SAFEWATER LTD. 31/03/2026 iXBRL

Company registration number: 05329997

(England and Wales)

SAFEWATER LTD.

Unaudited filleted financial statements

for the year ended

31 March 2026

SAFEWATER LTD.

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

SAFEWATER LTD.

Directors and other information


	Director	M E R Deed


	Company number	05329997


	Registered office	Unit 7 Sovereign Centre
		Farthing Road
		Ipswich
		Suffolk
		IP1 5AP


	Accountants	Griffin Chapman
		4 & 5 The Cedars, Apex 12
		Old Ipswich Road
		Colchester
		Essex
		CO7 7QR

SAFEWATER LTD.

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of SAFEWATER LTD.

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SAFEWATER LTD. for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of SAFEWATER LTD., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of SAFEWATER LTD. and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAFEWATER LTD. and its director as a body for our work or for this report.

It is your duty to ensure that SAFEWATER LTD. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SAFEWATER LTD.. You consider that SAFEWATER LTD. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SAFEWATER LTD.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

6 July 2026

SAFEWATER LTD.

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,913		1,745
		_______		_______
			3,913		1,745

Current assets
Stocks		32,632		48,663
Debtors	6	45,888		53,810
Cash at bank and in hand		415,650		239,914
		_______		_______
		494,170		342,387
Creditors: amounts falling due
within one year	7	( 28,854)		( 215,222)
		_______		_______
Net current assets			465,316		127,165
			_______		_______
Total assets less current liabilities			469,229		128,910


Provisions for liabilities			( 403)		( 436)

			_______		_______
Net assets			468,826		128,474
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			468,825		128,473
			_______		_______
Shareholders funds			468,826		128,474
			_______		_______

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 06 July 2026 , and are signed on behalf of the board by:

M E R Deed

Director

Company registration number: 05329997

SAFEWATER LTD.

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Sovereign Centre, Farthing Road, Ipswich, Suffolk, IP1 5AP.

The principal activity of the company continues to be that of water treatment.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2025: Nil).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2025	1,805	1,805
Additions	2,806	2,806
	_______	_______
At 31 March 2026	4,611	4,611
	_______	_______
Depreciation
At 1 April 2025	60	60
Charge for the year	638	638
	_______	_______
At 31 March 2026	698	698
	_______	_______
Carrying amount
At 31 March 2026	3,913	3,913
	_______	_______
At 31 March 2025	1,745	1,745
	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	27,118	44,871
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,322	-
Other debtors	17,448	8,939
	_______	_______
	45,888	53,810
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	3,495	91,289
Corporation tax	-	117,409
Social security and other taxes	20,853	4,274
Other creditors	4,506	2,250
	_______	_______
	28,854	215,222
	_______	_______

8. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	21,000	21,000
Later than 1 year and not later than 5 years	49,000	70,000
	_______	_______
	70,000	91,000
	_______	_______

The above lease commitment is in respect of a unit owned by the ultimate parent company. 84.67% (2025 :95%) of this cost is covered by a fellow subsidiary until 17 December 2025, via a sub-lease, as it was used predominantly for their trade .

The company as lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	17,781	19,932
Later than 1 year and not later than 5 years	41,489	66,440
	_______	_______
	59,270	86,372
	_______	_______

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Management charges	32,794	122,730	-	(34,007)
	_______	_______	_______	_______

10. Controlling party

On the 12 January 2024 75% of the share capital was distributed at nominal value to Carobbio Holdings Limited , a company incorporated in England and Wales, and therefore is the ultimate parent company of Safewater Ltd. at that point, by virtue of its 75% direct holding and control of the GQS Holdings Ltd, which owned the remaining 25%. On 29 August 2025 the remaining 25% was transferred to Carobbio Holdings Limited from GQS Holdings Ltd, via a further distrubution in specie, and Safewater Ltd. is therefore now a 100% directly owned subsidiary from that date.