REGISTERED NUMBER: 00657598 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Polcrocan Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Skan

R J Skan

S R H Watson

N Paul

SECRETARY:

R A Skan

REGISTERED OFFICE:

44 Broad Oaks Road

Solihull

B91 1JB

REGISTERED NUMBER:

00657598 (England and Wales)

ACCOUNTANTS:

Curo Chartered Accountants

Curo House

Greenbox

Westonhall Road

Bromsgrove

Worcestershire

B60 4AL

FIXED ASSETS

Investments

4

-

-

Investment property

5

5,788,903

5,764,119

5,788,903

5,764,119

CURRENT ASSETS

Debtors

6

38,383

35,325

Investments

7

2,323,661

1,971,688

Cash at bank

1,977,652

1,896,865

4,339,696

3,903,878

CREDITORS

Amounts falling due within one year

8

158,052

192,418

NET CURRENT ASSETS

4,181,644

3,711,460

TOTAL ASSETS LESS CURRENT LIABILITIES

9,970,547

9,475,579

PROVISIONS FOR LIABILITIES

445,954

380,398

NET ASSETS

9,524,593

9,095,181

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Revaluation reserve

10

1,224,635

1,224,635

Fair value reserve

10

679,964

679,964

Retained earnings

7,609,994

7,180,582

SHAREHOLDERS' FUNDS

9,524,593

9,095,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

R J Skan - Director

1.	STATUTORY INFORMATION

Polcrocan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

The financial statements are rounded to the nearest £1.

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.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that the directors believe there is sufficient funding in place to support the business for the next twelve months from the date of approval of the financial statements.

Preparation of consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rental income receivable from properties let in the year. Rental income is recognised for the period to which the rental relates. Rental income is deferred to a future period where it does not relate to the current period.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and the investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for; differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet. Deferred tax balances are not discounted.

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.

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period.

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.

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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Dividends

Equity dividends are recognised when they become legally payable.

Provisions and contingencies

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Contingent liabilities are recognised as a provision when the likelihood of economic outflow is assessed as probable. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company's control. Contingent liabilities are not recognised as a provision but are instead disclosed in the financial statements when the likelihood of economic settlement is deemed possible and not probable. Contingent liabilities are not recognised as a disclosure when the probability of an outflow of resources is remote.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Investments

in

subsidiary

companies

£

COST

At 1 October 2024

and 30 September 2025

10,002

PROVISIONS

At 1 October 2024

and 30 September 2025

10,002

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

The provision is for the impairment of the fixed asset investment.

Subsidiary undertakings

The company owns 100% of the Ordinary share capital of Precision Optical Instruments Limited, which in turn owns 50% of the Ordinary share capital of LOH Opticservice (UK) Limited and 100% of the Ordinary share capital of Isaiah Oldbury Limited.

The registered office of all of the above subsidiaries is 425-433 Stratford Road, Shirley, Solihull, West Midlands, B90 4AE.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

5,764,119

Additions

24,784

At 30 September 2025

5,788,903

NET BOOK VALUE

At 30 September 2025

5,788,903

At 30 September 2024

5,764,119

The 2025 valuations were made by the directors, on an open market value for existing use basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

35,325

35,325

Other debtors

3,058

-

38,383

35,325

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

2,323,661

1,971,688

Market value of listed investments at 30 September 2025 - £ 2,323,661 (2024 - £ 1,971,688 ).

Current Asset Investment Analysis

Valuation

Listed Investments (£

)

At 1 October 2024

1,971,688

Additions

1,975,456

Disposals

(1,920,488

)

Revaluations

297,006

At 30 September 2025

2,323,661

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

92,605

128,425

Other creditors

65,447

63,993

158,052

192,418

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary shares

1

10,000

10,000

10.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1 October 2024

and 30 September 2025

1,224,635

679,964

1,904,599

Revaluation reserve

This is the cumulative effect of any revaluations in relation to the freehold property.

Fair value reserve

The fair value reserve comprises the cumulative effect of revaluations of current asset investments prior to transition from previous UK GAAP to Financial Reporting Standard 102.

Profit and loss account

The profit and loss account includes all current and prior periods retained profit and losses less dividends paid. Included within the profit and loss account is a value of unrealised profit on current asset investments due to the application of fair value rules of £297,006 (2024: profit of £44,843).