TEXYARN LIMITED

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—3

Registered number: 00794452

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		323		380

			323		380
CURRENT ASSETS
Debtors		79,074		79,010
Cash at bank and in hand		300		300

		79,374		79,310
Creditors: Amounts Falling Due Within One Year		(39,082 )		(38,758 )

NET CURRENT ASSETS (LIABILITIES)			40,292		40,552

TOTAL ASSETS LESS CURRENT LIABILITIES			40,615		40,932

NET ASSETS			40,615		40,932

CAPITAL AND RESERVES
Called up share capital	5		50,000		50,000
Profit and Loss Account			(9,385 )		(9,068 )

SHAREHOLDERS' FUNDS			40,615		40,932

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 2 December 2025 and were signed on its behalf by:

Mr Samir Patel

Director

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

TEXYARN LIMITED is a private company, limited by shares, incorporated in England & Wales.

The registered number is 00794452 .

The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.

No dividends have been paid in the year and none are proposed.

Related party transactions are reported in the notes to the accounts.

There are no other related party transactions to report.

There are no contingent liabilities or post balance sheet events to report.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover represents total invoiced management charges. The business is not Value Added Tax (VAT) registered.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation.

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

Fixtures & Fittings

15% Reducing Balance

No depreciation is charged in the year of acquisition.

2.4. Stocks and Work in Progress

Work in progress has been valued at prime cost of labour and materials plus other direct expenses.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.6. Accounting Reference Date

The accounting reference date is 29 March.

These accounts are nevertheless for the year ending 31 March 2025.

2.7. Comparative Figures

The comparative figures used throughout these accounts are as at 31 March 2024 or are for the year ended on that date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, who are employed under a contract of service during the year was as follows: NIL (2024: NIL)

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TEXYARN LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	1,185

As at 31 March 2025	1,185

Depreciation
As at 1 April 2024	805
Provided during the period	57

As at 31 March 2025	862

Net Book Value
As at 31 March 2025	323

As at 1 April 2024	380

5. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
50,000 Ordinary Shares of £ 1.00 each	50,000	50,000

Directors' interest in the issued ordinary share capital of the Company are as follows:

- Mr Samir Patel owns 34740 ordinary shares of £1

- Miss Jessica Patel owns 7630 ordinary shares of £1

- Mr Sudi Patel owns 7630 ordinary shares of £1

6. Pension Commitments

The company operates a defined contribution pension scheme.

The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £Nil (2024 £Nil) were due to the fund.

7. Related Party Transactions

Associated Company

The following companies are associated with Texyarn Limited:

- Mitax Limited

Material Shareholdings

- Mitax Limited - Mr. Samir Patel has a material interest in the issued share capital.

Transactions with Associated Companies

- Management charges for the year of £32,000 (20214 £31,500) were receivable from Mitax Limited.

- The amount due from Mitax Limited at the year end date was £78,951 (2024 £79,010).

- Interest payable included in these accounts of £348 (2024 £495) is payable to the Texyarn Ltd Retirement Benefit Scheme. Interest has been calculated at 2% above Bank Base Rate.

8. Ultimate Controlling Party

The Company was controlled throughout the year by Mr Samir Patel who held 34,740 £1 Ordinary Shares, representing 69.48% of the issued share capital.

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