REGISTERED NUMBER: 15544483 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 MARCH 2024 TO 31 MARCH 2025

FOR

ISR - INTELLIGENT SOLUTIONS FOR

REFRACTORY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C S Cardoso Louro

Ms N M C Louro

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

15544483 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

CURRENT ASSETS

Debtors

4

10,460

CREDITORS

Amounts falling due within one year

5

4,760

NET CURRENT ASSETS

5,700

TOTAL ASSETS LESS CURRENT LIABILITIES

5,700

CAPITAL AND RESERVES

Called up share capital

6

10,000

Retained earnings

(4,300

)

SHAREHOLDERS' FUNDS

5,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

Ms C S Cardoso Louro - Director

1.	STATUTORY INFORMATION

ISR - Intelligent Solutions for Refractory Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's immediate parent company, Lourointernacional, SGPS, S.A, have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for the foreseeable future being at least one year and one day following the sign-off of the financial statements. As a result of this commitment, the directors have adopted the going concern basis in preparing these financial statements.

Related party exemption

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.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortized cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

Taxation

Taxation for the period 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 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

10,000

Other debtors

460

10,460

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,760

Other creditors & accruals

2,000

4,760

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10,000

Ordinary

£1

10,000

7.	ULTIMATE CONTROLLING PARTY

Lourointernacional, SGPS, S.A, incorporated in Portugal, is the immediate and ultimate parent company, owning 100% of ISR - Intelligent Solutions for Refractory Ltd. The registered address is Rua 25 de Abril, 3090-447 Ferreira-a-Nova, Portugal.

The ultimate controlling party is Alcides Murta Louro, by virtue of his majority ownership of Lourointernacional, SGPS, S.A.

8.	ULTIMATE PARENT COMPANY

Lourointernacional, SGPS, S.A, incorporated in Portugal, is the immediate and ultimate parent company, owning 100% of ISR - Intelligent Solutions for Refractory Ltd. The registered address is Rua 25 de Abril, 3090-447 Ferreira-a-Nova, Portugal.