REGISTERED NUMBER: 11863249 (England and Wales)

MALCOLM BROWN RETAIL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S L Malcolm-Brown

Mr M A Malcolm-Brown

REGISTERED OFFICE:

College House

4 St Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

REGISTERED NUMBER:

11863249 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

College House

St Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

CURRENT ASSETS

Stocks

4

6,938

7,239

Cash at bank

317

2,657

7,255

9,896

CREDITORS

Amounts falling due within one year

5

130,648

125,149

NET CURRENT LIABILITIES

(123,393

)

(115,253

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(123,393

)

(115,253

)

CREDITORS

Amounts falling due after more than one year

6

5,888

7,158

NET LIABILITIES

(129,281

)

(122,411

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(129,381

)

(122,511

)

SHAREHOLDERS' FUNDS

(129,281

)

(122,411

)

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 21 November 2025 and were signed on its behalf by:

Mr M A Malcolm-Brown - Director

Mrs S L Malcolm-Brown - Director

1.	STATUTORY INFORMATION

Malcolm Brown Retail 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.

This may not be appropriate because at 31st March 2025 the company's liabilities exceeded its assets by £129,281 (2024 - £122,411). The Directors however believe that with the ongoing support of the company shareholders, that it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.

Turnover

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

2025

2024

£

£

Stocks

6,938

7,239

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 7)

1,333

587

Amounts owed to group undertakings

109,235

105,935

Other creditors

20,080

18,627

130,648

125,149

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 7)

5,888

7,158

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

476

1,880

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

63

-

Bank loans

1,270

587

1,333

587

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,303

1,270

Amounts falling due between two and five years:

Bank loans - 2-5 years

4,109

4,008

Amounts falling due in more than five years:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

476

1,880

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100