Company No: 02794174 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.10.2025		31.10.2024
		£		£
Fixed assets
Investments	4	1,132,853		1,532,853
		1,132,853		1,532,853
Current assets
Debtors
- due within one year	5	171,200		290,075
- due after more than one year	5	91,667		0
Cash at bank and in hand		8,405		37,982
		271,272		328,057
Creditors: amounts falling due within one year	6	( 1,220,149)		( 1,643,031)
Net current liabilities		(948,877)		(1,314,974)
Total assets less current liabilities		183,976		217,879
Creditors: amounts falling due after more than one year	7	( 91,666)		( 10,000)
Net assets		92,310		207,879
Capital and reserves
Called-up share capital		5,000		5,000
Profit and loss account		87,310		202,879
Total shareholders' funds		92,310		207,879

For the financial year ending 31 October 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Nationwide Mailroom Holdings Limited (registered number: 02794174) were approved and authorised for issue by the Board of Directors on 30 March 2026. They were signed on its behalf by:

Mr J P Gilbert Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Nationwide Mailroom Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nationwide House, Moss Bank Way, Bolton, BL1 8NP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Year ended 31.10.2025		Period from 01.05.2023 to 31.10.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

4. Fixed asset investments

	31.10.2025		31.10.2024
	£		£
Subsidiary undertakings	1,075,923		1,475,923
Participating interests	56,930		56,930
	1,132,853		1,532,853

5. Debtors

	31.10.2025		31.10.2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by connected companies	45,000		263,875
Other debtors	126,200		26,200
	171,200		290,075
Debtors: amounts falling due after more than one year
Other debtors	91,667		0

6. Creditors: amounts falling due within one year

	31.10.2025		31.10.2024
	£		£
Bank loans	9,978		10,020
Trade creditors	0		9,691
Amounts owed to fellow subsidiaries	929,757		1,460,744
Taxation and social security	178,376		138,494
Other creditors	102,038		24,082
	1,220,149		1,643,031

7. Creditors: amounts falling due after more than one year

	31.10.2025		31.10.2024
	£		£
Bank loans	0		10,000
Other creditors	91,666		0
	91,666		10,000

8. Related party transactions

At the year end the company was owed £26,200 from Oracle Investments (UK) Limited and £236,667 from Nationwide Capital Finance Limited, companies under common control.