Company No: 12428869 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

C A Faker

REGISTERED OFFICE	21 Elvaston Place
	London
	SW7 5QE
	United Kingdom

COMPANY NUMBER

12428869 (England and Wales)

	Note	2025		2024
		$		$
Fixed assets
Tangible assets	3	1,435		2,737
Investments	4	19,880,248		17,619,366
		19,881,683		17,622,103
Current assets
Debtors	5	293,732		171,202
Cash at bank and in hand		149,497		663,626
		443,229		834,828
Creditors: amounts falling due within one year	6	( 16,250,557)		( 16,207,400)
Net current liabilities		(15,807,328)		(15,372,572)
Total assets less current liabilities		4,074,355		2,249,531
Provision for liabilities		( 249,020)		( 241,254)
Net assets		3,825,335		2,008,277
Capital and reserves
Called-up share capital		130		130
Other reserves		10,840		41,716
Profit and loss account		3,814,365		1,966,431
Total shareholder's funds		3,825,335		2,008,277

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of CCEDYL HOLDINGS (UK) LTD (registered number: 12428869) were approved and authorised for issue by the Director on 15 December 2025. They were signed on its behalf by:

C A Faker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CCEDYL HOLDINGS (UK) LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 21 Elvaston Place, London, SW7 5QE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in USD which is the functional currency of the Company and rounded to the nearest $.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

Taxation

Current tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. Where borrowings have been obtained in a currency other than functional currency for the sole purpose of making investments in that currency, the hedged foreign exchange movements have been recognised directly in other comprehensive income.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Borrowings

Borrowings are initially recorded at fair value, net of transaction costs. Borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2. Employees

	2025		2024
	Number		Number
The average number of persons employed by the company during the year was	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	$		$
Cost
At 01 April 2024	6,505		6,505
At 31 March 2025	6,505		6,505
Accumulated depreciation
At 01 April 2024	3,768		3,768
Charge for the financial year	1,302		1,302
At 31 March 2025	5,070		5,070
Net book value
At 31 March 2025	1,435		1,435
At 31 March 2024	2,737		2,737

4. Fixed asset investments

	2025		2024
	$		$
Subsidiary undertakings	1		1
Participating interests	4		4
Other investments and loans	19,880,243		17,619,361
	19,880,248		17,619,366

Investments in subsidiaries

	2025
	$
Cost
At 01 April 2024	1
At 31 March 2025	1
Carrying value at 31 March 2025	1
Carrying value at 31 March 2024	1

	Listed investments		Investments in associates		Other investments		Total
	$		$		$		$
Cost or valuation before impairment
At 01 April 2024	13,584,577		4		4,034,784		17,619,365
Additions	727,760		0		692,483		1,420,243
Disposals	( 361,411)		0		0		( 361,411)
Movement in fair value	1,190,921		0		11,129		1,202,050
At 31 March 2025	15,141,847		4		4,738,396		19,880,247
Carrying value at 31 March 2025	15,141,847		4		4,738,396		19,880,247
Carrying value at 31 March 2024	13,584,577		4		4,034,784		17,619,365

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Elowen Capital Partners Limited	United Kingdom	Provision of financial consultancy and introductory services	Ordinary	100.00%	100.00%

Investments in associates

The following were associates of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Sigma Lending Ltd	United Kingdom	Provision of credit granting	Ordinary	30.00%	30.00%

5. Debtors

	2025		2024
	$		$
Amounts owed by associates (note 7)	288,738		169,188
Other debtors	4,994		2,014
	293,732		171,202

6. Creditors: amounts falling due within one year

	2025		2024
	$		$
Trade creditors	669		14,034
Taxation and social security	119,401		102,581
Other creditors	16,130,487		16,090,785
	16,250,557		16,207,400

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	$		$
At 1 April 2024	169,188		0
Loans made to associated companies	112,095		167,222
Re-translation of loans made in currencies other than USD	7,455		1,966
At 31 March 2025	288,738		169,188

During the year, the company made loans to Sigma Lending Ltd, an associated company, of USD 112,095. At the year end, the loan had a carrying value of USD 288,738. The loan is unsecured, interest free and repayable within 30 days of notice.

Transactions with the entity's director

	2025		2024
	$		$
At 1 April 2024	(16,090,780)		(16,051,416)
Re-translation of loans made in currencies other than USD	(39,702)		(38,531)
Repayments by the director	0		(833)
At 31 March 2025	(16,130,482)		(16,090,780)

Amounts owed to the director are interest-free and repayable on demand within 30 days of notice, required to be provided to the company prior to any repayment.