SECURITISATION OF CATALOGUE ASSETS (UK) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has carefully considered its cash flows for the next 12 months from the date of signing the audited financial statements. These have been appraised in the light of the uncertainty in the current economic climate including the impact arising from the rise in the ongoing cost of living and the Ukrainian and Russian conflict. Given the current conflict, the rise in the cost of living in the UK and the resulting economic conditions, the level of uncertainty has increased however, the impact on the Company is limited due its structure which has been established to ensure the Company is bankruptcy remote. In addition, Shop Direct Finance Company has continued to trade effectively despite the prevailing economic conditions. Post year end, the Company received interest income and principal repayments in line with contractual terms of the loan and there has been no arrears on these receipts. Due to the limited recourse nature of the Loan notes, the losses will be borne by the Noteholders and will not be any impact on the loan assets given that any receipts on the loans are matched to the payment on the Notes. The Board of Directors (the "Board") will continue to monitor the impact on the Company's activities.”

Significant events

• “Since October 2023, there has been an armed conflict between Israel and Hamas-led Palestinian militant groups in the Gaza Strip. In 2024, there were ongoing negotiations for ceasefire and a ceasefire agreement between Isreal and Hamas was reached in 2025. However Israel committed ceasefire violations and the war is ongoing.”
• “The financial markets and commodities markets have been impacted by the ongoing Russia/Ukraine conflict, including the implementation of various economic sanctions by multiple jurisdictions on select Russian government and military leaders, financial institutions, business leaders and the Central Bank of Russia.”
• “In recent weeks, tariffs or the threat of tariffs have created significant uncertainty and challenges for businesses around the world... As of the date, the tariffs have had no material impact on the financial position of the Company. However, the Company continues to monitor the macro-economic environment including inflationary risk and in particular economic factors relating to the Notes in issue.”
• “SOCA Limited had previously applied to The International Stock Exchange Authority Limited (the Authority") for permission to list up to £1,186,580,000 Class A-S Notes on the Official List of The International Stock Exchange (the "Exchange"). On 09 January 2025, another application was made to the Authority for permission to list up to an additional £157,320,000 Class A-S Variable Funding Notes on the Official List of the Exchange. Both applications were approved. As such, SOCA Limited now has permission to list up to £1,343,900,000 Class A-S Notes on the Official List of the Exchange. As at 30 June 2025, the Variable Funding notes was £15,633,544.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9%

  £1,002,000 → £912,000

• Cash

  -1.7%

  £58,000 → £57,000

• Net assets

  +8.2%

  £49,000 → £53,000

• Employees

  —

  Not reported

• Profit before tax

  +150%

  £2,000 → £5,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers