REGISTERED NUMBER: 02861819 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Remar UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G W Harvey

J Blatch

SECRETARY:

Mrs A V Ipgrave

REGISTERED OFFICE:

845 - 847 High Road

Leytonstone

London

E11 1HH

REGISTERED NUMBER:

02861819 (England and Wales)

AUDITORS:

Mabe Allen LLP

Chartered Accountants

Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

Lloyds Bank

16 Lower Parliament Street

Nottingham

NG1 3DA

FIXED ASSETS

Tangible assets

5

365

430

CURRENT ASSETS

Stocks

144,874

205,431

Cash in hand

3,621

3,561

148,495

208,992

CREDITORS

Amounts falling due within one year

6

145,233

205,731

NET CURRENT ASSETS

3,262

3,261

TOTAL ASSETS LESS CURRENT LIABILITIES

3,627

3,691

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

3,625

3,689

SHAREHOLDERS' FUNDS

3,627

3,691

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 31 October 2025 and were signed on its behalf by:

G W Harvey - Director

1.	STATUTORY INFORMATION

Remar UK 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.

Going Concern

The Directors have prepared the financial statements on the going concern basis which assumes that the company will continue to trade for the foreseeable future. The validity of the assumption is based on the directors' assessment of future cash flow forecasts and revenue projections and for the reasons set out below.

Cost of living crisis and economic uncertainty in the UK

As at the date of approving these financial statements, the impact of the cost-of-living crisis on the company's trading is continually being assessed and subject to review. The current economic climate in the UK has placed strain on the finances of the general public which could potentially limit their ability to spend on household goods. Our "Base case" assumption is that all of the company premises will remain open into the future. In assessing the company's funding requirements, the directors have prepared projections which consider the impacts on revenue given that the purchasing power of the general public may be more volatile and uncertain.

Having assessed the current trading performance and future prospects, the directors have concluded that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. The financial statements therefore, do not include any adjustments that would arise if the going concern basis of preparation were inappropriate.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements:-

Valuation of stock

The directors review management’s judgements in assessing the required level of stock and provisioning and concluded that the method of estimating the carrying value of stock remains appropriate, and that the level of provisioning is appropriate.

Gift aid payments to parent charity

Gift aid payments are accounted for as a distribution to the charity.

Gift aid payments are only recognised once the company has a legal obligation to distribute its profits to its parent charity. A legal obligation exists where there is a deed of covenant.

Turnover

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

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 etc

-

15% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asses, and is credited or charged to profit and loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

An impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Income Statement in administrative expenses.

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.

The limited company does not pay tax as all profits are remitted to the charitable parent company within nine months of the reporting date and there are therefore no taxable profit.

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.

Impairment

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flow discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are de-recognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained bit control of the asset has transferred to another party this is able to sell the asset in its entirety to an unrelated third party.

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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Hire purchase and leasing commitments

Rentals payable under under operating leases are charged to the Income Statement on a straight line basis over the period of the lease (taking into account lease incentives).

Provisions

A provision is recognised in the balance sheet when the company has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

3,229

DEPRECIATION

At 1 April 2024

2,799

Charge for year

65

At 31 March 2025

2,864

NET BOOK VALUE

At 31 March 2025

365

At 31 March 2024

430

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,174

9,280

Other loans

12,625

-

Trade creditors

64,471

78,388

Amounts owed to group undertakings

10,121

78,019

Social security and other taxes

26,392

20,058

Accruals

11,450

19,986

145,233

205,731

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary Shares

1

2

2

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

The Report of the Auditors was unqualified.

Neil Higgins FCCA (Senior Statutory Auditor)

for and on behalf of Mabe Allen LLP

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

Remar Association (UK), a registered charity limited by guarantee, is the controlling party by virtue of its 100% interest in the equity Share Capital of Remar UK Limited. Remar Association (UK)'s registered office address is 845-847 High Road, Leytonstone, London E11 1HH.

The Trustees of Remar Association (UK) are the ultimate controlling party as they are responsible for the overall management and control of the charity. The current Trustees of the charity are L.A. English, G. W. Harvey and J. Blatch. Each of the Trustees guarantee to contribute £1 in the event of a winding-up of the charity.