REGISTERED NUMBER: 01006561 (England and Wales)

KARIDA MANUFACTURING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Louis Christopher Loizou

Christopher Loizou

Zoe Maria Morris

Elizabeth Loizou

Florentina Elizabeth Christofi

SECRETARY:

Elizabeth Loizou

REGISTERED OFFICE:

3rd Floor, Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

REGISTERED NUMBER:

01006561 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

3rd Floor

Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

58,186

60,734

Investment property

5

2,054,144

2,054,144

2,112,330

2,114,878

CURRENT ASSETS

Debtors

6

31,582

63,612

Cash at bank

233,806

226,137

265,388

289,749

CREDITORS

Amounts falling due within one year

7

87,724

130,843

NET CURRENT ASSETS

177,664

158,906

TOTAL ASSETS LESS CURRENT LIABILITIES

2,289,994

2,273,784

CREDITORS

Amounts falling due after more than one year

8

51,208

44,659

NET ASSETS

2,238,786

2,229,125

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

2,237,786

2,228,125

SHAREHOLDERS' FUNDS

2,238,786

2,229,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 September 2026 and were signed on its behalf by:

Louis Christopher Loizou - Director

1.	STATUTORY INFORMATION

Karida Manufacturing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents rents receivable with income recognised evenly over the lease terms.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,

over the useful economic life of that asset as follows:

Investment property - Not depreciated

Fittings, fixtures and equipment - 25% reducing balance

Motor vehicles - 25% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

26,797

78,340

105,137

Additions

1,299

47,286

48,585

Disposals

-

(42,310

)

(42,310

)

At 31 December 2025

28,096

83,316

111,412

DEPRECIATION

At 1 January 2025

24,817

19,586

44,403

Charge for year

823

18,578

19,401

Eliminated on disposal

-

(10,578

)

(10,578

)

At 31 December 2025

25,640

27,586

53,226

NET BOOK VALUE

At 31 December 2025

2,456

55,730

58,186

At 31 December 2024

1,980

58,754

60,734

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,054,144

NET BOOK VALUE

At 31 December 2025

2,054,144

At 31 December 2024

2,054,144

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

2,054,144

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,988,861

1,988,861

Investment property was valued on an open market basis on 31 December 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

-

40,000

Other debtors

31,582

23,612

31,582

63,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

12,428

9,999

Taxation and social security

11,625

25,037

Other creditors

63,671

95,807

87,724

130,843

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

51,208

44,659

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary share

1

1,000

1,000

10.

RESERVES

Included in the retained earnings of £2,237,786 are non-distributable reserves of £65,283 representing cumulative revaluations to investment properties. Distributable reserves as at 31 December 2025 are therefore £2,172,503.

11.	RELATED PARTY DISCLOSURES

Included in debtors there is an amount of £8,000 (2024: £Nil) due from The Loizou Family Trust. The directors are the settlors of the trust and the beneficiaries are their children.

During the year the directors were paid dividends of £60,000 (2024: £60,000).