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Registered number: 16394568
SIGLA HOLDING LTD
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2025
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SIGLA HOLDING LTD
COMPANY INFORMATION
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Karl Fritz Geisel (appointed 17 April 2025)
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Christian Wilhelm Walter Harnischfeger (appointed 17 April 2025)
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Mark-Philipp Lesjak (appointed 17 April 2025)
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Johan Pedersson Lilliehook (appointed 17 April 2025)
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Jan Jimmy Renstroem (appointed 7 October 2025)
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Jon Mats Henrik Jonsson (appointed 17 April 2025, resigned 7 October 2025)
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Ecovis Wingrave Yeats LLP
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Chartered Accountants & Statutory Auditor
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3rd Floor, Waverley House
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SIGLA HOLDING LTD
CONTENTS
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Statement of Changes in Equity
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Notes to the Financial Statements
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SIGLA HOLDING LTD
REGISTERED NUMBER: 16394568
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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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 comprehensive income 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 on 15 May 2026.
The notes on pages 3 to 9 form part of these financial statements.
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SIGLA HOLDING LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Shares issued during the period
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The notes on pages 3 to 9 form part of these financial statements.
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Sigla Holding Limited (the "Company") is a private company limited by shares, incorporated and registered in England and Wales under registration number 16394568. The registered address is One St Peter's Square, Manchester, United Kingdom, M2 3DE.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company was incorporated in April 2025 and adopted 31 December as its first accounting reference date. As a result, the financial statements cover the period from incorporation to 31 December 2025, which is shorter than a full financial year.
These financial statements have been prepared on the going concern basis. For the period ended 31 December 2025, the Company reported a loss after tax of £23,772. At the reporting date, the Company had net liabilities of £13,773, including intercompany liabilities of £211,539. The Group has confirmed that it has commited to a level of funding that will be sufficient to take the Company through the next 12 months that these balances will not be recalled for at least 12 months from the date of approval of these financial statements.
Based on the above and after considering the Company’s forecasts and future expected cashflows, the Directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
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.
Interest income is recognised in profit or loss using the effective interest method.
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
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Cash and cash equivalents
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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.
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.
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company
operates and generates income.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Judgments in applying accounting policies and key sources of estimation uncertainty
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Intercompany loan
The Company has an intercompany loan with interest charged at 5%. The accounting standards stipulate that the loans should be recorded on initial recognition at the present value of the future payments discounted at a market rate of interest for a similar instrument, adjusted for transaction costs. The directors have considered this and there are a number of factors which would impact the Company’s ability to obtain similar debt instruments, including but not limited to the Company has been in operation for a short period of time and is still considered to be in its growth phase. As a result of the factors mentioned, the directors believe that it is unlikely that a third party would issue the Company with a comparable debt instrument. Consequently, the directors are unable to determine what an appropriate market rate of interest would be on a similar loan. Whilst the funding has been structured as a debt instrument, in practice, the funding is more akin to equity funding than debt funding. These circumstances are not envisaged in the accounting standards and no technical guidance has been issued to cover such a scenario. Given the lack of clarity on how to account for the aforementioned funding, the directors have recorded the funds advanced as a loan and made no market rate adjustment to the interest rates applied.
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The Company has - employees other than the directors, who did not receive any remuneration.
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
5.Taxation (continued)
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Factors affecting tax charge for the period
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The tax assessed for the period is the same as the standard rate of corporation tax in the UK of 25% as set out below:
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(Loss)/profit on ordinary activities before tax
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(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25%
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Total tax charge for the period
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Investments in subsidiary companies
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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The following were subsidiary undertakings of the Company:
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One St Peter's Square, Manchester, M2 3DE
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44 Avenue de la Gare, 1610 Luxembourg, Luxembourg
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Fund management and oversight
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Sigla Fund I (CIP) GP S.à r.l.
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44 Avenue de la Gare, 1610 Luxembourg, Luxembourg
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Fund management and oversight
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44 Avenue de la Gare, 1610 Luxembourg, Luxembourg
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44 Avenue de la Gare, 1610 Luxembourg, Luxembourg
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44 Avenue de la Gare, 1610 Luxembourg, Luxembourg
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Sigla Fund I InvestCo I S.à.r.l.*
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44 Avenue de la Gare, 1610 Luxembourg, Luxembourg
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Amounts owed by group undertakings
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Included within the amounts owed by group undertakings is an amount of £166,255, which is an unsecured loan, bearing interest of 5% per annum and has no fixed maturity date. The remaining balances owed by group undertakings are unsecured, interest free and repayable on demand.
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SIGLA HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due after more than one year
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Amounts owed to group undertakings
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Amounts owed to group undertakings are unsecured, bear interest of 5% per annum and shall be repaid by 26 May 2030.
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Allotted, called up and fully paid
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9,999 Ordinary Shares of £1.00 each
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On incorporation, the Company allotted and issued 9,999 ordinary shares of £1 each for cash consideration of £9,999. The shares were fully paid at the year end.
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Related party transactions
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Sigla Holding Ltd has taken the exemption under FRS 102, Section 33 Related Party Disclosures paragraph 33.1A, whereby the company is not required to disclose transactions between two or more members of a group, provided they are a wholly owned subsidiary.
During the period the Company received loan advances from a parent company totalling £206,633. The amount outstanding at year end is £210,705, when translated from SEK. Interest totalling £4,072 was charged on the loan in the period.
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Ultimate controlling party
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Sigla Holding Ltd is controlled by Nordstjernan Partnership Capital Aktiebolag, a company incorporated in Sweden, which holds 51% of the issued share capital of the Company. Its registered address is Stureplan 3, Stockholm, 103 75, Sweden. The ultimate controlling party of the Company is Axel och Margaret Ax:son Johnsons stiftelse för Allmännyttiga ändamål, a charitable foundation incorporated in Sweden. Its registered address is Stureplan, 3, 103 75 Stockholm, Sweden.
The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified.
The audit report was signed on 15 May 2026 by Michael Storey (Senior Statutory Auditor) on behalf of Ecovis Wingrave Yeats LLP.
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