SDG Group UK&I Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

SDG Group UK&I Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05084262 . The registered office is Tower 42 (Floor 11b), 25 Old Broad Street, London, EC2N 1HQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	20% on cost

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 37 (2024: 41)

Page 2

Page 3

SDG Group UK&I Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2025	107,444
Additions	1,076

As at 31 December 2025	108,520

Depreciation
As at 1 January 2025	60,382
Provided during the period	15,263

As at 31 December 2025	75,645

Net Book Value
As at 31 December 2025	32,875

As at 1 January 2025	47,062

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,300,434	1,362,575
Prepayments and accrued income	160,442	159,322
Other debtors	148,997	175,557
Deferred tax current asset	75,000	185,000
Amounts owed by group undertakings	474,539	-

	2,159,412	1,882,454

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	111,884	178,886
Other taxes and social security	230,865	259,230
Other creditors	29,609	104,669
Accruals and deferred income	451,602	518,783

	823,960	1,061,568

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	960,000	960,000

Page 3

Page 4

SDG Group UK&I Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Later than one year and not later than five years	162,560	308,193

	162,560	308,193

10. Related Party Transactions

During the year, the company recharged expenses to SDG Consulting Italia SpA for £nil (2024: £11,421).

During the year, the company recharged expenses to SDG Consulting Espana S.A.U for £749,702 (2024: £403,459).

During the year, the company recharged expenses to Alten Nederlands for £301,010 (2024: £179,649).

During the year, the company recharged expenses to SDG Group Srl for £184,873 (2024: £nil).

During the year, the company incurred management charges from SDG Group Srl for £21,962 (2024: £22,772).

During the year, the company incurred charges from SDG Group Srl of £105,837 (2024: £nil). The company incurred fees from SDG Consulting Italia SpA of £210,789 during the year (2024: £418,226). The company incurred fees from SDG Consulting Espana S.A.U of £441,325 during the year (2024: £409,043). The company incurred fees from SDG Consulting Portugal of £1,632 during the year (2024: £7,952). The company incurred fees from Alten Netherlands of £16,771 during the year (2024: £nil). The company incurred fees from Alten Cash Management of £51,292 during the year (2024: £nil). The company incurred fees from Alten SA of £12,752 during the year (2024: £nil).

At 31 December 2025 the company was owed £86,283 (2024: £31,050) from SDG Consulting Espana S.A.U. and £30,872 (2024: £11,805) from Alten Nederlands.

At 31 December 2025 the company owed £13,972 (2024: £19,722) to SDG Consulting Italia SpA, £18,227 (2024: £34,808) to SDG Consulting Espana S.A.U, £nil (2024: £2,356) to SDG Consulting Portugal, £10,348 (2024: £28,147) to SDG Group Srl, £597 (2024: £nil) to Alten SA and £16,771 (2024: £nil) to Alten NL.

At 31 December 2025, there were loans of £960,000 due to Alten Europe (2024: £960,000). Interest charged on these loans during the year amounted to £62,441.

At 31 December 2025, there were loans of £nil due to Alten Cash Management (2024: £77,283). This loan was repaid during the year.

At 31 December 2025, there were loans of £462,832 from Alten Cash Management (2024: £nil). Interest due on this loan is £11,154.

11. FRC's Ethical Standard - Provision Available for Small Entities

Although a provision exists to allow the auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements, the directors have appointed accountants to assist with the non-audit activities.

12. Ultimate Controlling Party

The company's ultimate controlling party is Alten SA a company registered in France.

Page 4

Page 5

SDG Group UK&I Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Audit Information

The auditor's report on the accounts of SDG Group UK&I Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by David A.Cox (Senior Statutory Auditor) for and on behalf of Cox & Co (Accountancy) Limited , Statutory Auditor.

Cox & Co (Accountancy) Limited

The Granary

High Street

Turvey

Bedfordshire

MK43 8DB

Page 5

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		32,875		47,062

			32,875		47,062
CURRENT ASSETS
Debtors	5	2,159,412		1,882,454
Cash at bank and in hand		2,179		359,484

		2,161,591		2,241,938
Creditors: Amounts Falling Due Within One Year	6	(823,960 )		(1,061,568 )

NET CURRENT ASSETS (LIABILITIES)			1,337,631		1,180,370

TOTAL ASSETS LESS CURRENT LIABILITIES			1,370,506		1,227,432

Creditors: Amounts Falling Due After More Than One Year	7		(960,000 )		(960,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,000 )		(11,500 )

NET ASSETS			402,506		255,932

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			402,306		255,732

SHAREHOLDERS' FUNDS			402,506		255,932