Cross Retail Limited


Directors	Shilpeshkumar Patel
	Swapnkumar Patel
	Urvashi Shah


Registered Address	231 Kenton Road
	Harrow
	HA3 0HD


Registered Number	07525827 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		448,750		523,750
Tangible assets	4		184,927		195,630
			633,677		719,380
Current assets
Stocks	5	52,391		82,891
Debtors	6	1,205,846		915,542
Cash at bank and on hand		105,327		234,032
		1,363,564		1,232,465
Creditors amounts falling due within one year	7	(559,143)		(627,475)
Net current assets (liabilities)			804,421		604,990
Total assets less current liabilities			1,438,098		1,324,370
Creditors amounts falling due after one year	8		(518,622)		(375,488)
Provisions for liabilities	9		(2,081)		(2,354)
Net assets			917,395		946,528
Capital and reserves
Called up share capital			2		2
Share premium			917,393		917,393
Profit and loss account			-		29,133
Shareholders' funds			917,395		946,528

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 18 December 2025, and are signed on its behalf by:

Shilpeshkumar Patel
Director

Swapnkumar Patel
Director

Urvashi Shah
Director

Registered Company No. 07525827

Cross 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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Interest income
	Interest income is recognised using the effective interest rate on simple average method.

	Employee 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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed to be at most Twenty years.

	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
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Leasehold assets depreciated at 2% on cost.


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	17		12

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	1,500,000	1,500,000
At 31 March 25	1,500,000	1,500,000
Amortisation and impairment
At 01 April 24	976,250	976,250
Charge for year	75,000	75,000
At 31 March 25	1,051,250	1,051,250
Net book value
At 31 March 25	448,750	448,750
At 31 March 24	523,750	523,750

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	205,739	27,351	16,261	249,351
Additions	-	656	375	1,031
At 31 March 25	205,739	28,007	16,636	250,382
Depreciation and impairment
At 01 April 24	22,500	23,803	7,418	53,721
Charge for year	7,500	955	3,279	11,734
At 31 March 25	30,000	24,758	10,697	65,455
Net book value
At 31 March 25	175,739	3,249	5,939	184,927
At 31 March 24	183,239	3,548	8,843	195,630

5.	Stocks

	2025	2024
	£	£
Finished goods	52,391	82,891
Total	52,391	82,891

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	49,007	81,482
Amounts owed by associates and joint ventures / participating interests	1,136,854	803,513
Other debtors	11,000	5,301
Prepayments and accrued income	8,985	25,246
Total	1,205,846	915,542


	Amounts owed by associate companies Molecule Pharma Limited Loan - £713,918 Viola Health Ltd Loan - £422,936

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	380,319	492,530
Amounts owed to related parties	7,389	-
Taxation and social security	105,936	71,678
Other creditors	64,326	63,267
Accrued liabilities and deferred income	1,173	-
Total	559,143	627,475


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	518,622	375,488
Total	518,622	375,488


	RX Bridge Limited - Cross - £301,701 RX Bridge Limited - Grange - £216,921

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,081	2,354
Total	2,081	2,354

10.	Parent-subsidiary relationships
	Ultimate Parent Undertaking and Controlling Party The company's immediate and ultimate parent is SNS Absolute Care Limited. SNS Absolute Care Limited was incorporated in England. The ultimate controlling party is SNS Absolute Care Limited which controls 100% of the shares of Cross Retail Ltd. Copies of the their accounts may be obtained from the secretary.