REGISTERED NUMBER: 14990997 (England and Wales)

PRIDE MOBILITY HOME STORE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Meuser

Mr T L Murphy

Mr S P Wright

REGISTERED OFFICE:

32 Wedgwood Road

Bicester

Oxfordshire

OX26 4UL

REGISTERED NUMBER:

14990997 (England and Wales)

AUDITORS:

Blencowes

Chartered Accountants & Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

4

10,910

14,045

CURRENT ASSETS

Stocks

7,880

-

Debtors

5

102,706

35,169

Cash at bank and in hand

14,369

1

124,955

35,170

CREDITORS

Amounts falling due within one year

6

328,572

126,884

NET CURRENT LIABILITIES

(203,617

)

(91,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(192,707

)

(77,669

)

PROVISIONS FOR LIABILITIES

2,723

3,511

NET LIABILITIES

(195,430

)

(81,180

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(195,431

)

(81,181

)

SHAREHOLDERS' FUNDS

(195,430

)

(81,180

)

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 September 2025 and were signed on its behalf by:

Mr S Meuser - Director

1.	STATUTORY INFORMATION

Pride Mobility Home Store 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.

Preparation of consolidated financial statements

The company is a subsidiary and exempt from the requirement to prepare group financial statements by virtue of S401 of the Companies Act 2006. These financial statements, therefore, present information about the company as an individual undertaking and not about it's group.

The exemption applies as the company undertakings are included in the group consolidated financial statements of its ultimate parent, Pride Mobility Products Inc. These are available to view at 182 Susquehanna Avenue, Exeter, Pennsylvania 18643, USA.

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.

Judgements and key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

The company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about the future use and therefore requires estimates and assumptions to be applied by directors and management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance.

Judgment is applied by management when determining the residual values for plant, machinery and equipment. When determining the residual value, directors aim to assess the amount that the company would currently obtain for the disposal of the asset, if it were already in the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices.

Management undertake regular review of outstanding trade receivables and apply judgement in respect of trade receivables exceeding agreed payment terms to determine adjustment for bad debt provision.

Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its

performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duties. Revenue from the sale of goods and services is recognised when the significant risk and rewards of ownership of the goods and services have passed to the buyer, which is usually on dispatch of the goods and delivery of services.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

Deferred taxation

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.

Going concern

The financial statements have been prepared on the going concern basis. The Directors have reviewed the

company's financial position, performance and future development and believe the company has adequate

resources to continue in operational existence for the foreseeable future. Details of this review are set out in the Directors' report.

Debtors and creditors receivable/payable within one year.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

14,656

DEPRECIATION

At 1 January 2024

611

Charge for year

3,135

At 31 December 2024

3,746

NET BOOK VALUE

At 31 December 2024

10,910

At 31 December 2023

14,045

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,251

-

Deferred tax asset

63,100

16,327

VAT

19,633

18,842

Prepayments and accrued income

15,722

-

102,706

35,169

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,536

6,271

Amounts owed to group undertakings

299,152

118,893

Social security and other taxes

3,513

-

Other creditors

534

-

Accruals and deferred income

1,837

1,720

328,572

126,884

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

60,000

-

Between one and five years

160,000

-

220,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

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

The Report of the Auditors was unqualified.

Ashley Painter ACA FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Blencowes

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Pride Mobility Products Limited.

The ultimate controlling party is Pride Mobility Products Inc(Incorporated in USA).

In the directors' opinion, the company's ultimate parent undertaking and controlling party is Pride Mobility

Products Inc., a company incorporated in the United States of America. Copies of its group financial statements, which include the company, are available from: 182 Susquehanna Avenue, Exeter, Pennsylvania 18643, USA.