MAJESTIC RETAIL LTD

Registered Number
14558495
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

MAJESTIC RETAIL LTD

Company Information
for the year from 1 January 2024 to 31 December 2024


Director	KHAN, Suhail Malik


Registered Address	25-27 Buckingham Palace Road
	London
	SW1W 0PP


Registered Number	14558495 (England and Wales)

MAJESTIC RETAIL LTD

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		162,421		75,867
			162,421		75,867
Current assets
Stocks		30,000		30,000
Debtors		297,801		386,284
Cash at bank and on hand		9,995		1,055
		337,796		417,339
Creditors amounts falling due within one year		(426,494)		(476,525)
Net current assets (liabilities)			(88,698)		(59,186)
Total assets less current liabilities			73,723		16,681
Net assets			73,723		16,681
Capital and reserves
Profit and loss account			73,723		16,681
Shareholders' funds			73,723		16,681

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 Director acknowledges 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 28 December 2025, and are signed on its behalf by:

KHAN, Suhail Malik
Director
Registered Company No. 14558495

MAJESTIC RETAIL LTD

Notes to the Financial Statements
for the year ended 31 December 2024

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	31		26

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	78,889
	Additions	97,599
	At 31 December 24	176,488
	Depreciation and impairment
	At 01 January 24	3,022
	Charge for year	11,045
	At 31 December 24	14,067
	Net book value
	At 31 December 24	162,421
	At 31 December 23	75,867