Sapphire Eye Midco Limited 14849356 true 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true P G M Sachs J Husband R Gupta false false true 14849356 2024-04-01 2025-03-31 14849356 2025-03-31 14849356 core:ShareCapital 2025-03-31 14849356 core:CurrentFinancialInstruments 2025-03-31 14849356 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14849356 bus:FRS102 2024-04-01 2025-03-31 14849356 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14849356 bus:FullAccounts 2024-04-01 2025-03-31 14849356 bus:RegisteredOffice 2024-04-01 2025-03-31 14849356 bus:Director1 2024-04-01 2025-03-31 14849356 bus:Director2 2024-04-01 2025-03-31 14849356 bus:Director3 2024-04-01 2025-03-31 14849356 bus:EntityHasNeverTraded 2024-04-01 2025-03-31 14849356 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14849356 1 2024-04-01 2025-03-31 14849356 countries:EnglandWales 2024-04-01 2025-03-31 14849356 core:CostValuation 2024-03-31 14849356 2023-05-05 2024-03-31 14849356 2024-03-31 14849356 core:ShareCapital 2024-03-31 14849356 core:CurrentFinancialInstruments 2024-03-31 14849356 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14849356

Sapphire Eye Midco Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Sapphire Eye Midco Limited

Profit and Loss Account for the Year Ended 31 March 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Sapphire Eye Midco Limited

(Registration number: 14849356)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 1 | 1
Current assets |  |  |
Debtors | 5 | 10,895,449 | 10,895,449
Creditors: Amounts falling due within one year | 6 | (10,895,449) | (10,895,449)
Net current assets/(liabilities) |  | - | -
Net assets |  | 1 | 1
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Shareholders' funds |  | 1 | 1

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 February 2026 and signed on its behalf by:

R Gupta
Director

Sapphire Eye Midco Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Sleepy Hollow Business Park
Ampfield Hill
Ampfield
Romsey
Hampshire
SO51 9AW

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Sapphire Eye Midco Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost
At 1 April 2024 and as at 31 March 2025 | 1
Carrying amount
At 31 March 2025 and as at 31 March 2024 | 1

5 | Debtors

| 2025 £ | 2024 £
Amounts owed by group undertakings | 10,895,449 | 10,895,449

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Amounts due to group undertakings | 10,895,449 | 10,895,449

7 | Parent and ultimate parent undertaking

The company's immediate parent is Sapphire Eye Topco Limited, incorporated in England and Wales.
The ultimate parent is Galaxar Direct 1 Limited, incorporated in England and Wales.
These financial statements are available upon request from Companies House.