ACCOUNTS - Final Accounts preparation

Registered number: 07757452

Assist Facilities Limited

Unaudited

Directors' Report and Financial Statements

For the Year Ended 31 December 2024

Assist Facilities Limited

Company Information

Directors	S Huxley
	A M Pollins (appointed 16 October 2024)
	A P Bell (appointed 27 August 2025)


Company secretary	Z S Robertson (appointed on 16 October 2024)


Registered number	07757452


Registered office	Octavia House Westwood Way
	Westwood Business Park
	Coventry
	England
	CV4 8JP


Accountants	Kreston Reeves LLP
	Chartered Accountants
	Montague Place
	Quayside
	Chatham Maritime
	ME4 4QU

Assist Facilities Limited

Contents

	Page
Directors' report	1 - 2
Profit and loss account	3
Balance sheet	4
Notes to the financial statements	5 - 8

Assist Facilities Limited

Directors' Report

For the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Results
The company has not traded during the current or preceding financial year end, accordingly, no profit or loss account has been prepared. Any expenses have been met by other group companies.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙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 to 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.

Directors

The directors who served during the year were:

S Huxley

K B Lennard (resigned 16 October 2024)

J M Grady (resigned 2 April 2025)

A M Pollins (appointed 16 October 2024)

For the year ended 31 December 2024, the company was entitled to exemption from audit under Section 480 of the Companies Act 2006 relating to dormant companies.

Post balance sheet events

Following the year end, the Group has reviewed its corporate structure and applied for the strike off for a number of dormant entities. Further details can be viewed in Note 4.

Page 1

Assist Facilities Limited

Directors' Report (continued)

For the Year Ended 31 December 2024

This report was approved by the board and signed on its behalf.

A M Pollins

Director

Date: 17 September 2025

Page 2

Assist Facilities Limited

Profit and Loss Account

For the Year Ended 31 December 2024

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 3

Assist Facilities Limited

Registered number: 07757452

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		300,101		300,101
			300,101		300,101
Current assets
Debtors: amounts falling due within one year	5	733		733
		733		733
Creditors: amounts falling due within one year	6	(100)		(100)
Net current assets			633		633
Total assets less current liabilities			300,734		300,734

Net assets			300,734		300,734

Capital and reserves
Called up share capital	7	1,329	1,329
Other reserves		504	504
Profit and loss account		298,901	298,901
		300,734	300,734

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A M Pollins

Director

Date: 17 September 2025

The notes on pages 5 to 8 form part of these financial statements.

Page 4

Assist Facilities Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

The company is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is:Octavia House Westwood Way, Westwood Business Park, Coventry, England, CV4 8JP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional currency is Pounds Sterling. The company's financial statements are presented to the nearest £.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 5

Assist Facilities Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.4

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

4.	Fixed asset investments

		Shares in group undertakings
		£
	Cost or valuation
	At 1 January 2024	300,101
	At 31 December 2024	300,101

	Net book value
	At 31 December 2024	300,101
	At 31 December 2023	300,101

Following the year end, the Group has reviewed its corporate structure and applied for the strike off for a number of dormant entities. In May 2025, investments in Assist Managed Services Limited were transferred to idverde Limited, a subsidiary of idverde UK Limited.

Page 6

Assist Facilities Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

Debtors

					2024	2023
					£	£


Other debtors	733	733
	733	733

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	100	100
	100	100

Page 7

Assist Facilities Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

132,917 (2023 - 132,917) Ordinary shares of £0.01 each	1,329	1,329

8.	Related party transactions

Support Service Solutions Ltd, a company registered in England and Wales, is a subsidiary undertaking of the company and is therefore a related party.
At the balance sheet date, the company owed £100 (2023: £100) to Support Service Solutions Ltd and is included in amounts owed to group undertakings.

9.	Controlling party

At the balance sheet date, the company was a wholly owned subsidiary of Assist Support Group Limited, a company incorporated in England and Wales.
The smallest group of undertakings for which group accounts are drawn up is idverde UK Limited, a company registered in England and Wales.
At the year end, the largest group of undertakings for which group accounts are drawn up is Armorica Topco SCA, the ultimate parent company, registered in Luxembourg and controlled by Core Equity Holdings LP.
No single individual or company owns 25% or more of the economic rights of Core Equity Holdings LP directly or indirectly. However, Mr Serge Walid Sarkis, as Senior Manager, exercises the management control of Core Equity Holdings LP through its general partner, Core Equity Holdings GP Limited.

Page 8