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REGISTERED NUMBER: 00428145 (England and Wales)









Financial Statements

for the Year Ended 31 December 2024

for

Original Products (Marylebone)
Limited
Original Products (Marylebone)
Limited (Registered number: 00428145)






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


Original Products (Marylebone)
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P R Spencer
Mrs L Spencer





REGISTERED OFFICE: Unit 5, Kites Park
Summerleys Road
Princes Risborough
Buckinghamshire
HP27 9PX





REGISTERED NUMBER: 00428145 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW
1
Original Products (Marylebone)
Limited (Registered number: 00428145)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28 110
Tangible assets 5 905,331 855,741
Investments 6 2,223,685 1,505,292
3,129,044 2,361,143

CURRENT ASSETS
Stocks 499,807 590,207
Debtors 7 687,250 277,046
Cash at bank and in hand 168,203 1,227,478
1,355,260 2,094,731
CREDITORS
Amounts falling due within one year 8 216,615 133,441
NET CURRENT ASSETS 1,138,645 1,961,290
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,267,689
4,322,433

PROVISIONS FOR LIABILITIES 7,706 -
NET ASSETS 4,259,983 4,322,433

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 4,256,983 4,319,433
SHAREHOLDERS' FUNDS 4,259,983 4,322,433

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:



P R Spencer - Director


The notes form part of these financial statements

2
Original Products (Marylebone)
Limited (Registered number: 00428145)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Original Products (Marylebone) 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. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

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.

Trademark are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures, fittings & equipment - 33.33% on cost and 10% and 20% reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.


3 continued...
Original Products (Marylebone)
Limited (Registered number: 00428145)

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the director. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions paid to the fund during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Trademark Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 20,000 410 20,410
AMORTISATION
At 1 January 2024 20,000 300 20,300
Amortisation for year - 82 82
At 31 December 2024 20,000 382 20,382
NET BOOK VALUE
At 31 December 2024 - 28 28
At 31 December 2023 - 110 110

4 continued...
Original Products (Marylebone)
Limited (Registered number: 00428145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 910,038 55,945 - 965,983
Additions - 525 78,830 79,355
At 31 December 2024 910,038 56,470 78,830 1,045,338
DEPRECIATION
At 1 January 2024 64,172 46,070 - 110,242
Charge for year 12,225 1,117 16,423 29,765
At 31 December 2024 76,397 47,187 16,423 140,007
NET BOOK VALUE
At 31 December 2024 833,641 9,283 62,407 905,331
At 31 December 2023 845,866 9,875 - 855,741

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2024 1,505,292
Additions 699,609
Revaluations 18,784
At 31 December 2024 2,223,685
NET BOOK VALUE
At 31 December 2024 2,223,685
At 31 December 2023 1,505,292

Cost or valuation at 31 December 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 7,248
Valuation in 2024 18,784
Cost 2,197,653
2,223,685

5 continued...
Original Products (Marylebone)
Limited (Registered number: 00428145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,332 39,198
Amounts owed by connected company 25,336 155,846
Other debtors - 67,671
Directors' current accounts 498,858 -
Tax 117,075 -
Prepayments and accrued income 15,649 14,331
687,250 277,046

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,917 48,657
Tax 117,075 -
Social security and other taxes 2,164 6,197
VAT 67,773 57,899
Other creditors 52 3,218
Directors' current accounts - 10,359
Accruals and deferred income 7,634 7,111
216,615 133,441

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
P R Spencer
Balance outstanding at start of year - -
Amounts advanced 548,858 -
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 498,858 -

The director repaid back £151,968.75 within nine months of the year end.

10. RETAINED EARNING

The retained earnings of £4,256,983 (2023: £4,319,433) comprise of distributable reserves of £4,237,459 (2023: £4,312,185) and non-distributable reserves of £19,524 (2023: £7,248) which relate to investment revaluations less deferred tax.

6