Avania UK Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Avania UK Ltd

Balance Sheet

31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,440	7,078
Current assets
Debtors	5	355,440	3,987,265
Cash at bank and in hand		1,257,310	57,767
		1,612,750	4,045,032
Creditors: Amounts falling due within one year	6	(333,789)	(3,081,810)
Net current assets		1,278,961	963,222
Total assets less current liabilities		1,281,401	970,300
Provisions for liabilities		(610)	(1,770)
Net assets		1,280,791	968,530
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		1,280,691	968,430
Shareholders' funds		1,280,791	968,530

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 September 2026 and signed on its behalf by:
 

......................................... D G Stickland Director

Company Registration Number: 13088978

Avania UK Ltd

Notes to the Financial Statements

Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom

The principal place of business is:
Third Floor
2 Glass Wharf
Bristol
BS2 0EL

These financial statements were authorised for issue by the Board on 14 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The preparation of the financial statements requires the directors to make a number of judgements, including an assessment of the appropriateness of the going concern basis of preparation of the financial statements. The company has net current assets of £1,278,961 (2024 - £963,222) and net assets of £1,280,791 (2024 - £968,530) as at 31 December 2025. The directors are satisfied that the going concern basis of preparation remains appropriate. In forming this opinion, and having made all necessary enquiries and considered a period of no less than 12 months from the date of approval of these financial statements, the directors have considered the following key matters: This assessment includes a review of the future economic environment and the company’s prospects and performance. The Directors have prepared a budget and monitor the post year end performance against this budget. The company trades exclusively with other group members, therefore the ultimate parent company has confirmed its intention to provide additional funding by way of support to the Company, for a period of at least twelve months from the date of approval of these financial statements.The director's assessment is therefore that the company will continue to be able to meet its liabilities as they fall due.

Avania UK Ltd

Notes to the Financial Statements

Year Ended 31 December 2025

Revenue recognition

Turnover comprises the provision of services to fellow group companies. The company recognises turnover to match the direct costs incurred. Turnover is shown net of value added tax.

Foreign currency transactions and balances

Transactions in foreign currency are initially recorded at the functional currency (sterling) rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity (sterling) at the rates prevailing on the reporting period date.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment and Hardware	3 years (Straight line)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Avania UK Ltd

Notes to the Financial Statements

Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Avania UK Ltd

Notes to the Financial Statements

Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors and trade and other creditors;
• Intercompany debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Key accounting judgements and sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other fasctors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The key judgement which has a significant effect on the financial statements is in respect of going concern, as described in the accounting policy above.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

Avania UK Ltd

Notes to the Financial Statements

Year Ended 31 December 2025

4	Tangible assets

	Computer equipment and hardware £	Total £
Cost or valuation
At 1 January 2025	16,207	16,207
Additions	582	582
Disposals	(5,596)	(5,596)
At 31 December 2025	11,193	11,193
Depreciation
At 1 January 2025	9,129	9,129
Charge for the year	4,706	4,706
Eliminated on disposal	(5,082)	(5,082)
At 31 December 2025	8,753	8,753
Carrying amount
At 31 December 2025	2,440	2,440
At 31 December 2024	7,078	7,078

5

Debtors

	2025 £	2024 £
Amounts owed by group undertakings	234,856	3,947,031
Prepayments	3,618	4,354
Other debtors	116,966	35,880
	355,440	3,987,265

Avania UK Ltd

Notes to the Financial Statements

Year Ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	849	16,067
Amounts owed to group undertakings	215,347	2,867,083
Corporation tax	-	103,504
Taxation and social security	69,313	65,065
Other creditors	14,560	8,632
Accruals and deferred income	33,720	21,459
	333,789	3,081,810

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Parent and ultimate parent undertaking

The company's immediate parent is Eagle BidCo BV, incorporated in the Netherlands.

The parent of the group in which these financial statements are consolidated is Eagle HoldCo BV, incorporated in the Netherlands.

These financial statements are available upon request from Prof. Bronkhorstlaan 10, Bld. 54, 3723 MB Bilthoven, Netherlands.

9	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Rachael Pepler FCA, who signed for and on behalf of PKF Francis Clark on 15 September 2026.