Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.Global Resources International Inc true 2025-01-01 false No description of principal activity 0 0 true true false 08749961 c:Audited 2025-01-01 2025-12-31 08749961 d:CurrentFinancialInstruments 2025-12-31 08749961 d:CurrentFinancialInstruments 2024-12-31 08749961 c:Director1 2025-01-01 2025-12-31 08749961 c:FRS102 2025-01-01 2025-12-31 08749961 c:FullAccounts 2025-01-01 2025-12-31 08749961 c:OrdinaryShareClass1 2025-01-01 2025-12-31 08749961 c:OrdinaryShareClass1 2025-12-31 08749961 c:OrdinaryShareClass1 2024-12-31 08749961 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08749961 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08749961 d:RetainedEarningsAccumulatedLosses 2025-12-31 08749961 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08749961 d:RetainedEarningsAccumulatedLosses 2024-12-31 08749961 d:RetainedEarningsAccumulatedLosses 2024-01-01 08749961 d:ShareCapital 2025-12-31 08749961 d:ShareCapital 2024-12-31 08749961 d:ShareCapital 2024-01-01 08749961 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08749961 2025-01-01 2025-12-31 08749961 2025-12-31 08749961 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 08749961 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08749961 2024-01-01 2024-12-31 08749961 2024-12-31 08749961 2024-01-01 08749961 e:PoundSterling 2025-01-01 2025-12-31 08749961 f:EnglandWales 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:08749961 ALLESET HEALTHCARE UK LIMITED FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 LUBBOCK FINE LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB
ALLESET HEALTHCARE UK LIMITED | REGISTERED NUMBER:08749961
BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 4 | 315,519 |  | 182,825 |
Debtors: amounts falling due within one year | 5 | 3,560,014 |  | 3,171,938 |
Cash at bank and in hand | 6 | 196,124 |  | 91,653 |
|  | 4,071,657 |  | 3,446,416 |
Creditors: amounts falling due within one year | 7 | (2,643,514) |  | (2,161,972) |
Net current assets |  |  | 1,428,143 |  | 1,284,444
Total assets less current liabilities |  |  | 1,428,143 |  | 1,284,444
Net assets |  |  | 1,428,143 |  | 1,284,444
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 2 |  | 2
Profit and loss account |  |  | 1,428,141 |  | 1,284,442
|  |  | 1,428,143 |  | 1,284,444
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
James Michael Mabry
Director
Date: 2 June 2026
The notes on pages 3 to 8 form part of these financial statements. Page 1
ALLESET HEALTHCARE UK LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2024 | 2 | 731,802 | 731,804
Profit for the year | - | 552,640 | 552,640
At 1 January 2025 | 2 | 1,284,442 | 1,284,444
Profit for the year | - | 143,699 | 143,699
At 31 December 2025 | 2 | 1,428,141 | 1,428,143
| The notes on pages 3 to 8 form part of these financial statements.
Page 2
ALLESET HEALTHCARE UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Alleset Healthcare UK Limited is a private company limited by shares, incorporated in England and Wales, registration number 08749961. Its registered office is 3rd Floor, Paternoster House, 65 St Paul's Churchyard, London EC4M 8AB. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company meets its day to day working capital requirements through the support of fellow group undertakings. The directors believe that it is appropriate to prepare the financial statements on a going concern basis, which assumes that the company will continue in existence for the forseeable future, on the basis of the continued support of these companies.
| 2.3 | Turnover
Turnover represents the sale of goods. Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised on the completion of the transaction when the significant risks and rewards of ownership of the goods have passed to the buyer.
| 2.4 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 3
ALLESET HEALTHCARE UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Page 4
ALLESET HEALTHCARE UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | Financial instruments (continued)
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
ALLESET HEALTHCARE UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within ''administrative expenses".
| 2.10 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.11 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 6
ALLESET HEALTHCARE UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| There were no employees during the year (2024 - none).
4. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 315,519 | 182,825
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,096,650 | 2,566,224
| Amounts owed by group undertakings | 1,384,010 | 504,826
| Other debtors | 73,481 | 90,477
| Prepayments and accrued income | 5,873 | 10,411
|  | 3,560,014 | 3,171,938
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 196,124 | 91,653
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,953,263 | 1,159,809
| Amounts owed to group undertakings | 303,445 | 577,675
| Other taxation and social security | 382,196 | 424,488
| Accruals and deferred income | 4,610 | -
|  | 2,643,514 | 2,161,972
Page 7
ALLESET HEALTHCARE UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares of £1.00 each | 2 | 2
9. | Contingent liabilities
Alleset Healthcare (UK) Ltd previously provided security for a group loan facility by way of a fixed and floating charge over its trade and assets. This security was removed during the current year via a deed of variation, dated 3 April 2025. As such the Company no longer provides security for the group loan facillity and the potential liability for the Company as at 31 December 2025, was £Nil (2024 - £21,789,000).
10. | Parent undertaking
The parent undertaking of the smallest group of undertakings for which group accounts are drawn up of which the company is a member is Global Resources International Inc. is incorporated in USA and its principal place of business is 4142 Industrial Way, Flowery Branch, GA 30542 USA.
11. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 3 June 2026 by Stephanie Turner (Senior Statutory Auditor) on behalf of Lubbock Fine LLP.
Page 8