REGISTERED NUMBER: 09939974 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Obeetee Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Chatterjee

G Sharma

S M O'Neill

C E M Sharratt

REGISTERED OFFICE:

2 Craven Road

Ealing

London

W5 2UA

REGISTERED NUMBER:

09939974 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ketan Ramesh Patel FCCA

AUDITORS:

Merchant Mackinlay Simpson Ltd

Statutory Auditors

2 Craven Road

Ealing

London

W5 2UA

FIXED ASSETS

Tangible assets

4

417,337

-

Investments

5

538,337

-

955,674

-

CURRENT ASSETS

Stocks

6

132,443

-

Debtors

7

319,808

84,837

Cash at bank and in hand

35,104

9,020

487,355

93,857

CREDITORS

Amounts falling due within one year

8

1,592,032

29,830

NET CURRENT (LIABILITIES)/ASSETS

(1,104,677

)

64,027

TOTAL ASSETS LESS CURRENT LIABILITIES

(149,003

)

64,027

CAPITAL AND RESERVES

Called up share capital

10

1,481,000

1,481,000

Retained earnings

11

(1,630,003

)

(1,416,973

)

SHAREHOLDERS' FUNDS

(149,003

)

64,027

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

G Sharma - Director

1.	STATUTORY INFORMATION

Obeetee Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover relates to the sale of furniture and commission received as agents.

Tangible fixed assets

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

life.

Short leasehold - term of the lease

Plant and machinery - term of the lease

Computer equipment - 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The financial statements have been prepared on the basis of going concern, which assumes that the company will be in operational existence for the foreseeable future. As at 31 March 2026, the Company had net current liabilities of £1,104,677, net liabilities of £149,003, and incurred a net loss of £213,030 for the year then ended. The Company's ability to continue as a going concern is dependent upon achieving profitable operations and the continued financial support of its immediate parent undertaking, Obeetee Private Limited.The validity of this assumption depends on the company being able to trade profitably in the future and the continued support from the ultimate controlling party. The financial statements do not include any adjustments that would result if such support is withdrawn.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

Additions

396,704

35,706

1,946

434,356

At 31 March 2026

396,704

35,706

1,946

434,356

DEPRECIATION

Charge for year

15,564

1,401

54

17,019

At 31 March 2026

15,564

1,401

54

17,019

NET BOOK VALUE

At 31 March 2026

381,140

34,305

1,892

417,337

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

538,337

At 31 March 2026

538,337

NET BOOK VALUE

At 31 March 2026

538,337

The Company directly holds 51% of the ordinary A share capital of Luke Irwin (Holding) Limited, a company incorporated in England and Wales, whose principal activity is investment holding.

Through its investment in Luke Irwin (Holding) Limited, the Company indirectly holds a 51% interest in Luke Irwin Limited, Luke Irwin Property Limited, and Luke Irwin Rug Limited, all of which are incorporated in England and Wales.

Luke Irwin Limited and Luke Irwin Property Limited are dormant companies. The principal activity of Luke Irwin Rug Limited is the design, manufacture, and retail of carpets and rugs.

6.

STOCKS

2026

2025

£

£

Stocks

132,443

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

121,297

84,453

Other debtors

198,511

384

319,808

84,837

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

577,312

22,725

Taxation and social security

7,016

-

Other creditors

1,007,704

7,105

1,592,032

29,830

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

179,085

-

Between one and five years

348,500

-

527,585

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,481,000

Ordinary

£1

1,481,000

1,481,000

11.

RESERVES

Retained

earnings

£

At 1 April 2025

(1,416,973

)

Deficit for the year

(213,030

)

At 31 March 2026

(1,630,003

)

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ketan Ramesh Patel FCCA (Senior Statutory Auditor)

for and on behalf of Merchant Mackinlay Simpson Ltd

13.	RELATED PARTY DISCLOSURES

Obeetee Private Limited

During the year ended 31 March 2026, the Company made purchases from Obeetee Private Limited, India, totalling £346,141 (2025: £Nil). At the balance sheet date, amounts due from Obeetee Private Limited, India, totalled £84,453 (2025: £84,453), while amounts due to Obeetee Private Limited, India, included within trade creditors amounted to £367,888 (2025: Nil). Obeetee Private Limited, India, is the immediate parent undertaking of Obeetee Ltd.The balance is unsecured, no interest bearing and is payable on demand.

Obeetee Inc.

At the balance sheet date, the balance due to Obeetee Inc, US was £991,844 (2025: £nil). Obeetee Inc.,US is a fellow subsidiary of Obeetee Ltd.The balance is unsecured, bearing interest at 8% per annum

and is payable on demand.