REGISTERED NUMBER: 09420583 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Charlwood Projects Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

102,792

136,940

Investments

5

68,765

-

171,557

136,940

CURRENT ASSETS

Debtors

6

853,653

36,277

Cash at bank

69,596

697,315

923,249

733,592

CREDITORS

Amounts falling due within one year

7

918,262

193,290

NET CURRENT ASSETS

4,987

540,302

TOTAL ASSETS LESS CURRENT LIABILITIES

176,544

677,242

PROVISIONS FOR LIABILITIES

25,698

34,235

NET ASSETS

150,846

643,007

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,746

642,907

SHAREHOLDERS' FUNDS

150,846

643,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2026 and were signed by:

Mr Arron Kenneth Smyth - Director

1.	STATUTORY INFORMATION

Charlwood Projects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09420583

Registered office:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

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.

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

-

50% on cost, 25% on cost and 25% on reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes part to the contractual provisions of the instrument.

Basic financial assets, which include debtors, cash bank balances and loans to fellow group companies are recognised at the transaction price including transaction costs.

Basic financial liabilities, which include creditors and loans from group companies are recognised at the transaction price, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for debt instruments.

The company enters into contracts for difference ("CFDs"), margin trading arrangements and other derivative financial instruments through a regulated brokerage platform.

Derivative financial instruments are initially recognised at fair value and subsequently remeasured to fair value at each reporting date.

Gains and losses arising from changed in fair value, including realised and unrealised movements, are recognised in profit or loss in the period in which they arise.

Cash margin balances held with brokers are recognised within current assets.

Amounts due to brokers in respect of margin financing arrangements are recognised within current liabilities.

Interest incurred on margin financing arrangements and interest earned on broker cash balances are recognised in profit or loss using the effective interest method.

Foreign currency monetary assets and liabilities are translated into sterling at the exchange rate prevailing at the reporting date. Exchange gains and losses are recognised in profit or loss.

Dividend adjustments and manufactured payments arising on derivative positions are recognised within profit and loss when the entitlement or obligation arises.

Convertible loan notes are initially recognised at transaction value and subsequently measured at fair value through profit and loss.

Interest income on convertible loan notes is recognised using the effective interest method.

The company applies the recognition and measurement requirements of Section 11 and Section 12 of FRS 102 in accounting for financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company contributes directly to the director's own pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period in which they are paid.

Investments

Investments in equity shares which are publicly traded are measured at fair value. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Amounts are held in their denominated currency's original costs and transacted at the year end to sterling, the functional currency of the company.

Dividends on equity securities are recognised in income when receivable.

Going concern

These accounts are prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed annually, with bad debts being written off in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

154,146

Additions

1,225

Disposals

(2,327

)

At 28 February 2026

153,044

DEPRECIATION

At 1 March 2025

17,206

Charge for year

33,728

Eliminated on disposal

(682

)

At 28 February 2026

50,252

NET BOOK VALUE

At 28 February 2026

102,792

At 28 February 2025

136,940

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

72,500

Impairments

(3,735

)

At 28 February 2026

68,765

NET BOOK VALUE

At 28 February 2026

68,765

Cost or valuation at 28 February 2026 is represented by:

Other

investments

£

Valuation in 2026

(3,735

)

Cost

72,500

68,765

Fixed asset investments include a convertible loan note with a carrying value of £50,000.

The instrument is unsecured, bears interest at 8% per annum and is convertible into ordinary shares of the issuer upon the occurrence of specified conversion events.

The director considers the carrying value to approximate recoverable amount at the reporting date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

128,980

19,201

Other debtors

724,673

17,076

853,653

36,277

Cash collateral and margin balances held with brokers are included within other debtors.

Other debtors also includes derivative financial instruments such as contracts for difference ("CFDs") and other margin trading positions held for trading purposes and measured at fair through profit and loss.

At the reporting date, derivative financial instrument assets had a fair value of £300,590.

All realised and unrealised gains and losses arising on remeasurement are recognised within profit or loss for the year.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

499,917

-

Taxation and social security

97,000

191,749

Other creditors

321,345

1,541

918,262

193,290

Amounts due to brokers in respect of margin financing arrangements are included within current liabilities as other creditors.

At the reporting date, margin financing liabilities amounted to £314,570.

Derivative financial liabilities at the reporting date amounted to £3,800.

8.	TRANSACTIONS WITH DIRECTORS

At the balance sheet date, the company owed Mr A Smyth, director, £2,366 (2025: £41) The loan is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Arron Kenneth Smyth.