REGISTERED NUMBER: SC352495 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Corrind Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Ramaswamy

Mrs N Averina

SECRETARY:

Mrs N Averina

REGISTERED OFFICE:

59 Braeside Place

Aberdeen

Grampian

AB15 7TX

REGISTERED NUMBER:

SC352495 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

3

2,873

3,294

Investments

4

186,097

167,528

188,970

170,822

CURRENT ASSETS

Stocks

1,120

2,910

Debtors

5

8,538

963

Cash at bank

354,860

402,116

364,518

405,989

CREDITORS

Amounts falling due within one year

6

18,532

17,906

NET CURRENT ASSETS

345,986

388,083

TOTAL ASSETS LESS CURRENT LIABILITIES

534,956

558,905

CAPITAL AND RESERVES

Called up share capital

20

20

Other reserves

86,096

67,527

Retained earnings

448,840

491,358

534,956

558,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 April 2026 and were signed on its behalf by:

S R Ramaswamy - Director

1.	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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

5,967

Additions

437

At 31 December 2025

6,404

DEPRECIATION

At 1 January 2025

2,673

Charge for year

858

At 31 December 2025

3,531

NET BOOK VALUE

At 31 December 2025

2,873

At 31 December 2024

3,294

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

167,528

Additions

18,569

At 31 December 2025

186,097

NET BOOK VALUE

At 31 December 2025

186,097

At 31 December 2024

167,528

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2016

23,584

Valuation in 2017

12,856

Valuation in 2018

(10,103

)

Valuation in 2019

17,725

Valuation in 2020

1,163

Valuation in 2021

16,035

Valuation in 2022

(13,537

)

Valuation in 2023

4,912

Valuation in 2024

14,893

Valuation in 2025

18,569

Cost

100,000

186,097

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

6,888

-

Other debtors

1,650

963

8,538

963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

4,903

11,876

Other creditors

13,629

6,030

18,532

17,906