IRIS Accounts Production v26.1.10.61 15976211 Board of Directors Board of Directors 24.9.24 31.12.25 31.12.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15976211 2024-09-23 15976211 2025-12-31 15976211 2024-09-24 2025-12-31 15976211 2024-09-23 15976211 ns15:EnglandWales 2024-09-24 2025-12-31 15976211 ns14:PoundSterling 2024-09-24 2025-12-31 15976211 ns10:Director1 2024-09-24 2025-12-31 15976211 ns10:Director2 2024-09-24 2025-12-31 15976211 ns10:PrivateLimitedCompanyLtd 2024-09-24 2025-12-31 15976211 ns10:SmallEntities 2024-09-24 2025-12-31 15976211 ns10:AuditExempt-NoAccountantsReport 2024-09-24 2025-12-31 15976211 ns10:SmallCompaniesRegimeForDirectorsReport 2024-09-24 2025-12-31 15976211 ns10:SmallCompaniesRegimeForAccounts 2024-09-24 2025-12-31 15976211 ns10:FullAccounts 2024-09-24 2025-12-31 15976211 ns10:RegisteredOffice 2024-09-24 2025-12-31 15976211 ns5:CurrentFinancialInstruments 2025-12-31 15976211 ns5:Non-currentFinancialInstruments 2025-12-31 15976211 ns5:ShareCapital 2025-12-31 15976211 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 15976211 ns5:AdditionsToInvestments 2025-12-31 15976211 ns5:CostValuation 2025-12-31 15976211 ns5:CurrentFinancialInstruments 2024-09-24 2025-12-31 15976211 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-12-31 15976211 ns5:Non-currentFinancialInstruments 2024-09-24 2025-12-31

REGISTERED NUMBER: 15976211 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

24 SEPTEMBER 2024 TO 31 DECEMBER 2025

FOR

FORMATION HOLDINGS LIMITED

FORMATION HOLDINGS LIMITED (REGISTERED NUMBER: 15976211) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the period 24 September 2024 to 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FORMATION HOLDINGS LIMITED |

COMPANY INFORMATION

for the period 24 September 2024 to 31 December 2025

| DIRECTORS: | A C Barber

| A C Jolliffe

| REGISTERED OFFICE: | Unit 1 Evercreech Way

| Highbridge

| TA9 4AR

| REGISTERED NUMBER: | 15976211 (England and Wales)

| ACCOUNTANTS: | Dafferns LLP

| One Eastwood

| Harry Weston Road

| Binley Business Park

| Coventry

| CV3 2UB

FORMATION HOLDINGS LIMITED (REGISTERED NUMBER: 15976211) |

BALANCE SHEET

31 December 2025

| Notes | £ | £ |

| FIXED ASSETS

| Investments | 5 | 910 |  |

| CURRENT ASSETS

| Debtors | 6 | 3,880,300 |  |  |

| Cash at bank | 334,992 |  |  |

4,215,292 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 1,486,443 |  |

| NET CURRENT ASSETS | 2,728,849 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 2,729,759 |  |

| CREDITORS

| Amounts falling due after more than one year | 8 | 2,727,638 |  |

| NET ASSETS | 2,121 |  |

| CAPITAL AND RESERVES

| Called up share capital | 9 | 1,000 |  |

| Retained earnings | 1,121 |  |

2,121 |  |

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

FORMATION HOLDINGS LIMITED (REGISTERED NUMBER: 15976211) |

BALANCE SHEET - continued

31 December 2025

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 Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

A C Barber - Director

A C Jolliffe - Director

FORMATION HOLDINGS LIMITED (REGISTERED NUMBER: 15976211) |

NOTES TO THE FINANCIAL STATEMENTS

for the period 24 September 2024 to 31 December 2025

1. | STATUTORY INFORMATION

| Formation Holdings 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.

| The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest £1.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Investments in subsidiaries

| Investments in subsidiary and associate undertaking are recognised at their respective share capital values.

| Financial instruments

| Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in other administrative expenses.

| 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.

| Going concern

| The financial statements have been prepared on the going concern basis owing to the continued financial support of a wholly owned subsidiary Formation Lighting Limited.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 .

FORMATION HOLDINGS LIMITED (REGISTERED NUMBER: 15976211) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the period 24 September 2024 to 31 December 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 910 |  |

| At 31 December 2025 | 910 |  |

| NET BOOK VALUE

| At 31 December 2025 | 910 |  |

6. | DEBTORS

£ |

| Amounts falling due within one year:

| Amounts owed by group undertakings | 1,044,713 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 2,835,587 |  |

| Aggregate amounts | 3,880,300 |  |

| During the period the Company acquired the entire share capital of Formation Lighting Limited on a share for share basis.

| Subsequently, approximately 79% of the shares in the Company were sold to the Formation Employee Ownership Trust.

| The sale was funded partly by a bank loan obtained by the Company and partly by vendor financing. The repayment of this bank loan is funded by dividends from the Company's subsidiary, Formation Lighting Limited.

| At the balance sheet date, the total amount owed to the Company by the Formation Employee Ownership Trust amounted to £3,880,300 and is reflected within debtors.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Bank loans and overdrafts | 1,004,943 |  |

| Social security and other taxes | 6,300 |  |

| Directors' current accounts | 475,200 |  |

1,486,443 |  |

| Creditors include the following secured liabilities:

| Amounts owing in respect of the Company's bank loans totalling £1,004,943 which are secured by fixed and floating charges over the Company's assets.

FORMATION HOLDINGS LIMITED (REGISTERED NUMBER: 15976211) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the period 24 September 2024 to 31 December 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

£ |

| Bank loans - over 1 year | 2,727,638 |  |

| Creditors include the following secured liabilities:

| Amounts owing in respect of the Company's bank loans totalling £2,727,638 which are secured by fixed and floating charges over the Company's assets.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid: |  |

| Number: |  | Class: |  | Nominal |  |  | 2025 |

|  | value: |  |  | £ |

| 8,421 |  | A |  | £0.01 |  |  | 84.21 |

| 8,421 |  | B |  | £0.01 |  |  | 84.21 |

| 2,105 |  | C |  | £0.01 |  |  | 21.05 |

| 211 |  | D |  | £0.01 |  |  | 2.11 |

| 78,947 |  | E |  | £0.01 |  |  | 789.47 |

| 1,895 |  | F |  | £0.01 |  |  | 18.95 |

|  | 1,000.00 |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Included within other creditors is an interest bearing loan advanced during the year to the Company by A C Barber totalling £237,600. The loan bears an interest rate of 7%.

| Included within other creditors is an interest bearing loan advanced during the year to the Company by A C Jollife totalling £237,600. The loan bears an interest rate of 7%.

11. | RELATED PARTY DISCLOSURES

| 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.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is the Formation Employee OwnershipTrust.