REGISTERED NUMBER: 15734727 (England and Wales)

Financial Statements

for the Period 22 May 2024 to 31 May 2025

for

EW Investco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J N D Stelzer

REGISTERED OFFICE:

72 Welbeck Street

London

W1G 0AY

REGISTERED NUMBER:

15734727 (England and Wales)

FIXED ASSETS

Investments

4

4,206

CURRENT ASSETS

Debtors

5

7

Cash at bank

5

12

CREDITORS

Amounts falling due within one year

6

5,863

NET CURRENT LIABILITIES

(5,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,645

)

CAPITAL AND RESERVES

Called up share capital

7

10,007

Retained earnings

(11,652

)

SHAREHOLDERS' FUNDS

(1,645

)

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 May 2026 and were signed by:

J N D Stelzer - Director

1.	STATUTORY INFORMATION

EW Investco Limited 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.

Going concern

The financial statements have been prepared on a going concern basis, which assumes the Company will be able to meet its liabilities as and when they fall due for the foreseeable future. The director believes that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of its parent company Cain PE LLC. The director has received confirmation that Cain PE LLC intends to support the company for at least one year from the date of signing these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

A subsidiary is a company in which the company, direct or indirectly, controls more than half of its voting power or issued share capital or controls the composition of its board of directors. Investments in subsidiaries are stated at cost less provision, if necessary, for any permanent diminution in value. The results of the subsidiary are accounted for by the company on the basis of dividends received and receivable.

Investments in subsidiaries are reviewed annually for impairment. As the subsidiary Allbright Collective Ltd went into administration during the financial period ended 31 May 2025, the full value of the investment has been written off. The investment in the subsidiary Everywoman Ltd has also been tested for impairment and an impairment charge has been recognised.

Taxation

Taxation for the period 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 period 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.

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.

Cash

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.

Creditors

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

Financial instruments

The Company has elected to apply the provisions of Section 11 (Basic Financial Instruments) of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£'000

COST

Additions

14,871

Impairments

(10,665

)

At 31 May 2025

4,206

NET BOOK VALUE

At 31 May 2025

4,206

During the period, Allbright Collective Ltd, a former subsidiary, entered administration. The full cost of the investment was written off as an impairment charge in the period.

The company's subsidiary at the balance sheet date are the following:

Company name

Registered office

Nature of business

Class of shares held

% Held

Everywoman Limited

72 Welbeck Street,London, England,W1G 0AY

Provision of business support services,including training, events and digital resources to support women's career development

Ordinary

99.9%

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£'000

Other debtors

7

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£'000

Other loans

200

Amounts owed to group undertakings

5,663

5,863

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£'000

10,000,000

Ordinary shares

1

10,000

7,250

Growth shares

1

7

10,007

The following shares were allotted at par during the period:

10,000,000 Ordinary shares of 1 each

7,250 Growth shares of 1 each

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Powell (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

9.	CONTINGENT LIABILITIES

The company has guaranteed a bank overdraft of its subsidiary. At the period end this amounted to £337,752.

10.	RELATED PARTY DISCLOSURES

The company received advances from a member of the Cain PE LLC group totalling £4,205,068 during the period. The balance at the period end was £4,205,068. The balance does not attract interest and is repayable on demand.

The other loan of £200,000 was received from a member of key management personnel of a parent of the company. The loan is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The largest group in which results of the Company are consolidated is that headed by Eldridge Industries, LLC of 600 Steamboat Road, Greenwich, Connecticut, 06830, USA. The financial statements of these entities are not publicly available.