Southam Retail UK Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 16330790

		31 January 2026
	Notes	£	£
FIXED ASSETS
Intangible Assets	5		2,258,411
Tangible Assets	6		9,360

			2,267,771
CURRENT ASSETS
Stocks	7	230,000
Debtors	8	275,304
Cash at bank and in hand		161,255

		666,559
Creditors: Amounts Falling Due Within One Year	9	(2,880,216 )

NET CURRENT ASSETS (LIABILITIES)			(2,213,657 )

TOTAL ASSETS LESS CURRENT LIABILITIES			54,114

Creditors: Amounts Falling Due After More Than One Year	10		(9,481 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,340 )

NET ASSETS			42,293

CAPITAL AND RESERVES
Called up share capital	11		1
Profit and Loss Account			42,292

SHAREHOLDERS' FUNDS			42,293

Page 1

Page 2

Southam Retail UK Limited

Balance Sheet (continued)

As At 31 January 2026

For the period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shahid Hussain Director	Mr Navinder Matharu Director
23/10/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Southam Retail UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16330790 . The registered office is Awr Accountants Lawrence Business Centre, Lawrence House 37 Normanton Road, Derby, Derby, DE1 2GJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% straight-line
Computer Equipment	25% straight-line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Southam Retail UK Limited

Notes to the Financial Statements (continued)

For the Period 20 March 2025 to 31 January 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 20

4. Tax on Profit

	Tax Rate	31 January 2026
	31 January 2026	£
Current tax
UK Corporation Tax	25.0%	34,473
Deferred Tax
Deferred taxation		2,340


Total tax charge for the period		36,813

		31 January 2026
		£
Profit before tax		79,105

Breakdown of tax charge is:
Tax on profit at 25% (UK standard rate)		19,776
Goodwill/depreciation not allowed for tax		29,711
Expenses not deductible for tax purposes		12
Tax losses utilised		(11,402 )
Capital allowances		(2,494 )
Short term timing differences		2,340
Difference in tax rates		(1,130 )

Total tax charge for the period		36,813

Page 4

Page 5

Southam Retail UK Limited

Notes to the Financial Statements (continued)

For the Period 20 March 2025 to 31 January 2026

5. Intangible Assets

	Goodwill
	£
Cost
As at 20 March 2025	-
Additions	2,376,642

As at 31 January 2026	2,376,642

Amortisation
As at 20 March 2025	-
Provided during the period	118,231

As at 31 January 2026	118,231

Net Book Value
As at 31 January 2026	2,258,411

As at 20 March 2025	-

6. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 20 March 2025	-	-	-	-
Additions	1	5,000	4,973	9,974

As at 31 January 2026	1	5,000	4,973	9,974

Depreciation
As at 20 March 2025	-	-	-	-
Provided during the period	1	375	238	614

As at 31 January 2026	1	375	238	614

Net Book Value
As at 31 January 2026	-	4,625	4,735	9,360

As at 20 March 2025	-	-	-	-

7. Stocks

	31 January 2026
	£
Stock	230,000

Page 5

Page 6

Southam Retail UK Limited

Notes to the Financial Statements (continued)

For the Period 20 March 2025 to 31 January 2026

8. Debtors

	31 January 2026
	£
Due within one year
Trade debtors	231,225
Other debtors	44,079

	275,304

9. Creditors: Amounts Falling Due Within One Year

	31 January 2026
	£
Trade creditors	696,681
Amounts owed to participating interests	1,691,825
Other creditors	457,237
Taxation and social security	34,473

	2,880,216

10. Creditors: Amounts Falling Due After More Than One Year

	31 January 2026
	£
Taxation and social security	9,481

11. Share Capital

	31 January 2026
	£
Allotted, Called up and fully paid	1

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 January 2026
	£
Not later than one year	22,500
Later than one year and not later than five years	90,000
Later than five years	1,875

	114,375

Page 6