JAGUAR RESOURCES AND CAPITAL UK LTD

Registered number

14469743

Report and Accounts

31 March 2026

JAGUAR RESOURCES AND CAPITAL UK LTD
Report and accounts
Contents




Page

Company information	1
Directors' report	2-3
Independent auditor's report	4-6
Profit and loss account	7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the accounts	11-14

JAGUAR RESOURCES AND CAPITAL UK LTD

Company Information

Directors

Akshay Kharbanda

Auditors

Rel Integral Accounting and Auditing Limited

65 Delamere Road

Hayes

Middlesex

United Kingdom

UB4 0NN

Bankers

ICICI Bank UK PLC

One Thomas More Square

London

E1W 1YN

Registered office

78-79 Pall Mall

London

SW1Y 5ES

Registered number

14469743

JAGUAR RESOURCES AND CAPITAL UK LTD
Registered number:		14469743
Directors' Report

The directors present their report and accounts for the period ended 31 March 2026.

Principal activities
The company's principal activity during the year continued to be wholesaler of metal, metal ores, waste and scrap.

Directors
The following persons served as directors during the period:

	Akshay Kharbanda

Political donations
No political and non-political donations are made during the year.

Results and dividends
The result for the year are set out of on page 07. No ordinary dividends were paid during the year.

Directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 13.08.2026 and signed by its order.





Akshay Kharbanda
Director

JAGUAR RESOURCES AND CAPITAL UK LTD
Independent auditor's report
to the members of JAGUAR RESOURCES AND CAPITAL UK LTD

Opinion

We have audited the accounts of JAGUAR RESOURCES AND CAPITAL UK LTD (the 'company') for the period ended 31 March 2026 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and notes to the accounts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts:
●	give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the period then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In accordance with the exemption provided by FRC's Ethical Standard - Provisions Available for Audits of Small Entities, we have prepared and submitted the company’s returns to the tax authorities and assisted with the preparation of the accounts.

Conclusions relating to going concern
In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the directors’ report for the financial period for which the accounts are prepared is consistent with the accounts; and
●	the directors’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the accounts are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit; or
●	the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with those charged with governance of the Company.
Our approach was as follows:
We obtained a general understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are direct laws and regulations those have effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and taxation legislation. We obtained a general understanding of how the Company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance matters of the Company.
For both direct and other laws and regulations, our procedures involved: making enquiry of the directors of the Company for their awareness of any noncompliance of laws or regulations, inquiring about the policies that have been established to prevent non-compliance with laws and regulations by officers and employees.
Our audit procedures included:
•Examining the supporting documents for all material balances, transactions and disclosures •enquiry of management and review and inspection of relevant correspondence •evaluation of the selection and application of accounting policies •analytical procedures to identify any unusual or unexpected relationship •review of accounting estimates for biases

A further description of our responsibilities for the audit of the accounts is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.



Devender Arora FCA
(Senior Statutory Auditor)		65 Delamere Road
for and on behalf of		Hayes
Rel Integral Accounting and Auditing Limited		Middlesex
Statutory Auditor		United Kingdom
13.08.2026		UB4 0NN

JAGUAR RESOURCES AND CAPITAL UK LTD
Profit and Loss Account
for the period from 1 December 2024 to 31 March 2026


	2026		2024
£		£

Turnover	4,354,214		-

Cost of sales	(4,245,239)		(500)

Gross profit/(loss)	108,975		(500)

Administrative expenses	(2,051,667)		(462,866)
Other operating income	2,618,626		522,852

Operating profit	675,934		59,486


Profit before taxation	675,934		59,486

Tax on profit	(191,978)		(11,915)

Profit for the period	483,956		47,571

JAGUAR RESOURCES AND CAPITAL UK LTD
Statement of comprehensive income
for the period from 1 December 2024 to 31 March 2026


	2026		2024
£		£

Profit for the period	483,956		47,571

Other comprehensive income

Total comprehensive income for the period	483,956		47,571

JAGUAR RESOURCES AND CAPITAL UK LTD
Registered number:		14469743
Balance Sheet
as at 31 March 2026

Notes			2026			2024
£				£
Fixed assets
Tangible assets	3		47,332			44,271

Current assets
Debtors	4	7,215,533			158,685
Cash at bank and in hand		226,614			704
		7,442,147			159,389

Creditors: amounts falling due within one year	5	(1,359,252)			(157,389)

Net current assets			6,082,895			2,000

Net assets			6,130,227			46,271

Capital and reserves
Called up share capital			5,600,100			100
Profit and loss account			530,127			46,171

Shareholders' funds			6,130,227			46,271

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Akshay Kharbanda
Director
Approved by the board on 13.08.2026

JAGUAR RESOURCES AND CAPITAL UK LTD
Statement of Changes in Equity
for the period from 1 December 2024 to 31 March 2026

Share		Profit		Total
capital		and loss
account
£		£		£

At 1 December 2023	100		(1,400)		(1,300)

Profit for the financial year			47,571		47,571


At 30 November 2024	100		46,171		46,271



At 1 December 2024	100		46,171		46,271

Profit for the period			483,956		483,956

Shares issued	5,600,000				5,600,000

At 31 March 2026	5,600,100		530,127		6,130,227

JAGUAR RESOURCES AND CAPITAL UK LTD
Notes to the Accounts
for the period from 1 December 2024 to 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Going concern
	The financial statements have been prepared on the going concern basis. The directors have assessed the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. Based on this assessment, including consideration of the company's expected cash flows, available financial resources and forecast trading performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		20% straight line
	Motor Vehicle		20% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Comparative Information
	The comparative figures for the year ended 30th November 2024 are derived from the financial statements for that period, which were not subject to audit. Accordingly, no audit opinion was expressed on the comparative financial information presented in these financial statements.


2	Employees				2026		2024
Number						Number

	Average number of persons employed by the company				12		5


3	Tangible fixed assets
			Computer & equipments		Motor vehicles		Total
£				£		£
	Cost
	At 1 December 2024		927		48,188		49,115
	Additions		20,216		-		20,216
	At 31 March 2026		21,143		48,188		69,331

	Depreciation
	At 1 December 2024		26		4,818		4,844
	Charge for the period		4,305		12,850		17,155
	At 31 March 2026		4,331		17,668		21,999

	Net book value
	At 31 March 2026		16,812		30,520		47,332
	At 30 November 2024		901		43,370		44,271


4	Debtors				2026		2024
£						£

	Trade debtors				4,018,789		-
	VAT				51,730		17,002
	Deposits				58,500		26,280
	Other debtors				3,086,514		115,403
					7,215,533		158,685


5	Creditors: amounts falling due within one year				2026		2024
£						£

	Trade creditors				122,504		47,702
	Amounts owed to group undertakings and undertakings in which the company has a participating interest				949,752		-
	Taxation and social security costs				266,026		24,371
	Other creditors				20,970		85,316
					1,359,252		157,389


6	Related party transactions
	The company has entered into transactions with related parties during the year in the ordinary course of business. Outstanding balances at the reporting date were as follows:
	Related party	Relationship	Balance at year end		Included in
	Mr. A.K.	Director's current account	1,707,367.78		Other debtors
	Aryabhata Investment Ltd	Company controlled by the director	14,083.00		Other debtors
	Inayat Services Ltd	Company controlled by director’s spouse	(4,850)		Other debtors
	LION Recycling Ltd	Company controlled by the director	7,000.00		Other debtors
	INAV Capital Ltd	Company controlled by the director	1,296,341.41		Other debtors
	Jaguar Resources and Capital Pte Ltd	Parent undertaking	(949,752)		Amounts owed to group undertakings and undertakings in which the company has a participating interest
	The amount due from the director (Mr. A.K.) represents a current account balance. Following the year end, the director repaid £ 1,707,368, leaving a nil balance outstanding at the date these financial statements were approved.
	The balance due to Jaguar Resources and Capital Pte Ltd arises from normal trading activities and represents amounts outstanding in respect of purchases made in the ordinary course of business. The balance is unsecured, interest free and repayable in accordance with normal trading terms.
	Balances with other related parties are unsecured, interest free and repayable on demand.

7	During the year advances aggregating GBP 81,811 were given for meeting certain office and administrative work. Based on management's assessmnet, these advances were determined to be non-recoverable and have accordingly been written off in current period.


8	Controlling party
	The Company is 100% subsidiary of Jaguar Resources And Capital Pte. Ltd , a private company limited by shares and incorporated in Singapore, registered at 8 Marina Boulevard, 11-68, Marina Bay Financial Centre, Singapore.

9	Other information

	JAGUAR RESOURCES AND CAPITAL UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
	78-79 Pall Mall
	London
	SW1Y 5ES