These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Euroliance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Acorn Business Centre, Northarbour Road, Cosham, Portsmouth, Hampshire, PO6 3TH.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

On 20 December 2023, ONET S.A. acquired 500 A Ordinary shares from OCS Group International Ltd and 500 B Ordinary shares from Gegenbauer Holding SE & Co Kg, becoming the sole shareholder in Euroliance Ltd.true

Following ONET S.A.'s acquisition of control in the company, the company's trade and assets were subsequently transferred to ONET S.A. and the company has ceased operating. The company has remained dormant since 21 May 2024. Accordingly, the directors have assessed that it is not appropriate for these financial statements to be prepared on a going concern basis.

Financial statements prepared on a basis other than going concern, present all assets at the lower of their cost or realisable value, and present all liabilities as falling due within one year at the value of the future cash flow expected

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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, which include #tErm6, amounts due from group companies and cash and bank balances, 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 measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The company had no employees during the current or previous year.

The 'A' Ordinary share, 'B' Ordinary shares and 'C' Ordinary shares rank pari pasu in all respects and carry not right to fixed income.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was qualified and the auditor reported as follows:

Qualified opinion

We have audited the financial statements of Euroliance Limited (the 'company') for the year ended 31 December 2024 which comprise , the balance sheet and notes to the financial statements, including 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, except for the possible effects on the comparative figures of the matter described in the Basis for Qualified Opinion paragraph, the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year 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 qualified opinion

In respect of the company's financial statements for the year ended 31 December 2023, we issued our audit report with a disclaimer of opinion. As disclosed within Note 1.2 of those financial statements, subsequent to ONET S.A. acquiring all of the shares in the company, the company's trade and assets were transferred to ONET S.A. and the company ceased operating. Due to the physical nature of the company's accounting records, the processes undertaken in closing its business, including the loss of key personnel with knowledge of the company's operations and the passage of time between the accounting period end date and our appointment as auditors, the company had lost access to certain accounting records and hence was unable to provide us with all of the information we requested for our audit of the financial statements for the year ended 31 December 2023. Accordingly, we were unable to satisfy ourselves that the other operating income and expenditure reported in the Statement of income and retained earnings for the year ended 31 December 2023, was complete. As a result of these matters, we are unable to determine whether any adjustments might be necessary to the comparative amounts presented within these financial statements for the year ended 31 December 2024 to amounts recorded within the Statement of income and retained earnings and Balance sheet at 31 December 2023.

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 Auditor's 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 qualified opinion.

Emphasis of matter - non-going concern basis of accounting

We draw attention to Note 1.2 to the financial statements which explains that the company transferred its business ONT S.A. and ceased operating. The directors 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 as described in Note 1.2.

The shareholder companies during the period to 20 December 2023 were O.C.S. Group International Limited, Onet S.A. and Gegenbauer Holding SA & Co Kg. On 20 December 2023 all of the company's shares were acquired by ONET S.A. and subsequently the trade and assets of the company were transferred to ONET S.A.

The company has applied the exemption available within FRS 102 Section 1AC.35 not to disclose transactions and balances with wholly owned members of the group of ONET S.A.

Since 20 December 2023 the ultimate parent undertaking and controlling party is ONET SA, a company registered in France.

Copies of the the ONET SA financial statements, which is the largest group to consolidate these financial statements, can be obtained from the following address:

ONET SA

36 Boulevard de L'Ocean

13009 Marseille

France