Aquum Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 06697191

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,950		5,950
Tangible Assets	5		521,879		545,474

			527,829		551,424
CURRENT ASSETS
Stocks	6	26,944		34,476
Debtors	7	368,367		538,544
Cash at bank and in hand		5,539		5,004

		400,850		578,024
Creditors: Amounts Falling Due Within One Year	8	(961,042 )		(964,971 )

NET CURRENT ASSETS (LIABILITIES)			(560,192 )		(386,947 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(32,363 )		164,477

Creditors: Amounts Falling Due After More Than One Year	9		(213,488 )		(83,688 )

NET (LIABILITIES)/ASSETS			(245,851 )		80,789

CAPITAL AND RESERVES
Called up share capital	10		99		99
Income Statement			(245,950 )		80,690

SHAREHOLDERS' FUNDS			(245,851)		80,789

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Aquum Ltd

Statement of Financial Position (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Theodoros Hajigeorgiou

Director

31 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Aquum Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06697191 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Going Concern Disclosure

The company has recognised net current liabilities of £560,192 and net liabilities of £245,851. Management has forecast cash flows for the company for at least 12 months from the date of signing the financial statements, and having considered the recoverability and liquidity of its assets as well as the shareholders' willingness and ability to support the company for at least 12 months from the date of signing the financial statementst, the directors confirm that they are satisfied that the company has adequate resources to meet its liabilities for at least 12 months from the date of signing the financial statements. As a result, they continue to adopt the going concern basis in preparing the financial statements.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer; 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. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets comprise trademarks. Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at their fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are recorded at fair value at the acquisition date.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Not depreciated
Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Aquum Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

2.8. Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured 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 the market rate of interest.

2.9. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Average number of employees, including directors	24	34

	24	34

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	5,950

As at 31 August 2025	5,950

Net Book Value
As at 31 August 2025	5,950

As at 1 September 2024	5,950

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 September 2024	378,116	452,231	318,822	1,149,169
Additions	-	-	1,775	1,775

As at 31 August 2025	378,116	452,231	320,597	1,150,944

Depreciation
As at 1 September 2024	-	380,159	223,536	603,695
Provided during the period	-	10,811	14,559	25,370

As at 31 August 2025	-	390,970	238,095	629,065

...CONTINUED

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Aquum Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	378,116	61,261	82,502	521,879

As at 1 September 2024	378,116	72,072	95,286	545,474

6. Stocks

	2025	2024
	£	£
Stocks	26,944	34,476

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,347	-
Prepayments and accrued income	73,722	60,313
Other debtors	264,298	478,231

	368,367	538,544

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	130,006	102,132
Bank loans and overdrafts	52,383	73,484
Other taxes and social security	16,480	54,053
VAT	10,158	94,106
Net wages	6,711	7,065
Other creditors	438,528	420,375
Accruals and deferred income	23,690	20,667
Directors' loan accounts	246,386	170,389
Amounts owed to other participating interests	36,700	22,700

	961,042	964,971

An amount of £36,700 (2024: £22,700) is owed to the shareholder Mr T Hajigeorgiou. This amount is unsecured, interest-free, and has no fixed terms of repayment.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	65,656	83,688
VAT	147,832	-

	213,488	83,688

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	99	99

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Aquum Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Related Party Transactions

Included in Other debtors are the following balances:

£45,780 (2024: £45,780) owed by Galleymore Ltd
£94,714 (2024: £94,714) owed by R Bar Ltd
£54,377 (2024: £54,377) owed by The Clapham Bakehouse Limited
£30,000 (2024: £30,000) owed by Progressus Limited
£37,906 (2024: £37,906) owed by Fineday Enterprises Ltd
£NIL (2024: £18,086) owed by Soba Noodle Bar

Rent of £138,953 (2024: £182,604) was paid to Soba Noodle Bar.

Other creditors include a balance of £30,000 (2024: £30,000) owed to Fiveways Investments Ltd, £165,310 (2024: £165,110) owed to Glencoe Property Services Ltd, and £17,914 (2024: NIL) owed to Soba Noodle Bar.

The companies mentioned above are related by virtue of being under the control or significant influence of common directors.

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