REGISTERED NUMBER: 11269289 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Aqualand Industries Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

165,039

120,308

Tangible assets

5

335,437

137,516

Investments

6

80

80

Investment property

7

359,587

-

860,143

257,904

CURRENT ASSETS

Debtors

8

173,696

123,664

Cash at bank and in hand

25,628

10,359

199,324

134,023

CREDITORS

Amounts falling due within one year

9

2,413,396

1,459,921

NET CURRENT LIABILITIES

(2,214,072

)

(1,325,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,353,929

)

(1,067,994

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(1,353,930

)

(1,067,995

)

SHAREHOLDERS' FUNDS

(1,353,929

)

(1,067,994

)

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 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

G L Berks - Director

1.	STATUTORY INFORMATION

Aqualand Industries 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:

11269289

Registered office:

1 Mariner Court

Calder Business Park

Wakefield

WF4 3FL

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Going concern

As at 31 March 2025 the company had a net asset deficiency and was reliant on the support of other group undertakings.

Having received commitment to provide financial support as and when required for 12 months forward from the date of signing these accounts, the directors have therefore considered that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Aqualand Industries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

Turnover

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

Intangible assets - patents and trademarks

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments from the date granted over a period of 20 and 10 years respectively which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Fixtures & Fittings

- 25% on cost

Motor Vehicles

- 25% reducing balance

Computer Equipment - 33% on cost

Plant and Machinery

- 25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less impairment.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - other debtors, cash and bank balances, trade creditors, other creditors and amounts owed to group undertakings. These are all measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation

Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

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.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets

An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

Trademarks

Totals

£

£

£

COST

At 1 April 2024

100,392

49,375

149,767

Additions

72,140

-

72,140

At 31 March 2025

172,532

49,375

221,907

AMORTISATION

At 1 April 2024

14,292

15,167

29,459

Amortisation for year

22,471

4,938

27,409

At 31 March 2025

36,763

20,105

56,868

NET BOOK VALUE

At 31 March 2025

135,769

29,270

165,039

At 31 March 2024

86,100

34,208

120,308

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

180,115

1,497

14,990

23,182

219,784

Additions

302,020

-

-

1,498

303,518

Disposals

(63,500

)

-

-

(1,124

)

(64,624

)

At 31 March 2025

418,635

1,497

14,990

23,556

458,678

DEPRECIATION

At 1 April 2024

64,521

1,455

6,910

9,382

82,268

Charge for year

68,044

18

2,020

7,916

77,998

Eliminated on disposal

(36,260

)

-

-

(765

)

(37,025

)

At 31 March 2025

96,305

1,473

8,930

16,533

123,241

NET BOOK VALUE

At 31 March 2025

322,330

24

6,060

7,023

335,437

At 31 March 2024

115,594

42

8,080

13,800

137,516

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

80

NET BOOK VALUE

At 31 March 2025

80

At 31 March 2024

80

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

359,587

At 31 March 2025

359,587

NET BOOK VALUE

At 31 March 2025

359,587

The directors are of the opinion that the fair value of investment property as at 31 March 2025 are equivalent to the cost.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

92,947

6,589

Amounts owed by group undertakings

1,932

-

Other debtors

78,817

117,075

173,696

123,664

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

27,679

121,082

Amounts owed to group undertakings

2,340,246

1,181,108

Taxation and social security

38,199

44,084

Other creditors

7,272

113,647

2,413,396

1,459,921

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1