IRIS Accounts Production v25.2.0.378 01488011 Board of Directors 1.4.24 31.3.25 31.3.25 23.7.25 true false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01488011 2024-03-31 01488011 2025-03-31 01488011 2024-04-01 2025-03-31 01488011 2023-03-31 01488011 2023-04-01 2024-03-31 01488011 2024-03-31 01488011 ns15:EnglandWales 2024-04-01 2025-03-31 01488011 ns14:PoundSterling 2024-04-01 2025-03-31 01488011 ns10:Director1 2024-04-01 2025-03-31 01488011 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01488011 ns10:SmallEntities 2024-04-01 2025-03-31 01488011 ns10:Audited 2024-04-01 2025-03-31 01488011 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01488011 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01488011 ns10:FullAccounts 2024-04-01 2025-03-31 01488011 1 2024-04-01 2025-03-31 01488011 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01488011 ns10:Director3 2024-04-01 2025-03-31 01488011 ns10:Director4 2024-04-01 2025-03-31 01488011 ns10:Director5 2024-04-01 2025-03-31 01488011 ns10:Director6 2024-04-01 2025-03-31 01488011 ns10:Director7 2024-04-01 2025-03-31 01488011 ns10:CompanySecretary1 2024-04-01 2025-03-31 01488011 ns10:RegisteredOffice 2024-04-01 2025-03-31 01488011 ns5:CurrentFinancialInstruments 2025-03-31 01488011 ns5:CurrentFinancialInstruments 2024-03-31 01488011 ns5:ShareCapital 2025-03-31 01488011 ns5:ShareCapital 2024-03-31 01488011 ns5:SharePremium 2025-03-31 01488011 ns5:SharePremium 2024-03-31 01488011 ns5:RevaluationReserve 2025-03-31 01488011 ns5:RevaluationReserve 2024-03-31 01488011 ns5:CapitalRedemptionReserve 2025-03-31 01488011 ns5:CapitalRedemptionReserve 2024-03-31 01488011 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01488011 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01488011 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 01488011 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 01488011 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 01488011 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 01488011 ns5:LandBuildings 2024-03-31 01488011 ns5:FurnitureFittings 2024-03-31 01488011 ns5:ComputerEquipment 2024-03-31 01488011 ns5:LandBuildings 2024-04-01 2025-03-31 01488011 ns5:FurnitureFittings 2024-04-01 2025-03-31 01488011 ns5:ComputerEquipment 2024-04-01 2025-03-31 01488011 ns5:LandBuildings 2025-03-31 01488011 ns5:FurnitureFittings 2025-03-31 01488011 ns5:ComputerEquipment 2025-03-31 01488011 ns5:LandBuildings 2024-03-31 01488011 ns5:FurnitureFittings 2024-03-31 01488011 ns5:ComputerEquipment 2024-03-31 01488011 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01488011 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01488011 ns10:OrdinaryShareClass1 2025-03-31 01488011 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01488011 ns5:SharePremium 2024-03-31 01488011 ns5:RevaluationReserve 2024-03-31 01488011 ns5:CapitalRedemptionReserve 2024-03-31 01488011 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 01488011 ns5:SharePremium 2024-04-01 2025-03-31 01488011 ns5:RevaluationReserve 2024-04-01 2025-03-31 01488011 ns5:CapitalRedemptionReserve 2024-04-01 2025-03-31

REGISTERED NUMBER: 01488011 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE COMPANY OF MASTER JEWELLERS LIMITED

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE COMPANY OF MASTER JEWELLERS LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | M Aldridge

| P R Simpkins

| Ms J Lockwood

| Mrs G Murphy

| J Neville

| J P Allum

| SECRETARY: | R Lewis

| REGISTERED OFFICE: | Somers House

| 25 Somers Road

| Rugby

| Warwickshire

| CV22 7DG

| REGISTERED NUMBER: | 01488011 (England and Wales)

| AUDITORS: | Dafferns Audit Limited

| Chartered Accountants

| Statutory Auditor

| One Eastwood

| Harry Weston Road

| Binley Business Park

| Coventry

| CV3 2UB

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 323,171 |  | 274,933 |  |

Tangible assets | 6 | 262,873 |  | 271,491 |  |

586,044 |  | 546,424 |  |

CURRENT ASSETS

Debtors | 7 | 5,049,964 |  | 5,412,473 |  |

Cash at bank | 2,234,209 |  | 2,436,891 |  |

7,284,173 |  | 7,849,364 |  |

CREDITORS

Amounts falling due within one year | 8 | 5,285,776 |  | 5,678,991 |  |

NET CURRENT ASSETS | 1,998,397 |  | 2,170,373 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,584,441 |  | 2,716,797 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 358,500 |  | 313,500 |  |

Share premium | 10 | 267,213 |  | 234,813 |  |

Revaluation reserve | 10 | 202,892 |  | 202,892 |  |

Capital redemption reserve | 10 | 215,906 |  | 206,906 |  |

Retained earnings | 10 | 1,539,930 |  | 1,758,686 |  |

SHAREHOLDERS' FUNDS | 2,584,441 |  | 2,716,797 |  |

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 23 July 2025 and were signed on its behalf by:

M Aldridge - Director

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| The Company of Master Jewellers 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about The Company of Master Jewellers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| The company acts as a negotiating and paying agent for its group of retail jeweller members. Turnover represents the commission earned by the company from suppliers on purchases made by CMJ members.

| Commissions are recognised when the right to consideration has been earned and where the economic benefits to members are accrued evenly during the year on supplier contracts, commissions are spread evenly throughout the year.

| Intangible assets

| Intangible assets are recognised at cost and subsequently measured under the historical cost model, being cost less accumulated depreciation and any accumulated impairment losses.

| All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

| Amortisation is charged to the Income Statement on a straight line basis over the estimated useful lives of the intangible assets. Intangible assets are amortised from the date they are available to use, as yet this date has not been reached, therefore no amortisation has been charged to date.

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

| Repairs and maintenance costs are charged to the statement of comprehensive income in the period in which they are incurred.

| Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-

| Land and buildings |  | - 2% on cost / valuation |

| Plant and machinery etc |  | - 25% & 33% on cost |

| Any gains and losses on the disposal of tangible fixed assets are recognised in the statement of comprehensive income in the year that the disposal takes place.

| Freehold property is shown and depreciated based on its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income.

| Financial instruments

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset in measured at the present value of the future receipts discounted at a market rate of interest.

| 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.

| 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.

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

3. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to the statement of comprehensive income in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 16 ) .

5. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024 | 274,933 |  |

| Additions | 48,238 |  |

| At 31 March 2025 | 323,171 |  |

| NET BOOK VALUE

| At 31 March 2025 | 323,171 |  |

| At 31 March 2024 | 274,933 |  |

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 265,000 |  | 96,441 |  | 97,924 |  | 459,365 |  |

| Additions | - |  | 6,783 |  | - |  | 6,783 |  |

| At 31 March 2025 | 265,000 |  | 103,224 |  | 97,924 |  | 466,148 |  |

| DEPRECIATION

| At 1 April 2024 | 10,600 |  | 79,350 |  | 97,924 |  | 187,874 |  |

| Charge for year | 5,300 |  | 10,101 |  | - |  | 15,401 |  |

| At 31 March 2025 | 15,900 |  | 89,451 |  | 97,924 |  | 203,275 |  |

| NET BOOK VALUE

| At 31 March 2025 | 249,100 |  | 13,773 |  | - |  | 262,873 |  |

| At 31 March 2024 | 254,400 |  | 17,091 |  | - |  | 271,491 |  |

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2004 | 78,545 |  | - |  | - |  | 78,545 |  |

| Valuation in 2010 | 17,317 |  | - |  | - |  | 17,317 |  |

| Valuation in 2015 | 12,683 |  | - |  | - |  | 12,683 |  |

| Valuation in 2017 | 35,000 |  | - |  | - |  | 35,000 |  |

| Valuation in 2019 | 5,000 |  | - |  | - |  | 5,000 |  |

| Cost | 116,455 |  | 103,224 |  | 97,924 |  | 317,603 |  |

265,000 |  | 103,224 |  | 97,924 |  | 466,148 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 116,455 |  | 116,455 |  |

| Aggregate depreciation | 86,177 |  | 83,848 |  |

| Value of land in freehold land and buildings | 225,000 |  | 225,000 |  |

| Freehold property was valued on an open market basis on 28 March 2022 by George and Company (Surveyors) Limited. No formal valuation took place in the current year, the Directors of the company are of the opinion that the current valuation remains accurate and appropriate.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 4,936,427 |  | 5,272,746 |  |

| Tax | 439 |  | 439 |  |

| Deferred tax asset | 34,000 |  | 34,000 |  |

| Prepayments and accrued income | 79,098 |  | 105,288 |  |

5,049,964 |  | 5,412,473 |  |

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 5,064,131 |  | 5,453,790 |  |

| Social security and other taxes | 24,334 |  | 21,386 |  |

| VAT | 60,185 |  | 48,583 |  |

| Other creditors | 43,403 |  | 83,409 |  |

| Accruals and deferred income | 92,707 |  | 70,299 |  |

| Deferred government grants | 1,016 |  | 1,524 |  |

5,285,776 |  | 5,678,991 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 358,500 | Ordinary | £1 | 358,500 |  | 313,500 |  |

10. | RESERVES

| Capital |

| Retained |  | Share |  | Revaluation |  | redemption |

| earnings |  | premium |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ | £ |

| At 1 April 2024 | 1,758,686 |  | 234,813 |  | 202,892 |  | 206,906 |  | 2,403,297 |  |

| Deficit for the year | (204,356 | ) | (204,356 | ) |

| Premium on shares issued in

| year | - |  | 32,400 |  | - |  | - |  | 32,400 |  |

| Purchase of own shares | (5,400 | ) | - |  | - |  | - |  | (5,400 | ) |

| Transfer to capital redemption

| reserve | (9,000 | ) | - |  | - |  | 9,000 |  | - |  |

| At 31 March 2025 | 1,539,930 |  | 267,213 |  | 202,892 |  | 215,906 |  | 2,225,941 |  |

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

| The Report of the Auditors was unqualified.

| David Halkett FCCA (Senior Statutory Auditor)

| for and on behalf of Dafferns Audit Limited

12. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments and guarantees which are not included in the balance sheet amount to £36,850 (2024: £60,009).

THE COMPANY OF MASTER JEWELLERS LIMITED (REGISTERED NUMBER: 01488011) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

13. | RELATED PARTY DISCLOSURES

| As described in the directors report the shareholders consist of a group of retail jewellers who exploit their combined buying power and marketing potential for their mutual benefit. The board of directors are elected from the shareholders to manage the affairs of the company by holding periodic board meetings, therefore the directors are not involved on a day to day basis. The shareholders, including the directors, as retail jewellers make purchases through the company and form part of the trade debtors of the company. All transactions with the shareholders are at arms length under normal trading terms and conditions and therefore no separate disclosure of these transactions is considered to be appropriate in these financial statements.

| 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.