Company Registration No. 10355725 (England and Wales)
SADITA (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
SADITA (UK) LIMITED
CONTENTS
Page
Company information
Balance sheet
1
Notes to the financial statements
3 - 8
SADITA (UK) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
-
0
1,235,000
Investments
5
27,376,723
21,782,421
27,376,723
23,017,421
Current assets
Debtors
7
7,286,143
3,570,301
Cash at bank and in hand
4,056
3,425
7,290,199
3,573,726
Creditors: amounts falling due within one year
8
(35,395,291)
(28,385,656)
Net current liabilities
(28,105,092)
(24,811,930)
Net liabilities
(728,369)
(1,794,509)
Capital and reserves
Called up share capital
4,001,000
1,001,000
Profit and loss reserves
(4,729,369)
(2,795,509)
Total equity
(728,369)
(1,794,509)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 11 March 2026 and are signed on its behalf by:
S F S Alfozan
Director
Company registration number 10355725 (England and Wales)
SADITA (UK) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
1,001,000
(1,609,335)
(608,335)
Year ended 31 December 2024:
Loss and total comprehensive income
-
(1,186,174)
(1,186,174)
Balance at 31 December 2024
1,001,000
(2,795,509)
(1,794,509)
Year ended 31 December 2025:
Loss and total comprehensive income
-
(1,933,860)
(1,933,860)
Other movements
3,000,000
-
3,000,000
Balance at 31 December 2025
4,001,000
(4,729,369)
(728,369)
SADITA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Sadita (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Celixir House, Stratford Business & Technology Park, Innovation Way, Banbury Road, Stratford-upon-Avon, Warwickshire, United Kingdom, CV37 7GZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Sadita (UK) Limited is a wholly owned subsidiary of Sadita Holding Company and the results of Sadita (UK) Limited are included in the consolidated financial statements of Sadita Holding Company WLL, incorporated in Kuwait, which are available from Proteins Building, Sabhan Industrial Area, PO Box 26332, Kuwait.

1.2
Going concern

The company is a vehicle for its parent company to make investments in the United Kingdom and in the absence of a material income stream, has continued to make accounting losses in the year. Due to the nature of the company and its purpose within the wider Sadita group, it retains the support of the ultimate parent company both financially and strategically, for the long term.

Based on this continued support, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and the ability to pay its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

SADITA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SADITA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Valuation of investments

The company holds a significant investment in a number of undertakings in which the company has a participating interest, including additional long term loans to these companies. The Directors have made a critical judgement and assessed the valuation of the investments for impairment. The directors have recognised impairment losses in the profit & loss where the investment valuation has been assessed as higher than the deemed valuation.

SADITA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Investment property
2025
£
Fair value
At 1 January 2025
1,235,000
Disposals
(1,235,000)
At 31 December 2025
-
0

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
27,376,723
21,782,421
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 January 2025
21,782,421
Additions
5,594,302
At 31 December 2025
27,376,723
Carrying amount
At 31 December 2025
27,376,723
At 31 December 2024
21,782,421
SADITA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Associates

Details of the company's associates at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Fidelity Fulfilment Holding Company Limited
Ordinary shares
49.00
Olidor Group Limited
Ordinary shares
49.00
Drinkwell Beverages Limited
Ordinary shares
49.00
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,225,000
1,787,890
Other debtors
13,495
12,175
1,238,495
1,800,065
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
6,047,648
1,770,236
Total debtors
7,286,143
3,570,301
8
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
35,286,483
27,830,396
Other creditors
108,808
555,260
35,395,291
28,385,656
9
Operating lease commitments

The outstanding commitments for future minimum lease payments under non-cancellable operating leases at the reporting end date were £4 4,560 (202 4: £43,480).

SADITA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mark Bullock FCA
Statutory Auditor:
TC Group
Date of audit report:
11 March 2026
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Interest received
2025
2024
£
£
Entities with control, joint control or significant influence over the company
554,300
1,326,177

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
7,272,648
3,768,936

Other information

In accordance with Section 1AC.35 the company has not disclosed transactions with companies which are within the wholly owned group of which it is a member.

12
Parent company

The parent company and ultimate controlling party of Sadita (UK) Limited is Sadita Holding Company WLL, incorporated in Kuwait.

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