Company registration number 07518522 (England and Wales)
MASTERWEAVER LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
MASTERWEAVER LIMITED
COMPANY INFORMATION
DIRECTORS
Mr K M Govender
Mr S Radisa
COMPANY NUMBER
07518522
REGISTERED OFFICE
55 Baker Street
London
W1U 7EU
AUDITOR
JW Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
MASTERWEAVER LIMITED
CONTENTS
PAGE
Directors' report
1 - 2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Income statement
7
Statement of financial position
8 - 9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 30
MASTERWEAVER LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

PRINCIPAL ACTIVITIES

The principal activity of the company continued to be that of carpet distributors.

RESULTS AND DIVIDENDS

The results for the year are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

DIRECTORS

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr K M Govender
Mr S Radisa
SUPPLIER PAYMENT POLICY

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

- settle the terms of payment with suppliers when agreeing the terms of each transaction;

- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

- pay in accordance with the company's contractual and other legal obligations.

Trade creditors of the company at the year end were equivalent to 138 day's purchases, based on the average daily amount invoiced by suppliers during the year.

AUDITOR

In accordance with the company's articles, a resolution proposing that JW Hinks LLP be reappointed as auditor of the company will be put at the forthcoming Annual General Meeting.

STATEMENT OF DISCLOSURE TO AUDITOR

Each director in office at the date of approval of this annual report confirms that:

- so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

- the director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006.

SMALL COMPANIES EXEMPTION

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

MASTERWEAVER LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
On behalf of the board
Mr S Radisa
DIRECTOR
29 August 2025
MASTERWEAVER LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, International Accounting Standard 1 requires that directors:

- properly select and apply accounting policies;

- present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

- provide additional disclosures when compliance with the specific requirements in IFRSs are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance; and

- make an assessment of the company's ability to continue as a going concern.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MASTERWEAVER LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MASTERWEAVER LIMITED
- 4 -
OPINION

We have audited the financial statements of Masterweaver Limited (the 'company') for the year ended 31 March 2025 which comprise the income statement, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and UK adopted international accounting standards.

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with IFRSs as adopted by the European Union; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

MATERIAL UNCERTAINTY RELATED TO GOING CONCERN

In forming our opinion of the financial statements, we have considered the adequacy of the disclosures made in note 19 to the financial statements concerning the company's ability to continue as a going concern.

These financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the company's parent undertaking, Crossley Holdings (Proprietary) Limited, to ensure adequate facilities are available for the company to discharge its liabilities as they fall due. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue indefinitely, although at the date of approval of these financial statements, the directors are in receipt of a letter from the company's parent undertaking indicating that support will be available for the foreseeable future.

Based on this undertaking, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments which would result from the basis of preparation being appropriate.

The company has experienced a profit in the year of £107,363 and at the balance sheet date had net liabilities of £1,194,578. The amount due to the parent company at the balance sheet date was £1,650,024 and the parent company had indicated that the amount due to it will be deferred.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

MASTERWEAVER LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MASTERWEAVER LIMITED
- 5 -
OTHER INFORMATION

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

MASTERWEAVER LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MASTERWEAVER LIMITED
- 6 -

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and discussed the policies and procedures regarding compliance.

Specific areas considered were as follows:

- Enquiring with management and others to gain an understanding of the organisation itself including operations, financial reporting and known fraud or error.

- Evaluating and understanding the internal control system.

- Performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear.

- Testing documentation supporting account balances or classes of transactions.

- Observing the physical stock count.

- Confirming accounts receivable and other accounts with a third party.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected all irregularities including those leading to material misstatements in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards.

This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

MARCUS ROSE FCA CTA (SENIOR STATUTORY AUDITOR)
FOR AND ON BEHALF OF
JW HINKS LLP
JW Hinks LLP
CHARTERED ACCOUNTANTS
STATUTORY AUDITOR
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
29 August 2025
MASTERWEAVER LIMITED
INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
as restated
Notes
£
£
Revenue
3
2,009,578
1,493,558
Cost of sales
(1,634,805)
(1,280,690)
GROSS PROFIT
374,773
212,868
Administrative expenses
(265,302)
(225,448)
OPERATING PROFIT/(LOSS)
4
109,471
(12,580)
Finance costs
7
(1,896)
-
0
PROFIT/(LOSS) BEFORE TAXATION
107,575
(12,580)
Income tax expense
8
(212)
-
PROFIT/(LOSS) AND TOTAL COMPREHENSIVE INCOME FOR THE YEAR
107,363
(12,580)

The income statement has been prepared on the basis that all operations are continuing operations.

MASTERWEAVER LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 8 -
2025
2024
as restated
Notes
£
£
NON-CURRENT ASSETS
Property, plant and equipment
9
115,619
978
Deferred tax asset
16
28,791
-
0
144,410
978
CURRENT ASSETS
Inventories
10
416,763
487,202
Trade and other receivables
11
357,277
387,377
Cash and cash equivalents
235,352
424,079
1,009,392
1,298,658
CURRENT LIABILITIES
Trade and other payables
13
557,843
776,056
Borrowings
14
(4,503)
(4,503)
Lease liabilities
15
64,802
-
0
618,142
771,553
NET CURRENT ASSETS
391,250
527,105
NON-CURRENT LIABILITIES
Borrowings
14
1,650,024
1,830,024
Lease liabilities
15
51,211
-
0
Deferred tax liabilities
16
29,003
-
0
1,730,238
1,830,024
NET LIABILITIES
(1,194,578)
(1,301,941)
EQUITY
Called up share capital
18
100
100
Retained earnings
(1,194,678)
(1,302,041)
TOTAL EQUITY
(1,194,578)
(1,301,941)
MASTERWEAVER LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 9 -

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 August 2025 and are signed on its behalf by:
Mr S Radisa
DIRECTOR
Company registration number 07518522 (England and Wales)
MASTERWEAVER LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
Share capital
Retained earnings
Total
£
£
£
AS RESTATED FOR THE PERIOD ENDED 31 MARCH 2024:
BALANCE AT 1 APRIL 2023
100
(1,289,461)
(1,289,361)
BALANCE AT 1 APRIL 2023
100
(1,289,461)
(1,289,361)
YEAR ENDED 31 MARCH 2024:
Loss and total comprehensive income
-
(12,580)
(12,580)
BALANCE AT 31 MARCH 2024
100
(1,302,041)
(1,301,941)
YEAR ENDED 31 MARCH 2025:
Profit and total comprehensive income
-
107,363
107,363
BALANCE AT 31 MARCH 2025
100
(1,194,678)
(1,194,578)
MASTERWEAVER LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
2025
2024
as restated
Notes
£
£
£
£
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
23
8,773
34,162
Interest paid
(1,896)
-
0
NET CASH INFLOW FROM OPERATING ACTIVITIES
6,877
34,162
FINANCING ACTIVITIES
Repayment of borrowings
(180,000)
(30,592)
Payment of lease liabilities
(15,604)
-
0
NET CASH USED IN FINANCING ACTIVITIES
(195,604)
(30,592)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS
(188,727)
3,570
Cash and cash equivalents at beginning of year
424,079
420,509
Cash and cash equivalents at end of year
235,352
424,079
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
ACCOUNTING POLICIES
COMPANY INFORMATION

Masterweaver Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Baker Street, London, W1U 7EU.

The principal place of business is Stourport Road, Kidderminster, Worcestershire, DY11 7QL.

1.1
ACCOUNTING CONVENTION

Masterweaver Limited is a company domiciled in the United Kingdom.

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the European Union and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, (except as otherwise stated).

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
GOING CONCERN

These financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the company's parent undertaking, Crossley Holdings (Proprietary) Limited, to ensure adequate facilities are available for the company to discharge its liabilities as they fall due. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue indefinitely, although at the date of approval of these financial statements, the directors are in receipt of a letter from the company's parent undertaking that support will be available for the foreseeable future.true

Based on this undertaking, the director believes that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments which would result from the basis of preparation being inappropriate.

1.3
REVENUE

Turnover represents net invoiced sales of goods, excluding value added tax.

The company recognises revenue from the following major sources:

- Carpet sales

1.4
PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings - ROU Asset
Over period of the lease
Fixtures and fittings
20% on cost and 16.66% on cost
Plant and equipment
10% on cost
Computers
33% on cost
Motor vehicles
20% on cost
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 13 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

1.5
IMPAIRMENT OF TANGIBLE AND INTANGIBLE ASSETS

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
INVENTORIES

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowing moving items.

Inventories that have not moved for 18 months are considered to have a value of £6.00 per square metre and a provision is applied accordingly.

1.7
CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
FINANCIAL ASSETS

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 14 -
1.9
FINANCIAL LIABILITIES

The company recogni s es financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including borrowings, t rade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.10
EQUITY INSTRUMENTS

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 15 -
1.12
EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of inventories or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
RETIREMENT BENEFITS

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

1.14
LEASES

At inception, the company assesses whether a contract is, or contains, a lease within the scope of IFRS 16. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within property, plant and equipment, apart from those that meet the definition of investment property.

The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the commencement date plus any initial direct costs and an estimate of the cost of obligations to dismantle, remove, refurbish or restore the underlying asset and the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently adjusted for remeasurements of the lease liability and applies the relevant cost model, fair value model or revaluation model as set out within the accounting policies for the applicable asset class. Where the cost model is applied, the asset is depreciated from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term, and is periodically reduced by impairment losses, if any.

The lease liability is initially measured at the present value of the lease payments that are unpaid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed payments, variable lease payments that depend on an index or a rate, amounts expected to be payable under a residual value guarantee, and the cost of any options that the company is reasonably certain to exercise, such as the exercise price under a purchase option, lease payments in an optional renewal period, or penalties for early termination of a lease.

The lease liability is measured at amortised cost using the effective interest method. It is re assessed at each financial period end to reflect lease modifications and any changes to the factors considered at initial measurement, as set out above. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

The company has elected not to recognise right-of-use assets and lease liabilities for short-term leases of machinery that have a lease term of 12 months or less, or for leases of low-value assets including IT equipment. The payments associated with these leases are recognised in profit or loss on a straight-line basis over the lease term.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 16 -
1.15
FOREIGN EXCHANGE

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.16
SIGNIFICANT ACCOUNTING POLICIES

New and revised IFRSs applied with no material effect on the financial statements

The accounting policies adopted are consistent with those of the previous period’s financial period, except for the following amendments to IFRS effective for annual period beginning on or before April 1, 2024 which did not have a material effect on the financial statements:

Pronouncements applicable to entities applying IFRSs at the IASB effective dates:

Standards

- IFRS S1 - General Requirements for Disclosure of Sustainability-related Financial Information

- IFRS S2 - Climate-related financial disclosures

Amendments

- Classification of Liabilities as Current or Non-Current (Amendments to IAS 1)

- Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)

- Non-current Liabilities with Covenants (Amendments to IAS 1)

- Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 17 -

New and revised standards

The standards and interpretations that are issued, up to the date of issuance of the Company’s financial statements are disclosed below. The management anticipates that these standards and amendments will have no material effect on the financial statements. The Company intends to adopt these standards, if applicable, when they become effective.

New and revised IFRSs New or revised pronouncement | Effective for annual periods beginning on or after
- IFRS S1 General Requirements for Disclosure of Sustainability-related Financial information - IFRS S2 Climate-related disclosures - IFRS 18 Presentation and Disclosures in Financial Statements - IFRS 19 Subsidiaries without Public Accountability: Disclosures Amendments New or revised pronouncement - Classification of Liabilities as Current or Non-Current (Amendments to IAS 1) - Classification of Liabilities as Current or Non-current - Deferral of Effective Date (Amendment to IAS 1) - Amendments IFRS 9 and IFRS 7 regarding the classification and measurement of financial instruments - Annual improvements to IFRS Accounting Standards - Volume 11 - Contracts referencing nature-dependent electricity (Amendments to IFRS 9 and IFRS 7) - Amendments to the SASB standards to enhance their international applicability - Lack of exchangeability (Amendments to IAS 21) - Supplier finance arrangements (Amendments to IAS 7 and IFRS 7) - Non-current liabilities and covenants (Amendments to IAS 1) - Lease liability in a sale and leaseback (Amendments to IFRS 16) | April 2024 (Not yet endorsed) 01 April 2024 (Not yet endorsed) 01 April 2027 (Not yet endorsed) 01 April 2027 (Not yet endorsed) 01 April 202 4 (Mandatory) 01 April 2024 (Mandatory) 01 April 2026 (Not endorsed) 01 April 2026 (Not endorsed) 01 April 2026 (Not endorsed) 01 April 2025 (Not endorsed) 01 April 2025 (Optional) 01 April 2024 (Mandatory) 01 April 2024 (Mandatory) 01 April 2024 (Mandatory)

Management anticipates that the adoption of the above standards in future years will have no material impact on the financial statements of the Company in the period of initial application.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
2
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors 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 estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

VALUATION OF LEASE LIABILITIES AND RIGHT-OF-USE ASSETS

The application of IFRS 16 requires the company to make judgments that affect the valuation of the lease liabilities and the valuation of right-of-use assets. These include: determining contracts in scope of IFRS 16, determining the contract term and determining the interest rate used for discounting of future cash flows.

Accounting policy 1.1 4 sets out the company's policy for accounting for leases within the scope of IFRS 16.

STOCK PROVISION

The Company holds significant levels of carpet inventory. Under IFRS, inventories are stated at the lower of cost and net realisable value (NRV). Determining the NRV involves significant estimation and judgement by management.

Provision is made against inventory where it is considered slow-moving, damaged, or where selling prices are expected to fall below cost. In making this assessment, management considers factors such as the age and turnover of stock and current selling prices in the retail market.

Changes in consumer demand or pricing pressure could lead to material adjustments to this estimate in future periods.

3
REVENUE

An analysis of the company's revenue is as follows:

2025
2024
£
£
REVENUE ANALYSED BY CLASS OF BUSINESS
Carpet sales
2,009,578
1,493,558
2025
2024
£
£
REVENUE ANALYSED BY GEOGRAPHICAL MARKET
United Kingdom
448,842
480,530
Europe
1,560,736
1,013,028
2,009,578
1,493,558
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
4
OPERATING PROFIT/(LOSS)
2025
2024
Operating profit/(loss) for the year is stated after charging/(crediting):
£
£
Exchange gains
(4,580)
(1,755)
Fees payable to the company's auditor for the audit of the company's financial statements
7,150
6,950
Depreciation of property, plant and equipment
16,976
568
Cost of inventories recognised as an expense
1,532,787
1,211,120
5
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
2
2
Administration
1
1
Direct
2
2
Total
5
5

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
125,040
119,582
Social security costs
7,235
4,876
Pension costs
2,996
2,765
135,271
127,223
6
DIRECTORS' REMUNERATION
2025
2024
£
£
Remuneration for qualifying services
48,000
48,000
Company pension contributions to defined contribution schemes
1,253
1,258
49,253
49,258
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
DIRECTORS' REMUNERATION
(Continued)
- 20 -

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 1).

7
FINANCE COSTS
2025
2024
£
£
Interest on Right of Use Asset - IFRS 16
1,896
-
0
8
INCOME TAX EXPENSE
2025
2024
£
£
DEFERRED TAX
Origination and reversal of temporary differences
212
-
0

The charge for the year can be reconciled to the profit/(loss) per the income statement as follows:

2025
2024
£
£
Profit/(loss) before taxation
107,575
(12,580)
Expected tax charge/(credit) based on a corporation tax rate of 25.00% (2024: 25.00%)
26,894
(3,145)
Effect of expenses not deductible in determining taxable profit
(4,113)
5
Unutilised tax losses carried forward
-
0
3,133
Permanent capital allowances in excess of depreciation
4,117
7
Losses utilised
(26,898)
-
0
Deferred tax movement
212
-
0
TAXATION CHARGE FOR THE YEAR
212
-

No liability to UK corporation tax arose for the year ended 31 March 202 5 nor for the year ended 31 March 202 4.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
9
PROPERTY, PLANT AND EQUIPMENT
Leasehold land and buildings - ROU Asset
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
COST
At 1 April 2023 and 1 April 2024
-
0
17,730
26,736
23,170
17,500
85,136
Additions
131,617
-
0
-
0
-
0
-
0
131,617
At 31 March 2025
131,617
17,730
26,736
23,170
17,500
216,753
ACCUMULATED DEPRECIATION AND IMPAIRMENT
At 1 April 2023
-
0
16,635
26,736
22,719
17,500
83,590
Charge for the year
-
0
365
-
0
203
-
0
568
At 31 March 2024
-
0
17,000
26,736
22,922
17,500
84,158
Charge for the year
16,452
365
-
0
159
-
0
16,976
At 31 March 2025
16,452
17,365
26,736
23,081
17,500
101,134
CARRYING AMOUNT
At 31 March 2025
115,165
365
-
89
-
115,619
At 31 March 2024
-
730
-
248
-
978

Property, plant and equipment includes right-of-use assets, as follows:

RIGHT-OF-USE ASSETS
2025
2024
£
£
NET VALUES AT THE YEAR END
Property
115,165
-
TOTAL ADDITIONS IN THE YEAR
131,617
-
DEPRECIATION CHARGE FOR THE YEAR
Property
16,452
-

ROU = Right of Use Asset accounted for in accordance with IFRS 16 lease accounting.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
10
INVENTORIES
2025
2024
£
£
Finished goods
416,763
487,202

The directors consider the carrying value of inventories to be an approximation of their fair value. Inventories are stated net of a provision of £441,936 (202 4: £405,056).

11
TRADE AND OTHER RECEIVABLES
2025
2024
£
£
Trade receivables
414,805
464,479
Provision for bad and doubtful debts
(93,851)
(91,294)
320,954
373,185
VAT recoverable
36,323
13,684
Amounts owed by fellow group undertakings
-
0
508
357,277
387,377

At 31 March 202 5 trade debtors and amounts due from group undertakings included euro denominated balances of €361,653 (202 4: €222,842) and €nil (202 4: €nil) respectively. All other receivables were sterling denominated.

12
TRADE RECEIVABLES - CREDIT RISK

Some of the unimpaired trade receivables are past due as at the reporting date. The age of the trade receivables past due but not impaired is as follows:

AGEING OF PAST DUE BUT NOT IMPAIRED RECEIVABLES
2025
2024
£
£
Current
101,809
120,065
30 days
110,115
135,070
60 days
754
5,514
90 days
108,276
112,536
320,954
373,185

The directors consider the carrying value of trade and other receivables to be an approximation of their fair value.

Credit risk

The company's principal financial assets are bank balances and cash, and trade and other receivables. There is no concentration of credit risk.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
13
TRADE AND OTHER PAYABLES
2025
2024
£
£
Trade payables
547,525
764,152
Accruals
7,109
8,356
Social security and other taxation
2,655
2,986
Other payables
554
562
557,843
776,056

At 31 March 202 5 trade payables and amounts owed to group undertakings included euro denominated balances of €604,269 (202 4: €7 55,151) and €nil (202 4: €nil) respectively. Also, within trade payables, a balance of $nil (202 4: $nil) remained on US dollar denominated balances. All other payables were sterling denominated.

The directors consider that the carrying amount of trade payables approximates to their fair value.

14
BORROWINGS
Current
Non-current
2025
2024
2025
2024
£
£
£
£
BORROWINGS HELD AT AMORTISED COST:
Directors' loans
(4,503)
(4,503)
-
-
Loans from fellow group undertakings
-
-
1,650,024
1,830,024
15
LEASE LIABILITIES
2025
2024
MATURITY ANALYSIS OF LEASE PAYMENTS
£
£
Within one year
64,802
-
In two to five years
51,211
-
Total undiscounted liabilities
116,013
-

Lease liabilities are classified based on the amounts that are expected to be settled within the next 12 months and after more than 12 months from the reporting date, as follows:

2025
2024
£
£
Current liabilities
64,802
-
0
Non-current liabilities
51,211
-
0
116,013
-
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15
LEASE LIABILITIES
(Continued)
- 24 -
16
DEFERRED TAXATION
Liabilities
Assets
2025
2024
2025
2024
£
£
£
£
Deferred tax balances
29,003
-
0
28,791
-
0
Deferred tax assets are expected to be recovered within one year.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon during the current and prior reporting period.

IFRS16
£
Liability at 1 April 2023 and 1 April 2024
-
DEFERRED TAX MOVEMENTS IN CURRENT YEAR
Charge/(credit) to profit or loss
212
Liability at 31 March 2025
29,003
Asset at 31 March 2025
(28,791)

Deferred tax assets and liabilities are offset in the financial statements only where the company has a legally enforceable right to do so.

17
RETIREMENT BENEFIT SCHEMES
2025
2024
DEFINED CONTRIBUTION SCHEMES
£
£
Charge to profit or loss in respect of defined contribution schemes
2,996
2,765

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 25 -
18
SHARE CAPITAL
2025
2024
2025
2024
ORDINARY SHARE CAPITAL
Number
Number
£
£
AUTHORISED
Ordinary shares of £1 each
100
100
100
100
ISSUED AND FULLY PAID
Ordinary shares of £1 each
100
100
100
100
19
CAPITAL RISK MANAGEMENT

FINANCIAL INSTRUMENTS

The company's approach to the management of capital and market risks is set out in note 1 to the financial statements.

Categories of financial instruments

Financial assets

Loans and receivables (including cash and cash equivalents) amounting to £597,132 (202 4: £815,959).

Financial liabilities

Trade payables amounting to £2,352,883 (202 4: £2,606,080).

Risk Management

Financial Risk Management

Financial risks include market risk (principally foreign currency risk), credit risk, liquidity risk and interest risk. The company seeks to minimise the effect of these risks by developing and applying policies and procedures which are regularly reviewed for appropriateness and effectiveness.

The company's principal financial instruments comprise cash held in current accounts, trade receivables, trade payables and other payables that arise directly from its operations.

Foreign currency risk

Although the company operates in overseas markets, all material sales and purchases are undertaken in sterling. Any foreign exchange exposure from trading with overseas group members is reflected at group level.

Credit risk

Credit risk refers to that risk that a customer or counterparty to a financial instrument fails to meet its contractual obligations, resulting in financial loss to the company, and arises principally from the company's receivables from customers and bank current accounts. Major customers that wish to trade on credit terms are subject to credit verification procedures and receivable balances are monitored on an ongoing basis. The credit risk on bank current account balances is limited because the counterparties are banks with high credit ratings assigned by international credit-rating agencies.

At 31 March 202 5 and 31 March 202 4 there were no significant concentrations of credit risk. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19
CAPITAL RISK MANAGEMENT
(Continued)
- 26 -

Liquidity risk

Liquidity risk is the risk that the company does not have sufficient cash to meet its financial obligations as they fall due.

At the reporting date the company had net cash funds of £235,352 (202 4: £424,079).

Interest risk

The company is exposed to interest rate risk on floating rate deposits and bank overdrafts but this risk is deemed to be immaterial to the company as liquidity is managed on a group basis.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
20
RELATED PARTY TRANSACTIONS

During the financial year, Masterweaver Limited purchased stock and other expenses from its parent company, Crossley Holdings (Proprietary) Limited, amounting to £Nil (202 4: £Nil). Sales and recharges to Crossley Holdings (Proprietary) Limited from Masterweaver Limited amounted to £Nil (202 4: £508).

At the year end, a balance of £4,503 (202 4: £4,503) was owed to the company by Mr S Radisa, a director of the company.

The net amount owing to its parent company at the balance sheet date was £1,650,024 (202 4: £1,829,516).

All transactions were made under usual commercial terms.

21
CONTROLLING PARTY

The company is a wholly owned subsidiary of Crossley Holdings (Proprietary) Limited, a company incorporated in South Africa,

The ultimate parent company is the China Carpet Holding Co, Ltd, a company incorporated in China.

The group accounts can also be attained from 58 North Kunlun Road, Liyangsu Province, China.

22
GOING CONCERN

These financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the company's parent undertaking, Crossley Holdings (Proprietary) Limited, to ensure adequate facilities are available for the company to discharge its liabilities as they fall due. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue indefinitely, although at the date of approval of these financial statements, the directors are in receipt of a letter from the company's parent undertaking indicating that support will be available for the foreseeable future.

Based on this undertaking, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do no t include any adjustments which would result from the basis of preparation being appropriate.

The company has experienced a profit in the year of £107,363 and at the balance sheet date had net liabilities of £1,194,578. The amount due to the parent company at the balance sheet date was £1,650,024 and the parent company had indicated that the amount due to it will be deferred.

MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 28 -
23
CASH GENERATED FROM OPERATIONS
2025
2024
£
£
Profit/(loss) for the year before taxation
107,575
(12,580)
ADJUSTMENTS FOR:
Finance costs
1,896
-
Depreciation and impairment of property, plant and equipment
16,976
568
MOVEMENTS IN WORKING CAPITAL:
Decrease in inventories
70,439
49,613
Decrease/(increase) in trade and other receivables
30,100
(52,806)
(Decrease)/increase in trade and other payables
(218,213)
49,367
CASH GENERATED FROM OPERATIONS
8,773
34,162
24
ANALYSIS OF CHANGES IN NET DEBT
1 April 2024
Cash flows
New leases
31 March 2025
£
£
£
£
Cash at bank and in hand
424,079
(188,727)
-
235,352
Borrowings excluding overdrafts
(1,830,024)
180,000
-
(1,650,024)
Lease liabilities
-
15,604
(131,617)
(116,013)
(1,405,945)
6,877
(131,617)
(1,530,685)
1 April 2023
Cash flows
New leases
31 March 2024
PRIOR YEAR:
£
£
£
£
Cash at bank and in hand
420,509
3,570
-
424,079
Borrowings excluding overdrafts
(1,860,616)
30,592
-
(1,830,024)
(1,440,107)
34,162
-
(1,405,945)
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 29 -
25
PRIOR PERIOD ADJUSTMENT
CHANGES TO THE STATEMENT OF FINANCIAL POSITION
At 31 March 2024
Previously reported
Adjustment
As restated
£
£
£
CURRENT ASSETS
Inventories
624,783
(137,581)
487,202
Net assets
(1,164,360)
(137,581)
(1,301,941)
CAPITAL AND RESERVES
Retained earnings
(1,164,460)
(137,581)
(1,302,041)
Total equity
(1,164,360)
(137,581)
(1,301,941)
CHANGES TO THE INCOME STATEMENT
Period ended 31 March 2024
Previously reported
Adjustment
As restated
£
£
£
Cost of sales
(1,143,109)
(137,581)
(1,280,690)
Profit/(loss) for the financial period
125,001
(137,581)
(12,580)
RECONCILIATION OF CHANGES IN EQUITY
1 April
31 March
2023
2024
Notes
£
£
Equity as previously reported
(1,289,361)
(1,164,360)
ADJUSTMENTS TO PRIOR YEAR
Closing stock
-
(137,581)
Equity as adjusted
(1,289,361)
(1,301,941)
ANALYSIS OF THE EFFECT UPON EQUITY
Retained earnings
-
(137,581)
MASTERWEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
25
PRIOR PERIOD ADJUSTMENT
(Continued)
- 30 -
RECONCILIATION OF CHANGES IN PROFIT/(LOSS) FOR THE PREVIOUS FINANCIAL PERIOD
2024
Notes
£
Profit as previously reported
125,001
ADJUSTMENTS TO PRIOR YEAR
Direct costs
(137,581)
Loss as adjusted
(12,580)
NOTES TO RECONCILIATION

A prior year adjustment has been included in respect of the year ended 31 March 2024. The adjustment relates to overstated closing stock due to a system change. This has reduced the profit for the year ended 31 March 2024 to a loss of £12,580, and net liabilities have increased from £1,164,360 to £1,301,941.

2025-03-31 2024-04-01 false false CCH Software CCH Accounts Production 2025.200 Mr K M Govender Mr S Radisa 07518522 2024-04-01 2025-03-31 07518522 bus:Director1 2024-04-01 2025-03-31 07518522 bus:Director2 2024-04-01 2025-03-31 07518522 bus:RegisteredOffice 2024-04-01 2025-03-31 07518522 2025-03-31 07518522 core:ContinuingOperations 2024-04-01 2025-03-31 07518522 2023-04-01 2024-03-31 07518522 core:ContinuingOperations 2023-04-01 2024-03-31 07518522 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 07518522 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07518522 2024-03-31 07518522 2024-03-31 07518522 2023-03-31 07518522 core:CurrentFinancialInstruments 2025-03-31 07518522 core:CurrentFinancialInstruments 2024-03-31 07518522 core:Non-currentFinancialInstruments 2025-03-31 07518522 core:Non-currentFinancialInstruments 2024-03-31 07518522 core:ShareCapital 2025-03-31 07518522 core:ShareCapital 2024-03-31 07518522 core:RetainedEarningsAccumulatedLosses 2025-03-31 07518522 core:RetainedEarningsAccumulatedLosses 2024-03-31 07518522 core:OtherMiscellaneousReserve 2023-03-31 07518522 1 2024-04-01 2025-03-31 07518522 1 2023-04-01 2024-03-31 07518522 2 2024-04-01 2025-03-31 07518522 2 2023-04-01 2024-03-31 07518522 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 07518522 core:PlantMachinery 2024-03-31 07518522 core:FurnitureFittings 2024-03-31 07518522 core:ComputerEquipment 2024-03-31 07518522 core:MotorVehicles 2024-03-31 07518522 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 07518522 core:PlantMachinery 2025-03-31 07518522 core:FurnitureFittings 2025-03-31 07518522 core:ComputerEquipment 2025-03-31 07518522 core:MotorVehicles 2025-03-31 07518522 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07518522 core:PlantMachinery 2024-04-01 2025-03-31 07518522 core:FurnitureFittings 2024-04-01 2025-03-31 07518522 core:ComputerEquipment 2024-04-01 2025-03-31 07518522 core:MotorVehicles 2024-04-01 2025-03-31 07518522 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-03-31 07518522 core:PlantMachinery 2023-03-31 07518522 core:FurnitureFittings 2024-03-31 07518522 core:ComputerEquipment 2023-03-31 07518522 core:MotorVehicles 2023-03-31 07518522 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07518522 core:PlantMachinery 2023-04-01 2024-03-31 07518522 core:FurnitureFittings 2023-04-01 2024-03-31 07518522 core:ComputerEquipment 2023-04-01 2024-03-31 07518522 core:MotorVehicles 2023-04-01 2024-03-31 07518522 core:CurrentFinancialInstruments core:ValueBeforeAllowanceForImpairmentLoss 2025-03-31 07518522 core:CurrentFinancialInstruments core:ValueBeforeAllowanceForImpairmentLoss 2024-03-31 07518522 core:CurrentFinancialInstruments core:AllowanceForImpairmentLoss 2025-03-31 07518522 core:CurrentFinancialInstruments core:AllowanceForImpairmentLoss 2024-03-31 07518522 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07518522 bus:Audited 2024-04-01 2025-03-31 07518522 bus:FullIFRS 2024-04-01 2025-03-31 07518522 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP