ACCOUNTS - Final Accounts

Registered number: 16048491

Svella Nominee 2 Limited

Financial statements - filing copy

31 October 2025


Svella Nominee 2 Limited

Balance sheet

At 31 October 2025

		2025
Note		£

Fixed assets
Investments	5		3,000,000
Current assets
Debtors: amounts falling due after more than one year		741,585
Creditors: amounts falling due within one year	7	(3,727,489)
Net current liabilities			(2,985,904)
Total assets less current liabilities			14,096

Net assets			14,096

Capital and reserves
Called up share capital			11
Profit and loss account			14,085
Total equity			14,096

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2026.

W A Tinkler

Director

The notes on pages 2 to 5 form part of these financial statements.

Company Registered Number: 16048491


Svella Nominee 2 Limited

Notes to the financial statements

Year ended 31 October 2025

1.	General information

Svella Nominee 2 Limited (the 'company’) is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is given in the company information page of this annual report.

2.	Statement of compliance

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’), and the Companies Act 2006.

3.Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

3.1

Basis of preparation of financial statements

These financial statements are prepared on a going concern basis and under the historical cost convention. They are presented in pounds sterling and rounded to the nearest pound.

3.2

Going concern

The company’s parent undertaking is Svella Plc. Part of the group’s strategy is to acquire controlling interests in underperforming or distressed businesses and assets and to implement a business improvement strategy by utilising its skills and know-how to deliver returns for its shareholders.

The company meets its day to day working capital requirements through the financial and other support of its parent undertaking, the directors of which have confirmed their intention to continue to provide such support, including not seeking repayment of amounts due to it, for at least the next twelve months following approval of these financial statements and thereafter for the foreseeable future, until the company can reasonable afford to do so.

The group meets its day to day working capital requirements through its trading activity, further details of which are provided in the group financial statements. The groups financial forecasts and projections, having regard for reasonably possible changes in trading performance, show that the group is expected to have sufficient financial resources to enable it to continue meeting its liabilities as they fall due in the normal course of business, for at least the next twelve months following approval of these financial statements.

Notwithstanding net current liabilities of £2,985,904 at the balance sheet date, after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.

3.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.


Svella Nominee 2 Limited

Notes to the financial statements

Year ended 31 October 2025

3.Accounting policies (continued)

3.4

Taxation

The taxation expense for the year comprises current and deferred tax and is recognised in the profit and loss account.

Current tax is the amount of income tax payable in respect of the taxable profit for the current or past reporting periods. It is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences arise from the inclusion of transactions and events in the financial statements in periods different from those in which they are assessed for tax.

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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

3.5

Investments

Investments in associates are measured at cost less accumulated impairment.

Employees

The average monthly number of employees, including directors, during the period was 2.

5.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	Additions	3,000,000
	At 31 October 2025	3,000,000


Svella Nominee 2 Limited

Notes to the financial statements

Year ended 31 October 2025

Associate
The following was an associate of the company:
Name	Registered office	Holding

Chillblast Holdings Limited

Tactopia Building 1 Olympic Way, Birchwood, Warrington, England, WA2 0YL

30%

6.	Debtors
		2025
		£

	Due after more than one year
	Due from participating interests	741,585
		741,585

7.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	3,722,489
	Other creditors	5,000
		3,727,489

8.	Parent and ultimate parent undertaking

The company is a subsidiary undertaking of Svella Plc, Fifteen Montgomery Way, Rosehill Industrial Estate, Carlisle, CA1 2RW.

The smallest and largest group in which the results of the company are consolidated is headed by Svella Plc, a company registered in England and Wales. No other group financial statements include the results
of the company.

The consolidated financial statements of the group are available to the public and may be obtained from its registered address Fifteen Montgomery Way, Rosehill Industrial Estate, Carlisle, CA1 2RW.


Svella Nominee 2 Limited

Notes to the financial statements

Year ended 31 October 2025

Audit

These accounts have been subject to audit, however under section 444 of the Companies Act 2006, the company has chosen not to file a copy of the profit and loss account (and related notes). Therefore, the audit report on the financial statements has also been removed for filing purposes.

The audit report was signed on 14 July 2026 by Peter Sym (Senior Statutory Auditor), for and on behalf of UNW LLP, Statutory Auditor, Newcastle upon Tyne. The audit report gave an unqualified opinion.