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

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Perfection International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Calthorpe Road, Walsall, West Midlands, WS5 3LY.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention except for investment properties which are measured at fair value. The principal accounting policies adopted are set out below.

The company had net current liabilities of £200,165 at 31 December 2025. The position arises primarily due to funding provided by the director and a connected company.

The director has reviewed the company's cash flow forecasts and expects the company to generate sufficient rental income to meet its ongoing obligations. The director and connected parties do not intend to seek repayment of their balances where this would adversely affect the company's ability to continue trading.

Accordingly, the financial statements have been prepared on the going concern basis.

Revenue represents amounts receivable from rental income due for the period.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The current corporation tax due is £6,251,added to the deferred tax charge of £134 gives a total tax charge of £6,385.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The brought forward provision for deferred tax at 1 January 2025 is £694 and added to the charge to the profit and loss account of £134 gives a carried forward provision at 31 December 2025 of £828.

Deferred tax has been recognised in respect of timing differences arising from capital allowances in excess of depreciation

The preparation of the financial statements requires management to make judgement, estimates and assumptions that affect the reported amounts of assets and liabilities.

The principal area of estimation uncertainty is the valuation of investment property. The valuation is based on available market evidence and comparable property transactions. Actual market values may differ from those estimated.

The company has also exercised judgement in determining the recoverability of balances due from third parties and in assessing deferred tax liabilities arising on timing differences.

The average monthly number of persons (including directors) employed by the company during the year was:

The Property is measured at fair value at 31 December 2025 in accordance with FRS 102. The fair value has been assessed by the director using market evidence from comparable property transactions and other available market information. The director considers the carrying value of £437,028 to represent a reasonable estimate of fair value at the reporting date.

• Fair value at 1 January 2025: £437,028

• Fair value movement during the year: £nil

• Fair value at 31 December 2025: £437,028

Bank loans of £5,050 (2024 £5,024) are secured over the relevant property.

The bank loan of £117,604 (2024 £122491) is secured by a first legal charge over the company's investment property.

Included with other creditors is an amount of £106,200 (2024 £106,200) due to Perfection Clothing Limited.

At 31 December 2025 the company owed the director, R Bahia £136,385 (2024 £133,384).

Both balances are unsecured and repayable on demand.