SAPI ORIGINATION LIMITED


Directors	LE, Mai Quynh
	VAN LENNEP, Alexis


Registered Address	Senna Building
	Gorsuch Place
	London
	E2 8JF


Registered Number	15934839 (England and Wales)

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.

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.

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.