Caseware UK (AP4) 2025.0.111 2025.0.111 2025-08-31 2026-05-07 2026-05-11 2025-08-31 2026-05-07 false 0 2024-09-01 The principal activity of the Company is to act as a holding Company.0 true false SC191991 2024-09-01 2025-08-31 SC191991 2023-09-01 2024-08-31 SC191991 2025-08-31 SC191991 2024-08-31 SC191991 2023-09-01 SC191991 c:CompanySecretary1 2024-09-01 2025-08-31 SC191991 c:Director2 2024-09-01 2025-08-31 SC191991 c:Director2 2025-08-31 SC191991 c:Director3 2024-09-01 2025-08-31 SC191991 c:Director4 2024-09-01 2025-08-31 SC191991 c:Director5 2024-09-01 2025-08-31 SC191991 c:RegisteredOffice 2024-09-01 2025-08-31 SC191991 d:CurrentFinancialInstruments 2025-08-31 SC191991 d:CurrentFinancialInstruments 2024-08-31 SC191991 d:Non-currentFinancialInstruments 2025-08-31 SC191991 d:Non-currentFinancialInstruments 2024-08-31 SC191991 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 SC191991 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC191991 d:UKTax 2024-09-01 2025-08-31 SC191991 d:UKTax 2023-09-01 2024-08-31 SC191991 d:ShareCapital 2025-08-31 SC191991 d:ShareCapital 2024-08-31 SC191991 d:ShareCapital 2023-09-01 SC191991 d:SharePremium 2025-08-31 SC191991 d:SharePremium 2024-08-31 SC191991 d:SharePremium 2023-09-01 SC191991 d:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 SC191991 d:RetainedEarningsAccumulatedLosses 2025-08-31 SC191991 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 SC191991 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC191991 d:RetainedEarningsAccumulatedLosses 2023-09-01 SC191991 c:OrdinaryShareClass1 2024-09-01 2025-08-31 SC191991 c:OrdinaryShareClass1 2025-08-31 SC191991 c:OrdinaryShareClass1 2024-08-31 SC191991 c:FRS101 2024-09-01 2025-08-31 SC191991 c:Audited 2024-09-01 2025-08-31 SC191991 c:FullAccounts 2024-09-01 2025-08-31 SC191991 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC191991 d:Subsidiary1 2024-09-01 2025-08-31 SC191991 d:Subsidiary1 1 2024-09-01 2025-08-31 SC191991 2 2024-09-01 2025-08-31 SC191991 6 2024-09-01 2025-08-31 SC191991 d:JointVenture1 2024-09-01 2025-08-31 SC191991 d:JointVenture1 1 2024-09-01 2025-08-31 SC191991 e:PoundSterling 2024-09-01 2025-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC191991 SODEXO REMOTE SITES HOLDINGS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
SODEXO REMOTE SITES HOLDINGS LIMITED
COMPANY INFORMATION
Directors | Jean Renton
| Amolak Dhariwal
| Paul Anstey
Company secretary | Sodexo Corporate Services (No. 2) Limited
Registered number | SC191991
Registered office | Neo Space, Riverside Drive,
| Aberdeen
| Scotland
| AB11 7LH
Independent auditor | Forvis Mazars LLP
| Chartered Accountants and Statutory Auditor
| 30 Old Bailey
| London
| EC4M 7AU
SODEXO REMOTE SITES HOLDINGS LIMITED
CONTENTS
| Page(s)
Strategic Report | 1
Directors' Report | 2 - 3
Directors' Responsibilities Statement | 4
Independent Auditor's Report | 5 - 8
Statement of Comprehensive Income | 9
Statement of Financial Position | 10
Statement of Changes in Equity | 11
Notes to the Financial Statements | 12 - 25
SODEXO REMOTE SITES HOLDINGS LIMITED
STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The directors present their Strategic Report and audited financial statements for the year ended 31 August 2025.
Principal activity
The principal activity of Sodexo Remote Sites Holdings Limited ("the Company") is to act as a holding company.
Performance of the business
As shown in the Statement of Comprehensive Income, the Company’s profit after taxation for the year ended 31 August 2025 amounted to £1,461,000 (2024: £645,000). The Statement of Financial Position shows that the Company has net assets of £32,004,000 as at 31 August 2025 (2024: £31,543,000). Dividends totalling £1,000,000 were declared and paid during the year (2024: £10,000,000).
Future developments
The Company’s principal activity continues to be that of a holding company and no future developments are expected.
Principal risks and uncertainties
Credit risk and liquidity risk The Company’s principal financial risk exposure is to a level of credit risk associated with its intercompany debtors, which the directors consider to be normal. The directors consider that no significant credit risk arises from such balances as they are supported by the wider group. The Company forms a part of the Sodexo UK and Ireland group of companies, together the “UK&I Group”. The UK&I Group utilise a cash pooling facility that the Company can utilise and the directors consider that this mitigates the liquidity risk. This report was approved by the board and signed on its behalf.
Amolak Dhariwal Director
Date: 7 May 2026
Page 1
SODEXO REMOTE SITES HOLDINGS LIMITED
DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The directors present their report and the financial statements for the year ended 31 August 2025.
Matters covered in the Strategic Report
As permitted by paragraph 1A of Schedule 7 to the Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008 certain matters which are required to be disclosed in the Directors' Report have been omitted as they are included in the Strategic Report on page 1. These matters relate to the performance of the business, future developments and principal risks and uncertainties as required by the Companies Act 2006.
Directors
The directors who served during the year were:
Sean Haley (resigned 31 December 2024)
Jean Renton
On 29 January 2026, Amolak Dhariwal was appointed as a director of the Company. On 16 March 2026, Paul Anstey was appointed as a director of the Company.
Political contributions
The Company made no political donations or incurred any political expenditure during the year (2024: £Nil).
Going concern
The financial statements have been prepared on a going concern basis, which the directors consider appropriate for the following reasons: The Company is part of the Sodexo UK and Ireland group of companies (the “UK&I Group”), which in turn forms part of the wider Sodexo Group, headed by Sodexo S.A., a company incorporated in France. The UK&I Group’s principal activities include the provision of facilities management and catering services across various sectors such as government, healthcare, corporate services, sports and leisure and education. Accordingly, the Company’s cash flows are influenced by the continuity, volume, and pricing of these operations. The Company meets its day-to-day working capital requirements through operational cash flows and intercompany loan arrangements within the UK&I Group. The UK&I Group has demonstrated resilience in the face of economic challenges. This has been achieved through disciplined cash and balance sheet management, strong contract retention, a diversified client base across both public and private sectors, and robust inflation management processes. Furthermore, the UK&I Group continues to pursue organic growth opportunities, with several new contracts in the pipeline. Nonetheless, it remains vigilant and prepared for potential macroeconomic changes through sound commercial management and prudent cost control. In determining the appropriateness of the going concern basis, the directors have reviewed cash flow and profit forecasts for the UK&I Group covering a period of at least 12 months from the date of approval of these financial statements. These forecasts incorporate a severe but plausible downside scenario, which assumes a deterioration in gross margin due to operational challenges, a reduction in revenue from non-renewal of key contracts, and under-recovery of inflation. In addition, this scenario does not factor in any mitigating actions that management could implement. Even under these conditions, the forecasts indicate that the UK&I Group would remain resilient. Page 2
SODEXO REMOTE SITES HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Going concern (continued)
Furthermore, Sodexo S.A., which currently holds a Baa1 credit rating from Moody’s Investors Service, has confirmed through a letter of support its intention to continue providing financial resources as the Company may require during the going concern assessment period. As is the case for any entity that relies on intragroup financial support, the directors acknowledge that this support cannot be guaranteed indefinitely. However, at the date of approval of these financial statements, the directors have no reason to believe that such support will not continue. Based on this assessment, the directors are confident that the Company will have sufficient resources to meet its obligations as they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on a going concern basis.
Qualifying third-party indemnity provisions
Qualifying indemnity insurance was in place for the directors during the year which was also in force at the date of this report.
Disclosure of information to auditor
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware; and ∙that director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
Post balance sheet events
There have been no significant events affecting the Company since the year end.
Auditor
The auditor, Forvis Mazars LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
Amolak Dhariwal Director
Date: 7 May 2026
Neo Space, Riverside Drive,
Aberdeen
Scotland
AB11 7LH
Page 3
SODEXO REMOTE SITES HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law, directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
SODEXO REMOTE SITES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SODEXO REMOTE SITES HOLDINGS LIMITED Opinion We have audited the financial statements of Sodexo Remote Sites Holdings Limited (“the Company”) for the year ended 31 August 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including a summary of material accounting policy information. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 101 “Reduced Disclosure Framework" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 August 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the “Auditor’s responsibilities for the audit of the financial statements” section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 5
SODEXO REMOTE SITES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SODEXO REMOTE SITES HOLDINGS LIMITED (CONTINUED) Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or Directors' Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for audit. Page 6
SODEXO REMOTE SITES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SODEXO REMOTE SITES HOLDINGS LIMITED (CONTINUED) Responsibilities of the directors As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditor’s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the Company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: anti-money laundering regulation. To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to: ∙Inquiring of management and, where appropriate, those charged with governance, as to whether the Company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations; ∙Inspecting correspondence, if any, with relevant licensing or regulatory authorities; ∙Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and ∙Considering the risk of acts by the Company which were contrary to applicable laws and regulations, including fraud. We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation and the Companies Act 2006. In addition, we evaluated the directors' and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to: posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. Page 7
SODEXO REMOTE SITES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SODEXO REMOTE SITES HOLDINGS LIMITED (CONTINUED) Our audit procedures in relation to fraud included but were not limited to: ∙Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud; ∙Gaining an understanding of the internal controls established to mitigate risks related to fraud; ∙Discussing amongst the engagement team the risks of fraud; and ∙Addressing the risks of fraud through management override of controls by performing journal entry testing. There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of the audit report This report is made solely to the Company’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body for our audit work, for this report, or for the opinions we have formed. Richard Karmel (Senior Statutory Auditor) for and on behalf of Forvis Mazars LLP Chartered Accountants and Statutory Auditor 30 Old Bailey London EC4M 7AU 11 May 2026 Page 8
SODEXO REMOTE SITES HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 | 2024
Note | £ | £000
Administrative expenses |  | (25) | (10)
Other operating expenses | 4 | (97) | (140)
Operating loss |  | (122) | (150)
Income from fixed asset investments | 7 | 1,000 | -
Interest receivable and similar income | 8 | 999 | 1,213
Interest payable and similar expenses | 9 | (230) | (156)
Profit before tax |  | 1,647 | 907
Tax on profit | 10 | (186) | (262)
Profit for the financial year |  | 1,461 | 645
There was no other comprehensive income for 2025 (2024: £NIL).
The notes on pages 12 to 25 form part of these financial statements.
All amounts relate to continuing operations.
Page 9
SODEXO REMOTE SITES HOLDINGS LIMITED REGISTERED NUMBER:SC191991
STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £000 |  | £000
Fixed assets |  |  |  |  |
Investments in subsidiaries and joint ventures | 11 |  | 2,673 |  | 2,673
|  |  | 2,673 |  | 2,673
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 12 | 23,931 |  | 22,929 |
Debtors: amounts falling due within one year | 12 | 6,800 |  | 11,018 |
Cash at bank and in hand |  | - |  | 36 |
|  | 30,731 |  | 33,983 |
Creditors: amounts falling due within one year | 13 | (1,400) |  | (5,113) |
Net current assets |  |  | 29,331 |  | 28,870
Net assets |  |  | 32,004 |  | 31,543
Capital and reserves |  |  |  |  |
Called up share capital | 14 |  | 100 |  | 100
Share premium account |  |  | 4,500 |  | 4,500
Profit and loss account |  |  | 27,404 |  | 26,943
|  |  | 32,004 |  | 31,543
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Amolak Dhariwal
Director
Date: 7 May 2026
The notes on pages 12 to 25 form part of these financial statements. Page 10
SODEXO REMOTE SITES HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £000 | £000 | £000 | £000
At 1 September 2023 | 100 | 4,500 | 36,298 | 40,898
Profit for the year | - | - | 645 | 645
Dividends | - | - | (10,000) | (10,000)
At 1 September 2024 | 100 | 4,500 | 26,943 | 31,543
Profit for the year | - | - | 1,461 | 1,461
Dividends | - | - | (1,000) | (1,000)
At 31 August 2025 | 100 | 4,500 | 27,404 | 32,004
| The notes on pages 12 to 25 form part of these financial statements.
Page 11
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Sodexo Remote Sites Holdings Limited, a private company limited by shares, registered in Scotland. The Company’s registered number is SC191991 and its registered office is Neo Space, Riverside Drive, Aberdeen, Scotland AB11 7LH. 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 Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006. The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The presentational and functional currency of the financial statements is pound Sterling (£). All amounts are rounded to the nearest £1,000. Page 12
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.2 | Financial Reporting Standard 101 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions under FRS 101: ∙the requirements of IFRS 7 Financial Instruments: Disclosures; ∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement; ∙the requirements of IAS 7 Statement of Cash Flows; ∙the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors; ∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures; ∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member; and ∙the requirements of IAS12 Income Taxes, paragraph 12.88B. The Company is exempt by virtue of s401 of the Companies Act 2006 from the requirement to prepare group financial statements. These financial statements present information about the Company as an individual undertaking and not about its group. The Company’s ultimate parent undertaking, Sodexo S.A., a company incorporated in France, includes the Company in its consolidated financial statements. The consolidated financial statements of Sodexo S.A. are prepared in accordance with International Financial Reporting Standards and are available to the public and may be obtained from The Secretary, Sodexo S.A., 255 quai de la Bataille de Stalingrad, 92130 Issy les Moulineaux, France. As the consolidated financial statements of Sodexo S.A., include the disclosures equivalent to those required by FRS101, the Company has also taken the exemptions available in respect of the following disclosures: ∙the requirements of paragraph 4(a) of IFRS10 Consolidated Financial Statements and the Company has elected not to prepare consolidated financial statements. The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements. Page 13
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.3 | Impact of new international reporting standards, amendments and interpretations
Standards, amendments and interpretations adopted in the current financial year ended 31 August 2025. The adoption of the following mentioned standards, amendments and interpretations in the current year have not had a material impact on the Company’s financial statements: UK adopted and EU Endorsed- Periods beginning on or after 1 January 2024 -IFRS 16 Leases (Amendment): Lease Liability in a Sale and Leaseback -IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments Disclosures (Amendment): Supplier Finance Arrangements -IAS 1 Presentation of Financial Statements (Amendment): Classification of Liabilities as Current or Non-current and Classification of Non-current Liabilities with Covenants. The accounting policies which follow set out those policies which were applied in preparing the financial statements for the year ended 31 August 2025. Standards, amendments and interpretations in issue but not yet effective The adoption of the following mentioned standards, amendments and interpretations in future years are not expected to have a material impact on the Company’s financial statements: UK adopted and EU endorsed - periods beginning on or after 1 January 2025 -IAS 21 The Effects of Changes in Foreign Exchange Rates (Amendment): Lack of Exchangeability UK adopted and EU endorsed - periods beginning on or after 1 January 2026 -IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendment): Classification and Measurement of Financial Instruments - Annual Improvements to IFRS Accounting Standards - Volume 11 • IFRS 1 – First-time Adoption of International Financial Reporting Standards • IFRS 7 – Financial Instruments: Disclosures • IFRS 9 – Financial Instruments • IFRS 10 – Consolidated Financial Statements • IAS 7 – Statement of Cash Flows Subject to UK adoption and EU endorsement - periods beginning on or after 1 January 2027 - IFRS 18 Presentation and Disclosure in Financial Statements - IFRS 19 Subsidiaries without Public Accountability: Disclosures - IFRS 19 Subsidiaries without Public Accountability: Disclosures (Amendments) New accounting standards and interpretations The Company applied the same standards, interpretations and accounting policies in 2025 as applied in its financial statements for the year ended 31 August 2024, except for changes required to meet new IFRS requirements applicable from 1 January 2024. Page 14
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.4 | Going concern
The financial statements have been prepared on a going concern basis, which the directors consider appropriate for the following reasons: The Company is part of the Sodexo UK and Ireland group of companies (the “UK&I Group”), which in turn forms part of the wider Sodexo Group, headed by Sodexo S.A., a company incorporated in France. The UK&I Group’s principal activities include the provision of facilities management and catering services across various sectors such as government, healthcare, corporate services, sports and leisure and education. Accordingly, the Company’s cash flows are influenced by the continuity, volume, and pricing of these operations. The Company meets its day-to-day working capital requirements through operational cash flows and intercompany loan arrangements within the UK&I Group. The UK&I Group has demonstrated resilience in the face of economic challenges. This has been achieved through disciplined cash and balance sheet management, strong contract retention, a diversified client base across both public and private sectors, and robust inflation management processes. Furthermore, the UK&I Group continues to pursue organic growth opportunities, with several new contracts in the pipeline. Nonetheless, it remains vigilant and prepared for potential macroeconomic changes through sound commercial management and prudent cost control. In determining the appropriateness of the going concern basis, the directors have reviewed cash flow and profit forecasts for the UK&I Group covering a period of at least 12 months from the date of approval of these financial statements. These forecasts incorporate a severe but plausible downside scenario, which assumes a deterioration in gross margin due to operational challenges, a reduction in revenue from non-renewal of key contracts, and under-recovery of inflation. In addition, this scenario does not factor in any mitigating actions that management could implement. Even under these conditions, the forecasts indicate that the UK&I Group would remain resilient. Furthermore, Sodexo S.A., which currently holds a Baa1 credit rating from Moody’s Investors Service, has confirmed through a letter of support its intention to continue providing financial resources as the Company may require during the going concern assessment period. As is the case for any entity that relies on intragroup financial support, the directors acknowledge that this support cannot be guaranteed indefinitely. However, at the date of approval of these financial statements, the directors have no reason to believe that such support will not continue. Based on this assessment, the directors are confident that the Company will have sufficient resources to meet its obligations as they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on a going concern basis. Page 15
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.5 | Foreign currency translation
Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income. All other foreign exchange gains and losses are presented in Statement of Comprehensive Income within 'other operating expenses'
| 2.6 | Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to the Statement of Comprehensive Income 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. Page 16
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.8 | Taxation
Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: the initial recognition of goodwill; the initial recognition of assets or liabilities that affect neither accounting nor taxable profit other than in a business combination, and differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date. A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilised.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | Joint ventures
Where the Company holds an interest on a long-term basis and jointly controls an entity under a contractual arrangement and does not consolidate its financial statements, it accounts for the interest as a joint venture. Joint control is established when decisions about the relevant activities of the entity require unanimous consent of the parties sharing control. The joint venture is measured at cost less any impairment, from the date on which the contractual agreements stipulating joint control are finalised and are derecognised when joint control ceases. Page 17
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.
| 2.12 | 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.
| 2.13 | 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. Page 18
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.14 | Non-derivative financial instruments
Non-derivative financial instruments comprise investments in equity and debt securities, trade and other debtors, cash and cash equivalents, loans and borrowings, and trade and other creditors.
| 2.15 | Creditors
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.
| 2.16 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
| 2.17 | Impairment of assets
At each reporting date, the Company reviews the carrying value of its investments to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset, for which the estimates of future cash flows have not been adjusted. Any resulting changes are recognised in the Statement of Comprehensive Income in the period to which they relate. Page 19
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
3. | Judgements in applying accounting policies 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 amounts of assets and liabilities that are not readily apparent from other sources. These estimates and 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 if the revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods. The estimates and judgements that have the most material impact on the financial performance and position of the Company are as follows: (i) Impairment of investments in subsidiary undertakings Impairment is made where there is a permanent diminution in value of the investment in subsidiary undertakings. This impairment assessment requires management judgement in calculating the future profitability of the subsidiary undertakings and an impairment is made where circumstances exist that indicate there is a permanent diminution of the investment value. Management carries out an impairment assessment where there are indicators, such as losses or changes in market conditions, that an impairment may be required. (ii) Investments in joint ventures The Company has contractual restrictions on the distribution of the net assets of the joint venture. A minimum of 10% of the joint venture’s reserves must be maintained in order to maintain the operations and the liquidity of the entity. Management of the joint venture assess, on an annual basis, the future operating cash flows of the entity and the working capital requirements to determine the distributable reserves available to the joint ventures. Only upon approval by the jointly controlled board of directors can any distribution be made by the joint venture.
4. | Other operating expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Foreign exchange losses | 97 | 140
5. | Auditor's remuneration
| Fees payable to the Company's auditor for the audit of the Company's financial statements | 16 | 13
Page 20
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024: £NIL).
7. | Income from fixed asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Dividend received from subsidiaries | 1,000 | -
|  | 1,000 | -
8. | Interest receivable and similar income
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Interest receivable from group undertakings | 999 | 1,139
| Bank interest receivable | - | 74
|  | 999 | 1,213
9. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Other interest payable | - | 156
| Interest payable to group undertakings | 230 | -
|  | 230 | 156
Page 21
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
10. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Corporation tax |  |
| Current tax on profits for the year | 186 | 262
| Total current tax | 186 | 262
| Taxation on profit | 186 | 262
| Factors affecting tax charge for the year
| The Company is a member of the Sodexo S.A. Group which is expected to be a multinational enterprise ("MNE") within the scope of Pillar Two. The Group has carried out preliminary work and does not anticipate any significant impact from this measure in the UK. As at 31 August 2025, no deferred tax has been recognised in application of the amendment to IAS 12 concerning the mandatory exemption from recognition of deferred tax in the financial statements in relation to Pillar Two income tax. The total tax charge is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25% (2024: 25%).The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Profit on ordinary activities before tax | 1,648 | 907
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024: 25%) | 412 | 227
| Effects of: |  |
| Income not subject to tax | (250) | -
| Expenses not deductible for tax purposes | 24 | 35
| Total tax charge for the year | 186 | 262
Page 22
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. | Investments
|  | Investments in subsidiary companies | Investment in joint ventures | Total
|  | £000 | £000 | £000
| Cost |  |  |
| At 1 September 2024 | 2,522 | 151 | 2,673
| At 31 August 2025 | 2,522 | 151 | 2,673
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Class of shares | Holding
| Sodexo Remote Sites Scotland Limited | Neo Space, Riverside Drive, Aberdeen, Scotland, AB11 7LH, United Kingdom | Ordinary | 100%
| Joint venture
| The following was a joint venture of the Company:
| Name | Registered office | Holding
| Kelvin Catering Services & Facilities Management Emirates L.L.C. | Tower, Salam street, Beside Abu Dhabi Municipality, 14th Floor, Flat no 1401, P.O. Box 3210, Abu Dhabi, United Arab Emirates | 49%
| The Company holds one class of ordinary share in the joint venture and each share carries one voting right per share. The joint venture only has one class of share, and each share carries one voting right per share.
Page 23
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Amounts falling due after more than one year |  |
| Amounts owed by group undertakings | 23,931 | 22,929
|  | 23,931 | 22,929
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Amounts falling due within one year |  |
| Amounts owed by group undertakings | 6,800 | 6,801
| Other debtors | - | 4,217
|  | 6,800 | 11,018
| Included within amounts owed by group undertakings is a total of £23,931,000 (2024: £22,929,000) of intercompany loans repayable in October 2026 on which interest is charged at a rate of 0.5% + Bank of England base rate. Other amounts owed by group undertakings are interest free, unsecured and have no specific repayment date.
13. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Amounts owed to group undertakings | 926 | 4,500
| Corporation tax | 448 | 475
| Other creditors | 26 | 138
|  | 1,400 | 5,113
| Amounts owed to group undertakings are repayable on demand and unsecured. It also includes amounts related to cash pooling facility, repayable on demand and interest bearing at variable rates.
Page 24
SODEXO REMOTE SITES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
|  | Allotted, called up and fully paid |  |
|  | 100,000 (2024: 100,000) Ordinary shares of £1 each | 100 | 100
| The Company has one class of ordinary share and each share carries one voting right per share, but no right to fixed income.
15. | Reserves
Share premium account This reserve represents the premium on shares issued over the nominal value. Profit and loss account This reserve represents the cumulative profits and losses of the Company.
16. | Related party transactions
| The Company has taken advantage of the exemption under paragraph 8(k) of FRS 101 not to disclose transactions with fellow wholly owned subsidiaries. The Company has received £4,217,000 from Kelvin Catering Services & Facilities Management Emirates L.L.C. during the year in relation to the payment of dividends from prior years (2024: £Nil).
17. | Controlling party
There is joint ownership of the shares of the Company by Sodexo Remote Sites Support Services Limited (55%), a company registered in Scotland and Sodexo S.A. (45%), a company incorporated in France. The Company’s ultimate parent undertaking and controlling party is Sodexo S.A., a Company incorporated in France. This is the smallest group of undertakings for which consolidated financial statements are prepared. Copies of the consolidated financial statements can be obtained from The Secretary, Sodexo S.A., 255 Quai de la Bataille de Stalingrad, 92130 Issy-Les-Moulineaux, France.
Page 25