ACCOUNTS - Final Accounts preparation

Registered number: 16146010

	FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2025

	SEFISO LIMITED


SEFISO LIMITED

COMPANY INFORMATION

Directors	R. J. Hooton
	M. H. Wildschuetz


Registered number	16146010


Registered office	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


SEFISO LIMITED

CONTENTS

	Page
Statement of financial position	1
Statement of changes in equity	2
Notes to the financial statements	3 - 11


SEFISO LIMITED REGISTERED NUMBER:16146010

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Tangible assets	4		3,097
			3,097
Current assets
Stocks	5	130,655
Debtors: amounts falling due within one year	6	100,897
Cash at bank and in hand		355,292
		586,844
Creditors: amounts falling due within one year	7	(392,798)
Net current assets			194,046
Total assets less current liabilities			197,143
Creditors: amounts falling due after more than one year	8		(407,737)

Net (liabilities)/assets			(210,594)

Capital and reserves
Allotted, called up and fully paid share capital			100
Profit and loss account			(210,694)
			(210,594)

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2026.

................................................

R. J. Hooton

Director

The notes on pages 3 to 11 form part of these financial statements.

Page 1


SEFISO LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(210,694)	(210,694)
Total comprehensive income for the period	-	(210,694)	(210,694)
Contributions by and distributions to owners
Shares issued during the period	100	-	100
Total transactions with owners	100	-	100
At 31 December 2025	100	(210,694)	(210,594)

The notes on pages 3 to 11 form part of these financial statements.

Page 2


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Sefiso Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

The trading address of the company is Wharley End Farm Buildings, University Way, Cranfield, Bedfordshire, MK43 0AW.

The company was incorporated on 20 December 2024 and commenced trading on 9 July 2025 when it made its first sale.

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 Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment 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);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of FAUDI Aviation GmbH as at 31/12/2025 and these financial statements may be obtained from Faudi-Strasse 1, 35260 Stadtallendorf, Germany.

2.3

Going concern

Based on the ongoing and projected trading performance and the confirmed support of the parent company, the directors consider that the company has adequate resources to continue its operations for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 3


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation 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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within administrative expenses. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold and the goods are despatched;

∙the amount of revenue can be measured reliably;

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

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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 revenue 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.

Page 4


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.7

Interest income

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

2.8

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 debt instrument.

2.9

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.

2.10

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	15%	Reducing balance basis
				Office equipment	-	15%	Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 6


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

3.	Employees
	Staff costs, including directors' remuneration, were as follows:
		Period ended 31 December
		2025
		£

	Wages and salaries	272,437
	Social security costs	23,509
	Cost of defined contribution scheme	12,090
		308,036

The average monthly number of employees, including the directors, during the period was as follows:

			Period ended 31 December
			2025
			No.

		Administration	1
		Sales staff	3

			4

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
Additions	2,691	860	3,551
At 31 December 2025	2,691	860	3,551
Depreciation
Charge for the period	336	118	454
At 31 December 2025	336	118	454
Net book value
At 31 December 2025	2,355	742	3,097

Page 7


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

5.	Stocks
		2025
		£

	Goods for resale	130,655
		130,655

Debtors

					2025
					£


	Trade debtors	38,030
	Other debtors	6,000
	Prepayments and accrued income	6,999
	Deferred taxation	49,868
		100,897

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	11,858
	Amounts owed to group undertakings	218,786
	Other taxation and social security	73,831
	Other creditors	43,120
	Accruals and deferred income	45,203
		392,798

8.	Creditors: Amounts falling due after more than one year
		2025
		£

	Amounts owed to group undertakings	407,737
		407,737

The loan is repayable in monthly instalments and bears interest at 7.5%.

Page 8


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

9.	Loans
	Analysis of the maturity of loans is given below:
		2025
		£

	Amounts falling due within one year
	Amounts owed to group undertakings	28,259
	Amounts falling due 1-2 years
	Amounts owed to group undertakings	242,220
	Amounts falling due 2-5 years
	Amounts owed to group undertakings	165,517

		435,996

Page 9


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

10.	Deferred taxation

		2025
		£

	Credit to profit or loss	49,868
	At end of year	49,868

	The deferred tax asset is made up as follows:
					2025
					£

	Accelerated capital allowances	(774)
	Tax losses carried forward	50,642
		49,868

11.	Commitments under operating leases
	At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		2025
		£

	Not later than 1 year	2,000
		2,000

12.	Directors' transactions

		2025
		£

	Amounts advanced by the director during the period	30,043
	Amounts repaid to the director during the period	(43)
	Balance at 31 December 2025	30,000

There was no interest charged on the above loan from one of the directors to the company and it was deemed repayable on demand.

13.	Controlling party

The parent of the smallest group for which consolidated financial statements are drawn up is FAUDI Aviation GmbH. The address of its registered office is: Faudi-Strasse 1, 35260 Stadtallendorf, Germany.

Page 10


SEFISO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

14.	Auditor's information

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

The audit report was signed on 18 September 2026 by A Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 11