REGISTERED NUMBER: 15102991 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Quandela Uk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Somaschi

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

C/o Pramex International

11 Old Jewry

London

EC2R 8DU

REGISTERED NUMBER:

15102991 (England and Wales)

AUDITORS:

Zome Audit & Accountancy Ltd (Statutory Auditor)

Chartered Accountants

5th Floor

111 Charterhouse Street

London

EC1M 6AW

CURRENT ASSETS

Debtors

5

16,521

4,218

Cash at bank

3,851

11,701

20,372

15,919

CREDITORS

Amounts falling due within one year

6

9,390

5,431

NET CURRENT ASSETS

10,982

10,488

TOTAL ASSETS LESS CURRENT LIABILITIES

10,982

10,488

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

8

982

488

SHAREHOLDERS' FUNDS

10,982

10,488

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 director and authorised for issue on 12 August 2026 and were signed by:

N Somaschi - Director

1.	STATUTORY INFORMATION

Quandela Uk Ltd 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.

Turnover

Turnover represents the costs recharged by Quandela Uk Ltd to Quandela SAS.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors, loans from fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, accruals and loans from fellow group companies 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

Taxation

Taxation for the period comprises current tax only. 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The company is dependent upon the continued financial support of its parent company which has undertaken to financially support the company for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Cash at bank and in hand

Cash and cash equivalents include cash in hand, balances held in bank accounts, and other short-term, highly liquid investments with original maturities of three months or less. Bank overdrafts are presented within borrowings under current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	AUDITORS' REMUNERATION

Period

29.8.23

Year Ended

to

31.12.25

31.12.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

3,000

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

16,521

4,218

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

2,675

1,776

Tax

165

163

VAT

-

92

Accruals

6,550

3,400

9,390

5,431

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

1

10,000

10,000

8.

RESERVES

Retained

earnings

£

At 1 January 2025

488

Profit for the year

494

At 31 December 2025

982

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis (Senior Statutory Auditor)

for and on behalf of Zome Audit & Accountancy Ltd (Statutory Auditor)

10.	RELATED PARTY DISCLOSURES

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.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is Quandela SAS, a

company incorporated in France, whose registered address is 7,Rue Leonard de Vinci,

91300, Massi, France.

12.	COMPARATIVE FIGURES

The prior year figures in the financial statements have been reclassified, where necessary, to ensure consistency with the presentation and disclosure of the current year figures.