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REGISTERED NUMBER: 07127152 (England and Wales)

| Looe Chandlery Limited |

| Report of the Directors and |

| Unaudited Financial Statements |

| for the Year Ended 31st October 2025 |

| Looe Chandlery Limited (Registered number: 07127152) |

Contents of the Financial Statements

for the Year Ended 31st October 2025

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Statement of Financial Position | 3 |

| Notes to the Financial Statements | 5 |

| Looe Chandlery Limited |

Company Information

for the Year Ended 31st October 2025

| DIRECTORS: | P M Bain

| S M Barber

| REGISTERED OFFICE: | 48 Arwenack Street

| Falmouth

| Cornwall

| TR11 3JH

| REGISTERED NUMBER: | 07127152 (England and Wales)

| ACCOUNTANTS: | Hodgsons

| Chartered Accountants

| 48 Arwenack Street

| Falmouth

| Cornwall

| TR11 3JH

| Looe Chandlery Limited (Registered number: 07127152) |

Report of the Directors

for the Year Ended 31st October 2025

The directors present their report with the financial statements of the company for the year ended 31st October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the operation of a retail chandlery outlet.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st November 2024 to the date of this report.

P M Bain

S M Barber

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P M Bain - Director

16th January 2026

| Looe Chandlery Limited (Registered number: 07127152) |

Statement of Financial Position

31st October 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,751 |  | 2,247 |  |

1,751 |  | 2,247 |  |

CURRENT ASSETS

Stocks | 66,120 |  | 62,260 |  |

Debtors | 6 | - |  | 162 |  |

Cash at bank and in hand | 78,826 |  | 76,223 |  |

144,946 |  | 138,645 |  |

CREDITORS

Amounts falling due within one year | 7 | (6,835 | ) | (6,534 | ) |

NET CURRENT ASSETS | 138,111 |  | 132,111 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 139,862 |  | 134,358 |  |

PROVISIONS FOR LIABILITIES | (333 | ) | (427 | ) |

NET ASSETS | 139,529 |  | 133,931 |  |

CAPITAL AND RESERVES

Called up share capital | 156,000 |  | 156,000 |  |

Retained earnings | (16,471 | ) | (22,069 | ) |

SHAREHOLDERS' FUNDS | 139,529 |  | 133,931 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

| Looe Chandlery Limited (Registered number: 07127152) |

Statement of Financial Position - continued

31st October 2025

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 16th January 2026 and were signed on its behalf by:

P M Bain - Director

| Looe Chandlery Limited (Registered number: 07127152) |

Notes to the Financial Statements

for the Year Ended 31st October 2025

1. | STATUTORY INFORMATION

| Looe Chandlery 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was

| amortised evenly over its estimated useful life of ten years. This was fully amortised in the year ended 31st October 2020.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Land and buildings | - | Straight line over 12 years

| Plant and machinery etc | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 6 ) .

| Looe Chandlery Limited (Registered number: 07127152) |

Notes to the Financial Statements - continued

for the Year Ended 31st October 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st November 2024

| and 31st October 2025 | 7,214 |  |

| AMORTISATION

| At 1st November 2024

| and 31st October 2025 | 7,214 |  |

| NET BOOK VALUE

| At 31st October 2025 | - |  |

| At 31st October 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st November 2024

| and 31st October 2025 | 18,641 |  | 7,173 |  | 25,814 |  |

| DEPRECIATION

| At 1st November 2024 | 18,641 |  | 4,926 |  | 23,567 |  |

| Charge for year | - |  | 496 |  | 496 |  |

| At 31st October 2025 | 18,641 |  | 5,422 |  | 24,063 |  |

| NET BOOK VALUE

| At 31st October 2025 | - |  | 1,751 |  | 1,751 |  |

| At 31st October 2024 | - |  | 2,247 |  | 2,247 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 162 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 2,655 |  | 2,681 |  |

| Taxation and social security | 1,139 |  | 933 |  |

| Other creditors | 3,041 |  | 2,920 |  |

6,835 |  | 6,534 |  |