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COMPANY REGISTRATION NUMBER: 12158751

AQUAPHOR UK LTD

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

AQUAPHOR UK LTD

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 88,807 | 7,548

Current assets

Stocks | 1,345,733 | 1,129,396
Debtors | 6 | 496,053 | 422,066
Cash at bank and in hand | 98,016 | 55,706
| ------------ | ------------
| 1,939,802 | 1,607,168

Creditors: amounts falling due within one year | 7 | ( 5,649,818) | ( 3,938,663)
| ------------ | ------------
Net current liabilities | ( 3,710,016) | ( 2,331,495)
| ------------ | ------------
Total assets less current liabilities | ( 3,621,209) | ( 2,323,947)

Creditors: amounts falling due after more than one year | 8 | ( 60,000) | ( 90,000)
| ------------ | ------------
Net liabilities | ( 3,681,209) | ( 2,413,947)
| ------------ | ------------

Capital and reserves

Called up share capital | 20,000 | 20,000
Profit and loss account | ( 3,701,209) | ( 2,433,947)
| ------------ | ------------
Shareholder deficit | ( 3,681,209) | ( 2,413,947)
| ------------ | ------------

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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 3 June 2026 , and are signed on behalf of the board by:

Mr A Gromovs | Mr N Wheeler
Director | Director

Company registration number: 12158751

AQUAPHOR UK LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025
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 3, Paddock Road Industrial Estate, Reading, Berkshire, RG4 5BY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Going concern
The company has net current liabilities, which necessitates the directors to consider whether the financial statements should be prepared on a going concern basis. Confirmation has been received from the parent company that financial support will continue to be provided by the group as and when required, consistent with previous years. In addition £5,321,797 of the creditor balance relates to intercompany balances which are not on strict commercial terms. The directors therefore do not consider there to be any material uncertainty regarding the company's ability to continue as a going concern. Accordingly, the directors have adopted the going concern basis for the preparation of these financial statements.
Judgements and key sources of estimation uncertainty
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. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.
Revenue recognition
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.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:

| Fixtures and fittings | - | 20% reducing balance
| Equipment | - | 20% reducing balance

Leasehold property improvements are not depreciated this year as the property was not occupied at the year end .
Impairment of fixed assets
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.
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 stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2024: 8 ).
5. Tangible assets

| L'hold property improvements | Fixtures and fittings | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2025 | – | 3,779 | 8,184 | 11,963
Additions | 66,453 | 15,777 | 844 | 83,074
| -------- | -------- | ------- | --------
At 31 December 2025 | 66,453 | 19,556 | 9,028 | 95,037
| -------- | -------- | ------- | --------
Depreciation |  |  |  |
At 1 January 2025 | – | 1,923 | 2,492 | 4,415
Charge for the year | – | 627 | 1,188 | 1,815
| -------- | -------- | ------- | --------
At 31 December 2025 | – | 2,550 | 3,680 | 6,230
| -------- | -------- | ------- | --------
Carrying amount |  |  |  |
At 31 December 2025 | 66,453 | 17,006 | 5,348 | 88,807
| -------- | -------- | ------- | --------
At 31 December 2024 | – | 1,856 | 5,692 | 7,548
| -------- | -------- | ------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 462,510 | 416,774
Other debtors | 33,543 | 5,292
| --------- | ---------
| 496,053 | 422,066
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 100,996 | 56,229
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 5,381,798 | 3,802,037
Social security and other taxes | 97,986 | 75,223
Other creditors | 69,038 | 5,174
| ------------ | ------------
| 5,649,818 | 3,938,663
| ------------ | ------------

The amount owed to group undertakings is denominated in Euros and a foreign exchange difference of £92,798 has not been recognised in the financial statements.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 60,000 | 60,000
Other creditors | – | 30,000
| -------- | --------
| 60,000 | 90,000
| -------- | --------

9. Summary audit opinion
The auditor's report dated 3 June 2026 was qualified on the following basis:
We were not appointed as auditors of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternate means concerning the inventory quantities of £1,129,396 held at 31 December 2024 by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount at 31 December 2024 was necessary or whether there was any consequential effect on the cost of sales for the year ended 31 December 2025. Furthermore as described in Note 7, the company has an intercompany balance denominated in Euros which has not been retranslated at the closing exchange rate at the reporting date. In accordance with FRS 102 Section 30 (Foreign Currency Translation), monetary assets and liabilities denominated in a foreign currency should be translated using the closing rate at the reporting date, with exchange differences recognised in profit or loss. Based on our audit evidence, had the balance been appropriately retranslated payables would have increased by £92,798, and loss for the year would have increased by the same amount. When combined with other smaller uncorrected misstatements, this represents a material misstatement to the financial statements; however, it is not pervasive. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. We are independent of the company in accordance with the FRC’s Ethical Standard and have fulfilled our other ethical responsibilities. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
The senior statutory auditor was Mark Bradshaw , for and on behalf of Streets Audit LLP .
10. Controlling party
The immediate parent company is Aquaphor International OU a company registered in Estonia. The consolidated financial statements of Aquaphor International OU are avaliable from Aquaphor International OU Ida-Viru maakond,Sillamae linn, L.Tolstoi tn 2a, 40231 Estonia.