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REGISTERED NUMBER: 02635465 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CANDENT LIMITED

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1 |  | 1 |  |

CURRENT ASSETS

Cash at bank | - |  | 6,935 |  |

CREDITORS

Amounts falling due within one year | 5 | 312,610 |  | 231,380 |  |

NET CURRENT LIABILITIES | (312,610 | ) | (224,445 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (312,609 | ) | (224,444 | ) |

CREDITORS

Amounts falling due after more than one year | 6 | 51,817 |  | 145,017 |  |

NET LIABILITIES | (364,426 | ) | (369,461 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 2 |  | 2 |  |

Retained earnings | (364,428 | ) | (369,463 | ) |

SHAREHOLDERS' FUNDS | (364,426 | ) | (369,461 | ) |

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 2025

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2025 and were signed by:

T Robinson - Director

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Candent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 02635465

| Registered office: | 1 Malvern Road

| Aylesbury

| Buckinghamshire

| HP20 1QF

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | straight line over the life of the lease

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Short

| leasehold

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 57,000 |  |

| DEPRECIATION

| At 1 March 2024

| and 28 February 2025 | 56,999 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1 |  |

| At 29 February 2024 | 1 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 68 |  | 1,924 |  |

| Amounts owed to group undertakings | 300,756 |  | 211,622 |  |

| Taxation and social security | 2,058 |  | 1,531 |  |

| Other creditors | 9,728 |  | 16,303 |  |

312,610 |  | 231,380 |  |

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 51,817 |  | 145,017 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 51,817 |  | 145,017 |  |

7. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 51,817 |  | 145,017 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

£ | £ |

| T Robinson

| Balance outstanding at start of year | 7,654 |  | 7,343 |  |

| Amounts advanced | 414 |  | 311 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 8,068 |  | 7,654 |  |

CANDENT LIMITED (REGISTERED NUMBER: 02635465)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | RELATED PARTY DISCLOSURES

| The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Amounts owed to group undertakings |  | (300,756 | ) | (211,622 | ) |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Amounts owed to connected company |  | - |  | 6,989 |  |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Management fess received from group undertakings |  | 28,000 |  | 28,000 |  |

| All transactions were made on normal commercial terms.

| Group undertakings:

| Bretsure Limited

| Connected undertakings:

| Fagin's Toys Limited

| Included in other creditors falling due within one year are balances owed to the directors, details of which are disclosed in directors' advances, credits and guarantees.

| The parent company is Bretsure Limited, a company registered in UK.

11. | CONNECTED UNDERTAKINGS

| A company having the same or predominantly the same shareholders and/or Board of Directors but which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities between such companies have been at arms length.

12. | GOING CONCERN

| As at the balance sheet date, there was a shareholder's deficit of £363,945 (2024: £369,461), the company having made a profit of £5,516 (2024: £2,628 profit). The company continues with the support of the holding company and its subsidiaries who will not allow any of the creditors to suffer under the circumstances.