OCHRE (LONDON) LIMITED


Directors	BIBBY, J C
	DE LA FOUCHARDIERE, S
	MAXWELL MACDONALD, H C A


Company Secretary	MAXWELL MACDONALD, H C A


Registered Address	22-24 Pimlico Road
	London
	SW1W 8LJ


Registered Number	03600105 (England and Wales)

Notes to the Financial Statements
for the year ended 31 July 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. The principal activity of the company continued to be that of designing interior furniture, lighting and accessories.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	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 for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes.The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of the completion when the stage of completion. costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes.The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of the completion when the stage of completion. costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	25	10
Fixtures and fittings	25	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, 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 the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	17		15

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	10,286	10,553	26,217	47,056
Additions	-	-	3,782	3,782
At 31 July 25	10,286	10,553	29,999	50,838
Depreciation and impairment
At 01 August 24	4,879	9,994	19,815	34,688
Charge for year	926	140	3,875	4,941
At 31 July 25	5,805	10,134	23,690	39,629
Net book value
At 31 July 25	4,481	419	6,309	11,209
At 31 July 24	5,407	559	6,402	12,368

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 August 24	213,787	213,787
Additions	15,381	15,381
Revaluations	16,549	16,549
Disposals	(14,136)	(14,136)
At 31 July 25	231,581	231,581
Net book value
At 31 July 25	231,581	231,581
At 31 July 24	213,787	213,787

	Notes
	¹Other investments other than loans

5.	Stocks

	2025	2024
	£	£
Finished goods	811,590	727,084
Total	811,590	727,084

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	553	-
Other debtors	129,181	14,623
Prepayments and accrued income	338,643	351,341
Total	468,377	365,964

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	111,268	228,453
Taxation and social security	242,753	188,641
Other creditors	1,253,632	1,119,272
Total	1,607,653	1,536,366

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	22,045	18,923
Total	22,045	18,923

9.	Related party transactions
	During the year, Ochre (London) Limited bought goods from and sold goods to Ochre LLC, a US Corporation in which the Directors own a majority stake. Sales during the year to Ochre LLC amounted to £160,666 (2024: £69,496) and purchases from Ochre LLC amounted to £23,877 (2024: £55,719) all at cost price. As at 31st July 2025, £121,584 was owed to Ochre (London) Limited from Ochre LLC and is included in debtors (2024: £15,205 owed to Ochre LLC by Ochre (London) Limited).

Related party transactions

During the year, Ochre (London) Limited bought goods from and sold goods to Ochre LLC, a US Corporation in which the Directors own a majority stake.

Sales during the year to Ochre LLC amounted to £160,666 (2024: £69,496) and purchases from Ochre LLC amounted to £23,877 (2024: £55,719) all at cost price.

As at 31st July 2025, £121,584 was owed to Ochre (London) Limited from Ochre LLC and is included in debtors (2024: £15,205 owed to Ochre LLC by Ochre (London) Limited).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,209		12,368
Investments	4		231,581		213,787
			242,790		226,155
Current assets
Stocks	5	811,590		727,084
Debtors	6	468,377		365,964
Cash at bank and on hand		1,035,418		900,069
		2,315,385		1,993,117
Creditors amounts falling due within one year	7	(1,607,653)		(1,536,366)
Net current assets (liabilities)			707,732		456,751
Total assets less current liabilities			950,522		682,906
Provisions for liabilities	8		(22,045)		(18,923)
Net assets			928,477		663,983
Capital and reserves
Called up share capital			3		3
Profit and loss account			928,474		663,980
Shareholders' funds			928,477		663,983