ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 11686966

SWIFTPAK HOLDINGS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SWIFTPAK HOLDINGS LIMITED

REGISTERED NUMBER:11686966

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		21,216		23,762
Investments	5		-		90
Investment property	6		5,600,000		5,600,000
			5,621,216		5,623,852
Current assets
Debtors: amounts falling due within one year	7	3,602		253,321
Cash at bank and in hand	8	429,583		463,995
		433,185		717,316
Creditors: amounts falling due within one year	9	(947,229)		(873,939)
Net current liabilities			(514,044)		(156,623)
Total assets less current liabilities			5,107,172		5,467,229
Creditors: amounts falling due after more than one year	10		(238,257)		(275,550)
Provisions for liabilities
Deferred tax		(784,118)		(784,563)
			(784,118)		(784,563)
Net assets			4,084,797		4,407,116

Capital and reserves
Called up share capital	13	106	100
Revaluation reserve	14	2,793,514	2,793,514
Profit and loss account	14	1,291,177	1,613,502
		4,084,797	4,407,116

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SWIFTPAK HOLDINGS LIMITED

REGISTERED NUMBER:11686966

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

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 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 comprehensive income 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 by:

C Gulley

Director

Date: 17 September 2026

The notes on pages 4 to 12 form part of these financial statements.

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SWIFTPAK HOLDINGS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	100	1,793,514	1,909,521	3,703,135

Profit for the year	-	-	23,981	23,981
Gain/(loss) on revaluation of investment property	-	1,000,000	-	1,000,000
Dividends	-	-	(320,000)	(320,000)

At 1 January 2025	100	2,793,514	1,613,502	4,407,116

Loss for the year	-	-	(102,325)	(102,325)
Dividends	-	-	(220,000)	(220,000)
Shares issued during the year	6	-	-	6
At 31 December 2025	106	2,793,514	1,291,177	4,084,797

The notes on pages 4 to 12 form part of these financial statements.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Swiftpak Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11686966, and registered office address is Swiftpak House, Arrowhead Road, Theale, Reading, Berkshire, RG7 4AH.

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 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 judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

Having completed their assessment, the Directors have concluded that there are no material uncertainties to cast doubt on the ability of the Company to continue as a going concern.

The Company's detailed cash flow forecasts show it will operate with an appropriate level of headroom for the period of 12 months from approval of these financial statements. The Directors are satisfied that they could manage a reasonable level of unforeseen change of the business' performance.

2.3

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:

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.

2.4

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.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year 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.

2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements

10%

straight-line

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.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.9

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

2.10

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.

2.11

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.

2.12

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.

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.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.14

FINANCIAL INSTRUMENTS

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2.15

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

EMPLOYEES

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

4.	TANGIBLE FIXED ASSETS

		Leasehold improvements
		£
	COST
	At 1 January 2025	25,459
	At 31 December 2025	25,459
	DEPRECIATION
	At 1 January 2025	1,697
	Charge for the year	2,546
	At 31 December 2025	4,243
	NET BOOK VALUE
	At 31 December 2025	21,216
	At 31 December 2024	23,762

5.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£

	At 1 January 2025	90
	Disposals	(90)
	At 31 December 2025	-

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	INVESTMENT PROPERTY

		Freehold investment property
		£
	VALUATION
	At 1 January 2025	5,600,000
	AT 31 DECEMBER 2025	5,600,000

The investment property was last externally valued by Cluttons LLP, who are not connected to the Company. The current Directors' assessment of value based on their view of the property and market conditions is equal with the current value held at year-end.

DEBTORS

					2025	2024
					£	£


Amounts owed by connected companies	-	218,826
Other debtors	3,602	34,495
	3,602	253,321

8.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	429,583	463,995
	429,583	463,995

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Bank loans	58,327	58,327
Trade creditors	-	5,733
Amounts owed to group undertakings	517,219	274,169
Corporation tax	39,287	53,206
Other creditors	332,396	482,504
	947,229	873,939

10.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Bank loans	238,257	275,550
	238,257	275,550

AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans	58,327	58,327
AMOUNTS FALLING DUE 1-2 YEARS
Bank loans	238,257	275,550
	238,257	275,550


	296,584	333,877

Bank loans are repayable in full by 2032 and interest is payable at 6.675%.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(784,563)
	Credit to profit or loss	445
	AT END OF YEAR	(784,118)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	732	286
Capital gains	(784,850)	(784,849)
	(784,118)	(784,563)

13.	SHARE CAPITAL
		2025	2024
		£	£

AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID

105,750 (2024: 100) Ordinary A shares of £0.001 each	106	100

On the 25 November the group of which this entity forms a part underwent a restructure. As part of this the share capital of 100 shares of £1 nominal value were subdivided into 100,000 shares of £0.001 nominal value. On this date a further 5,750 shares were issued at a nominal value of £0.001 for £5.75.

14.

RESERVES

Called up share capital

Called up share capital represents the issued and fully paid up equity share capital of the Company.

Revaluation reserve

The revaluation reserve amounts to the surplus above cost on the valuation of freehold land and buildings held.

Profit and loss account

The profit and loss account represents cumulative profits, losses and total other recognised gains or losses made by the Company including distributions to, and contributions from, the parent shareholders.

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SWIFTPAK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

15.	RELATED PARTY TRANSACTIONS

		2025	2024
		£	£

Amounts due from connected companies via common Directorship	-	218,826
Amounts due to close family members of Directors	(247,104)	(225,673)
Amounts due to a Director	(55,292)	(226,831)

The Company has utilised the exemption under FRS102 Section 33 as a wholly owned subsidiary undertaking to not disclose transactions with other entities that are part of the Group and are wholly owned by Swiftpak Holdings Limited.

16.	CONTROLLING PARTY

There is considered to be no ultimate controlling party.

On the 25 November 2025 the group of which the entity forms a part underwent a restructure resulting in the transfer of all share capital in the entity to the new immediate parent company RCMW Holdings Limited.

17.	AUDITORS' INFORMATION

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

The audit report was signed on 17 September 2026 by Simon Morrison FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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