REGISTERED NUMBER: 11658650 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SEVAN MULTI-SITE SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M M Kretz

A S Becker

REGISTERED OFFICE:

5th Floor, 10 Finsbury Square

London

EC2A 1AF

REGISTERED NUMBER:

11658650 (England and Wales)

AUDITORS:

Knox Cropper LLP

Chartered Accountants and Statutory Auditors

Office Suite 1

Haslemere House

Lower Street

Haslemere

Surrey

GU27 2PE

CURRENT ASSETS

Debtors

4

141

-

Cash at bank

-

1,049

141

1,049

CREDITORS

Amounts falling due within one year

5

-

2,212,976

NET CURRENT ASSETS/(LIABILITIES)

141

(2,211,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

141

(2,211,927

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

41

(2,212,027

)

141

(2,211,927

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

A S Becker - Director

1.	STATUTORY INFORMATION

Sevan Multi-Site Solutions 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") 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 FRS102 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 and presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

The company ceased to trade in June 2024 on the grounds that the ultimate parent company Sevan Multi-Site Solutions Inc, are no longer providing financial support and as such, the business is not able to continue as a going concern. The going concern basis is not appropriate and the directors have therefore not prepared the financial statements on that basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

141

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

2,207,254

Taxation and social security

-

789

Other creditors

-

4,933

-

2,212,976

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to Note 2 to the financial statements which explains that the company ceased trading during the year following withdrawal of financial support from the ultimate parent company and the directors intend to liquidate the company. As such the directors 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 2. Our opinion is not modified in respect of this matter.

James Holland-Leader FCA (Senior Statutory Auditor)

for and on behalf of Knox Cropper LLP

7.	PARENT/SUBSIDIARY RELATIONS

The parent company of the smallest group preparing consolidated financial statements is Sevan Multi-Site Solutions Inc and their registered office is 3025 Highland Parkway, Downers Grove, Illinois 60515, United States.