REGISTERED NUMBER: 01283874

Unaudited Financial Statements for the Year Ended 30th April 2025

for

TYEREST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

V K Patel

P J Patel

REGISTERED OFFICE:

2 Burton House Repton Place

White Lion Road

Amersham

Buckinghamshire

HP7 9LP

REGISTERED NUMBER:

01283874

ACCOUNTANTS:

Jacquards

SPACES

1 Chalfont Park

Gerrards Cross

Buckinghamshire

SL9 0BG

FIXED ASSETS

Intangible assets

4

572,716

618,533

Tangible assets

5

1

1

572,717

618,534

CURRENT ASSETS

Stocks

47,500

47,500

Debtors

6

188,554

169,762

Cash at bank

10,338

38,048

246,392

255,310

CREDITORS

Amounts falling due within one year

7

591,081

579,380

NET CURRENT LIABILITIES

(344,689

)

(324,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

228,028

294,464

CREDITORS

Amounts falling due after more than one year

8

325,450

344,174

NET LIABILITIES

(97,422

)

(49,710

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(97,522

)

(49,810

)

SHAREHOLDERS' FUNDS

(97,422

)

(49,710

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th April 2026 and were signed on its behalf by:

V K Patel - Director

P J Patel - Director

1.	STATUTORY INFORMATION

Tyerest Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount

being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount,

the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each

reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of

the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit

is the smallest identifiable group of assets that includes the asset and generates cash inflows that are

largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition

date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the

combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

687,259

AMORTISATION

At 1st May 2024

68,726

Charge for year

45,817

At 30th April 2025

114,543

NET BOOK VALUE

At 30th April 2025

572,716

At 30th April 2024

618,533

The Company is a wholly owned subsidiary of Shivneet Medicare Limited and has hived-down the acquired subsidiary. The policy is to transfer the trade and net assets of the acquired subsidiaries in question to the trading Company at book value. The initial cost of the parent company's investment in the subsidiary undertaking reflects the underlying fair value of its net assets and goodwill at the time of its acquisition.

As a result of the transfer, the value of the investment in the subsidiary undertaking falls below the amount at which it is stated in the parent company's accounting records. Section 396 of the Companies Act 2006 requires that the investment be written down accordingly and that the amount be charged as a loss in the parent company's income statement. However, the directors consider that, as there has been no overall loss to the parent company, it would fail to give a true and fair view to charge the diminution to the company's income statement and it should instead be re-allocated to in the trading company goodwill and the identifiable net assets transferred, so as to recognise, in the Company's individual statement of financial position, the effective cost to the group of those net assets and goodwill.

Given that the businesses concerned operate in a generally stable market, the directors have concluded

that the estimated economic life of the resulting intangible asset is fifteen years at the date that the

transfer took place.

The asset is reviewed annually for impairment and the last review indicated that no impairment had arisen.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2024

and 30th April 2025

33,225

DEPRECIATION

At 1st May 2024

and 30th April 2025

33,224

NET BOOK VALUE

At 30th April 2025

1

At 30th April 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

154,928

141,414

Other debtors

33,626

28,348

188,554

169,762

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,027

15,432

Trade creditors

89,671

105,295

Amounts owed to group undertakings

294,825

294,200

Amounts owed to associates

41,000

46,000

Taxation and social security

885

3,661

Other creditors

146,673

114,792

591,081

579,380

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

325,450

344,174

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

232,943

218,846

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1.00

100

100

10.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tyerest Limited for the year ended 30th April 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tyerest Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tyerest Limited and state those matters that we have agreed to state to the Board of Directors of Tyerest Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tyerest Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tyerest Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tyerest Limited. You consider that Tyerest Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tyerest Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jacquards

SPACES

1 Chalfont Park

Gerrards Cross

Buckinghamshire

SL9 0BG

28th April 2026