ACCOUNTS - Final Accounts preparation

Company Registration Number 13906671

	SADEL DEVELOPMENT MANAGEMENT LIMITED

	FINANCIAL STATEMENTS

	31 DECEMBER 2025

SADEL DEVELOPMENT MANAGEMENT LIMITED

REGISTERED NUMBER: 13906671

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets	4		7,858		1,079
			7,858		1,079
Current assets
Debtors: amounts falling due within one year	5	3,122,374		205,558
Cash at bank and in hand	6	191,599		96,300
		3,313,973		301,858
Creditors: amounts falling due within one year	7	(1,473,415)		(72,003)
Net current assets			1,840,558		229,855
Total assets less current liabilities			1,848,416		230,934
Creditors: amounts falling due after more than one year	8		(1,951,000)		-

Net (liabilities)/assets			(102,584)		230,934

Capital and reserves
Called up share capital	100	100
Profit And Loss Account	(102,684)	230,834
	(102,584)	230,934

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:

A C Lawrence

Director

Date: 16 September 2026

The notes on pages 3 to 7 form part of these financial statements.

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SADEL DEVELOPMENT MANAGEMENT LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	100	175,114	175,214
Comprehensive income for the year
Profit for the year	-	55,720	55,720

At 1 January 2025	100	230,834	230,934
Comprehensive income for the period
Loss for the period	-	(333,518)	(333,518)
At 31 December 2025	100	(102,684)	(102,584)

The notes on pages 3 to 7 form part of these financial statements.

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SADEL DEVELOPMENT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

The company is a private company limited by shares incorporated and domiciled in the United Kingdom. Its registered office is Magnavale House, Park Road, Holmewood Industrial Park, Chesterfield, Derbyshire, S42 5UY.

These financial statements have been presented in Pound Sterling ('£') as this is the currency of the primary economic environment in which the company operates and have been rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 following principal accounting policies have been applied:

2.2

Going concern

The directors have prepared cashflow forecasts and the forecast outlook underpins the directors' expectations that the business will continue to operate as a going concern for the foreseeable future. Continued financial support is available from its parent company in the event that additional funding is required for the company to meet its obligations as they fall due. The directors therefore believe that there are no material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.

2.3

Revenue

Revenue is the amount derived from ordinary activities and consists of the transactions between UK group companies under common control. This is measured at the fair value of the consideration received or receivable.

2.4

Borrowing costs

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

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SADEL DEVELOPMENT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Taxation

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.

2.6

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:

Office equipment

33%

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.

2.7

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.

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SADEL DEVELOPMENT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

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.

2.9

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.

3.	Employees
		2025	2024
		£	£

Wages and salaries	249,853	320,961
Social security costs	34,024	47,476
	283,877	368,437

The average monthly number of employees, including directors, during the period was 3 (2024 - 5).

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SADEL DEVELOPMENT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2025	13,781
	Additions	10,890
	Disposals	(2,015)
	At 31 December 2025	22,656
	Depreciation
	At 1 January 2025	12,702
	Charge for the period on owned assets	4,111
	Disposals	(2,015)
	At 31 December 2025	14,798
	Net book value
	At 31 December 2025	7,858
	At 31 December 2024	1,079

Debtors

					2025	2024
					£	£


Amounts owed by Companies under common control	419,767	73,226
Prepayments and accrued income	149,427	43,937
Other debtors	2,553,180	88,395
	3,122,374	205,558

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	191,599	96,300
	191,599	96,300

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SADEL DEVELOPMENT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

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

Trade creditors	10,563	11,469
Amounts owed to Companies under common control	1,292,493	437
Other taxation and social security	18,733	32,077
Other creditors	346	123
Accruals and deferred income	151,280	27,897
	1,473,415	72,003

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other loans	1,951,000	-
	1,951,000	-

The other loans are unsecured.

9.	Post balance sheet events

Post year end, the Company entered into revised contractual arrangements relating to the Avonmouth project. As a result, amounts totalling £2,534,992, included within other debtors as at 31 December 2025, were subsequently recharged to another company under common control, Magnavale Southwest Operations 1 Limited. The event is considered non-adjusting as the revised agreements were executed after the reporting date. Accordingly, no adjustment has been made to the amounts recognised in these financial statements’.

10.	Controlling party

The immediate parent undertaking is Sadel Management S.à r.l., a company incorporated in Luxembourg.

The ultimate parent undertaking is Sadel Group S.à r.l., a company registered in Luxembourg.

The ultimate controlling party by virtue of his 100% shareholding in Sadel Group S.à r.l. is S A Lawrence.

11.	Auditors' information

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

The audit report was signed on 17 September 2026 by Steven Williams (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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