REGISTERED NUMBER: 14386468 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

House of Mouawad Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Mouawad

A Mouawad

A R F Mouawad

REGISTERED OFFICE:

The Peninsula

Unit 3

1 Grosvenor Place

London

SW1X 7HJ

REGISTERED NUMBER:

14386468 (England and Wales)

AUDITORS:

Clay GBP Audit Limited

St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

FIXED ASSETS

Tangible assets

4

1,391,243

1,735,442

CURRENT ASSETS

Stocks

1,623,736

-

Debtors

5

111,629

130,642

Cash at bank and in hand

49,969

405,408

1,785,334

536,050

CREDITORS

Amounts falling due within one year

6

5,535,633

3,004,996

NET CURRENT LIABILITIES

(3,750,299

)

(2,468,946

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,359,056

)

(733,504

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(2,359,156

)

(733,604

)

SHAREHOLDERS' FUNDS

(2,359,056

)

(733,504

)

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 22 December 2025 and were signed on its behalf by:

A R F Mouawad - Director

1.	STATUTORY INFORMATION

House of Mouawad 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns and rebates.

Tangible fixed assets

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

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

Leasehold Improvements

-

5 Years Straight Line Basis

Furniture & Fixtures

-

5 Years Straight Line Basis

Office Equipment

-

3 Years Straight Line Basis

Computer Equipment

-

3 Years Straight Line Basis

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 asset, and is credited or charged to 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors

Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors

Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments

Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Cash at bank and in hand

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

Reporting period

The company was incorporated on the 29 September 2022 and produced its first financial statements for the period ended 31 December 2023. The current reporting period is for the 12 months ended 31 December 2024. The comparative reporting period is for the 15 month period ended 31 December 2023. Comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,848,546

Additions

29,216

At 31 December 2024

1,877,762

DEPRECIATION

At 1 January 2024

113,103

Charge for year

373,416

At 31 December 2024

486,519

NET BOOK VALUE

At 31 December 2024

1,391,243

At 31 December 2023

1,735,443

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

111,629

130,642

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

55,550

55,117

Amounts owed to group undertakings

5,463,853

2,837,453

Taxation and social security

780

-

Other creditors

15,450

112,426

5,535,633

3,004,996

7.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

300,000

300,000

Between one and five years

1,200,000

1,200,000

In more than five years

200,000

500,000

1,700,000

2,000,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

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

The Report of the Auditors was unqualified.

Rob Kempson ACA (Senior Statutory Auditor)

for and on behalf of Clay GBP Audit Limited

10.	GOING CONCERN

The company is reliant on the continued support of Mouawad MENA DMCC, its ultimate parent company. The directors have received a written commitment of support from Mouawad MENA DMCC that it will continue to provide financial support to the company to enable it to meet in full its financial obligations as and when they fall due to enable the company to carry on its operations for a period of at least 12 months from the date of approval of these financial statements.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred within FRS102 section 33.1A not to disclose transactions between wholly owned members of the same group.

12.	PARENT COMPANY

The company's immediate and ultimate parent company is Mouawad MENA DMCC, a company incorporated in Dubai, United Arab Emirates.