749

48,959

Year ended 31st December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

48,959

32,643

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

48,959

(41,210

)

7,749

48,959

(41,210

)

7,749

Total

48,959

(41,210

)

7,749

1.	STATUTORY INFORMATION

Wong's International Europe 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.

2.	ACCOUNTING POLICIES

Going concern

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have not been prepared on a going concern basis. The directors consider this to be appropriate as the company has ceased business on 31 October 2025 and unlikely to resume operation in the future.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect reported amounts in the financial statements. Management bases its judgements,

estimates and assumptions on historical experience and on other factors, including expectations of future events, which management believes to be reasonable under the circumstances. Actual results may differ from these estimates.

Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent

liabilities, revenues, and expenses. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision only affects that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents fees receivable from Wong's Electronics Company Limited, a fellow subsidiary company, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

£

£

Wages and salaries

120,134

87,264

Social security costs

3,178

5,787

123,312

93,051

The average number of employees during the period was as follows:

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

Sales

1

1

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

£

£

Directors' remuneration

-

-

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

£

£

Depreciation - owned assets

56

18

Auditors' remuneration

3,800

3,570

Auditors' remuneration for non audit work

6,010

4,600

The directors of the company are also directors of a number of companies within the Wong's group. The directors services to the company do not occupy a significant amount of their time. As such, the directors do not consider that they have received any remuneration for their incidental services to the company for the period ended 31 October 2025 or 31 December 2024.

5.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the period was as follows:

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

£

£

Current tax:

UK corporation tax

1,245

990

Tax on (loss)/profit

1,245

990

Reconciliation of total tax charge included in profit and loss

The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.1.25

to

Year Ended

31.10.25

31.12.24

£

£

(Loss)/profit before tax

(33,176

)

21,620

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 22.908% (2024 - 21.428%)

(7,600

)

4,633

Effects of:

Expenses not deductible for tax purposes

69

133

Depreciation in excess of capital allowances

13

4

Transfer pricing adjustments

8,763

(3,402

)

Inter-company a/c write off

-

(378

)

Total tax charge

1,245

990

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2025

and 31st October 2025

211

1,220

1,431

DEPRECIATION

At 1st January 2025

155

1,220

1,375

Charge for period

56

-

56

At 31st October 2025

211

1,220

1,431

NET BOOK VALUE

At 31st October 2025

-

-

-

At 31st December 2024

56

-

56

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.12.24

£

£

VAT

1,530

295

Prepayments

549

714

2,079

1,009

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.12.24

£

£

Trade creditors

7,801

1,006

Tax

1,245

990

Social security and other taxes

-

3,166

Other creditors

275

6,114

Accrued expenses

-

3,820

9,321

15,096

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1st January 2025

34,828

Deficit for the period

(34,421

)

At 31st October 2025

407

11.	RELATED PARTY DISCLOSURES

The company is 100% held by Wong's International Marketing Limited, a company incorporated in Hong Kong. Wong's International Marketing Limited is 100% directly owned by Wong's International Holdings Limited, a company incorporated in Bermuda and listed on The Stock Exchange of Hong Kong Limited. The directors consider Wong's International Holdings Limited to be the company's ultimate parent company.

As at 31 October 2025, the largest shareholder of the ultimate parent company was Ben Chung Mat Wong (personally and via Salop Hong Kong Limited, a company wholly-owned and controlled by him).

Turnover represents amounts wholly receivable from Wong's Electronics Company Limited, a fellow subsidiary company.

12.	ULTIMATE AND IMMEDIATE PARENT COMPANIES

Wong's International Marketing Limited is the immediate parent company and Wong's International Holdings Limited is the ultimate parent company. The financial statements of the ultimate parent company may be obtained by applying to the secretary at the registered office.