Siennico Ventures Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Siennico Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10719746 . The registered office is 21 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ.

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. 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.

2.3. 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% straight line
Motor Vehicles	25% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Siennico Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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.

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

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.8. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 43 (2024: 40)

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Siennico Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	1

As at 31 August 2025	1

Net Book Value
As at 31 August 2025	1

As at 1 September 2024	1

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 September 2024	233,494	21,089	254,583
Additions	15,417	-	15,417

As at 31 August 2025	248,911	21,089	270,000

Depreciation
As at 1 September 2024	195,481	20,220	215,701
Provided during the period	17,083	869	17,952

As at 31 August 2025	212,564	21,089	233,653

Net Book Value
As at 31 August 2025	36,347	-	36,347

As at 1 September 2024	38,013	869	38,882

6. Stocks

	2025	2024
	£	£
Finished goods	7,879	8,029

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Siennico Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	26,037	90
Prepayments and accrued income	20,282	7,527
Other debtors	390,861	406,506

	437,180	414,123

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	42,284	63,955
Bank loans and overdrafts	15,772	10,855
Other taxes and social security	141,292	118,006
Other creditors	1,757	583
Accruals and deferred income	19,531	39,397

	220,636	232,796

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

	2025	2024
	£	£
Bank loans	-	6,482

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

11. Related Party Transactions

Loan Accounts

Directors Loan Account - these loans are free of interest and repayable on demand. The amount is included within other debtors/creditors.

Amount due from/(to) the related party: 2025: £9,200 (2024: £7,976)

Anasha Ventures Ltd

A company in which the director Mr P Padaniya is also director and shareholder.

Loan account - The loan is free of interest and repayable on demand.

...CONTINUED

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Siennico Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Related Party Transactions - continued

Amount due from the related party: 2025: £0 (2024: £0)

Sienna Investments Ltd

A company in which the shareholders Mr & Mrs Naik are also director and shareholder.

Loan account - The loan is free of interest and repayable on demand.

Amount due from the related party: 2025: £201,590 (2024: £201,590)

Sky3 Investments Ltd

A company in which the shareholder Mr U Naik is also director and shareholder.

Loan account - The loan is free of interest and repayable on demand.

Amount due from the related party: 2025: £150,000 (2024: £150,000)

Anasha Properties Ltd

A company in which the director Mr P Padaniya and Mrs S Bhogaita are also director and shareholder.

Loan account - The loan is free of interest and repayable on demand.

Amount due from the related party: 2025: £0 (2024: £15,000)

12. Ultimate Controlling Party

The director and shareholders are the ultimate controlling parties by virtue of their ownership of 100% of the ordinary share capital of the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		36,347		38,882

			36,348		38,883
CURRENT ASSETS
Stocks	6	7,879		8,029
Debtors	7	437,180		414,123
Cash at bank and in hand		227,792		197,500

		672,851		619,652
Creditors: Amounts Falling Due Within One Year	8	(220,636 )		(232,796 )

NET CURRENT ASSETS (LIABILITIES)			452,215		386,856

TOTAL ASSETS LESS CURRENT LIABILITIES			488,563		425,739

Creditors: Amounts Falling Due After More Than One Year	9		-		(6,482 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,087 )		(9,721 )

NET ASSETS			479,476		409,536

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			479,276		409,336

SHAREHOLDERS' FUNDS			479,476		409,536