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Registered number: 16008570









QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
M D Sefton (appointed 9 October 2024)
K McSweeney (appointed 9 October 2024)
R Ouaich (appointed 9 October 2024)
I McKenzie (appointed 9 October 2024)




Registered number
16008570



Registered office
Ground Floor Egerton House
68 Baker Street

Surrey

KT13 8AL




Independent auditors
BKL Audit LLP
Statutory Auditor & Chartered Accountants

35 Ballards Lane

London

N3 1XW





 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 

CONTENTS



Page
Strategic Report
 
 
1
Directors' Report
 
 
2 - 3
Independent Auditors' Report
 
 
4 - 7
Statement of Comprehensive Income
 
 
8
Statement of Financial Position
 
 
9
Statement of Changes in Equity
 
 
10
Notes to the Financial Statements
 
 
11 - 17


 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
STRATEGIC REPORT
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

Introduction
 
The directors present their Strategic Report for the period ended 31 December 2025.

Business review
 
Quilam Special Opportunities 2 Holdings Limited is a UK-based investment vehicle of a group of subsidiary companies. The principal activity is that of a holding company. The Company is currently not engaged in any trading activities.

Principal risks and uncertainties
 
The principal risk is the fluctuation in the value of investments and repayment of capital deployed in group undertakings. Based on strong past performance and detailed forecasting, the directors are confident that their risk management approach supports the delivery of stable and sustainable shareholder value, with risks well mitigated.

Financial key performance indicators
 
The directors monitor a range of key performance indicators (KPIs) to evaluate the company’s financial position, investment performance, and overall stability.


This report was approved by the board and signed on its behalf.







K McSweeney
Director

Date: 9 July 2026

Page 1

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the 15 month period ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The Company was incorporated on 9 October 2024 and commenced trading on that date.
The principal activity of the Company is that of a holding Company. 

Results and dividends

The profit after taxation for the 15 month period amounted to £2,099,328.

Dividends of £2,104,553 were declared in the year.

Directors

The directors who served during the 15 month period were:

M D Sefton (appointed 9 October 2024)
K McSweeney (appointed 9 October 2024)
R Ouaich (appointed 9 October 2024)
I McKenzie (appointed 9 October 2024)

Page 2

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

Future developments

The Company will continue to focus on managing its investments and supporting long-term shareholder value.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

BKL Audit LLP was appointed to fill a casual vacancy arising during the year. Under section 487(2) of the Companies Act 2006, BKL Audit LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

This report was approved by the board and signed on its behalf.
 







K McSweeney
Director

Date: 9 July 2026

Page 3

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of Quilam Special Opportunities 2 Holdings Limited (the 'Company') for the 15 month period ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the 15 month period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 4

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial 15 month period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Enquiring of management around actual and potential litigation and claims;
Enquiring of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
Reviewing minutes of meetings of those charged with governance;
Reviewing financial statement disclosures and testing to supporting documentation with applicable laws and regulations;
Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
Reviewing the general ledger in detail for all transactions with related parties; 
Performing walkthrough testing to ensure systems and controls are operating as recorded where appropriate.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:


Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related
Page 6

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED (CONTINUED)


disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.


We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Nick Bishop FCA (Senior Statutory Auditor)
  
for and on behalf of
BKL Audit LLP
 
Statutory Auditor
Chartered Accountants
  
35 Ballards Lane
London
N3 1XW

9 July 2026
Page 7

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

15 month period ended
31 December
2025
Note
£

  

Administrative expenses
  
(5,225)

Operating (loss)
  
(5,225)

Income from fixed assets investments
 6 
2,104,553

Profit before tax
  
2,099,328

Profit for the financial 15 month period
  
2,099,328

There was no other comprehensive income for 2025.

The notes on pages 11 to 17 form part of these financial statements.

Page 8

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
REGISTERED NUMBER: 16008570

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025

2025
Note
£

Fixed assets
  

Investments
 9 
1

  
1

Current assets
  

Debtors: amounts falling due within one year
 10 
1

  
1

Creditors: amounts falling due within one year
 11 
(5,226)

Net current (liabilities)
  
 
 
(5,225)

Total assets less current liabilities
  
(5,224)

  

Net (liabilities)
  
(5,224)


Capital and reserves
  

Called up share capital 
 12 
1

Profit and loss account
 13 
(5,225)

  
(5,224)


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






K McSweeney
Director

Date: 9 July 2026

The notes on pages 11 to 17 form part of these financial statements.

Page 9

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the 15 month period

Profit for the 15 month period
-
2,099,328
2,099,328
Total comprehensive income for the 15 month period
-
2,099,328
2,099,328


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,104,553)
(2,104,553)

Shares issued during the 15 month period
1
-
1


Total transactions with owners
1
(2,104,553)
(2,104,552)


At 31 December 2025
1
(5,225)
(5,224)

The notes on pages 11 to 17 form part of these financial statements.

Page 10

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

1.


General information

Quilam Special Opportunities 2 Holdings Limited (the 'Company') is a private company, limited by shares.The Company was incorporated on 9th October 2024. 
The principal activity of the Company is that of a holding Company. 
Its principal place of business is Ground Floor Egerton House, 68 Baker Street, Weybridge, Surrey, United Kingdom, KT13 8AL. The Company's registered number and registered address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Quilam JV Topco Limited as at 31 December 2025 and these financial statements may be obtained from the Registered Office.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

Page 11

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.4

Going concern

The Company has net liabilities of £5,224 as at 31 December 2025. The underlying wholly owned subsidiary is profitable and able to cover the liabilities at the year end to enable the Company to meet its liabilities as they fall due.
The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the Company will continue in operation for the foreseeable future.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

 
Page 12

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)


2.7
Financial instruments (continued)

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:
There are no key judgements or estimations which impact these accounts.

Page 13

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

4.


Auditors' remuneration

During the 15 month period, the Company obtained the following services from the Company's auditors:


15 month period ended
31 December
2025
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
2,100

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.


5.


Employees




The average monthly number of employees, including the directors, during the 15 month period was as follows:


15 month period ended
     31 December
        2025
            No.






Directors
4


6.


Income from investments

15 month period ended
31 December
2025
£





Dividends received
2,104,553


Page 14

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

7.


Taxation



Factors affecting tax charge for the 15 month period

The tax assessed for the 15 month period is lower than the standard rate of corporation tax in the UK of 25%. The differences are explained below:

15 month period ended
31 December
2025
£


Profit on ordinary activities before tax
2,099,328


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25%
524,832

Effects of:


Non-taxable income
(526,138)

Group relief
1,306

Total tax charge for the 15 month period
-


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


8.


Dividends

15 month period ended 31 December 2025
£


Dividends paid
2,104,553

Page 15

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

9.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


Additions
1



At 31 December 2025
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Quilam Special Opportunities 2 Limited
Ground Floor, Egerton House, 68 Baker Street, Weybridge, Surrey, KT13 8AL
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2025 and the profit or loss for the 15 month period ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
£
Profit
£

Quilam Special Opportunities 2 Limited
2,549,017
3,036,591


10.


Debtors

2025
£


Amounts owed by group undertakings
1


Page 16

 
QUILAM SPECIAL OPPORTUNITIES 2 HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025

11.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
5,225

Amounts owed to group undertakings
1

5,226



12.


Share capital

2025
£
Allotted, called up and fully paid


100 Ordinary shares of £0.01 each
1


During the period 100 £0.01 Ordinary shares were issued at par.


13.


Reserves

Profit and loss account

Includes current year and accumulated profits and losses, less dividends paid.


14.Other financial commitments

Quilam Special Opportunities 2 Limited, the Company's subsidiary undertaking, secured a credit facilities  which contain fixed and floating charges over all property or undertakings of this Company.


15.


Related party transactions

Where possible the Company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.


16.


Controlling party

The immediate parent company is Quilam JV Holdings 2 Limited.
The ultimate parent entity is WCP Quilam Ventures LLC.
The registered office and principal place of business of the ultimate parent is Cogency Global Inc., 850 New Burton Road, Suite 201, City of Dover, County of Kent, State of Delaware 19904.

 
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