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Registration number: 13571206

Aquapac Group Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Aquapac Group Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 4

Aquapac Group Limited

(Registration number: 13571206)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 5,415 | 1,047,091
Current assets |  |  |
Cash at bank and in hand |  | - | 1,375
Creditors: Amounts falling due within one year | 5 | (5,133) | (997,550)
Net current liabilities |  | (5,133) | (996,175)
Net assets |  | 282 | 50,916
Capital and reserves |  |  |
Called up share capital | 6 | 1,256 | 1,057
Share premium reserve |  | 257,650 | 49,894
Retained earnings |  | (258,624) | (35)
Shareholders' funds |  | 282 | 50,916

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2026 and signed on its behalf by:

......................................... M G Malavasi Director | ......................................... M C Malavasi Director |

Aquapac Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
Westmoreland Works
St Mary's Street
Nelson
Lancashire
BB9 7BA

These financial statements were authorised for issue by the Board on 31 March 2026.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

Aquapac Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 5,415 | 1,047,091

Subsidiaries | £
Cost
At 1 October 2024 | 1,047,091
Disposals | (1,041,676)
At 30 September 2025 | 5,415
Carrying amount
At 30 September 2025 | 5,415
At 30 September 2024 | 1,047,091

Aquapac Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Innovative Outdoor Products Limited | Westmoreland Works, St Mary's Street, Nelson, Lancashire, BB9 7BA, England | Ordinary | 100% | 100%
Carradice of Nelson Limited | Westmoreland Works, St Mary's Street, Nelson, Lancashire, BB9 7BA, England | Ordinary | 0% | 100%
Aquapac Europe SAS | 10 Rue de Baudreville, 45480 Ecreville, France | - | 100% | 100%
Aquapac USA LLC | 7901 4th Street, North Suite 300, St Petersburg, Florida, FL 33702-4399, USA | - | 100% | 100%

5 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | - | 3,137
Amounts owed to group undertakings |  | 5,133 | 994,413
|  | 5,133 | 997,550

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,256 | 1,256 | 1,057 | 1,057