Registration number: 08737148

Le Shark Apparel Limited

Contents

Company Information	1
Statement Financial Position	2
Notes to the Unaudited Financial Statements	3 to 6

Le Shark Apparel Limited

Company Information

Directors

Mr RK Passi Mr A Spence

Company secretary

Mr A Spence

Registered office

Unit 14 Park Seventeen Whitefield Manchester M45 8FJ

Le Shark Apparel Limited

(Registration number: 08737148)
Statement Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Non Current Assets
Intangible assets	4	30,419	24,762
Current assets
Receivables	5	10,000	10,000
Creditors: Amounts falling due within one year	6	(207,728)	(188,599)
Net current liabilities		(197,728)	(178,599)
Net liabilities		(167,309)	(153,837)
Equity
Called up share capital	7	10,000	10,000
Retained earnings		(177,309)	(163,837)
Shareholders' deficit		(167,309)	(153,837)

For the financial year ending 31 March 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:
 

......................................... Mr A Spence Director

Le Shark Apparel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Unit 14 Park Seventeen
Whitefield
Manchester
M45 8FJ
England

These financial statements were authorised for issue by the Board on 4 September 2025.

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 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 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.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

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
Patents	20% Straight Line Basis

Le Shark Apparel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade Receivables

Trade Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Payables

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Le Shark Apparel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 April 2024	207,727	207,727
At 31 March 2025	207,727	207,727
Amortisation
At 1 April 2024	163,838	163,838
Amortisation charge	13,470	13,470
At 31 March 2025	177,308	177,308
Carrying amount
At 31 March 2025	30,419	30,419
At 31 March 2024	24,762	24,762

5	Receivables

Current	2025 £	2024 £
Other receivables	10,000	10,000
	10,000	10,000

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	207,728	188,599

Le Shark Apparel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	10,000	10,000	10,000	10,000

8	Related party transactions

Summary of transactions with all entities with joint control or significant interest

Costs have been incurred in the year by the related party in relation to the registration of trademarks, patents and licences.

Expenditure with and payables to related parties

2025	Entities with joint control or significant influence £
Purchase of property or other assets	19,127
Amounts payable to related party	197,727

2024	Entities with joint control or significant influence £
Purchase of property or other assets	12,524
Amounts payable to related party	178,600