REGISTERED NUMBER: 10676639 (England and Wales)

Arethusa Upnor Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D K Basi

REGISTERED OFFICE:

Clijon Farm

White Hill Road

Meopham

Kent

DA13 0NY

REGISTERED NUMBER:

10676639 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

CURRENT ASSETS

Inventories

1,401,456

1,323,413

Debtors

4

8,189

1,398

Cash at bank

4,964

2,745

1,414,609

1,327,556

CREDITORS

Amounts falling due within one year

5

1,432,232

1,351,877

NET CURRENT LIABILITIES

(17,623

)

(24,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,623

)

(24,321

)

CREDITORS

Amounts falling due after more than one year

6

30,135

38,572

NET LIABILITIES

(47,758

)

(62,893

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(47,858

)

(62,993

)

(47,758

)

(62,893

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

Mrs D K Basi - Director

1.	STATUTORY INFORMATION

Arethusa Upnor 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 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.

At the year end the company had net liabilities of £47,758. The director expects the company to increase revenues and become profitable in the near future. Included in liabilities is a sum of £1,420,000 owed to the parent company and the director confirms the loan will not be repaid until funds are available. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,800

-

Other debtors

3,389

1,398

8,189

1,398

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,232

6,027

Amounts owed to group undertakings

1,420,000

1,345,000

Other creditors

5,000

850

1,432,232

1,351,877

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

30,135

38,572

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,205

-

7.	SECURED DEBTS

United Trust Bank Limited hold a fixed and floating charge over all the property of the company.

8.	ULTIMATE CONTROLLING PARTY

The parent undertaking is Basi Developments Limited registered at 5 London Road, Rainham, Gillingham, Kent, ME8 7RG United Kingdom.