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| Registered number: 07280135
DESIGN CENTRE (SUFFOLK) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
DESIGN CENTRE (SUFFOLK) LIMITED REGISTERED NUMBER:07280135 STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 572,018
|  |  | - |  | 572,018
Current assets |  |  |  |  |
Stocks |  | - |  | 232,065 |
Debtors: amounts falling due within one year | 5 | 218,039 |  | 401,137 |
Cash at bank and in hand | 6 | - |  | 6,239 |
|  | 218,039 |  | 639,441 |
Creditors: amounts falling due within one year | 7 | - |  | (927,096) |
Net current assets/(liabilities) |  |  | 218,039 |  | (287,655)
Total assets less current liabilities |  |  | 218,039 |  | 284,363
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | - |  | (66,324) |
|  |  | - |  | (66,324)
Net assets |  |  | 218,039 |  | 218,039
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 10 |  | 10
Profit and loss account |  |  | 218,029 |  | 218,029
|  |  | 218,039 |  | 218,039
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DESIGN CENTRE (SUFFOLK) LIMITED REGISTERED NUMBER:07280135 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 SEPTEMBER 2025 For the year ended 30 September 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006. Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
W Coulten
Director
Date: 19 February 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
DESIGN CENTRE (SUFFOLK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | GENERAL INFORMATION
Design Centre (Suffolk) Limited is a limited liability company incorporated in England. The registered office is The Neptune Building, Frankland Road, Blagrove, Swindon, Wiltshire, SN5 8YG. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. Subsequent to the year end the director has decided to strike off the company therefore the financial statements are prepared on a basis other than going concern.
| 2.2 | REVENUE
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | BORROWING COSTS
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.4 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 3
DESIGN CENTRE (SUFFOLK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (continued)
| 2.5 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.6 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | 10% | straight line
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
|  |  |  | Office equipment | - | 20% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Showroom improvements are not depreciated on the basis that at the balance sheet date they are regularly maintained and considered to be of the same value as the expenditure originally incurred. Page 4
DESIGN CENTRE (SUFFOLK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (continued)
| 2.7 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.8 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 0 (2024: 18).
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DESIGN CENTRE (SUFFOLK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
4. | TANGIBLE FIXED ASSETS
|  | Short-term leasehold property | Motor vehicles | Fixtures and fittings | Office equipment | Showroom improve- ments | Total
|  | £ | £ | £ | £ | £ | £
| COST OR VALUATION |  |  |  |  |  |
| At 1 October 2024 | 13,005 | 13,000 | 806,576 | 33,341 | 304,160 | 1,170,082
| Transfers intra group | (13,005) | (13,000) | (806,576) | (33,341) | (304,160) | (1,170,082)
| At 30 September 2025 | - | - | - | - | - | -
| At 1 October 2024 | 11,060 | 13,000 | 548,724 | 25,280 | - | 598,064
| Transfers intra group | (11,060) | (13,000) | (548,724) | (25,280) | - | (598,064)
| At 30 September 2025 | - | - | - | - | - | -
| NET BOOK VALUE |  |  |  |  |  |
| At 30 September 2025 | - | - | - | - | - | -
| At 30 September 2023 | 1,945 | - | 257,852 | 8,061 | 304,160 | 572,018
Page 6
DESIGN CENTRE (SUFFOLK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 126,085
| Amounts owed by group undertakings | 218,039 | 120,000
| Other debtors | - | 107,387
| Prepayments and accrued income | - | 47,665
|  | 218,039 | 401,137
6. | CASH AND CASH EQUIVALENTS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | - | 6,239
| Less: bank overdrafts | - | (67,865)
|  | - | (61,626)
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | - | 67,865
| Trade creditors | - | 221,809
| Corporation tax | - | 2,573
| Other creditors | - | 342
| Accruals and deferred income | - | 634,507
|  | - | 927,096
Page 7
DESIGN CENTRE (SUFFOLK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. | DEFERRED TAXATION
|  | 2025
|  | £
| At beginning of year | (66,324)
| Transfered on hive up | 66,324
| AT END OF YEAR | -
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | - | (66,478)
| Short term timing differences | - | 154
|  | - | (66,324)
9. | RELATED PARTY TRANSACTIONS
| The company has taken advantage of the FRS 102, Section 33, exemption not to disclose related party transactions and balances with wholly owned subsidiaries within the Neptune Holdco Limited group. Amounts owed from companies under common control at the year end were £218,039 (2024: £120,000).
10. | CONTROLLING PARTY
The ultimate parent undertaking is Neptune Holdco Limited, a company incorporated in England and Wales. The smallest and largest group for which group financial statements are prepared is Neptune Holdco Limited. Copies of the group financial statements are available from Companies House. There is no ultimate controlling party. The company is controlled equally by the two directors, J G Redman and J E Sims-Hilditch.
Page 8