Silverfin false false 31/12/2025 01/01/2025 31/12/2025 Mr I J Cox 16/07/2025 04/10/2019 Mr M Pulley 26/09/2014 Mr R J Savage 17/10/2024 29 May 2026 The principal activity of the Company during the financial year was the manufacture and sale of printed security products. 02599458 2025-12-31 02599458 bus:Director1 2025-12-31 02599458 bus:Director2 2025-12-31 02599458 bus:Director3 2025-12-31 02599458 2024-12-31 02599458 core:CurrentFinancialInstruments 2025-12-31 02599458 core:CurrentFinancialInstruments 2024-12-31 02599458 core:Non-currentFinancialInstruments 2025-12-31 02599458 core:Non-currentFinancialInstruments 2024-12-31 02599458 core:ShareCapital 2025-12-31 02599458 core:ShareCapital 2024-12-31 02599458 core:CapitalRedemptionReserve 2025-12-31 02599458 core:CapitalRedemptionReserve 2024-12-31 02599458 core:RetainedEarningsAccumulatedLosses 2025-12-31 02599458 core:RetainedEarningsAccumulatedLosses 2024-12-31 02599458 core:ComputerSoftware 2024-12-31 02599458 core:ComputerSoftware 2025-12-31 02599458 core:LeaseholdImprovements 2024-12-31 02599458 core:PlantMachinery 2024-12-31 02599458 core:OfficeEquipment 2024-12-31 02599458 core:LeaseholdImprovements 2025-12-31 02599458 core:PlantMachinery 2025-12-31 02599458 core:OfficeEquipment 2025-12-31 02599458 core:CurrentFinancialInstruments core:Secured 2025-12-31 02599458 bus:OrdinaryShareClass1 2025-12-31 02599458 core:WithinOneYear 2025-12-31 02599458 core:WithinOneYear 2024-12-31 02599458 core:BetweenOneFiveYears 2025-12-31 02599458 core:BetweenOneFiveYears 2024-12-31 02599458 2025-01-01 2025-12-31 02599458 bus:FilletedAccounts 2025-01-01 2025-12-31 02599458 bus:SmallEntities 2025-01-01 2025-12-31 02599458 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 02599458 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02599458 bus:Director1 2025-01-01 2025-12-31 02599458 bus:Director2 2025-01-01 2025-12-31 02599458 bus:Director3 2025-01-01 2025-12-31 02599458 core:ComputerSoftware core:TopRangeValue 2025-01-01 2025-12-31 02599458 core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 02599458 core:LeaseholdImprovements core:TopRangeValue 2025-01-01 2025-12-31 02599458 core:PlantMachinery 2025-01-01 2025-12-31 02599458 core:OfficeEquipment core:TopRangeValue 2025-01-01 2025-12-31 02599458 2024-01-01 2024-12-31 02599458 core:LeaseholdImprovements 2025-01-01 2025-12-31 02599458 core:OfficeEquipment 2025-01-01 2025-12-31 02599458 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 02599458 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 02599458 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02599458 (England and Wales)

# CORINIUM CONTINUOUS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

CORINIUM CONTINUOUS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

CORINIUM CONTINUOUS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
CORINIUM CONTINUOUS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 63,590 |  | 56,687
|  | 63,590 |  | 56,687
Current assets |  |  |  |
Stocks |  | 4,000 |  | 4,800
Debtors | 5 | 53,101 |  | 38,602
Cash at bank and in hand |  | 64 |  | 8,336
|  | 57,165 |  | 51,738
Creditors: amounts falling due within one year | 6 | ( 66,679) |  | ( 58,506)
Net current liabilities |  | (9,514) |  | (6,768)
Total assets less current liabilities |  | 54,076 |  | 49,919
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 10,119)
Provision for liabilities |  | ( 11,625) |  | ( 10,209)
Net assets |  | 42,451 |  | 29,591
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,000 |  | 1,000
Capital redemption reserve |  | 1,000 |  | 1,000
Profit and loss account |  | 40,451 |  | 27,591
Total shareholder's funds |  | 42,451 |  | 29,591

For the financial 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.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Corinium Continuous Limited (registered number: 02599458) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

Mr M Pulley Director |

CORINIUM CONTINUOUS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
CORINIUM CONTINUOUS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Corinium Continuous Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Avro Gate, South Marston Industrial Estate, Swindon, SN3 4AG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | 3 years straight line

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 5 years straight line
Plant and machinery | 15 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets 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 (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax 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.
Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Intangible assets

| Computer software |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 11,265 |  | 11,265
At 31 December 2025 | 11,265 |  | 11,265
Accumulated amortisation |  |  |
At 01 January 2025 | 11,265 |  | 11,265
At 31 December 2025 | 11,265 |  | 11,265
Net book value |  |  |
At 31 December 2025 | 0 |  | 0
At 31 December 2024 | 0 |  | 0

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 0 |  | 72,139 |  | 7,756 |  | 79,895
Additions | 17,647 |  | 0 |  | 0 |  | 17,647
At 31 December 2025 | 17,647 |  | 72,139 |  | 7,756 |  | 97,542
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 0 |  | 18,018 |  | 5,190 |  | 23,208
Charge for the financial year | 294 |  | 8,118 |  | 2,332 |  | 10,744
At 31 December 2025 | 294 |  | 26,136 |  | 7,522 |  | 33,952
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 17,353 |  | 46,003 |  | 234 |  | 63,590
At 31 December 2024 | 0 |  | 54,121 |  | 2,566 |  | 56,687

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 40,348 |  | 37,488
Prepayments | 5,253 |  | 1,114
Other debtors | 7,500 |  | 0
| 53,101 |  | 38,602

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts (secured £ 11,575) | 21,697 |  | 9,973
Trade creditors | 17,884 |  | 18,236
Accruals | 4,300 |  | 4,250
Taxation and social security | 21,149 |  | 24,545
Other creditors | 1,649 |  | 1,502
| 66,679 |  | 58,506

Included within Bank loans and overdrafts is an amount of £11,575 (2024: £nil) that is secured by a fixed and floating charge over the assets of the company.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 10,119

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 1.00 each | 1,000 |  | 1,000

#### 9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 29,180 |  | 0
between one and five years | 116,957 |  | 0
Total future minimum lease payments under non-cancellable operating leases | 146,137 |  | 0

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 257 |  | 458

#### 10. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.