REGISTERED NUMBER: 02255021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 JANUARY 2025 TO 31 OCTOBER 2025

FOR

BRITANIA LIMITED

Page

Company information

1

Chartered accountants' report

2

Balance sheet

3

Notes to the financial statements

5

DIRECTOR:

R J Kendrick

REGISTERED OFFICE:

Braye House

Egypt Lane

Farnham Common

Slough

Berkshire

SL2 3LF

REGISTERED NUMBER:

02255021 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

1-2 Craven Road

Ealing

London

W5 2UA

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Britania Limited for the period ended 31 October 2025 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Britania Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Britania Limited and state those matters that we have agreed to state to the director of Britania Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britania Limited and its director for our work or for this report.

It is your duty to ensure that Britania Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Britania Limited. You consider that Britania Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Britania Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Johnsons, Chartered Accountants

1-2 Craven Road

Ealing

London

W5 2UA

19 October 2026

FIXED ASSETS

Tangible assets

4

9,118

10,090

Investments

5

7,613,366

7,897,767

7,622,484

7,907,857

CURRENT ASSETS

Debtors

6

3,809,044

3,659,799

Cash at bank

67,196

18,049

3,876,240

3,677,848

CREDITORS

Amounts falling due within one year

7

(1,300,434

)

(1,166,861

)

NET CURRENT ASSETS

2,575,806

2,510,987

TOTAL ASSETS LESS CURRENT LIABILITIES

10,198,290

10,418,844

CREDITORS

Amounts falling due after more than one year

8

(6,903,322

)

(7,510,278

)

NET ASSETS

3,294,968

2,908,566

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

3,294,868

2,908,466

SHAREHOLDERS' FUNDS

3,294,968

2,908,566

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

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

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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

R J Kendrick - Director

1.	STATUTORY INFORMATION

Britania 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis, the directors have assessed the impact of the changing climate and see no reason for the approach to be impacted.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided at the following annual rates using the reducing-balance method:

Plant and machinery etc - 25% and at varying rates

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FIXED ASSET INVESTMENTS

Investments in listed securities are recognised initially in the balance sheet at cost (including transaction costs). Subsequently measured at market value.

Investments in partnerships are recognised initially in the balance sheet at cost (including transaction costs). Subsequently, they are accounted for using the equity method.

Other unlisted securities are measured at cost less accumulated impairment, in the financial statements of the company.

FINANCIAL INSTRUMENTS

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost unless it qualifies as a loan from a director in the case of a small company or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:

- at fair value with changes recognised in the profit and loss if the shares are publicly traded or their fair value can otherwise be measured reliably;

- at cost less impairment for all other investments

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 January 2025

86,253

Additions

1,819

Disposals

(1,446

)

At 31 October 2025

86,626

DEPRECIATION

At 31 January 2025

76,163

Charge for period

2,068

Eliminated on disposal

(723

)

At 31 October 2025

77,508

NET BOOK VALUE

At 31 October 2025

9,118

At 30 January 2025

10,090

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 31 January 2025

7,897,767

Additions

1,737

Disposals

(513,785

)

Share of profit/(loss)

227,647

At 31 October 2025

7,613,366

NET BOOK VALUE

At 31 October 2025

7,613,366

At 30 January 2025

7,897,767

Cost or valuation at 31 October 2025 is represented by:

Other

investments

£

Cost

7,613,366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

3,781,595

3,624,178

Other debtors

27,449

35,621

3,809,044

3,659,799

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade creditors

27,355

29,344

Taxation and social security

123,952

130,450

Other creditors

1,149,127

1,007,067

1,300,434

1,166,861

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2025

£

£

Other creditors

6,903,322

7,510,278

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2025

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

During the year the company made the following transactions with companies in which R J Kendrick, a director and a shareholder in the company, was connected:

Consultancy services income:

2025

2025-Jan

£

£

Dramgate Limited

-

45,000

SSCS(H) Limited

45,000

15,000

Smartcomm Limited

-

10,000

Loan interest expense:

Dramgate Limited

27,747

36,426

At the balance sheet date the company had the following balances with related parties:

Debtors:

2025

2025-Jan

£

£

Cognisco Limited

3,398,562

3,256,442

Cognisco Holding Limited

39,860

39,860

Dramgate Limited

270,014

294,015

Creditors:

Dramgate Limited

4,606,162

4,808,414

At the balance sheet date the company owed Mr R Kendrick £2,997,883 (2025-Jan: £2,853,856). The amount owed to Mr R Kendrick is split between Other creditors falling due within one year (£1,095,822) and Other creditors due after more than one year (£1,902,061).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R J Kendrick.