REGISTERED NUMBER: 11084838 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Group Nivelles Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B L M Nivelles

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

Westwood House

Annie Med Lane

South Cave

East Yorkshire

HU15 2HG

REGISTERED NUMBER:

11084838 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

224

380

CURRENT ASSETS

Debtors

5

79,107

60,981

Cash at bank

17,580

11,702

96,687

72,683

CREDITORS

Amounts falling due within one year

6

79,738

126,798

NET CURRENT ASSETS/(LIABILITIES)

16,949

(54,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,173

(53,735

)

CAPITAL AND RESERVES

Called up share capital

7

75,000

75,000

Retained earnings

8

(57,827

)

(128,735

)

SHAREHOLDERS' FUNDS

17,173

(53,735

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 April 2026 and were signed by:

B L M Nivelles - Director

1.	STATUTORY INFORMATION

Group Nivelles Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The company is reliant on the financial support of its parent company Victor BV and Group Nivelles NV. The directors of Victor BV and Group Nivelles NV have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point of delivery of the goods to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

1,743

DEPRECIATION

At 1 January 2025

1,363

Charge for year

156

At 31 December 2025

1,519

NET BOOK VALUE

At 31 December 2025

224

At 31 December 2024

380

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

78,034

49,132

Other debtors

1,073

11,849

79,107

60,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

60,264

114,829

Taxation and social security

16,799

9,434

Other creditors

2,675

2,535

79,738

126,798

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75,000

Ordinary

£1

75,000

75,000

8.

RESERVES

Retained

earnings

£

At 1 January 2025

(128,735

)

Profit for the year

70,908

At 31 December 2025

(57,827

)

9.	RELATED PARTY DISCLOSURES

During the period the company made purchases of goods and services on normal commercial terms from Group Nivelles NV totalling £173,876 (2024 - £227,133). At the balance sheet date an amount of £60,264 (2024 - £113,874) was due to Group Nivelles NV.

During the period the company provided services on normal commercial terms to Group Nivelles NV totalling £14,253 (2024 - £6,424). At the balance sheet date an amount of £27,145 (2024 - £12,892) was due from Group Nivelles NV.

During the period the company received management services from Victor NV totalling £2,926 (2024 - £2,910).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B L M Nivelles.