Halyard Holdings Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the directors on the preparation of the unaudited statutory accounts of Halyard Holdings Ltd for the year ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Halyard Holdings Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Halyard Holdings Ltd , as a body, in accordance with the terms of our engagement letter dated 5 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Halyard Holdings Ltd and state those matters that we have agreed to state to the directors of Halyard Holdings Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halyard Holdings Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Halyard Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Halyard Holdings Ltd . You consider that Halyard Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Halyard Holdings Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

20th April 2026

Ascendis Group

Chartered Certified Accountants, Taxation and Business Advisors

Unit 3, Building 2, The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

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Halyard Holdings Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 12970978

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,045,426		1,045,426

			1,045,426		1,045,426
CURRENT ASSETS
Cash at bank and in hand		64,548		63,934

		64,548		63,934
Creditors: Amounts Falling Due Within One Year	5	(459,746 )		(579,182 )

NET CURRENT ASSETS (LIABILITIES)			(395,198 )		(515,248 )

TOTAL ASSETS LESS CURRENT LIABILITIES			650,228		530,178

Creditors: Amounts Falling Due After More Than One Year	6		-		(126,180 )

NET ASSETS			650,228		403,998

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			650,128		403,898

SHAREHOLDERS' FUNDS			650,228		403,998

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Halyard Holdings Ltd

Balance Sheet (continued)

As At 31 December 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Craig Schweitzer

Director

20th April 2026

The notes on pages 4 to 5 form part of these financial statements.

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Halyard Holdings Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Halyard Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12970978 . The registered office is Midpoint Park, Kingsbury Road, Minworth, Birmingham, B76 1AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.3. Fixed asset investment

Investments in subsidiaries are measured at cost less accumulated impairment on an annual basis. Impairment is recognised through the statement of profit and loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	1,045,426

As at 31 December 2025	1,045,426

Provision
As at 1 January 2025	-

As at 31 December 2025	-

...CONTINUED

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Halyard Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	1,045,426

As at 1 January 2025	1,045,426

The company's investments at the balance sheet date are the share capital of companies made up by the following:

Transpack Limited

Registered office: Inside United Kingdom

Nature of business: Packaging and Polythene Merchants

100%

Class of shares: Holding

10,000 A Ordinary

10,000 B Ordinary

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	112,965	145,885
Amounts owed to group undertakings	93,867	157,290
Other creditors	252,914	276,007

	459,746	579,182

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	126,180

7. Secured Creditors

There is a fixed and floating charge registered at Companies House over all assets and undertakings of the company.

	2025		2024
	£		£
Bank loans and overdrafts	112,965		272,065

8. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
5,650 Ordinary A shares of £ 0.01 each	57	57
3,250 Ordinary B shares of £ 0.01 each	33	33
550 Ordinary C shares of £ 0.01 each	5	5
550 Ordinary D shares of £ 0.01 each	5	5

	100	100

9. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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