Finn Bidco UK Limited iXBRL

Company Registration Number: NI722363

Finn Bidco UK Limited

Abridged Financial Statements

for the financial period from 11 October 2024 (date of incorporation) to 31 October 2025

Finn Bidco UK Limited

DIRECTORS' REPORT

for the financial period from 11 October 2024 (date of incorporation) to 31 October 2025

The directors present their report and the audited financial statements for the financial period from 11 October 2024 (date of incorporation) to 31 October 2025.

Principal Activity

Investment Holding company

Results and Dividends

The profit for the financial period amounted to £3,423,933.

Directors

The directors who served during the financial period are as follows:

Ms Laura Dillon (Appointed 11 October 2024)

Mr Oliver Bellew (Appointed 11 October 2024)

Mr Danylo Razlovan (Appointed 11 October 2024, Resigned 30 November 2024)

There were no changes in shareholdings between 31 October 2025 and the date of signing the financial statements.

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial period.

Statement of Directors' Responsibilities

The directors are responsible for preparing 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 period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). 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 and apply them consistently;

■make judgements and accounting estimates that are reasonable and prudent;

■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 enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

Disclosure of Information to Auditor

Each persons who are directors at the date of approval of this report confirms that:

In so far as the directors are aware:

■there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and

■the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditors

Amatino Partners, (Chartered Certified Accountants), were appointed auditors by the directors to fill the casual vacancy and they have expressed their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Ms Laura Dillon

Mr Oliver Bellew

Director

23 March 2026

Finn Bidco UK Limited

Company Registration Number: NI722363

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 October 2025

Oct 25

Notes

Non-Current Assets

Financial assets

10,359,369

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Payables: amounts falling due within one year

(1,641,317)

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Net Current Liabilities

(1,641,317)

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Total Assets less Current Liabilities

8,718,052

Payables:

amounts falling due after more than one year

(5,294,118)

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Net Assets

3,423,934

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Equity

Called up share capital

Retained earnings

3,423,933

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Equity attributable to owners of the company

3,423,934

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement.

Approved by the Board and authorised for issue on 23 March 2026 and signed on its behalf by



________________________________			________________________________
Ms Laura Dillon			Mr Oliver Bellew
Director			Director

Finn Bidco UK Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period from 11 October 2024 (date of incorporation) to 31 October 2025

General Information

Finn Bidco UK Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI722363. The registered office of the company is 22 North Street,, Crossmaglen,, Newry, Co Armagh, BT35 9AB, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Financial assets

Financial assets held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial period in which it is receivable.

Work in progress

Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Related parties

For the purposes of these financial statements a party is considered to be related to the company if:

■

the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;

■

the company and the party are subject to common control;

■

the party is an associate of the company or forms part of a joint venture with the company;

■

the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;

■

the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or

■

the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 12 month 21 days period from 11 October 2024 (date of incorporation) to 31 October 2025.

Group Company Exemptions Claimed

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 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Project Finn Topco Limited, a company incorporated in Ireland, as at 31 July 2025 and these financial statements may be obtained from the parent company's registered office at Finnabair Industrial Estate, Dundalk, Co. Louth, A91KF5F, Ireland

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by Amatino Partners.

The Auditor's Report was signed by Geoffrey Foster (Senior Statutory Auditor) for and on behalf of Amatino Partners on 23rd March 2026.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

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

Oct 25

Number

Directors

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8.	Financial fixed assets
		Group and
		participating
		interests/
		joint ventures
	Investments	£
	Cost
	Additions	10,359,369
		─────────
	At 31 October 2025	10,359,369
		─────────
	Net book value
	At 31 October 2025	10,359,369
		═════════

8.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Cable and Accessories (Northern Ireland) Limited

Unit 6 Ballinska Business Park, Springtown Industrial Estate, Springtown Road, Derry City, Northern Ireland, BT48 0LY

Wholesale electrical suppliers

Ordinary

100

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

Cable and Accessories (Northern Ireland) Limited

31 July 2025

6,132,645

1,004,308

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In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.

Capital commitments

The company had no material capital commitments at the financial period-ended 31 October 2025.

10.

Parent and ultimate parent company

The company regards Project Finn Bidco Limited as its parent company.

The companys ultimate parent undertaking is WPEF IX Holdco 16 B.V.

The address of WPEF IX Holdco 16 B.V is Brediusweg 16 1401 AG Bussum The Netherlands.

The parent of the largest group in which the results are consolidated is Project Finn Topco Limited.

Project Finn Topco Limited is registered in Ireland.

11.

Controlling interest

The Company's ultimate controlling party is Waterland Private Equity Investments B.V., a company incorporated in the Netherlands

12.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial period-end.