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Registered number: 09124832
RAPTOR SUPPLIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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RAPTOR SUPPLIES LIMITED
COMPANY INFORMATION
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Chartered Accountants and Statutory Auditors
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1st Floor Sackville House
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RAPTOR SUPPLIES LIMITED
CONTENTS
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Notes to the Financial Statements
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RAPTOR SUPPLIES LIMITED
REGISTERED NUMBER: 09124832
BALANCE SHEET
AS AT 31 JULY 2025
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Creditors: amounts falling due within one year
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Creditors: amounts falling due after more than one year
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Equity shareholders' deficit
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
27 October 2026.
The notes on pages 2 to 9 form part of these financial statements.
Page 1
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Raptor Supplies Limited (company number: 09124832), having its registered office and principal place of business at 6 Hessel Road, London, England, W13 9ES is a private limited company incorporated in England and Wales.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:
The company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7, from the requirement to produce a Statement of Cash Flows, on the grounds that it is a small company.
At the year end, the Company had net liabilities of £1,226,658 (2024: £1,840,341) and incurred a loss of £149,876 (2024: £117,276) during the year ended 31 July 2025.
The financial statements have been prepared on the going concern basis. The directors and shareholders will continue to support the Company, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of the approval of the financial statements.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.
Page 2
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 3
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any 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 management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.
Investments in subsidiaries are measured at cost less accumulated impairment.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 4
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties and investments in ordinary shares.
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.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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In the application of the Company's accounting policies, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis, revisions to accounting estimates are recognised in the period in which the estimates are revised.
Page 5
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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Investment in subsidiaries
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Page 6
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Finished goods and goods for resale
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Convertible loan notes (see note 12)
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Page 7
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due < 1 year
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Amounts falling due 1-2 years
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Convertible loan notes (see below)
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Convertible loan notes
On 30 September 2019, the Company issued up to £1,000,000 of unsecured convertible loan notes under a Convertible Loan Note Instrument. The Notes bear interest at a fixed rate of 9% per annum, compounded daily, and are repayable or convertible within two years from the date of issue.
The key terms of the loan notes are as follows:
∙The loan notes are unsecured and rank pari passu among themselves.
∙Interest is capitalised and payable on redemption or conversion.
∙The loan notes are convertible into equity shares of the Company at the discretion of the Key Investor, either:
−On a qualifying fundraising of more than £1,500,000; or
−After the maturity date.
∙If not converted, the loan notes are redeemable at:
−Par plus interest for the Founder.
−Double the principal plus interest (Default Repayment Premium) for other Noteholders.
The original convertible loan note instrument dated 30 September 2019 was subsequently amended by deed on 6 March 2020, revising certain contractual milestone dates relating to the loan note arrangements. All other terms of the instrument remained unchanged.
On 15 December 2024, the Company’s outstanding convertible loan notes, together with accrued interest thereon, were converted into equity shares in accordance with the terms of the loan agreements. The conversion resulted in the issue of 86,867 new ordinary shares with a nominal value of £0.0001 each, in full settlement of the loan notes plus the related accrued interest, with an aggregate carrying value of £763,559.
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Page 8
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RAPTOR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Allotted, called up and fully paid
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257,539 (2024 - 200,959) Ordinary shares of £0.0001 each
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0 (2024 - 29,299) A Ordinary shares of £0.0001 each
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178,208 (2024 - 178,208) Preferred shares of £0.0001 each
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106,120 (2024 - 46,534) A1 Preferred shares of £0.0001 each
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During the year, 27,281 Ordinary Shares and 59,586 A1 Preferred Shares were issued following the conversion of convertible loan notes. The Company also corrected a historical Companies House filing which had incorrectly classified certain Ordinary Shares as A Ordinary Shares. The correction had no impact on the Company's issued share capital and was made solely to rectify the statutory record.
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Related party transactions
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The Company has taken advantage of Section 33.1A of FRS 102 in not disclosing transactions between wholly-owned members of a group.
During the year, consultancy costs of £2,467,032 (2024: £2,207,050) within administrative expenditure were made to A&M Supplies India Pvt Ltd.
Included within trade creditors are amounts due to A&M Supplies India Pvt Ltd of £343,207 (2024: £175,498).
A&M Supplies India Pvt Ltd is a related party by virtue of common ownership.
Included within other creditors are amounts due to A. Singh, a director, of £33,607 (2024: £16,071).
Included within convertible loan notes are amounts due to A. Singh, a director, of £nil (2024: £231,837).
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As at 31 July 2025 and 31 July 2024, A. Singh, a director, held ultimate control over the Company by virtue of his shareholding.
The Company was subject to an audit for the year ended 31 July 2025. The audit report was issued with an unqualified opinion and signed on 27 October 2026 by Robert Bradman BA CA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.
Page 9
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