| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2025 |
| for |
| COUGAR INDUSTRIES LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2025 |
| for |
| COUGAR INDUSTRIES LIMITED |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Contents of the Financial Statements |
| for the year ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| COUGAR INDUSTRIES LIMITED |
| Company Information |
| for the year ended 31 December 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 5th Floor |
| Palladium House |
| 1-4 Argyll Street |
| London |
| W1F 7TA |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Statement of Financial Position |
| 31 December 2025 |
| 31.12.25 | 31.12.24 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Statement of Financial Position - continued |
| 31 December 2025 |
| The financial statements were approved by the director and authorised for issue on |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Notes to the Financial Statements |
| for the year ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Cougar Industries Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover and revenue recognition |
| Revenue is the total amount receivable, excluding value added tax, for services provided in the ordinary course of business. |
| Revenue is recognised at the fair value of the consideration received or receivable for sale of goods to external customers in the ordinary nature of the business. The fair value of the consideration takes into account trade discounts, settlement discounts and volume rebates. |
| Revenue is shown net of Value Added Tax. |
| Property, plant and equipment |
| Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows; |
| Plant and machinery | - 20% reducing balance method |
| Computer equipment | - 33% straight line basis |
| Motor vehicles | - 25% straight line basis |
| The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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 statement of financial position date. |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Cash and cash equivalents |
| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. |
| Financial instruments |
| The company has adopted section 11 of FRS 102 in respect of its basic financial instruments. |
| Basic financial assets |
| Trade and other debtors, directors' loan accounts, amounts owed by participating interests, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method. |
| At the end of each reporting period basic 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. |
| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. |
| Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
| Basic financial liabilities |
| Trade and other creditors, accruals, directors' loan accounts, and bank loans and overdrafts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method. |
| Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired. |
| Equity instruments |
| The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments. |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Cost or valuation at 31 December 2025 is represented by: |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Valuation in 2001 | 143,717 | - | - | 143,717 |
| Valuation in 2012 | 200,000 | - | - | 200,000 |
| Valuation in 2016 | 70,000 | - | - | 70,000 |
| Valuation in 2019 | 555,000 | - | - | 555,000 |
| Cost | 381,283 | 208,038 | 71,181 | 660,502 |
| 1,350,000 | 208,038 | 71,181 | 1,629,219 |
| 5. | INVENTORIES |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Finished goods |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Trade debtors |
| Amounts owed by related undertakings | 101,885 | 13,534 |
| Prepayments and accrued income |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to related undertakings | 8,000 | 8,000 |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | 142,333 | 93,583 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Other bank loan | 64,884 | 104,391 |
| Corona virus bounce back loan | 4,167 | 14,167 |
| In June 2017 the company entered into a bank facility of £355,250 which is repayable over a period of 10 years.Interest is charged at a rate of 3.5% and the loan is secured by way of a legal charge on the company's assets. |
| In May 2020 the company secured a £50,000 Corona Virus Bounce Back Loan. The loan is unsecured and interest free for the first 12 months. Thereafter the interest charge on the loan is 2.5% per annum. The loan is repaid in installments over a period of 6 years from the date of initial drawdown. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.25 | 31.12.24 |
| value: | £ | £ |
| Ordinary | 1 | 40 | 40 |
| COUGAR INDUSTRIES LIMITED (REGISTERED NUMBER: 01589526) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 11. | RELATED PARTY DISCLOSURES |
| Cougar Industries (Holdings) Limited |
| The company's parent undertaking is Cougar Industries (Holdings) Limited. At 31 December 2025 the company owes its parent undertaking £8,000 and this amount is unsecured, interest free and repayable on demand. |
| Cougar Pump Repairs Limited |
| The director of the company, Mr P Harris is a controlling shareholder of Cougar Pump Repairs Limited. At 31 December 2025 the amount outstanding in respect of the above is £101,885. This amount is unsecured, interest free and repayable on demand. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Cougar Industries (Holdings)Limited. |
| The ultimate controlling party is |