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REGISTERED NUMBER: 03697190 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MARK ROBBINS CARPETS & BEDS LIMITED

MARK ROBBINS CARPETS & BEDS LIMITED (REGISTERED NUMBER: 03697190) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 7 |

| MARK ROBBINS CARPETS & BEDS LIMITED |

COMPANY INFORMATION

for the year ended 31 January 2025

| DIRECTORS: | Mark Richard Robbins

| Deborah Jane Robbins

| Jonathan Stimpson

| SECRETARY: | Deborah Jane Robbins

| REGISTERED OFFICE: | 10 St Ann Street

| Salisbury

| Wiltshire

| SP1 2DN

| REGISTERED NUMBER: | 03697190 (England and Wales)

| ACCOUNTANTS: | Rothmans LLP

| 10 St Ann Street

| Salisbury

| Wiltshire

| SP1 2DN

MARK ROBBINS CARPETS & BEDS LIMITED (REGISTERED NUMBER: 03697190) |

BALANCE SHEET

31 January 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 592,820 |  | 583,963 |  |

CURRENT ASSETS

Stocks | 86,332 |  | 87,568 |  |

Debtors | 5 | 63,416 |  | 76,156 |  |

Cash at bank and in hand | 285,785 |  | 297,162 |  |

435,533 |  | 460,886 |  |

CREDITORS

Amounts falling due within one year | 6 | 101,920 |  | 117,623 |  |

NET CURRENT ASSETS | 333,613 |  | 343,263 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 926,433 |  | 927,226 |  |

PROVISIONS FOR LIABILITIES | 8,190 |  | 55,596 |  |

NET ASSETS | 918,243 |  | 871,630 |  |

CAPITAL AND RESERVES

Called up share capital | 266 |  | 261 |  |

Share premium | 7 | 139 |  | - |  |

Retained earnings | 7 | 917,838 |  | 871,369 |  |

SHAREHOLDERS' FUNDS | 918,243 |  | 871,630 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 May 2025 and were signed on its behalf by:

Mark Richard Robbins - Director

MARK ROBBINS CARPETS & BEDS LIMITED (REGISTERED NUMBER: 03697190) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 January 2025

1. | STATUTORY INFORMATION

| Mark Robbins Carpets & Beds 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.

| Revenue recognition

| Revenue is measured at the fair value of the consideration received or receivable for the sale of beds and

| the sale and fitting of carpets and associated products.

| Revenue from the sale of carpets and beds sold without installation is recognised when the item leaves the company's showroom or is delivered to the customers property, at which time the significant risks and rewards of ownership have passed to the customer.

| Revenue for carpets which are installed is recognised once the carpet has been fully fitted, at which time the significant risks and rewards of ownership have passed to the customer.

| The company does not enter into long-term contracts.

| Tangible fixed assets

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

| Land and buildings | - | at varying rates on cost

| Plant and machinery etc | - | 25% on reducing balance and 20% on reducing balance

| 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.

| Stocks

| Stock represents the value of beds, frames, mattresses, carpets and beds. Stock is measured at cost less any appropriate adjustment for obsolescence based on customer trends. Stock is issued on a first on first basis.

| 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.

| 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.

MARK ROBBINS CARPETS & BEDS LIMITED (REGISTERED NUMBER: 03697190) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts and recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

| Creditors

| Creditors are not interest bearing and are stated at their nominal value.

| Cash and cash equivalents

| These comprise cash at bank and other short term highly liquid deposits.

| Reserves

| The movement in the fair value of freehold property and fixtures and fittings to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate depreciation and deferred tax provisions, may not be distributed to the shareholders.

| Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

| The fair value of the assets at the balance sheet date has been determined by the directors.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 February 2024 | 650,000 |  | 105,703 |  | 755,703 |  |

| Additions | - |  | 27,498 |  | 27,498 |  |

| Disposals | - |  | (17,106 | ) | (17,106 | ) |

| At 31 January 2025 | 650,000 |  | 116,095 |  | 766,095 |  |

| DEPRECIATION

| At 1 February 2024 | 79,000 |  | 92,740 |  | 171,740 |  |

| Charge for year | 13,000 |  | 5,153 |  | 18,153 |  |

| Eliminated on disposal | - |  | (16,618 | ) | (16,618 | ) |

| At 31 January 2025 | 92,000 |  | 81,275 |  | 173,275 |  |

| NET BOOK VALUE

| At 31 January 2025 | 558,000 |  | 34,820 |  | 592,820 |  |

| At 31 January 2024 | 571,000 |  | 12,963 |  | 583,963 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 325,000 (2024 - £ 325,000 ) which is not depreciated.

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

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2018 | 156,191 |  | 1,941 |  | 158,132 |  |

| Valuation in 2022 | 150,000 |  | - |  | 150,000 |  |

| Cost | 343,809 |  | 114,154 |  | 457,963 |  |

650,000 |  | 116,095 |  | 766,095 |  |

MARK ROBBINS CARPETS & BEDS LIMITED (REGISTERED NUMBER: 03697190) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 January 2025

4. | TANGIBLE FIXED ASSETS - continued

| Freehold property has been uplifted to fair value at the balance sheet date. The comparable amounts for freehold property at original cost are:

|  | 31.1.25 |  |  | 31.1.24 |

| Cost |  | 343,809 |  |  | 343,809 |

| Depreciation |  | - |  |  | - |

| Net book value |  | 343,809 |  |  | 343,809 |

| Fixtures and fittings have been uplifted to fair value at the balance sheet date. The comparable amounts for fixtures and fittings at original cost are:

|  | 31.1.25 |  |  | 31.1.24 |

|  | £ |  |  | £ |

| Cost |  | 56,342 |  |  | 28,841 |

| Depreciation |  | (26,733 | ) |  | (23,322 | )

| Net book value |  | 29,609 |  |  | 5,519 |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 59,917 |  | 72,699 |  |

| Other debtors | 3,499 |  | 3,457 |  |

63,416 |  | 76,156 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade creditors | 32,922 |  | 56,137 |  |

| Taxation and social security | 53,361 |  | 49,115 |  |

| Other creditors | 15,637 |  | 12,371 |  |

101,920 |  | 117,623 |  |

7. | RESERVES

|  | 31.1.25 |  |  | 31.1.24 |

|  | £ |  |  | £ |

| Distributable |  | 754,025 |  |  | 696,773 |

| Non - distributable |  | 163,813 |  |  | 174,596 |

|  | 917,838 |  |  | 871,369 |

| Movement in non-distributable reserve |  | 31.1.25 |  |  | 31.1.24 |

|  | £ |  |  | £ |

| Balance brought forward |  | 174,596 |  |  | 186,989 |

| Fair value uplift |  | - |  |  | - |

| Depreciation charge |  | (13,000 | ) |  | (13,000 | )

| Movement in deferred tax |  | 2,217 |  |  | 607 |

| Balance carried forward |  | 163,813 |  |  | 174,596 |

MARK ROBBINS CARPETS & BEDS LIMITED (REGISTERED NUMBER: 03697190) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 January 2025

8. | SHARE-BASED PAYMENT TRANSACTIONS

| Enterprise Management Incentive (EMI) Employee Share Option Scheme

| Key employee's participate in the Enterprise Management Incentive employee share option scheme which provides the employees the right to purchase shares.

| The options are granted based on an initial service award and the remainder before the expiration date in 10 years. The options have an exercise price of £28.82 and the vesting of the options is subject to the employee continuing to work for the company for at least 25 hours a week or 75% of their working time.

| The company is unable to directly measured the fair value of employee services rendered. The fair value of the share options are therefore measured at the market value of the shares.

| Share Option Movements during the year ended 31 January 2025:

|  | Number |  | Weighted average exercise price |  |

| £ |  |

| Outstanding and exercisable at 01.02.24 |  | 0 |  | 28.82 |  |

| Granted during the year to 31.01.25 |  | 14 |  | 28.82 |  |

| Lapsed during the year to 31.01.25 |  | 0 |  | 28.82 |  |

| Exercised during the year to 31.01.25 |  | 5 |  | 28.82 |  |

| Outstanding and exercisable at 31.01.25 |  | 9 |  | 28.82 |  |

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

MARK ROBBINS CARPETS & BEDS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Robbins Carpets & Beds Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mark Robbins Carpets & Beds Limited, as a body, in accordance with the terms of our engagement letter dated 21 June 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Robbins Carpets & Beds Limited and state those matters that we have agreed to state to the Board of Directors of Mark Robbins Carpets & Beds Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Robbins Carpets & Beds Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mark Robbins Carpets & Beds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mark Robbins Carpets & Beds Limited. You consider that Mark Robbins Carpets & Beds Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mark Robbins Carpets & Beds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

22 July 2025