REGISTERED NUMBER: 03186523 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Whiteway Holdings (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Dewhurst

T W Sole

SECRETARY:

J R Dewhurst

REGISTERED OFFICE:

15 Walbrook Apartments Central Avenue

London

SW6 2BZ

REGISTERED NUMBER:

03186523 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Investments

5

3,257,282

2,761,490

CURRENT ASSETS

Debtors

6

125,358

10,000

Cash at bank

377,101

14,461

502,459

24,461

CREDITORS

Amounts falling due within one year

7

5,204,114

5,203,934

NET CURRENT LIABILITIES

(4,701,655

)

(5,179,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,444,373

)

(2,417,983

)

CAPITAL AND RESERVES

Called up share capital

8

1,550

1,550

Capital reserve

9

1,450,072

1,450,072

Retained earnings

9

(2,895,995

)

(3,869,605

)

SHAREHOLDERS' FUNDS

(1,444,373

)

(2,417,983

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 21 April 2026 and were signed on its behalf by:

T W Sole - Director

1.	STATUTORY INFORMATION

Whiteway Holdings (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.

The presentation currency of the financial statements is the Euro (€).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Whiteway Holdings (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments

Fixed assets investments are valued at fair value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	FIXED ASSET INVESTMENTS

30.4.25

30.4.24

as restated

€

€

Shares in group undertakings

2

2

Other investments not loans

3,257,280

2,761,488

3,257,282

2,761,490

Additional information is as follows:

Shares in

group

Listed

Unlisted

undertakings

investments

investments

Totals

€

€

€

€

COST

At 1 May 2024

2

4,065,944

1

4,065,947

Disposals

-

(438,849

)

-

(438,849

)

At 30 April 2025

2

3,627,095

1

3,627,098

PROVISIONS

At 1 May 2024

-

1,459,457

-

1,459,457

Reversal of impairments

-

(934,641

)

-

(934,641

)

At 30 April 2025

-

524,816

-

524,816

NET BOOK VALUE

At 30 April 2025

2

3,102,279

1

3,102,282

At 30 April 2024

2

2,606,487

1

2,606,490

Investments (neither listed nor unlisted) were as follows:

30.4.25

30.4.24

as restated

€

€

Motor vehicles

155,000

155,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

B.N.L.G Associates Limited

Registered office: United Kingdom

Nature of business: Investment Holding

%

Class of shares:

holding

Ordinary

100.00

30.4.25

30.4.24

€

€

Aggregate capital and reserves

(86,488

)

(3,406

)

Loss for the year

(83,080

)

(1,335,088

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

as restated

€

€

Amounts owed by group undertakings

84,803

-

Other debtors

40,555

10,000

125,358

10,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

as restated

€

€

Other creditors

5,204,114

5,203,934

Included in other creditors are loans from Messers Paolo Venco and Carlo Dorna-Metzger for €2.6m each. The loans are secured against shares in Novatech Industries S.A. The loans are repayable in the event of the sale of the Novatech Industries S.A. shares, at which time one years interest will be paid at Euribor rate plus 0.45%. The lenders reserve the right to demand the transfer of the Novatech Industries S.A. shares to themselves or their nominees at any time in full and final settlement of the loans and interest due.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

as restated

€

€

1,000

Ordinary

£1

1,550

1,550

9.

RESERVES

Retained

Capital

earnings

reserve

Totals

€

€

€

At 1 May 2024

(3,012,957

)

1,450,072

(1,562,885

)

Prior year adjustment

(856,648

)

(856,648

)

(3,869,605

)

(2,419,533

)

Profit for the year

973,610

973,610

At 30 April 2025

(2,895,995

)

1,450,072

(1,445,923

)