REGISTERED NUMBER: 06966815 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 31 DECEMBER 2024

FOR

SADDA SUPERSTORE LTD

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

Director:

J S Dhillon

Registered office:

356 Bath Road

Hounslow

TW4 7HW

Registered number:

06966815 (England and Wales)

Auditors:

TC Group

1 Merus Court

Meridian Business Park

Leicester

LE19 1RJ

The director presents his strategic report for the period 1 October 2023 to 31 December 2024.

Review of business

The Company experienced a 29.4% growth in turnover to £15.1 million with gross profit margins remaining strong. The gross profit margin for the year was 20.5% , up from 16.1% in 2023. With the increase in turnover the profit before tax increased by 216% to £1.29 million.

Principal risks and uncertainties

The principal risks to the Company remain competition from rival companies and the potential disruption to supply chain. Risks are formally reviewed and appropriate processes are put in place to monitor and mitigate them, such as maintaining competitive pricing and maintaining multiple, strong supplier relationships.

Financial key performance indicators

Key performance indicators used by the Company are as follows:

- Turnover

- Gross profit margin; and

- Operating margin.

Details of the key performance indicators are shown in the Statement of Comprehensive Income.

Other key performance indicators

The Company considers there to be no other non-financial key performance indicators

On behalf of the board:

J S Dhillon - Director

29 September 2025

The director presents his report with the financial statements of the Company for the period 1 October 2023 to 31 December 2024.

Principal activity

The Company's principal activity during the year continued to be grocery retailers specialising in Indian products, bread, cakes and confectionary items.

Dividends

Total dividends declared for the period ended 31 December 2024 amounted to £69,000 (2023: £66,000).

Director

J S Dhillon held office during the whole of the period from 1 October 2023 to the date of this report.

Statement of director's responsibilities

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

Statement as to disclosure of information to auditors

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and he 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 auditors are aware of that information.

Auditors

The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

J S Dhillon - Director

29 September 2025

Opinion

We have audited the financial statements of Sadda Superstore Ltd (the 'Company') for the period ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the period then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 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 Auditors' 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.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have 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 identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where 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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;

- We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration;

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

- We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our 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 a Report of the Auditors 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.

Shiran Wynter ACA (Senior Statutory Auditor)

for and on behalf of TC Group

1 Merus Court

Meridian Business Park

Leicester

LE19 1RJ

29 September 2025

Turnover

4

15,103,057

11,672,386

Cost of sales

11,999,816

9,794,308

Gross profit

3,103,241

1,878,078

Administrative expenses

1,807,791

1,469,463

Operating profit

6

1,295,450

408,615

Interest payable and similar expenses

8

2,571

-

Profit before taxation

1,292,879

408,615

Tax on profit

9

342,996

73,319

Profit for the financial period

949,883

335,296

Other comprehensive income

-

-

Total comprehensive income for the period

949,883

335,296

Fixed assets

Tangible assets

11

89,273

175,111

Current assets

Stocks

12

326,338

333,747

Debtors

13

2,259,295

1,996,310

Cash at bank

443,319

550,293

3,028,952

2,880,350

Creditors

Amounts falling due within one year

14

(734,743

)

(1,567,262

)

Net current assets

2,294,209

1,313,088

Total assets less current liabilities

2,383,482

1,488,199

Provisions for liabilities

15

(32,892

)

(18,492

)

Net assets

2,350,590

1,469,707

Capital and reserves

Called up share capital

16

60,000

60,000

Retained earnings

17

2,290,590

1,409,707

Shareholders' funds

2,350,590

1,469,707

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

J S Dhillon - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2022

60,000

1,140,411

1,200,411

Changes in equity

Dividends

-

(66,000

)

(66,000

)

Total comprehensive income

-

335,296

335,296

Balance at 30 September 2023

60,000

1,409,707

1,469,707

Changes in equity

Dividends

-

(69,000

)

(69,000

)

Total comprehensive income

-

949,883

949,883

Balance at 31 December 2024

60,000

2,290,590

2,350,590

1.	STATUTORY INFORMATION

Sadda Superstore Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-

the Company has transferred the significant risks and rewards of ownership to the buyer;

-

the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the Company will receive the consideration due under the transaction; and

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and Machinery and Fixtures

10% on reducing balance

Motor vehicles

20% straight line

Residual values, useful lives, and depreciation methods are reviewed annually and adjusted if necessary. Gains and losses on disposals are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period 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.

Leased assets

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(ii) Stocks provisioning

The Company continues to purchase grocery items for resale. The directors consider the recoverability of the cost of stocks and any associated provisioning required. When calculating the stocks provision, the directors consider the nature and condition of the stocks, as well as applying assumptions around anticipated saleability.

(iii) Impairment of debtors

The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the age profile of debtors and historical experience.

4.

TURNOVER

The whole of the turnover is attributable to the Company's principal activity.

All turnover arose within the United Kingdom.

5.	EMPLOYEES AND DIRECTORS

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Wages and salaries

639,128

443,818

Social security costs

28,475

12,634

Other pension costs

237,205

432,169

904,808

888,621

The average number of employees during the period was as follows:

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

All staff

48

31

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Directors' remuneration

27,900

32,400

6.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Hire of plant and machinery

4,770

3,638

Depreciation - owned assets

78,046

32,509

Loss/(profit) on disposal of fixed assets

976

(388

)

7.	AUDITORS' REMUNERATION

During the period, fees payable to the Company's auditors for the audit of the Company's financial statements totalled £19,500. (2023: £nil)

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Bank loan interest

957

-

Hire purchase

1,614

-

2,571

-

9.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the period was as follows:

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Current tax:

UK corporation tax

328,596

72,660

Deferred tax

14,400

659

Tax on profit

342,996

73,319

UK corporation tax has been charged at 25% .

10.

DIVIDENDS

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Ordinary shares of 0.1 each

Final

69,000

66,000

11.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 October 2023

215,994

99,478

315,472

Additions

1,708

-

1,708

Disposals

-

(15,000

)

(15,000

)

At 31 December 2024

217,702

84,478

302,180

Depreciation

At 1 October 2023

118,666

21,695

140,361

Charge for period

54,426

23,620

78,046

Eliminated on disposal

-

(5,500

)

(5,500

)

At 31 December 2024

173,092

39,815

212,907

Net book value

At 31 December 2024

44,610

44,663

89,273

At 30 September 2023

97,328

77,783

175,111

12.

STOCKS

2024

2023

£

£

Finished goods

326,338

333,747

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

141,083

76,521

Amounts owed by group undertakings

700,006

-

Other debtors

1,402,133

1,905,051

VAT

16,073

14,738

2,259,295

1,996,310

14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

391,096

1,071,858

Social security and other taxes

328,596

78,605

Other creditors

15,051

344,817

Directors' current accounts

-

25,000

Obligations under finance lease and HP contracts

-

46,982

734,743

1,567,262

There is a fixed and floating charge over all assets, property or undertaking of the Company.

15.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

32,892

18,492

Deferred tax

£

Balance at 1 October 2023

18,492

Provided during period

14,400

Balance at 31 December 2024

32,892

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

60,000

Ordinary

0.1

60,000

60,000

17.

RESERVES

Retained

earnings

£

At 1 October 2023

1,409,707

Profit for the period

949,883

Dividends

(69,000

)

At 31 December 2024

2,290,590

18.	OFF-BALANCE SHEET ARRANGEMENTS

The company has provided a cross guarantee to Barclays Bank PLC by way of a fixed and floating charge over the company's assets.

The company has provided a cross guarantee to HSBC UK Bank PLC by way of a fixed and floating charge over the company's assets.

19.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not ot disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors is the amount of £850,000 (2023: £900,000) due from other related parties. During the year, £50,000 was repaid. There are no terms as to interest or repayment in respect of this amount.

Included in other debtors is the amount of £550,000 (2023: £nil) due from other related parties. There are no terms as to interest or repayment in respect of this amount.

Included in trade creditors is the amount of £198,420 (2023: £657,678 ) due to other related parties. There are no terms as to interest or repayment in respect of this amount.

All transactions are considered to be at arms length.

20.	ULTIMATE CONTROLLING PARTY

The directors consider that the ultimate parent undertaking of this Company is Sadda Holdings Ltd, a Company registered in England and Wales. The registered office is 354 Bath Road Office / 1st Floor, Hounslow West, London, TW4 7HW.