Registration number: 00934848

Sequel Group Limited

Contents

Company Information	1
Abridged Statement of Financial Position	2 to 3
Statement of Changes in Equity	4
Notes to the Unaudited Abridged Financial Statements	5 to 10

Sequel Group Limited

Company Information

Directors

Mr P.V.J. Ciccone Ms S Reed Mr N.G. Andrews

Company secretary

Mr P.V.J. Ciccone

Registered office

79 Essex Road Islington London England N1 2SF

Accountants

Moore Kingston Smith LLP Chartered Accountants 6th Floor Charlotte Building 17 Gresse Street London W1T 1QL

Sequel Group Limited

(Registration number: 00934848)
Abridged Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	10,422	14,854
Current assets
Stocks	7	9,383	2,328
Debtors		545,691	542,234
Cash at bank and in hand		265,587	330,291
		820,661	874,853
Creditors: Amounts falling due within one year		(831,900)	(660,864)
Net current (liabilities)/assets		(11,239)	213,989
Net (liabilities)/assets		(817)	228,843
Capital and reserves
Called up share capital	8	12,400	12,400
Share premium reserve		19,291	19,291
Capital redemption reserve		722	722
Retained earnings		(33,230)	196,430
Shareholders' (deficit)/funds		(817)	228,843

Sequel Group Limited

(Registration number: 00934848)
Abridged Statement of Financial Position as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

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

Mr P.V.J. Ciccone

Company secretary and director

Sequel Group Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

	Share capital £	Share premium £	Capital redemption reserve £	Retained earnings £	Total £
At 1 January 2025	12,400	19,291	722	196,430	228,843
Loss for the year	-	-	-	(229,660)	(229,660)
At 31 December 2025	12,400	19,291	722	(33,230)	(817)

Sequel Group Limited

Notes to the Unaudited Abridged Financial Statements for the 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 is:
79 Essex Road
Islington
London
N1 2SF
England

These financial statements were authorised for issue by the Board on 30 October 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling which is the functioning currency of the company. Monetary amounts in the financial statements are rounded to the nearest pound.

Preparation of consolidated financial statements
In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by section 383 of the Companies Act 2006 not to produce group accounts.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Sequel Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Going concern

At the year end, the company had net liabilities of £817 (2024: net assets of £228,843). During the financial year, the directors took cost-cutting measures in response to the financial performance of the business. Post year end the company has been profitable and the directors continue to closely monitor the costs within the business.

The directors have taken the future pipeline and forecasts into consideration, and as a result have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The directors believe that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts. Thus, the directors continue to adopt the going concern basis of accounts in preparing the financial statements.

Revenue recognition

Turnover represents revenue due from the normal activities of the business to the extent that the seller obtains
the right to consideration in exchange for its performance of those activities, exclusive of VAT.
The revenue recognised is measured by reference to the amounts likely to be chargeable to clients, less a
suitable allowance to recognise the uncertainties remaining in the completion of obligations.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency 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 at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises 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.

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 taxable
income.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Sequel Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Asset class	Depreciation method and rate
Fixtures & fittings	Straight line 25%
Office equipment	Straight line 33%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line 10%

Stocks

Work in progress is valued at the lower of cost and net realisable value and represents bought in costs and direct staff costs appropriate to the stage of completion of each project.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2024 - 28).

Sequel Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2025	325,425
At 31 December 2025	325,425
Amortisation
At 1 January 2025	325,425
At 31 December 2025	325,425
Carrying amount
At 31 December 2025	-
At 31 December 2024	-

5	Tangible assets

	Furniture, fittings and equipment  £
Cost or valuation
At 1 January 2025	77,765
Additions	4,490
At 31 December 2025	82,255
Depreciation
At 1 January 2025	62,911
Charge for the year	8,922
At 31 December 2025	71,833
Carrying amount
At 31 December 2025	10,422
At 31 December 2024	14,854

Sequel Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

6	Investments

The company's investment at the balance sheet date in the share capital in group undertakings comprises:

Pans Ltd (dormant) a company incorporated in England and Wales
100% holding Ordinary Shares
Cost £2 less cost written off £2.
Net Book Value at 31.12.25 and 31.12.24 £Nil
Aggregate capital and reserves at 28.2.25 and 28.2.24 £2.

2025 £

2024 £