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REGISTERED NUMBER: 09634040















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRANDY MELVILLE ONLINE LTD

BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRANDY MELVILLE ONLINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M L Kermabon
A Sarracino



REGISTERED OFFICE: The Garment Building
9 Fisher’s Lane
London
W4 1RX



REGISTERED NUMBER: 09634040



SENIOR STATUTORY AUDITOR: Tony Castagnetti



AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,673 45,536
28,673 45,536

CURRENT ASSETS
Stocks 6 821,631 1,000,055
Debtors 7 3,742,729 2,864,349
Cash at bank 1,680,496 1,114,715
6,244,856 4,979,119
CREDITORS
Amounts falling due within one year 8 (3,661,214 ) (2,959,159 )
NET CURRENT ASSETS 2,583,642 2,019,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,612,315

2,065,496

PROVISIONS FOR LIABILITIES 9 (434 ) (1,982 )
NET ASSETS 2,611,881 2,063,514

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 2,611,880 2,063,513
SHAREHOLDERS' FUNDS 2,611,881 2,063,514

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 26 August 2025 and were signed on its behalf by:





A Sarracino - Director


BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Brandy Melville Online 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.
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.

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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be
measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortization and any accumulated impairment losses.

Computer software has been amortized evenly over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 3 years straight line
Fixtures and fittings - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 32,915
AMORTISATION
At 1 January 2024
and 31 December 2024 32,915
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2024 53,667 43,874 97,541
Additions - 791 791
At 31 December 2024 53,667 44,665 98,332
DEPRECIATION
At 1 January 2024 16,061 35,944 52,005
Charge for year 10,667 6,987 17,654
At 31 December 2024 26,728 42,931 69,659
NET BOOK VALUE
At 31 December 2024 26,939 1,734 28,673
At 31 December 2023 37,606 7,930 45,536

6. STOCKS
2024 2023
as restated
£    £   
Finished goods 821,631 1,000,055

7. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Trade debtors 95,587 50,400
Amounts owed by group undertakings 3,520,295 2,445,809
Other debtor 47,500 47,500
Deferred tax asset - 126,428
Prepayments and accrued income 79,347 88,864
3,742,729 2,759,001

Amounts falling due after more than one year:
Tax - 105,348

Aggregate amounts 3,742,729 2,864,349

BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 2,122,440 1,623,914
Amounts owed to group undertakings 854,821 670,171
Social security and other taxes 7,403 8,737
VAT 503,445 507,288
Other creditors 392 467
Accruals and deferred income 159,361 127,968
Accrued expenses 13,352 20,614
3,661,214 2,959,159

9. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 434 1,982

Deferred
tax
£   
Balance at 1 January 2024 1,982
Provided during year (1,548 )
Balance at 31 December 2024 434

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 Ordinary £1 1 1

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

12. RELATED PARTY DISCLOSURES

During the year, the company was also charged royalties of £1,065,770 (2023: £939,573) from YYGM SA, a company owned by the director's son.

At 31st December 2024, amount due to YYGM SA was £581,984 (2023: £566,492).

BRANDY MELVILLE ONLINE LTD (REGISTERED NUMBER: 09634040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


13. POST BALANCE SHEET EVENTS

While energy costs have fallen in 2024, UK inflation remains above target, and the economic recovery is still sluggish. This continues to affect household confidence and non-essential retail sales, particularly among lower and middle-income customers. Directors are monitoring these risks closely and will implement appropriate measures to support sales and manage ongoing challenges

14. ULTIMATE CONTROLLING PARTY

The controlling party is M L Kermabon.