REGISTERED NUMBER: 00557396 (England and Wales)

Britannic Leatherwear Limited

Unaudited Financial Statements

for the Year Ended 31st January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

S Drinkwater

REGISTERED OFFICE:

2a High Street

Harpole

Northampton

NN7 4DH

REGISTERED NUMBER:

00557396 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Investment property

5

561,300

561,300

CURRENT ASSETS

Debtors

6

107,628

92,593

Cash at bank

9

81

107,637

92,674

CREDITORS

Amounts falling due within one year

7

10,955

7,179

NET CURRENT ASSETS

96,682

85,495

TOTAL ASSETS LESS CURRENT LIABILITIES

657,982

646,795

CREDITORS

Amounts falling due after more than one year

8

69,364

77,077

NET ASSETS

588,618

569,718

CAPITAL AND RESERVES

Called up share capital

9

4,004

4,004

Share premium

300,000

300,000

Revaluation reserve

10

231,328

231,328

Retained earnings

53,286

34,386

SHAREHOLDERS' FUNDS

588,618

569,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12th May 2026 and were signed by:

S Drinkwater - Director

1.	STATUTORY INFORMATION

Britannic Leatherwear 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 (£).

The principal activity of the company in the year was the receipt of rental income from the investment properties.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the director considers that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

and 31st January 2026

561,300

NET BOOK VALUE

At 31st January 2026

561,300

At 31st January 2025

561,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

106,188

92,593

VAT

1,440

-

107,628

92,593

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

7,713

7,179

Corporation tax

3,242

-

10,955

7,179

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

8,236

7,713

Bank loans - 2-5 years

28,732

26,691

Bank loans more 5 yr by instal

32,396

42,673

69,364

77,077

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

32,396

42,673

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

£

4,004

Share capital 1

£1

4,004

4,004

10.

RESERVES

Revaluation

reserve

£

At 1st February 2025

and 31st January 2026

231,328

11.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st January 2026 and 31st January 2025.

12.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st January 2026 and 31st January 2025.