Inelsa UK Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08598758

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		316,763		316,763

			316,763		316,763
CURRENT ASSETS
Debtors	6	53,642		52,590
Cash at bank and in hand		1,404		1,524

		55,046		54,114
Creditors: Amounts Falling Due Within One Year	7	(148,733 )		(140,131 )

NET CURRENT ASSETS (LIABILITIES)			(93,687 )		(86,017 )

TOTAL ASSETS LESS CURRENT LIABILITIES			223,076		230,746

Creditors: Amounts Falling Due After More Than One Year	8		(60,119 )		(60,119 )

NET ASSETS			162,957		170,627

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			161,957		169,627

SHAREHOLDERS' FUNDS			162,957		170,627

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Inelsa UK Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Miguez Magdalena Veronica

Director

25/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Inelsa UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08598758 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	fully depreciated
Office Equipment	fully depreciated

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Inelsa UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery	Office Equipment	Total
	£	£	£
Cost
As at 1 January 2025	10,848	919	11,767

As at 31 December 2025	10,848	919	11,767

Depreciation
As at 1 January 2025	10,848	919	11,767

As at 31 December 2025	10,848	919	11,767

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	-	-

5. Investments

	Listed
	£
Cost or Valuation
As at 1 January 2025	316,763

As at 31 December 2025	316,763

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	316,763

As at 1 January 2025	316,763

Investments represents:

(a) 308,000 shares in Inelsa Chile SPA for the value of 1000 Chilean pesos each(Total share value in GBP, £316,005.68).

(b) 249 shares in Inelsa Honduras for the value of 100 lempiras each(Total share value in GBP, £757.42).

6. Debtors

	2025	2024
	£	£
Due within one year
CIS Debtors	23,905	23,905
Deposit	27,925	27,925
VAT	1,812	760

	53,642	52,590

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Inelsa UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	83,007	78,196
Corporation tax	(80 )	(80 )
Loan - Electricas Sanxenxo	3,977	3,977
Share Investment Creditors - inelsa	757	757
AIOS Loan	12,441	9,737
Directors' loan accounts	48,631	47,544

	148,733	140,131

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Share Investment Long Term Creditors - Inelsa Chile	60,119	60,119

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Miguez Magdalena Veronica	47,544	1,087	-	-	48,631

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

As at 31st December 2025, the Company owed the Director £48,631(2024:£47,544) which is included under Other Creditors falling due within one year.

Veronica Miguez Magdalena is a shareholder of AIOS G¡roup Limited, which owns 100% shares of Inelsa UK Ltd and a Senior employee of Grupo Hedomin SL. Grupo Hedomin SL owns 91% shares of AIOS Grup Limited which is controlled by three brothers and one of them is a husband to Veronica Miguez Magdalena. Grupo Hedomin SL is a shareholder of both Inelsa Electricade and Inelsa Instalaciones. Inelsa UK Ltd owns shares in Inelsa Chile SPA and Inelsa Honduras, S.A.

During the year to 31/12/2025 the following related party transactions took place:

AIOS Group Limited rendered services to Inelsa UK Ltd amounting to £4,714 (2024:£4,684); At the year end, AIOS Group Limited owed Inelsa UK Ltd £20,731 (2024:£16,017) included in note no. 7.

At the year ended 31/12/2025 the outstanding loan to AIOS Group Limited is £12,441 (2024: 9,737) included in note no. 7.

12. Ultimate Controlling Party

The company's ultimate controlling party is Aios Group Limited by virtue of his ownership of 75% or more of the issued share capital in the company.

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