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Registration number: 12409154

North West Capital Ventures Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

North West Capital Ventures Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

North West Capital Ventures Ltd

Company Information

Director | Dr John Thomas Lear

Registered office | 3 Crewe Road Sandbach Cheshire CW11 4NE

North West Capital Ventures Ltd

(Registration number: 12409154)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Other financial assets | 4 | 721,000 | 721,000
Current assets |  |  |
Cash at bank and in hand |  | 154 | 34
Creditors: Amounts falling due within one year | 5 | (731,154) | (728,956)
Net current liabilities |  | (731,000) | (728,922)
Net liabilities |  | (10,000) | (7,922)
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Retained earnings |  | (10,100) | (8,022)
Shareholders' deficit |  | (10,000) | (7,922)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 June 2026

......................................... Dr John Thomas Lear Director

North West Capital Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Crewe Road
Sandbach
Cheshire
CW11 4NE
United Kingdom

The principal place of business is:
72, Bridge Lane
Bramhall
Stockport
Cheshire
SK7 3AW
England

These financial statements were authorised for issue by the director on 10 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

North West Capital Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at fair value through profit and loss | 721,000 | 721,000

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 7 | 729,455 | 727,257
Accruals and deferred income |  | 1,500 | 1,500
Other creditors |  | 199 | 199
|  | 731,154 | 728,956

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £1 each | 50 | 50 | 50 | 50
Ordinary B of £1 each | 50 | 50 | 50 | 50
| 100 | 100 | 100 | 100

North West Capital Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

North West Skincare Ltd
Connected Entity Loan
During the year, the company was issued with loans amounting to £2,198 (2024: £1,987) from the connected entity which is controlled by virtue of Dr M T Atherton & Dr J T Lear shareholding and directorship in the same.
At the balance sheet date, the connected entity was owed by North West Capital Ventures Ltd £729,455 (2024: £727,257) in the form of an interest free intercompany loan with no specific repayment terms.