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REGISTERED NUMBER: 07354388 (England and Wales)

Navico Trading Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

| Navico Trading Limited (Registered number: 07354388) |

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Navico Trading Limited |

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | Mr R Choudhry

| Mrs KP Choudhry

| Mr N Rashid

| SECRETARY: | Mr R Choudhry

| REGISTERED OFFICE: | 20a Stamford Road

| Manchester

| M13 0SN

| REGISTERED NUMBER: | 07354388 (England and Wales)

| Navico Trading Limited (Registered number: 07354388) |

Balance Sheet

31 August 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 31,422 |  | 6,377 |  |

CURRENT ASSETS

Stocks | 6 | 180,000 |  | 174,000 |  |

Debtors | 7 | 127,862 |  | 153,701 |  |

Cash at bank and in hand | 7,041 |  | 21,930 |  |

314,903 |  | 349,631 |  |

CREDITORS

Amounts falling due within one year | 8 | (878,292 | ) | (805,526 | ) |

NET CURRENT LIABILITIES | (563,389 | ) | (455,895 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (531,967 | ) | (449,518 | ) |

CREDITORS

Amounts falling due after more than one year | 9 | (20,833 | ) | (26,389 | ) |

NET LIABILITIES | (552,800 | ) | (475,907 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | (552,900 | ) | (476,007 | ) |

SHAREHOLDERS' FUNDS | (552,800 | ) | (475,907 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

| Navico Trading Limited (Registered number: 07354388) |

Balance Sheet - continued

31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

Mr R Choudhry - Director

| Navico Trading Limited (Registered number: 07354388) |

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | GENERAL INFORMATION

| The company is a private company limited by share capital, incorporated in England and Wales.

| The address of its registered office is:

| 20a Stamford Road

| Manchester

| M13 0SN

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. | ACCOUNTING POLICIES

| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES

| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| BASIS OF PREPARATION

| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

| GOING CONCERN

| The company's liabilities exceeded its assets as at the year end. These financial statements have been prepared on a going concern basis on the basis that the company will continue to be supported by its creditors.

| REVENUE RECOGNITION

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| FOREIGN CURRENCY TRANSACTIONS AND BALANCES

| Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

| Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

| TANGIBLE ASSETS

| Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| Navico Trading Limited (Registered number: 07354388) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

| DEPRECIATION

| Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

| Asset class |  | Depreciation method and rate |  |

| Fixtures and fittings |  | 25% reducing balance |  |

| Motor vehicles |  | 20% straight line |  |

| Computer equipment |  | 33% straight line |  |

| CASH AND CASH EQUIVALENTS

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| TRADE DEBTORS

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| STOCKS

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

| TRADE CREDITORS

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| BORROWINGS

| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

| Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

| Navico Trading Limited (Registered number: 07354388) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

| LEASES

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

| Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

| Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

| SHARE CAPITAL

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024 | 7,762 |  | - |  | 28,377 |  | 36,139 |  |

| Additions | - |  | 31,871 |  | 4,478 |  | 36,349 |  |

| At 31 August 2025 | 7,762 |  | 31,871 |  | 32,855 |  | 72,488 |  |

| DEPRECIATION

| At 1 September 2024 | 6,886 |  | - |  | 22,876 |  | 29,762 |  |

| Charge for year | 164 |  | 6,374 |  | 4,766 |  | 11,304 |  |

| At 31 August 2025 | 7,050 |  | 6,374 |  | 27,642 |  | 41,066 |  |

| NET BOOK VALUE

| At 31 August 2025 | 712 |  | 25,497 |  | 5,213 |  | 31,422 |  |

| At 31 August 2024 | 876 |  | - |  | 5,501 |  | 6,377 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Other inventories | 180,000 |  | 174,000 |  |

| Navico Trading Limited (Registered number: 07354388) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 126,105 |  | 138,003 |  |

| Other debtors | 1,757 |  | 15,698 |  |

127,862 |  | 153,701 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,556 |  | 5,556 |  |

| Trade creditors | 68,267 |  | 49,897 |  |

| Taxation and social security | 9,445 |  | 2,154 |  |

| Other creditors | 795,024 |  | 747,919 |  |

878,292 |  | 805,526 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 20,833 |  | 26,389 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary share | 1 | 100 |  | 100 |  |