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Registration number: 10231703

Lighthouse One UK Limited
Filleted Financial Statements
for the Year Ended 31 December 2025

Lighthouse One UK Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Lighthouse One UK Limited

Company Information

Directors | J J Muller D Swarts

Company secretary | CSC CLS (UK) Limited

Registered office | Prospect House 2 Athenaeum Road Whetstone London N20 9AE

Auditors | Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

Lighthouse One UK Limited

(Registration number: 10231703)
Balance Sheet as at 31 December 2025

| Note | 2025 € | 2024 €
Current assets |  |  |
Debtors | 6 | 377,535 | 389,074
Cash at bank and in hand |  | 11,830 | 28,496
|  | 389,365 | 417,570
Creditors: Amounts falling due within one year | 7 | (69,027) | (32,311)
Net assets |  | 320,338 | 385,259
Capital and reserves |  |  |
Called up share capital | 8 | 6,766,908 | 6,766,908
Other reserves |  | (810) | (810)
Retained earnings |  | (6,445,760) | (6,380,839)
Shareholders' funds |  | 320,338 | 385,259

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:

......................................... D Swarts Director |  |

Lighthouse One UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Prospect House
2 Athenaeum Road
Whetstone
London
N20 9AE

Principal activity

The principal activity of the Company is that of an investment company.

These financial statements were authorised for issue by the Board on 1 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Euros, the functional company is deemed to be Euros. The Euro/Sterling exchange rate as at 31 December 2025 is €1.1457 (31 December 2024 is €1.2096).

Going concern

The company reported a loss for the year. The financial statements have been prepared on a going concern basis and assumes that the company will continue its operations and meet its liabilities as they fall due for at least the next 12 months the signing of the financial statements. This assessment is based on management’s review of forecasts and current trading performance.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Lighthouse One UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currency are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
Non monetary assets have been translated at the rate ruling on the date of the translation and no subsequent translation of these assets has been carried out.
The functional currency of the company is Euro, being the currency in the trading environment to which the company is exposed.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Debtors are amounts due from customers for services performed in the ordinary course of business.
Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Lighthouse One UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4 | Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 1 July 2026 was David Wheeler, who signed for and on behalf of Bourner Bullock.

5 | Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 2 (2024 - 2).

6 | Debtors

Current | Note | 2025 € | 2024 €
Amounts owed by related parties |  | 373,074 | 384,521
Other debtors |  | 4,461 | 4,553
|  | 377,535 | 389,074

Lighthouse One UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 € | 2024 €
Due within one year |  |  |
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest |  | 51,600 | -
Taxation and social security |  | 4,886 | 19,767
Accruals and deferred income |  | 12,541 | 12,544
|  | 69,027 | 32,311

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | € | No. | €
Ordinary shares of €1 each | 6,766,908 | 6,766,908 | 6,766,908 | 6,766,908

9 | Dividends

|  | 2025 |  | 2024
|  | € |  | €
Final dividend of €Nil (2024 - €Nil) per ordinary share |  | - |  | -

10 | Parent and ultimate parent undertaking

Lighthouse Properties p.l.c. is the sole shareholder of Lighthouse One UK Limited and is the ultimate holding company of the group (the “Group”) to which the Company belongs.
The registered office of Lighthouse Properties p.l.c is 4th Floor, Office 41, Block A, IL-Piazzetta, Tower Road, Sliema, Malta, SLM 1605.
The Group Financial Statements are available at
https://lighthouse.mt/financials/lighthouse-integrated-report-for-the-year-ended-31-dec-2025-4-mar-2026/

Lighthouse One UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

11 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 € | 2024 €
Later than one year and not later than five years | 17,015 | 13,725