Westmount Group B UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15437868 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WESTMOUNT GROUP B UK LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Mr M Helwani

Secretary:

Vistra Cosec Limited

Registered office:

Suite 1, 7th Floor

50 Broadway

London

SW1H 0DB

Registered number:

15437868 (England and Wales)

Auditors:

Deloitte Ireland LLP

2 Burlington Road

Dublin 4

D04 WV00

NON CURRENT ASSETS

Investments

4

14,435,750

-

CURRENT ASSETS

Debtors

5

572,416

1

CREDITORS

Amounts falling due within one year

6

(14,997,777

)

-

NET CURRENT (LIABILITIES)/ASSETS

(14,425,361

)

1

TOTAL ASSETS LESS CURRENT

LIABILITIES

10,389

1

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

10,388

-

SHAREHOLDER FUNDS

10,389

1

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 16 September 2026 and were signed by:

Mr M Helwani - Director

1.	STATUTORY INFORMATION

Westmount Group B UK Limited 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 Company’s functional and presentational currency is US Dollars ($) and the financial statements have been rounded to the nearest Dollar ($).

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.

Investments

Investments consist of debt instruments, these are initially recognised at cost and subsequently measured at fair market value. Interest income is recognised in profit or loss for the period to which it relates.

Other income

Other income comprises of fees in relation to the issue of the fixed asset investment loan.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments including the loan with group undertakings in creditors.

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Taxation

Taxation for the year comprises current tax. 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 taxation assets and liabilities are not discounted.

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

3.	EMPLOYEES AND DIRECTORS

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

Investment

in loans

$

New in year

14,435,750

At 31 December 2025

14,435,750

Other loans are a committed term facility which can be drawn on up to $30m. Interest is charged on the amount loaned along with a non-refundable original issue discount.

Significant Risk Factors

Market Risk

In the normal course of business, the Company and its investments enter into transactions where risks exist due to fluctuations in the market. The value of the investments held by the Company may decline in response to certain events and conditions affecting the general economy, overall market changes, local, regional, or global political, social, or economic instability, and currency, interest rate and price fluctuations. A 5% fluctuation in the value of the investment as of 31 December 2025, would have an approximate impact of $721,788. The Company conducts business in various countries but is not exposed to foreign currency exchange rate risk arising from transactions entered into in the normal course of business.

Credit Risk

Credit risk represents the potential loss that would occur if counterparties fail to perform pursuant to the terms of their obligations. The Company is subject to credit risk to the extent any financial institution with which it conducts business is unable to fulfill contractual obligations on its behalf. The extent of the Company's exposure to credit risk with respect to its investments approximates their carrying value as recorded in the Company's Balance Sheet.

The Company will attempt to reduce its risk of loss by evaluating each borrower's credit worthiness and the value of its collateral, by limiting the maximum amount loaned or invested in any single borrower, by taking security interests in the borrower's assets, and, in some situations, by obtaining guarantees. Currently there is no publicly available credit rating for the borrower.

Liquidity Risk

Liquidity risk represents the possibility that the Company may not be able to rapidly adjust the size of its positions in times of high volatility and financial stress at a reasonable price. While no secondary or active market currently exists for the investments, positions are collateralised to mitigate this risk. As of 31 December 2025, loans corresponding to investments held by the Company had original maturities of up to 30 months.

Fair Value of Investments

Assets and liabilities carried at fair value on the Company's Balance Sheet are classified among the following three levels based on the observability of the inputs used to determine fair value:

Level 1-Quoted market prices in active markets for identical assets or liabilities;

Level 2-Significant other observable inputs (e.g., quoted prices for similar items in active markets, quoted prices for identical or similar items in markets that are not active, inputs other than quoted prices that are observable, such as interest rates and yield curves, and market-corroborated inputs); and

Level 3-Valuation that is generated from model-based techniques that use inputs that are significant and unobservable in the market. These unobservable assumptions reflect estimates of inputs that market participants would use in pricing the asset or liability. Valuation techniques used include use of option pricing models, discounted cash flow models and similar techniques.

The following table sets forth by level within the fair value hierarchy, the Company assets at fair value at 31 December 2025:

Level 1

Level 2

Level 3

Total

Investments

-

$14,435,750

The following table presents changes in assets classified in Level 3 of the fair value hierarchy during the year ended 31 December 2025.

$

Opening balance

-

Funding and cost amortisation

$14,435,750

Closing balance

$14,435,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

$

Other debtors

572,415

-

Called up share capital not paid

1

572,416

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

$

Amounts owed to group undertakings

14,938,882

-

Taxation and social security

3,463

-

Other creditors

55,432

-

14,997,777

-

Amounts owed to group undertakings is an unsecured loan, interest is charged at a variable rate and is repayable on demand. No interest rate is stated in the loan agreement.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

$

100

Ordinary

$0.01

1

The company's share capital was issued in pounds sterling, 100 ordinary shares at a nominal value of £0.01.

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

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 17 September 2026 by Jim Meegan (Senior Statutory Auditor) on behalf of Deloitte Ireland LLP.

9.	RELATED PARTY DISCLOSURES

The director of the company is also an officer of the company's parent.

10.	POST BALANCE SHEET EVENTS

The loan facility commitment was increased to $150,000,000. On 2 March 2026 the intercompany loan facility was increased by $55,893,428, which was equivalent to the value of the new investment that was added to the Company's portfolio. At the year end this loan is shown in creditors in note 6 amounting to $14,938,882.