REGISTERED NUMBER: 01460458 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Orchard Toys Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Sir T H C Beevor

K E Harvey

S Newbery

S Prest

Lady C L Beevor

C Starling

J Beevor

SECRETARY:

K E Harvey

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

01460458 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Property, plant and equipment

3

7,217

37,398

Investments

4

78

78

7,295

37,476

CURRENT ASSETS

Inventories

914,093

1,036,532

Debtors

5

2,257,064

2,345,226

Cash at bank and in hand

1,200,359

895,530

4,371,516

4,277,288

CREDITORS

Amounts falling due within one year

6

407,634

356,104

NET CURRENT ASSETS

3,963,882

3,921,184

TOTAL ASSETS LESS CURRENT LIABILITIES

3,971,177

3,958,660

PROVISIONS FOR LIABILITIES

1,804

9,349

NET ASSETS

3,969,373

3,949,311

CAPITAL AND RESERVES

Called up share capital

11,150

11,150

Share premium

5,586

5,586

Retained earnings

3,952,637

3,932,575

SHAREHOLDERS' FUNDS

3,969,373

3,949,311

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 December 2025 and were signed on its behalf by:

S Newbery - Director

1.	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.

Turnover

Revenue 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.

Fixtures and fittings

-

25% per annum straight line

Computer equipment

-

33% on reducing balance

Stocks

Inventories 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 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 51 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

340,546

167,166

507,712

Additions

-

2,341

2,341

At 31 March 2025

340,546

169,507

510,053

DEPRECIATION

At 1 April 2024

331,736

138,578

470,314

Charge for year

5,178

27,344

32,522

At 31 March 2025

336,914

165,922

502,836

NET BOOK VALUE

At 31 March 2025

3,632

3,585

7,217

At 31 March 2024

8,810

28,588

37,398

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

78

NET BOOK VALUE

At 31 March 2025

78

At 31 March 2024

78

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Orchard Toys LLC

Registered office:

Nature of business: Toy Retailer

%

Class of shares:

holding

Capital

100.00

Orchard Toys BV

Registered office:

Nature of business: Toy Retailer

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,040,561

1,038,414

Bad debt provision

(12,399

)

(20,000

)

Amounts owed by group undertakings

1,118,387

1,151,387

Prepayments and accrued income

110,515

175,425

2,257,064

2,345,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

39,562

110,280

Tax

88,433

44,157

Social security and other taxes

66,906

68,423

VAT

74,526

46,562

Other creditors

499

499

Accrued expenses

137,708

86,183

407,634

356,104

7.	SECURED DEBTS

A debenture, including a fixed charge over present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and a first floating charge over the all assets undertaking both present and future, was created on 24 June 2013, securing all monies due or becoming due from the company to HSBC Bank Plc .

On 19 June 2013 a composite company unlimited multilateral guarantee was given by Orchard Toys Limited and Orchard Educational Limited to HSBC Bank plc.

8.	RELATED PARTY DISCLOSURES

The company is wholly owned by Orchard Educational Limited. As at 31 March 2025, the company is owed £1,046,081 (2024 - £1,046,081) by Orchard Educational Limited.

At the 31st March 2025 there is £70,306 (2024 £105,306) owed to the company from Orchard Toys LLC.

At the 31st March 2025 there is £2,000 owed to the company from Orchard Toys BV.