ACCOUNTS - Final Accounts preparation

Registered number: 03182930

SDS APPLICATIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SDS APPLICATIONS LIMITED

REGISTERED NUMBER: 03182930

BALANCE SHEET

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£

Fixed assets
Investments	1,000	1,000
	1,000	1,000

Total assets less current liabilities	1,000	1,000
Net assets	1,000	1,000

Capital and reserves
Called up share capital	97,338	97,338
Share premium account	84,662	84,662
Profit and loss account	(181,000)	(181,000)
	1,000	1,000

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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with 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 on 25 September 2025.

Vitalie Robu

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

SDS APPLICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

SDS Applications 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

2.1

Basis of preparation of financial statements

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements have been prepared under the hsitorical cost convention unless otherwise
specified within these accounting policies and in accordance with section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and on the assumption that the company is a going concern.
The company's immediate parent undertaking is XBP Europe Limited, which is wholly-owned subsidiary of XBP Europe, Inc, incorporated in the USA. The company has therefore taken advantages of the exemption contained in the Financial Reporting Standard 102 (1A) section 33 ' Related Party Disclosure' and therefore not disclosed transactions or balances with entities which forms part of XBP Global Holdings, Inc. Group (or investees of the group qualifying as related parties). The consolidated financial statements ofXBP Global Holdings, Inc.within which the company is included, and can be obtained from the address given in note 5.

2.2

Preparation of Consolidated financial statements

The financial statements contain information about SDS Applications Limited as an individual company and donot contain consolidated financial information as the parent of a group. The company is exempt under section 400 of the companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, XBP Europe Limited, Baronsmede ,20th The Avenue, Egham, Surrey TW20 9AB, UK

2.3

Going concern

Post year end, the intention of the company is to be wound up. For this reason, these financial
statements are prepared on a basis other than going concern.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost .

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SDS APPLICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	1,000
	At 31 December 2024	1,000

Related party disclosures

The company's immediate parent company is XBP Europe Inc., a company registered in the USA. The company's ultimate parent undertaking is XBP Global Holdings, Inc., incorporated in the USA, whose principle place of business is at 6641 N Belt Line Rd, Suite 100, Irving, TX 75063 and includes the company in its consolidated financial statements. The group accounts of XBP Global Holdings, Inc., prepared in accordance with US GAAP can be obtained from this address or www.sec.gov.

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