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SAPI ORIGINATION LIMITED

Registered Number
15934839
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2025

SAPI ORIGINATION LIMITED
Company Information
for the period from 4 September 2024 to 30 September 2025

Directors | LE, Mai Quynh
| VAN LENNEP, Alexis

Registered Address | Senna Building
| Gorsuch Place
| London
| E2 8JF

Registered Number | 15934839 (England and Wales)

SAPI ORIGINATION LIMITED
Balance Sheet as at
30 September 2025

| Notes | 2025
--- | --- | ---
|  | £ |  | £
Current assets |  |  |  |
Debtors | 4 | 527,280 |  |
|  | 527,280 |  |
Creditors amounts falling due within one year | 5 | (530,690) |  |
Net current assets (liabilities) |  |  |  | (3,410)
Total assets less current liabilities |  |  |  | (3,410)
Net assets |  |  |  | (3,410)
Capital and reserves |  |  |  |
Called up share capital |  |  |  | 100
Profit and loss account |  |  |  | (3,510)
Shareholders' funds |  |  |  | (3,410)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 July 2026, and are signed on its behalf by:
LE, Mai Quynh Director Registered Company No. 15934839

SAPI ORIGINATION LIMITED
Notes to the Financial Statements
for the period ended 30 September 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have received confirmation that parent company, SAPI Group Limited, will provide such financial support as is necessary to enable the company to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Financial instruments
--- | ---
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

2. | Average number of employees
--- | ---

|  | 2025
| Average number of employees during the year | 0

3. | Further information regarding the company's income
--- | ---
| These financial statements have been prepared for the period from the date of incorporation on 4 September 2024 to 30 September 2025. This represents the Company's first set of financial statements since incorporation.

4. | Debtors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Amounts owed by group undertakings | 277,280
| Other debtors | 250,000
| Total | 527,280

5. | Creditors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade creditors / trade payables | 1,010
| Other creditors | 529,680
| Total | 530,690

6. | Related party transactions
--- | ---
| 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 members of the group, including its immediate and ultimate parent company.