Company registration number 05833223 (England and Wales)
MAS INTIMATES UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MAS INTIMATES UK LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
MAS INTIMATES UK LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,700
-
0
Current assets
Debtors
6
62,239
57,033
Cash at bank and in hand
189,674
184,251
251,913
241,284
Creditors: amounts falling due within one year
7
(21,500)
(52,646)
Net current assets
230,413
188,638
Net assets
232,113
188,638
Capital and reserves
Called up share capital
35,003
35,003
Profit and loss reserves
197,110
153,635
Total equity
232,113
188,638

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 April 2026 and are signed on its behalf by:
G H N P Jayasekara
Director
Company registration number 05833223 (England and Wales)
MAS INTIMATES UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
35,003
191,032
226,035
Year ended 31 December 2024:
Loss and total comprehensive income
-
(37,397)
(37,397)
Balance at 31 December 2024
35,003
153,635
188,638
Year ended 31 December 2025:
Profit and total comprehensive income
-
43,475
43,475
Balance at 31 December 2025
35,003
197,110
232,113
MAS INTIMATES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

MAS Intimates UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Having reviewed the company's financial forecasts and expected future cash flows, the director true s ha ve a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The ultimate parent company, MAS Intim at es (Pvt) Ltd, has confirmed its intention to provide financial support, should it be required over the twelve months from the date of signing these financial statements. The directors therefore consider that the company has access to sufficient funding to meet its financial obligations as they fall due. As a result the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents net amounts receivable for design services and sale of garments.

Revenue is recognised for design services at the point the services are rendered, r evenue from the sale of goods is recognised when the goods have been delivered to the customer.

1.4
Tangible fixed assets

Tangible assets are initially measured at cost and subsequently measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual value over their useful lives on the following bases:

Plant and machinery
25% straight-line
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MAS INTIMATES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

MAS INTIMATES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised where the revision affects only that year, or in the year of the revision and future years where the revision affects both current and future years.

MAS INTIMATES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
21,500
20,000
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
-
0
Additions
1,990
At 31 December 2025
1,990
Depreciation and impairment
At 1 January 2025
-
0
Depreciation charged in the year
290
At 31 December 2025
290
Carrying amount
At 31 December 2025
1,700
At 31 December 2024
-
0
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
18
16,843
Amounts owed by group undertakings
52,624
25,620
Other debtors
9,597
14,570
62,239
57,033
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
12,714
Taxation and social security
-
0
4,450
Other creditors
21,500
35,482
21,500
52,646
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report was unqualified.

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Talha Farrukh FCCA, ACA
Statutory Auditor:
Gerald Edelman LLP
Date of audit report:
2 April 2026
9
Related party transactions

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2025-12-31 2025-01-01 false false false 02 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity K Dharmendra D Fernando Jayawardane G H N P Jayasekara BBK Formation Limited 0 05833223 2025-01-01 2025-12-31 05833223 2025-12-31 05833223 2024-12-31 05833223 core:OtherPropertyPlantEquipment 2025-12-31 05833223 core:OtherPropertyPlantEquipment 2024-12-31 05833223 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 05833223 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05833223 core:CurrentFinancialInstruments 2025-12-31 05833223 core:CurrentFinancialInstruments 2024-12-31 05833223 core:ShareCapital 2025-12-31 05833223 core:ShareCapital 2024-12-31 05833223 core:RetainedEarningsAccumulatedLosses 2025-12-31 05833223 core:RetainedEarningsAccumulatedLosses 2024-12-31 05833223 core:ShareCapital 2023-12-31 05833223 core:RetainedEarningsAccumulatedLosses 2023-12-31 05833223 bus:Director3 2025-01-01 2025-12-31 05833223 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05833223 2024-01-01 2024-12-31 05833223 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 05833223 core:PlantMachinery 2025-01-01 2025-12-31 05833223 core:OtherPropertyPlantEquipment 2024-12-31 05833223 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 05833223 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05833223 bus:FRS102 2025-01-01 2025-12-31 05833223 bus:Audited 2025-01-01 2025-12-31 05833223 bus:Director1 2025-01-01 2025-12-31 05833223 bus:Director2 2025-01-01 2025-12-31 05833223 bus:CompanySecretary1 2025-01-01 2025-12-31 05833223 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05833223 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP