| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 |
| FOR |
| INTERCOLLOID (UK) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 |
| FOR |
| INTERCOLLOID (UK) LIMITED |
| INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| INTERCOLLOID (UK) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 Doughty Street |
| London |
| WC1N 2PH |
| INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Intercolloid (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02086308 and registered office address is 1 Doughty Street, London, WC1N 2PH. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer and when there is no continuing involvement with goods. |
| Transfer of risks and rewards varies depending on the delivery terms of the individual contract of sale. When the delivery is on FOB (Free on Board) or CIF (cost, insurance and freight) terms, the sale transaction is recognised when the goods are loaded onto a shipping vessel. When the shipment is on DDP or DDU basis (delivered duty paid or unpaid), the sale transaction is recognised when the goods have been delivered at their destination. |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Investments |
| Listed investments are measured at market value at the year end. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Interest |
| in |
| associate | Other |
| undertaking | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st April 2024 | 1,117,342 |
| Additions | 876,787 |
| Disposals | ( |
) | (361,703 | ) |
| Revaluations | ( |
) | (25,066 | ) |
| At 31st March 2025 | 1,607,360 |
| NET BOOK VALUE |
| At 31st March 2025 | 1,607,360 |
| At 31st March 2024 | 1,117,342 |
| The fixed assets investments comprises an investment in an associate whose principal activity is that of property investors and developers. |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Valuation in 2002 | 38,872 |
| Valuation in 2003 | 55,480 |
| Valuation in 2007 | 240,000 |
| Valuation in 2013 | 3,335 |
| Valuation in 2014 | 219,311 |
| Valuation in 2015 | 377,354 |
| Valuation in 2018 | 400,000 |
| Cost | 65,648 |
| 1,400,000 |
| The investment property was valued by the directors at their market values. |
| INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Other timing differences | 247,856 | 191,000 |
| Deferred |
| tax |
| £ |
| Balance at 1st April 2024 |
| Provided during year |
| Balance at 31st March 2025 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary £1 shares | 1 | 50,000 | 50,000 |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st April 2024 |
| Transfers | (56,856 | ) |
| At 31st March 2025 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company was controlled throughout the current and previous years by the directors and a close member of their family, who between them own 100% of the issued share capital of the company. |