TIFFANY ROSE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T London

C Robinson

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

06893999 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

7,658

3,258

7,658

3,258

CURRENT ASSETS

Stocks

570,994

587,313

Debtors

7

65,846

93,189

Prepayments and accrued income

12,735

17,767

Cash at bank

38,536

129,710

688,111

827,979

CREDITORS

Amounts falling due within one year

8

238,878

266,914

NET CURRENT ASSETS

449,233

561,065

TOTAL ASSETS LESS CURRENT LIABILITIES

456,891

564,323

CREDITORS

Amounts falling due after more than one year

9

(20,876

)

(70,906

)

PROVISIONS FOR LIABILITIES

(60,788

)

(109,051

)

NET ASSETS

375,227

384,366

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

375,225

384,364

SHAREHOLDERS' FUNDS

375,227

384,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 9th September 2025 and were signed on its behalf by:

C Robinson - Director

1.	STATUTORY INFORMATION

Tiffany Rose 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.

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.

Turnover

Turnover represents the net invoiced value of goods, excluding Value Added Tax and after customer refunds. Provision is made for returns of products sold in the period, but which have been subsequently returned within the permitted time window.

Goodwill

Goodwill relates to the acquisition of a business in 2009. It has been fully amortised.

Intangible assets

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

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

-

25% on reducing balance

Stocks

Stocks represent a combination of finished goods, raw materials in the form of unused fabric and unfinished goods. It is the policy of the company to value finished clothing at cost (inclusive of manufacturing costs and shipping costs). In the opinion of the directors, unused fabric remnants have little, if any realisable value and so these fabrics are included as consumed at cost. If, these remnants are subsequently manufactured into finished clothing, they are then valued at cost as per the standard finished goods policy.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

150,000

AMORTISATION

At 1st January 2024

and 31st December 2024

150,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

6.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st January 2024

84,850

420

85,270

Additions

-

6,952

6,952

At 31st December 2024

84,850

7,372

92,222

DEPRECIATION

At 1st January 2024

81,854

158

82,012

Charge for year

749

1,803

2,552

At 31st December 2024

82,603

1,961

84,564

NET BOOK VALUE

At 31st December 2024

2,247

5,411

7,658

At 31st December 2023

2,996

262

3,258

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

15,085

30,596

Other debtors

19,428

15,106

VAT

9,075

7,987

Deferred tax asset

15,459

15,319

Prepayments

6,799

24,181

65,846

93,189

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

50,000

50,000

Trade creditors

119,965

196,723

Social security and other taxes

8,309

9,532

Pension contributions

1,164

1,306

Directors' current accounts

55,070

5,018

Accrued expenses

4,370

4,335

238,878

266,914

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loan under the CBIL

20,876

70,906

10.	CONTINGENT LIABILITIES

On September 11, 2015 the company completed a surrender of an existing lease and entered into a new 10 year lease for its office and warehouse facilities. The term expired on 31/10/2024.