REGISTERED NUMBER: 12291448 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2025

for

Sice Previt UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms Alice Caprio

Mr Mario Bisceglia

REGISTERED OFFICE:

c/o AccountsCo

47 Islington Park Street

London

N1 1QB

REGISTERED NUMBER:

12291448 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Simon Edrich

AUDITORS:

PG & E Professional Services Ltd

Chartered Accountants & Statutory Auditor

47 Islington Park Street

London

N1 1QB

FIXED ASSETS

Tangible assets

4

1,014

-

CURRENT ASSETS

Debtors

5

5,353,460

3,013

Cash at bank

735,560

29,605

6,089,020

32,618

CREDITORS

Amounts falling due within one year

6

5,997,468

7,696

NET CURRENT ASSETS

91,552

24,922

TOTAL ASSETS LESS CURRENT LIABILITIES

92,566

24,922

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

42,566

(25,078

)

SHAREHOLDERS' FUNDS

92,566

24,922

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 12 May 2026 and were signed on its behalf by:

Ms Alice Caprio - Director

1.	STATUTORY INFORMATION

Sice Previt UK Ltd 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.

Related party exemption

The company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing transactions entered into with other members of the group, where any subsidiary which is a party to the transaction is wholly owned by such a member.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised by reference to the stage of completion of the contract and the group's transfer pricing methodology.

Tangible fixed assets

Depreciation is provided in order to write off each asset over its estimated useful life.

Plant and machinery - over a period of 3 years on a straight line basis.

Taxation

Taxation for the year 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

As a result of the losses made in previous years the directors believe that it is not prudent to account for deferred tax assets nor necessary to account for deferred tax liabilities within these financial statements.

Going concern

The directors have received assurance of the continued support of the parent company, which has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore, the directors consider it appropriate that the financial statements are prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,085

At 31 December 2025

1,085

DEPRECIATION

Charge for year

71

At 31 December 2025

71

NET BOOK VALUE

At 31 December 2025

1,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

771,322

-

Other debtors

1,248,973

394

Prepayments and accrued income

3,333,165

2,619

5,353,460

3,013

Other debtors includes £914,995 (2024:Nil) relating to advances paid to the company's parent.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

69,057

72

Amounts owed to group undertakings

616,145

-

Social security and other taxes

547,572

1,239

Other creditors

3,238,326

2,385

Accruals and deferred income

1,526,368

4,000

5,997,468

7,696

Accruals and deferred income includes £1,525,253 (2024: Nil) relating to accrued expenses payable to the company's parent.

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

The Report of the Auditors was unqualified.

Mr Simon Edrich (Senior Statutory Auditor)

for and on behalf of PG & E Professional Services Ltd

8.	AUDITOR LIABILITY LIMITATION

The company has limited the maximum aggregate amount of the Auditor's Liability to the company to not more than (1) the sum of 5 times the fees payable (excluding expenses and Value Added Tax) under the Engagement Letter referable to the financial year in question, or (2) £30,000, whichever is the lesser amount.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sice Previt Group SRL.

The ultimate parent undertaking and controlling entity is Sice Previt Group SRL, a company incorporated in Italy whose registered office is Via Fratelli Gabba 9, Milano, 20121, Italy, which is the parent undertaking of the smallest and largest group to consolidate these financial statements. Copies of Sice Previt Group SRL's consolidated financial statements are available from its registered office at Via Fratelli Gabba 9, Milano, 20121, Italy.