REGISTERED NUMBER: 08257144 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SHARDMAN UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S M Ruparelia

Mrs R S Ruparelia

REGISTERED OFFICE:

Unit 2

Charnwood Edge Business Park

Syston Road

Leicester

Leicestershire

LE7 4UZ

REGISTERED NUMBER:

08257144 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

CURRENT ASSETS

Stocks

753,887

746,357

Debtors

4

4,854

4,041

Cash at bank

57,514

31,233

816,255

781,631

CREDITORS

Amounts falling due within one year

5

(1,005,058

)

(952,970

)

NET CURRENT LIABILITIES

(188,803

)

(171,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(188,803

)

(171,339

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(188,903

)

(171,439

)

(188,803

)

(171,339

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr S M Ruparelia - Director

1.	STATUTORY INFORMATION

Shardman UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Leicester, LE7 4UZ and the registered number is 08257144.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value.

The presentation currency of the financial statements is the Pound Sterling (£), and figures are rounded to the nearest £1.

Going concern

At the year end the company had net current liabilities of £188,803 (2024: £171,339) and net liabilities of £188,803 (2024: £171,339). The director has considered this and prepared the financial statements on a going concern basis. The director has confirmed that he will continue to support the company financially for the foreseeable future.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its expected selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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 payments discounted at a market rate of interest.

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

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,854

4,041

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,865

1,638

Directors' current accounts

1,000,001

950,001

Accruals and deferred income

3,192

1,331

1,005,058

952,970