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Registration number: 16102467 (England & Wales)

Prepared for the registrar
Servved Holdings Limited
Annual Report and Financial Statements
for the Period from 26 November 2024 to 31 December 2025

Servved Holdings Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

Servved Holdings Limited

Company Information

Directors | J Abernethie M W Barter J T Carruth K Carruth P E Deaux

Registered office | Unit 3 Jade Business Park Spring Road Murton Seaham SR7 9DR

Auditors | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Servved Holdings Limited

(Registration number: 16102467)
Balance Sheet as at 31 December 2025

| Note | 2025 £
Fixed assets |  |
Investments | 4 | 3,215,156
Current assets |  |
Debtors | 5 | 49,195
Creditors: Amounts falling due within one year | 6 | (2,262,416)
Net current liabilities |  | (2,213,221)
Net assets |  | 1,001,935
Capital and reserves |  |
Called up share capital |  | 100
Share premium reserve |  | 983,800
Profit and loss account |  | 18,035
Total equity |  | 1,001,935

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:

K Carruth
Director

Servved Holdings Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 December 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Unit 3
Jade Business Park
Spring Road
Murton
Seaham
SR7 9DR

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group..

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 company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
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.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Servved Holdings Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 December 2025

| 2 | Accounting policies (continued)

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Servved Holdings Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 December 2025

| 2 | Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

| 4 | Investments

| 2025 £
Investments in subsidiaries | 3,215,156

Subsidiaries | £
Cost
Additions and at 31 December 2025 | 3,215,156
Carrying amount
At 31 December 2025 | 3,215,156

Servved Holdings Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 December 2025

| 4 | Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025
Subsidiary undertakings
G M Packaging (UK) Limited | Unit 3, Jade Business Park Spring Road, Murton, Seaham, County Durham, United Kingdom, SR7 9DR | Ordinary | 100%

Subsidiary undertakings
G M Packaging (UK) Limited The principal activity of G M Packaging (UK) Limited is distribution of food packaging solutions.

| 5 | Debtors

| 2025 £
Other debtors | 49,195

| 6 | Creditors

| 2025 £
Due within one year |
Amounts owed to group undertakings | 10,370
Amounts due to related parties | 2,247,815
Taxation and social security | 4,231
| 2,262,416

| 7 | Related party transactions

Transactions with directors:
At 31 December 2025, the company owed certain directors £2,247,815 in the form of directors loans. The loans bear interest at 5% per annum, and interest of £103,734 was charged during the period. The loans are unsecured, have no fixed terms of repayment and are repayable on demand.

| 8 | Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 26 August 2026 was Scott Lawrence, who signed for and on behalf of Hazlewoods LLP.