REGISTERED NUMBER: 16421041 (England and Wales)

Unaudited Financial Statements

for the Period 30 April 2025 to 31 December 2025

for

Empower Bidco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N G Manning

Mr M A Lovett

REGISTERED OFFICE:

C/O Wilson Partners Tor

Saint-Cloud Way

Maidenhead

Berkshire

REGISTERED NUMBER:

16421041 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Tangible assets

4

10,448

Investments

5

8,856,779

8,867,227

CURRENT ASSETS

Debtors

6

358,316

CREDITORS

Amounts falling due within one year

7

(6,121,274

)

NET CURRENT LIABILITIES

(5,762,958

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,104,269

CREDITORS

Amounts falling due after more than one year

8

(2,424,781

)

NET ASSETS

679,488

RESERVES

Retained earnings

679,488

SHAREHOLDERS' FUNDS

679,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

Mr N G Manning - Director

1.	STATUTORY INFORMATION

Empower Bidco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Preparation of consolidated financial statements

The financial statements contain information about Empower Bidco Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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 subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost

Computer equipment - 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

11,626

At 31 December 2025

11,626

DEPRECIATION

Charge for period

1,178

At 31 December 2025

1,178

NET BOOK VALUE

At 31 December 2025

10,448

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

8,856,779

At 31 December 2025

8,856,779

NET BOOK VALUE

At 31 December 2025

8,856,779

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

358,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

12,719

Trade creditors

194,562

Amounts owed to group undertakings

5,195,353

Taxation and social security

26,155

Other creditors

692,485

6,121,274

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,799,781

Other creditors

625,000

2,424,781

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Shawbrook Group Limited

2,000,000

At the balance sheet date a balance of £2,000,000 was secured by a fixed and floating charge over the assets of the subsidiaries of the parent company, Empower MidCo Limited.

10.	CALLED UP SHARE CAPITAL

Number:

Class:

Nominal value :

31.12.25

1

Ordinary

£0.01

£0.01

£0.01

Ordinary shares each carry a right to vote, a right to a dividend and a right to a capital distribution in the event of a winding up or return of capital. Ordinary shares are not redeemable and are not fully paid.

11.	RELATED PARTY DISCLOSURES

As of 31 December 2025, Empower Bidco had an outstanding balance of £563,984 payable to Circle Control & Design Limited, a company in which it holds a 67% shareholding.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Board of Directors of Empower Topco Limited.