REGISTERED NUMBER: 06039570 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OXEA UK LIMITED

TRADING AS

OQ CHEMICALS UK LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

D Fischer

H-P Imkamp

SECRETARY:

W R Davies

REGISTERED OFFICE:

4 Hill House

Hill House Drive

Reigate

Surrey

RH2 8BH

REGISTERED NUMBER:

06039570 (England and Wales)

AUDITORS:

Johnsons Chartered Accountants

Statutory Auditor

1-2 Craven Road

Ealing

London

W5 2UA

CURRENT ASSETS

Debtors

5

18,532

21,252

Cash at bank

75,937

77,710

94,469

98,962

CREDITORS

Amounts falling due within one year

6

(14,812

)

(25,019

)

NET CURRENT ASSETS

79,657

73,943

TOTAL ASSETS LESS CURRENT LIABILITIES

79,657

73,943

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

67,239

67,239

Retained earnings

12,416

6,702

SHAREHOLDERS' FUNDS

79,657

73,943

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 4 September 2025 and were signed on its behalf by:

H-P Imkamp - Director

1.	STATUTORY INFORMATION

Oxea UK 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes.

GOING

CONCERN

In adopting the going concern basis in the preparation of the consolidated financial statements, the directors have considered the current trading performance, financial position and liquidity of the company, the principal risks and uncertainties together with scenario planning and stress testing completed for a period of no less than 12 months from the approval of these financial statements.

Part of the company’s approach in preparing a detailed cash flow forecast was to make enquiries with management, review budgets and consider development and other commitments and legal obligations over the forecast period.

Conclusion on going concern

After reviewing the forecast period, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The company has a healthy position, with a net current asset and net asset position of $80k (2023: $74k) as at 31 December 2024. The company has a strong history of profit generation, which continued in 2025 and is forecast to continue. The company has a consulting service agreement with Oxea Holding GmbH to which it recharges all its operating costs plus a 5% mark up. The agreement continues indefinitely. The company therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expenses recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and

generates income

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

5,600

5,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,535

20,705

VAT

59

59

Prepayments

2,938

488

18,532

21,252

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,783

10,280

Taxation

1,005

1,956

Social security and other taxes

2,799

2,863

Other creditors

625

4,320

Accrued expenses

5,600

5,600

14,812

25,019

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

The Report of the auditors was unqualified.

Edmund Cartwright FCCA FMAAT (Senior Statutory Auditor)

for and on behalf of Johnsons Chartered Accountants

8.	RELATED PARTY DISCLOSURES

During the year the company supplied services totalling £141,117 (2023: £136,817) to a group company Oxea Holding GmbH. The amount due from Oxea Holding GmbH at 31 December 2024 is £15,534.65 (2023: £20,705).

During the year the company was supplied with services totalling £15,921.77 (2023: £22,276) by a group company Oxea International Holding GmbH. The amount due to Oxea International Holding GmbH at 31 December 2024 is £4,783.07 (2023: £10,280).

9.	POST BALANCE SHEET EVENTS

On April 8, 2025, the Oxea Group was acquired by a consortium consisting of Strategic Value Partners LLC (75%) and Blantyre Capital Limited (25%). Following the acquisition, the ultimate parent company is Oxea Lux Holdings S.à r.l., Luxembourg.

10.	PARENT COMPANY

Oxea International Holding GmbH is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The company is incorporated in Germany with registered office at Rheinpromenade 4a, 40789 Monheim am Rhein.