PELENE RETAIL LIMITED


Directors	Tomas Lebedevas
	Jurate Lebedevas


Registered Address	The Sphere
	110-112 Silvertown Way
	London
	E16 1EA


Registered Number	07575734 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		50,000		50,000
Tangible assets	4		72,274		93,858
			122,274		143,858
Current assets
Stocks	5	165,604		170,604
Debtors	6,7	363,655		435,531
Cash at bank and on hand		101,407		51,595
		630,666		657,730
Creditors amounts falling due within one year	8	(37,838)		(16,153)
Net current assets (liabilities)			592,828		641,577
Total assets less current liabilities			715,102		785,435
Creditors amounts falling due after one year	9		(113,276)		(121,990)
Net assets			601,826		663,445
Capital and reserves
Called up share capital			3		3
Profit and loss account			601,823		663,442
Shareholders' funds			601,826		663,445

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

Jurate Lebedevas
Director

Tomas Lebedevas
Director

Registered Company No. 07575734

PELENE RETAIL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	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.

	Current taxation
	Taxation for the year comprises current and deferred tax. Tax is recognized in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Current taxation

Taxation for the year comprises current and deferred tax. Tax is recognized in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognized in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized 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 recognized 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 recognized 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 recognized 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.

Deferred tax

Deferred tax is recognized 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 recognized 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 recognized 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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

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

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	16		18

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	50,000	50,000
At 31 March 25	50,000	50,000
Net book value
At 31 March 25	50,000	50,000
At 31 March 24	50,000	50,000

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 24	53,742	140,035	193,777
Additions	-	2,507	2,507
At 31 March 25	53,742	142,542	196,284
Depreciation and impairment
At 01 April 24	13,435	86,484	99,919
Charge for year	10,076	14,015	24,091
At 31 March 25	23,511	100,499	124,010
Net book value
At 31 March 25	30,231	42,043	72,274
At 31 March 24	40,307	53,551	93,858

5.	Stocks

	2025	2024
	£	£
Finished goods	165,604	170,604
Total	165,604	170,604

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	2,875	3,696
Total	2,875	3,696

7.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	360,780	431,835
Total	360,780	431,835

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	5,240	-
Bank borrowings and overdrafts	16,141	-
Taxation and social security	13,502	12,747
Other creditors	2,955	3,406
Total	37,838	16,153

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	12,500	22,500
Other creditors	100,776	99,490
Total	113,276	121,990

10.	Share capital
	The company’s issued share capital comprises fully paid ordinary shares with an aggregate nominal value of £3 (2024: £3).