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Registration number: 03647279

Safinah Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Safinah Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Safinah Limited

(Registration number: 03647279)
Balance Sheet as at 31 December 2025

| Note | 31 December 2025 £ | 31 December 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 96,508 |  | 135,291
Current assets |  |  |  |  |
Debtors | 5 | 1,921,926 |  | 3,164,510 |
Cash at bank and in hand |  | 1,286,101 |  | 224,513 |
|  | 3,208,027 |  | 3,389,023 |
Creditors: Amounts falling due within one year | 6 | (711,601) |  | (1,778,418) |
Net current assets |  |  | 2,496,426 |  | 1,610,605
Total assets less current liabilities |  |  | 2,592,934 |  | 1,745,896
Provisions for liabilities |  |  | (24,100) |  | (33,800)
Net assets |  |  | 2,568,834 |  | 1,712,096
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 996 |  | 996 |
Share premium reserve |  | 78,259 |  | 78,259 |
Capital redemption reserve |  | 50 |  | 50 |
Retained earnings |  | 2,489,529 |  | 1,632,791 |
Shareholders' funds |  |  | 2,568,834 |  | 1,712,096

Safinah Limited

(Registration number: 03647279)
Balance Sheet as at 31 December 2025

For the financial year ending 31 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 February 2026 and signed on its behalf by:

.........................................

A Hopkinson

Director

Safinah Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
4 The Staithes
The Watermark
Gateshead
NE11 9SN

These financial statements were authorised for issue by the Board on 17 February 2026.

2 | 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.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The company's functional and presentation currency is pound sterling.

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 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.

Contract revenue recognition

Services
The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

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 rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Safinah Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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
Plant and machinery | 10% to 33.33% straight line basis
Office equipment | 33.33% straight line basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Safinah Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Financial instruments

Financial assets
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 71 (2024 - 64).

Safinah Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 343,961 | - | 343,961
Additions | 37,895 | 12,137 | 50,032
At 31 December 2025 | 381,856 | 12,137 | 393,993
Depreciation
At 1 January 2025 | 208,670 | - | 208,670
Charge for the year | 87,643 | 1,172 | 88,815
At 31 December 2025 | 296,313 | 1,172 | 297,485
Carrying amount
At 31 December 2025 | 85,543 | 10,965 | 96,508
At 31 December 2024 | 135,291 | - | 135,291

5 | Debtors

| 31 December 2025 £ | 31 December 2024 £
Trade debtors | 1,298,916 | 1,776,931
Prepayments | 32,591 | 43,543
Other debtors | - | 8,292
Amounts recoverable on contracts | 590,419 | 1,335,744
| 1,921,926 | 3,164,510

6 | Creditors

Creditors: amounts falling due within one year

| Note | 31 December 2025 £ | 31 December 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 69,465 | 79,308
Trade creditors |  | 30,306 | 26,528
Amounts owed to group undertakings | 10 | - | 817,372
Taxation and social security |  | 363,944 | 435,049
Accruals and deferred income |  | 247,886 | 420,161
|  | 711,601 | 1,778,418

Safinah Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Loans and borrowings

Current loans and borrowings

| 31 December 2025 £ | 31 December 2024 £
Other borrowings | 69,465 | 79,308

8 | Share capital

Allotted, called up and fully paid shares

| 31 December 2025 | 31 December 2024
| No. | £ | No. | £
Ordinary shares of £0.01 each | 92,138 | 921 | 92,138 | 921
B shares of £0.01 each | 7,470 | 75 | 7,470 | 75
| 99,608 | 996 | 99,608 | 996

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £171,013 (2024 - £17,101). The financial commitment is in relation to operating lease commitments.

10 | Related party transactions

Expenditure with and payables to related parties

2025 | Key management £
Amounts payable to related party | 69,465

2024 | Parent £ | Key management £
Amounts payable to related party | 817,372 | 79,308

11 | Parent and ultimate parent undertaking

The immediate and ultimate parent is TPO Holding Danmark ApS, incorporated in Denmark.