Registration number: 02694092

Phusion IM Limited

Company Information

Directors

J F Mottard O Slamenkaite K Moreton

Registered office

16 Earls Nook Belasis Business Park Billingham Cleveland England and Wales TS23 4EF

Accountants

Brebners Chartered Accountants130 Shaftesbury Avenue London W1D 5AR

Phusion IM Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

J F Mottard

O Slamenkaite

K Moreton

Directors' liabilities

As permitted by Articles of Association, the directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:
 

......................................... O Slamenkaite Director

Phusion IM Limited

Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	100	100
Capital and reserves
Called up share capital		60	60
Capital redemption reserve		40	40
Shareholders' funds		100	100

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:
 

......................................... O Slamenkaite Director

Company registration number: 02694092

Phusion IM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Earls Nook
Belasis Business Park
Billingham
Cleveland
TS23 4EF
England and Wales

2	Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Sword Group SE, which can be obtained from sword-group.com/investors. As such, advantage has been taken of the following disclosure exemptions
available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
(c) No disclosure has been given for the aggregate remuneration of key management personnel..

Going concern

On 1 April 2023, the company transferred its trade, assets and liabilities to Sword IT Solutions Limited, a fellow subsidiary, at their book value. As the transfer took place at book value and no consequential adjustments to the financial statements arose, the directors confirm that they have adopted the going concern concept in the preparation of the financial statements.

Dormant status

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholder funds during the current year or prior year.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

Phusion IM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties		100	100
		100	100

5	Income statement

The company did not trade during the year and has made neither a profit nor a loss. No income statement has therefore been prepared.