REGISTERED NUMBER: 08621775 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Sharda Care Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

R D Khagram

J M Manuelpillai

REGISTERED OFFICE:

Victoria Care Centre

Acton Lane

Park Royal

London

NW10 7BR

REGISTERED NUMBER:

08621775 (England and Wales)

SENIOR STATUTORY AUDITOR:

Denver Dias

AUDITORS:

Williams

Chartered Accountants

Statutory Auditors

Jade House

67 Park Royal Road

London

NW10 7JJ

The director presents his strategic report for the year ended 31 December 2025

REVIEW OF BUSINESS

Sharda Care Limited, Trading as Victoria Care Centre, is a specialist nursing home that provides comprehensive care tailored to the needs of elderly residents and young adults living with neurological conditions, including traumatic brain injury, stroke and multiple sclerosis. Our facility features 115 en-suite bedrooms and spacious communal areas designed to foster social interaction.

Our business has been functioning efficiently and profitably for a number of years. We employ well-qualified and experienced managers and staff and motivate them to offer their best services to our residents. Our occupancy has always been very high compared to many other Homes and the health authorities are always very pleased with the level of services we offer. The business has always been profitable.

A few years ago, we decided to become a Specialist Nursing Home where we offer specialised services such as Advanced Dementia Care, Complex Neuro Disability Care, Spinal Cord Injury Care and Long-Term Respiratory Care services. Such services require huge improvements in the facilities as well as employing highly qualified and experienced managers and staff. We were happy to spend the sums required in capital expenditure as well as staff recruitment, training and remunerations. And, that effort is currently bearing fruit.

Reported turnover for the year 2025 was £12,549,942, compared with the year 2024 of £10,472,180 an increase of 20%. Net Profit Before Taxation was £2,001,339 compared to £1,690,927 of 2024, an increase of 18%. Net Profit Before Taxation as a percentage of Revenue was 16%, same as last year.

Total Net Assets increased from £3,843,817 in 2024 to £5,344,821, (+39%) which is very healthy. Bank Balance too improved from £1,136,342 to £2,144,060 (+88%)

All indications are that our revenue and profitability will continue to improve in the coming years as well.

PRINCIPAL RISKS AND UNCERTAINTIES

Offering specialised health services carry their own risks and uncertainties as we are taking care of extremely vulnerable residents. Despite all the training and motivation, the business nevertheless relies very much on our staff's willingness to give their best to the residents every time, every day. We are always looking for ways and means of improving the quality and training of our staff and we keep them motivated. Nevertheless, it is possible for one member of staff to not carry out their duty diligently, then the whole business would suffer.

The Company employs around 200 staff, highly qualified and experienced in the field. Labour costs are key to our business's profitability. A disproportionate increase in minimum wages and NI costs could cause the business to suffer. However, we enjoy good relationship with our Health Authorities and we are confident we could pass on any such increases to the Health Authorities.

There is no exposure on Finance Costs. The Company has no Loan or overdrafts facilities. Therefore, our bank has no reason not to continue to support us.

The Company has the best quality of machinery and equipment and despite that, there is an unlikely chance that an equipment could malfunction, causing huge trouble for the business. All machinery and equipment are regularly examined by experts.

FUTURE DEVELOPMENT

The Company management is not planning to change direction in the coming years. We would continue to employ, train and motivate well-qualified and experienced staff and expect them to offer their best to every resident who stays with us. We believe our revenue and profitability will continue to improve steadily each year.

ON BEHALF OF THE BOARD:

J M Manuelpillai - Director

9 September 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of residential nursing care.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

R D Khagram

J M Manuelpillai

GOING CONCERN

The parent company established a new care home in 2014 which is operated by Sharda Care Limited. Since this time the company has been building occupancy rates which have continued to improve during the year resulting in profits for a number of years.

The directors continue to forecast for growth and are budgeting further improvements to financial performance over the coming period. The total net assets at 31st December 2025 were £5,344,821 (2024: 3,843,817)

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements 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 financial statements 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 financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements 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 financial statements 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director 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 auditors are aware of that information.

AUDITORS

The auditors, Williams, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J M Manuelpillai - Director

9 September 2026

Opinion

We have audited the financial statements of Sharda Care Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements 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 financial statements 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 financial statements 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have 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 Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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 financial statements 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, 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.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors 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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the entity and identified that the

principal risk of non-compliance related to tax legislation and breaches of health and safety regulations .

We considered the effect on the financial statements, due to any non-compliance.

We also considered those laws and regulations that have a direct impact on the financial statements, such as the Companies Act 2006.

We evaluated the risks related to the management's manipulation of accounting entries, including journal entries, and accounting estimates, which could directly impact the financial statements.

Audit procedures performed included:

-

Discussions with management and company's accounting team, including whether they have knowledge of any actual, suspected or alleged fraud.

-

Performing procedures to address the risk of management override. Our audit testing included complete populations of certain transactions and balances, but typically involved audit sampling and a selection of a limited number of items for testing to enable us to draw a conclusion about the population from which the sample was selected.

-

Challenging assumptions made by management in their significant accounting estimates.

-

Identifying and testing journal entries.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Denver Dias (Senior Statutory Auditor)

for and on behalf of Williams

Chartered Accountants

Statutory Auditors

Jade House

67 Park Royal Road

London

NW10 7JJ

9 September 2026

TURNOVER

12,549,942

10,472,180

Cost of sales

7,305,228

5,841,986

GROSS PROFIT

5,244,714

4,630,194

Administrative expenses

3,447,108

2,958,391

1,797,606

1,671,803

Other operating income

176,400

-

OPERATING PROFIT

4

1,974,006

1,671,803

Interest receivable and similar income

27,333

19,124

PROFIT BEFORE TAXATION

2,001,339

1,690,927

Tax on profit

5

500,335

422,828

PROFIT FOR THE FINANCIAL YEAR

1,501,004

1,268,099

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,501,004

1,268,099

FIXED ASSETS

Tangible assets

7

389,042

260,013

CURRENT ASSETS

Debtors

8

4,034,244

3,408,995

Cash at bank and in hand

2,144,060

1,136,342

6,178,304

4,545,337

CREDITORS

Amounts falling due within one year

9

1,131,459

904,086

NET CURRENT ASSETS

5,046,845

3,641,251

TOTAL ASSETS LESS CURRENT LIABILITIES

5,435,887

3,901,264

PROVISIONS FOR LIABILITIES

10

91,066

57,447

NET ASSETS

5,344,821

3,843,817

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

5,344,721

3,843,717

SHAREHOLDERS' FUNDS

5,344,821

3,843,817

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

J M Manuelpillai - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100

2,575,618

2,575,718

Changes in equity

Total comprehensive income

-

1,268,099

1,268,099

Balance at 31 December 2024

100

3,843,717

3,843,817

Changes in equity

Total comprehensive income

-

1,501,004

1,501,004

Balance at 31 December 2025

100

5,344,721

5,344,821

Cash flows from operating activities

Cash generated from operations

1

1,449,128

(341,285

)

Tax paid

(416,324

)

(302,444

)

Net cash from operating activities

1,032,804

(643,729

)

Cash flows from investing activities

Purchase of tangible fixed assets

(228,819

)

(98,115

)

Interest received

27,333

19,124

Net cash from investing activities

(201,486

)

(78,991

)

Cash flows from financing activities

Government grants

176,400

-

Net cash from financing activities

176,400

-

Increase/(decrease) in cash and cash equivalents

1,007,718

(722,720

)

Cash and cash equivalents at beginning of year

2

1,136,342

1,859,062

Cash and cash equivalents at end of year

2

2,144,060

1,136,342

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Profit for the financial year

1,501,004

1,268,099

Depreciation charges

99,790

79,123

Government grants

(176,400

)

-

Finance income

(27,333

)

(19,124

)

Taxation

500,335

422,828

1,897,396

1,750,926

Increase in trade and other debtors

(625,249

)

(2,011,248

)

Increase/(decrease) in trade and other creditors

176,981

(80,963

)

Cash generated from operations

1,449,128

(341,285

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

2,144,060

1,136,342

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,136,342

1,859,062

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

1,136,342

1,007,718

2,144,060

1,136,342

1,007,718

2,144,060

Total

1,136,342

1,007,718

2,144,060

1.	STATUTORY INFORMATION

Sharda Care Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity.

Monetary amounts in these financial statements are rounded to the nearest UK pound.

Turnover

Turnover represents income received from residents of the care home. Income from residents of the

care home is recognised, as earned, through the provision of contracted services

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated

depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of an asset, less its estimated residual value, over

its estimated useful economic life as follows:

Asset class

Depreciation method and rate

- Fixtures and Fittings

- 20% straight line

- Office Equipment

- 20% straight line

Financial instruments

Classification

The company holds the following financial instruments:

- Short-term trade and other debtors and creditors;

- Loans; and

- Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS 102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Grant accounting policy

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Going concern

The parent company established a new care home in 2014 which is operated by Sharda Care Limited.

Since this time the company has been building occupancy rates which have continued to improve during the year resulting in a reasonable profit before tax. The directors continue to forecast for growth and are budgeting further improvements to financial performance over the coming period. The total net assets at 31st December 2025 were £5,344,821 (2024: £3,843,817).

The financial statements have been prepared by management on a going concern basis. The directors believe the company has sufficient liquid resources to meet liabilities as they fall due based on current forecasts and the holding company has support from its shareholders to support the company for the foreseeable future in the event further financial support is required.

For these reasons, the directors adopt a going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from any change in the company’s circumstances such that the going concern basis would no longer be appropriate.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are

classified as operating leases. Payments made under operating leases are charged to profit or loss on

a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 197 (2024: 177)

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

£

Depreciation - owned assets

99,790

79,123

Auditors' remuneration

20,400

16,080

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

466,716

416,324

Adjust provision - prior years

-

(1,926

)

Total current tax

466,716

414,398

Deferred taxation

33,619

8,430

Tax on profit

500,335

422,828

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

31.12.25

31.12.24

£

£

Profit before tax

2,001,339

1,690,927

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

500,335

422,732

Effects of:

Capital allowances in excess of depreciation

(33,619

)

(6,408

)

Adjustments to tax charge in respect of previous periods

-

(1,926

)

Origination and reversal of timing differences

33,619

8,430

Total tax charge

500,335

422,828

6.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

Amounts not provided for in the balance sheet:

The total amount of financial commitments not included in the balance sheet is £9,636,972 (2024: £12,048,348). This relates to unsecured commitments under non-cancellable operating leases.

The company is party to an unlimited multilateral guarantee with the parent company, NW Asset Holdings Limited, in favour of HSBC Bank.

The bank borrowing of NW Asset Holdings Limited is secured over its freehold property and at the balance sheet date amounted to £5,127,432 (2024: £5,514,408).

Additionally the company is a part of a group set-off arrangement, where in the event of NW Asset Holdings Limited insolvency, the bank can claim the cash balance in the company to recover any outstanding loan amounts.

The company has given a debenture to HSBC Bank and the debenture is secured against the assets of the company.

7.	TANGIBLE FIXED ASSETS

Fixtures

Office

& fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

404,949

146,565

551,514

Additions

209,565

19,254

228,819

Disposals

(6,203

)

(763

)

(6,966

)

At 31 December 2025

608,311

165,056

773,367

DEPRECIATION

At 1 January 2025

207,994

83,507

291,501

Charge for year

76,732

23,058

99,790

Eliminated on disposal

(6,203

)

(763

)

(6,966

)

At 31 December 2025

278,523

105,802

384,325

NET BOOK VALUE

At 31 December 2025

329,788

59,254

389,042

At 31 December 2024

196,955

63,058

260,013

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

992,953

1,068,481

Amounts owed by group undertakings

2,038,200

2,183,000

Other debtors

73,641

31,363

RDK International 54 Ltd

810,000

-

Prepayments and accrued income

103,320

122,593

Accrued Income

16,130

3,558

4,034,244

3,408,995

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

227,332

167,032

Taxation

466,716

416,324

Social security and other taxes

188,084

142,019

Other creditors

213,590

93,570

Customer deposits

-

16,204

Prepaid Income

370

10,035

Accrued expenses

35,367

58,902

1,131,459

904,086

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred taxation

91,066

57,447

Deferred

tax

£

Balance at 1 January 2025

57,447

Provided during year

33,619

Balance at 31 December 2025

91,066

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary shares

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2025

3,843,717

Profit for the year

1,501,004

At 31 December 2025

5,344,721

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Related party transactions

Summary of transactions with other related parties

Other related parties are related to the company by virtue of joint directorships

Expenditure with and payables to related parties

Other related parties

2025

£

Rendering of services

144,000

Other related parties

2024

£

Rendering of services

144,000

14.	IMMEDIATE PARENT UNDERTAKING

The company's immediate parent undertaking is NW Assets Holdings Limited (NWAHL),a company incorporated in the British Virgin Islands.The immediate parent undertaking does not prepare consolidated group financial statements. Copies of NWAHL's individual financial statements can be obtained from,Trident Chambers, PO Box 146, Road Town, Tortola, British Virgin Islands.