ACCOUNTS - Final Accounts preparation

Registered number: 04280137

CORPAG SERVICES (UK) LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

CORPAG SERVICES (UK) LIMITED

COMPANY INFORMATION

Directors	N Gordon (appointed 17 June 2022)
	A C Visser (appointed 27 September 2022)


Registered number	04280137


Registered office	1 Charterhouse Mews
	London
	United Kingdom
	EC1M 6BB

CORPAG SERVICES (UK) LIMITED

CONTENTS

	Page
Directors' Report	1
Statement of Comprehensive Income	2
Statement of Financial Position	3 - 4
Notes to the Financial Statements	5 - 9

CORPAG SERVICES (UK) LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors

The directors who served during the year were:

N Gordon (appointed 17 June 2022)

A C Visser (appointed 27 September 2022)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................ N Gordon Director	................................................ A C Visser Director

Date: 15 September 2026	Date: 15 September 2026

Page 1

CORPAG SERVICES (UK) LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	297.705	326.852
Cost of sales	(31.251)	(30.106)
Gross profit	266.454	296.746
Administrative expenses	(292.173)	(257.690)
Operating (loss)/profit	(25.719)	39.056
Interest receivable and similar income	2.627	1.470
Interest payable and similar expenses	(133)	(6)
(Loss)/profit before tax	(23.225)	40.520
(Loss)/profit for the financial year	(23.225)	40.520

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 5 to 9 form part of these financial statements.

Page 2

CORPAG SERVICES (UK) LIMITED

REGISTERED NUMBER: 04280137

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	244.098		109.932
Cash at bank and in hand	5	36.810		161.202
		280.908		271.134
Creditors: amounts falling due within one year	6	(215.524)		(182.525)
Net current assets			65.384		88.609
Total assets less current liabilities			65.384		88.609

Net assets			65.384		88.609

Capital and reserves
Called up share capital	7	2.000	2.000
Share premium account		199.000	199.000
Profit and loss account		(135.616)	(112.391)
		65.384	88.609

Page 3

CORPAG SERVICES (UK) LIMITED

REGISTERED NUMBER: 04280137

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 were approved and authorised for issue by the board and were signed on its behalf by:

................................................ N Gordon	................................................ A C Visser
Director	Director

Date: 15 September 2026

The notes on pages 5 to 9 form part of these financial statements.

Page 4

CORPAG SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

These financial statements are presented in Pounds (GBP), as that is the currency in which the majority of the company's transactions are denominated. They comprise the financial statements of the company for the year ended 31 December 2025 and presented to the nearest pound.
The company has determined that the GBP is its functional currency, as this is the currency of the economic environment in which the Company predominantly operates.
The principal activity of the company during the year was that of corporate management and fudiciary services provider.
The company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office address is 1 Charterhouse Mews, London, EC1M 6BB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

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).

This information is included in the consolidated financial statements of Corpag Holding B.V. as at 31 December 2025 and these financial statements may be obtained from The Netherlands.

2.3

Going concern

The directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate in the short term. Therefore these accounts have been prepared on the company's ability to continue as a going concern.

Page 5

CORPAG SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.5

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.6

Interest income

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

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 6

CORPAG SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 2).

Page 7

CORPAG SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	139.855	92.387
Amounts owed by group undertakings	98.317	14.620
Prepayments and accrued income	5.926	2.925
	244.098	109.932

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	36.810	161.202
	36.810	161.202

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	5.480	34
Other taxation and social security	35.384	33.935
Accruals and deferred income	174.660	148.556
	215.524	182.525

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2.000 (2024 - 2.000) Ordinary shares of £1,00 each	2.000	2.000

Page 8

CORPAG SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Related party transactions
	During the year the company maintained loan accounts with fellow companies within the group. The balances due from/(due to) as at 31 December 2025, and shown in total in debtors were as follows:

		2025	2024
		£	£

	Corpag Holding BV	98.317	14.620
		98.317	14.620

Group charges for management services, marketing and sales, administrative and support services were charged.
The loan is not repayable within one year of the balance sheet date. Interest at 4,71% was paid on balances owed of £0 (2024 - £0) and interest at 4,71% was received on balances due of £2,588 (2024 - £1,470).

9.	Controlling party

The immediate controlling party is deemed to be the directors and shareholders of Corpag Holding B.V. by virtue of their 100% shareholding.

Page 9