Company registration number 08758203 (England and Wales)
SOAR NEWCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
UK
CM1 1GU
SOAR NEWCO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SOAR NEWCO LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
3
3
Net current assets
3
3
Capital and reserves
Called up share capital
5
3
3
Other reserves
6
7
7
Profit and loss reserves
6
(7)
(7)
Total equity
3
3

For the financial 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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 12 November 2025 and are signed on its behalf by:
J D Boast
Director
Company registration number 08758203 (England and Wales)
SOAR NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Soar Newco Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Miller Court, Severn Drive, Tewkesbury Business Park, Tewkesbury, Gloucestershire, GL20 8DN.

1.1
Basis of preparation

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 a mounts 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.

The company is a wholly-owned subsidiary of Riser Holdings LP, a company registered in Delaware, USA,

and is included in the consolidated financial statements of this company, which are publicly available.

Consequently, the company has taken advantage of the exemption from preparing consolidated financial

statements under the terms of section 401 of the Companies Act 2006. The accounts for Riser Holdings LP

are available at; 520 Madison Avenue, New York, NY 10019.

As a wholly-owned subsidiary of Riser Holdings LP, and a qualifying entity, the Company has taken

advantage of the exemption offered by FRS 102 "Related Party Disclosures" not to disclose transactions with

wholly owned subsidiary undertakings.

1.2
Going concern

The directors intend to liquidate this company within 12 months of the date of signing these financial statements. As such, the financial statements have been prepared on a basis other than going concern. The accounting policies have not been amended in any way.true

1.3
Financial instruments

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

Basic financial assets, which include debtors 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.

SOAR NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

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

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

No specific judgements or key sources of estimation uncertainty were identified.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was Nil (2022: Nil).

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3
3
SOAR NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of 0.000001 each
3,074,107
3,074,107
3
3
Ordinary B Shares of 0.0000000001p each
34,836,500
34,836,500
-
0
-
0

Both share classes have full voting rights, the rights to participate in a dividend, and the rights to participate in a distribution on winding up. the shares are not redeemable.

6
Reserves
Capital contribution

The capital contribution reserve comprises the cumulative effect of contributions made to the entity's capital from a related party, for which there is no corresponding liability due to the related party agreeing as such.

Profit and loss reserves

The profit and loss reserve comprises the cumulative effect of the total profits and losses at each year end, less any distributions made to shareholders.

7
Secured debts

JPMorgan Chase Bank currently hold a fixed and floating charge over the assets and undertakings of the Company.

8
Related party transactions

The company has taken advantage of exemptions available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries.

9
Ultimate controlling party

At the reporting date control of the company is held by NSM UK Holdings Ltd, a company registered in England & Wales. Subsequent to the year the immediate parent undertaking changed to Riser Interco LLC, a company incorporated in the US with the registered office 555 North Lane, Suite 6060, Conshohocken, Pennsylvania 19428, USA.

The financial statements of the company are consolidated in the financial statements of Riser Holdings LP, a company incorporated in the US with the registered office 520 Madison Avenue, New York, NY 10019. This represents the smallest group of undertakings for which consolidated financial statements are prepared. The consolidated financial statements are available from its registered office.

At the reporting date the Company's ultimate parent undertaking is Carlyle Partners VIII Holdings III, L.P. (Delaware Partnership), a company incorporated in the US with the registered office Corporation Trust Center 1209 Orange St, Wilmington, DE. This represents the largest group of undertakings for which consolidated financial statements are prepared.

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