Saonam Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08974009

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,380		15,498
Investments	5		40		40

			10,420		15,538
CURRENT ASSETS
Debtors	6	680,481		658,267
Cash at bank and in hand		164,005		200,895

		844,486		859,162
Creditors: Amounts Falling Due Within One Year	7	(898,803 )		(911,854 )

NET CURRENT ASSETS (LIABILITIES)			(54,317 )		(52,692 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(43,897 )		(37,154 )

Creditors: Amounts Falling Due After More Than One Year	8		(646 )		(9,640 )

NET LIABILITIES			(44,543 )		(46,794 )

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(45,543 )		(47,794 )

SHAREHOLDERS' FUNDS			(44,543)		(46,794)

Page 1

Page 2

Saonam Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Huong Nguyen

Director

20/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Saonam Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08974009 . The registered office is Unit 2, The Arches Villiers Street, Westminster, London, WC2N 6NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33% Reducing Balance

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Saonam Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including director, during the year were 10 (2024: 12)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	70,990	142	40,761	9,794	121,687

As at 30 April 2025	70,990	142	40,761	9,794	121,687

Depreciation
As at 1 May 2024	62,382	135	35,990	7,682	106,189
Provided during the period	2,841	6	1,574	697	5,118

As at 30 April 2025	65,223	141	37,564	8,379	111,307

Net Book Value
As at 30 April 2025	5,767	1	3,197	1,415	10,380

As at 1 May 2024	8,608	7	4,771	2,112	15,498

5. Investments

	Associates
	£
Cost or Valuation
As at 1 May 2024	40

As at 30 April 2025	40

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	40

As at 1 May 2024	40

Page 4

Page 5

Saonam Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Rent deposit	38,100	18,000
VAT	3,110	-
Amounts owed by related party	639,271	640,267

	680,481	658,267

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	68,855	30,446
Bank loans and overdrafts	9,110	9,114
Corporation tax	1,728	1,488
Other taxes and social security	1,488	9,065
VAT	-	2,500
Net wages	-	9,151
Other creditors	142,103	142,103
Pension Payable	572	6,226
Accruals and deferred income	11,928	4,446
Director's loan account	663,019	697,315

	898,803	911,854

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	646	9,640

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

Lakeland SN Limited

Huong Lan Nguyen is also the director of Lakeland SN Limited. Saonam Ltd owns 40% shares of Lakeland SN Limited.

As at year end, the amount owed by Lakeland SN Limited was £639,271 (2024: £640,267).

Huong Lan Nguyen

Huong Lan Nguyen is the director of Saonam Ltd.

As at year end, the amount owed to Huong Lan Nguyen was £663,019 (2024: £697,315).

Page 5