ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 14416171

GW GLOBAL INSIGHTS BIDCO LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

GW GLOBAL INSIGHTS BIDCO LIMITED

REGISTERED NUMBER:14416171

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		12,145,299		12,145,299
			12,145,299		12,145,299
Current assets
Debtors: amounts falling due within one year	6	569,312		480,640
Cash at bank and in hand	7	15,997		74,128
		585,309		554,768
Creditors: amounts falling due within one year	8	(12,816,316)		(9,852,979)
Net current liabilities			(12,231,007)		(9,298,211)
Total assets less current liabilities			(85,708)		2,847,088
Creditors: amounts falling due after more than one year	9		-		(2,550,000)

Net (liabilities)/assets			(85,708)		297,088

Capital and reserves
Called up share capital	11	10,000	10,000
Share premium account		85,501	85,501
Profit and loss account		(181,209)	201,587
		(85,708)	297,088

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Martyn Hammond

Director

Date: 12 May 2026

The notes on pages 2 to 7 form part of these financial statements.

Page 1

GW GLOBAL INSIGHTS BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

GW Global Insights Bidco Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 14416171. The registered office is Trevithick House, Trevissome Park, Blackwater, Truro, England, TR4 8UN.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

GOING CONCERN

The financial statements have been prepared on the going concern basis as the directors have prepared detailed budgets for a period of 12 months from the date of signing the accounts which show that the Company is expected to be able to meet all its liabilities as they fall due.

2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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GW GLOBAL INSIGHTS BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

FINANCIAL INSTRUMENTS

Classification
Financial assets are classified into basic or other financial assets. Financial liabilities are classified into either basic or other financial liabilities. These classifications depend on certain criteria determined at the time of recognition.

The company holds only basic financial instruments.

Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

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GW GLOBAL INSIGHTS BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.10

FINANCIAL INSTRUMENTS (CONTINUED)

Basic financial assets, which include trade and other debtors, 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 initially measured at the present value of the future receipts discounted at a market rate of interest and subsequently held at amortised cost.

Basic financial liabilities, including trade and other payables are initially measured 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 the market rate of interest. They are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate discounts estimated future cash payments through the expected life of the financial liability to the net carrying amount on initial recognition.

Impairment
Basic financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

EMPLOYEES

The average number of employees, including Directors, during the year was 5 (2024:5).

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GW GLOBAL INSIGHTS BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	COST OR VALUATION
	At 1 January 2025	12,145,299
	At 31 December 2025	12,145,299

5.	SUBSIDIARY UNDERTAKING
	DIRECT SUBSIDIARY UNDERTAKING
	The following was a subsidiary undertaking of the Company:
	Name	Registered office	Class of shares	Holding

Gasworld.com Limited

Trevithick House Trevissome Park, Blackwater, Truro, Cornwall, TR4 8UN

Ordinary

100%

DEBTORS

					2025	2024
					£	£


Trade debtors	-	36,716
Amounts owed by group undertakings	443,674	443,674
Other debtors	28,138	250
Prepayments and accrued income	97,500	-
	569,312	480,640

7.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

	Cash at bank and in hand	15,997	74,128

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GW GLOBAL INSIGHTS BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Bank loans	2,550,000	300,000
Intercompany loan	8,079,289	8,077,091
Trade creditors	48,627	1,831
Amounts owed to group undertakings	2,113,360	1,462,194
Other taxation and social security	-	232
Other creditors	25,040	11,631
	12,816,316	9,852,979

9.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

	Bank loans	-	2,550,000

AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans	2,550,000	300,000
Intercompany loan	8,079,289	8,077,091
	10,629,289	8,377,091

AMOUNTS FALLING DUE 2-5 YEARS
Bank loans	-	2,550,000

	10,629,289	10,927,091

As a result of a covenant breach and reservation of rights from the bank, the full balance of the loan has been classified as due within one year.

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GW GLOBAL INSIGHTS BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

1,000,000 (2024: 1,000,000) A Ordinary shares of £0.01 each	10,000	10,000

12.

RELATED PARTY TRANSACTIONS

As the Company is a wholly owned subsidiary of GW Global Insights Midco Limited, the Company has taken advantage of the exemption within FRS102 (section 33.12A) not to disclose transactions or balances with entities which form part of the Group. The Group accounts of GW Global Insights Topco Limited, within which the Company's results are included, are filed at the Registrar of Companies, Companies House Crown Way, Cardiff, CF14 3UZ.

13.	CONTROLLING PARTY

The Company is owned and controlled by GW Global Insights Midco Limited, which was incorporated in the United Kingdom in October 2022.

14.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 12 May 2026 by Nicola Cornish BSc BFP FCA CTA (Senior statutory auditor) on behalf of PKF Francis Clark.

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