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COMPANY REGISTRATION NUMBER: 02463568

Woodex Limited (Trading As Osmo UK)

Filleted Unaudited Financial Statements

31 December 2025

Woodex Limited (Trading As Osmo UK)

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 133,891 | 121,171

Current assets

Stocks | 1,699,027 |  | 1,984,652
Debtors | 6 | 1,473,399 |  | 1,255,083
Cash at bank and in hand | 1,964,766 |  | 1,428,929
| ---------- |  | ----------
| 5,137,192 |  | 4,668,664

Creditors: amounts falling due within one year | 7 | 1,493,545 |  | 1,133,207
| ---------- |  | ----------
Net current assets |  | 3,643,647 | 3,535,457
|  | ---------- | ----------
Total assets less current liabilities |  | 3,777,538 | 3,656,628

Provisions

Taxation including deferred tax |  | 3,684 | 5,296
|  | ---------- | ----------
Net assets |  | 3,773,854 | 3,651,332
|  | ---------- | ----------

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Capital redemption reserve |  | 23 | 23
Profit and loss account |  | 3,772,831 | 3,650,309
|  | ---------- | ----------
Shareholders funds |  | 3,773,854 | 3,651,332
|  | ---------- | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Woodex Limited (Trading As Osmo UK)

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 11 March 2026 , and are signed on behalf of the board by:

Mr SP Grimwood
Director

Company registration number: 02463568

Woodex Limited (Trading As Osmo UK)

Notes to the Financial Statements

Year ended 31st December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(d) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting 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 have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% straight line
| Motor vehicles | - | 25% reducing balance

(g) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(h) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
(i) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(j) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2024: 24 ).
5. Tangible assets

| Plant and machinery | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1st January 2025 | 138,769 | 193,371 | 332,140
Additions | – | 123,067 | 123,067
Disposals | ( 37,739) | ( 117,916) | ( 155,655)
| -------- | -------- | --------
At 31st December 2025 | 101,030 | 198,522 | 299,552
| -------- | -------- | --------
Depreciation |  |  |
At 1st January 2025 | 128,914 | 82,055 | 210,969
Charge for the year | 3,371 | 33,279 | 36,650
Disposals | ( 37,739) | ( 44,219) | ( 81,958)
| -------- | -------- | --------
At 31st December 2025 | 94,546 | 71,115 | 165,661
| -------- | -------- | --------
Carrying amount |  |  |
At 31st December 2025 | 6,484 | 127,407 | 133,891
| -------- | -------- | --------
At 31st December 2024 | 9,855 | 111,316 | 121,171
| -------- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,410,555 | 1,057,961
Other debtors | 62,844 | 197,122
| ---------- | ----------
| 1,473,399 | 1,255,083
| ---------- | ----------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 269,698 | 85,890
Amounts due to parent company | 802,386 | 598,612
Corporation tax | 186,638 | 174,131
Social security and other taxes | 133,622 | 185,774
Other creditors | 101,201 | 88,800
| ---------- | ----------
| 1,493,545 | 1,133,207
| ---------- | ----------

8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 94,331 | 68,644
Later than 1 year and not later than 5 years | 91,429 | 93,655
| -------- | --------
| 185,760 | 162,299
| -------- | --------

9. Controlling party
The Company's ultimate holding company is SPG Property Holdings Limited, a company incorporated in England.