REGISTERED NUMBER: 05841737 (England and Wales)

D R ROSSER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D R Rosser

REGISTERED OFFICE:

12 Church Street

Monmouth

Gwent

NP25 3BU

REGISTERED NUMBER:

05841737 (England and Wales)

FIXED ASSETS

Intangible assets

4

401,004

451,129

Tangible assets

5

113,358

120,643

514,362

571,772

CURRENT ASSETS

Stocks

6

125,181

124,930

Debtors

7

292,281

357,021

Cash at bank and in hand

4,781

3,989

422,243

485,940

CREDITORS

Amounts falling due within one year

8

749,949

789,933

NET CURRENT LIABILITIES

(327,706

)

(303,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

186,656

267,779

CREDITORS

Amounts falling due after more than one year

9

(620,989

)

(642,782

)

PROVISIONS FOR LIABILITIES

12

(18,730

)

(14,568

)

NET LIABILITIES

(453,063

)

(389,571

)

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

(453,163

)

(389,671

)

SHAREHOLDERS' FUNDS

(453,063

)

(389,571

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 18 May 2026 and were signed by:

D R Rosser - Director

1.	STATUTORY INFORMATION

D R Rosser 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.

Going Concern

The financial statements have been prepared on a going concern basis.

The director has assessed the company's financial position, cash flow forecasts, and available funding. As part of this assessment, the director has held discussions with the company's bank to review the financing requirements of the business. These discussions have provided the director with comfort that appropriate facilities and support remain available to the company.

Based on current trading performance, available resources, and these discussions, the director has a reasonable expectation that the company has adequate funding in place to meet its liabilities as the fall due for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the going concern basis remains appropriate.

Preparation of consolidated financial statements

The financial statements contain information about D R Rosser Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:-

Sale of goods:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the customer. Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

NHS income:

Revenue from NHS services, including prescriptions and other related services, is recognised when the pharmacy has provided the service and is entitled to receive payment. This includes NHS prescriptions dispensed, which are recorded as turnover once verified and submitted for reimbursement, and any NHS income for commissioned services, which is recognised when the service obligation to the NHS is met.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised over its estimated useful life.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and selling price less costs to sell, after making due allowance for obsolete and slow moving items.

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.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliably estimated.

Where there are a number of similar obligations, the likelihood that an outflow of economic benefits will be required in settlement is determined by considering the class of obligation as a whole. A provision is recognised even if the likelihood of an outflow with respect of any one item in the same class of obligations may be small.

Provisions are not made for future operating losses.

Provisions are measures at the present value of the cost expected to be required to settle the obligation using a pre-tax rate that reflects current market assessment of the time value of money and the risks specific to the obligation. The increase in the provision due to the passing of time is recognised as a cost in the income statement.

Cash and cash equivalent

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

1,002,509

AMORTISATION

At 1 November 2024

551,380

Amortisation for year

50,125

At 31 October 2025

601,505

NET BOOK VALUE

At 31 October 2025

401,004

At 31 October 2024

451,129

Goodwill has arisen on the hive up of the trade and assets of a subsidiary from the 1 February 2023.

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

-

1,862

150,061

Additions

8,750

-

-

At 31 October 2025

8,750

1,862

150,061

DEPRECIATION

At 1 November 2024

-

697

54,742

Charge for year

73

291

9,590

At 31 October 2025

73

988

64,332

NET BOOK VALUE

At 31 October 2025

8,677

874

85,729

At 31 October 2024

-

1,165

95,319

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

49,660

1,974

203,557

Additions

-

116

8,866

At 31 October 2025

49,660

2,090

212,423

DEPRECIATION

At 1 November 2024

25,762

1,713

82,914

Charge for year

5,974

223

16,151

At 31 October 2025

31,736

1,936

99,065

NET BOOK VALUE

At 31 October 2025

17,924

154

113,358

At 31 October 2024

23,898

261

120,643

6.

STOCKS

31.10.25

31.10.24

£

£

Stocks

125,181

124,930

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

233,294

280,563

Other debtors

58,987

76,458

292,281

357,021

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

169,607

147,789

Hire purchase contracts (see note 10)

7,100

10,600

Trade creditors

409,620

458,050

Taxation and social security

7,069

7,617

Other creditors

156,553

165,877

749,949

789,933

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

616,772

631,465

Hire purchase contracts (see note 10)

4,217

11,317

620,989

642,782

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

31.10.25

31.10.24

£

£

Net obligations repayable:

Within one year

7,100

10,600

Between one and five years

4,217

11,317

11,317

21,917

At 31 October 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £334,794 - (2024 : £368,173).

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

710,698

685,229

Santander UK PLC hold a charge code dated 30 November 2015 secured over the leasehold medical centre Beaufort Road Downend Bristol, which contains a fixed charge and negative pledge.

Santander UK PLC hold a legal charge dated 1 April 2011 secured over all monies due or to become due from the company to the group, or any group member on any account whatsoever, secured over the leasehold property known as 12, Church Street, Monmouthshire and a fixed charge over all of its rights, title, estate and other interests and a fixed and floating charge over the undertaking and all property and assets present and future.

12.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

18,730

14,568

Deferred

tax

£

Balance at 1 November 2024

14,568

Accelerated capital allowances

4,162

Balance at 31 October 2025

18,730

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

14.	TRANSACTIONS WITH DIRECTOR

As at 31 October 2025 the company owed the director £39,460 (2024: £68,173) which is included within creditors amounts falling due within one year.

The balance is interest free and repayable on demand.

The company operates from a property owned by the director. During the year £18,000 (2024 : £18,000) was paid in rent for the use of this property.

The director is a guarantor for the company property rental payments at Westbourne Pharmacy, Beufort Road, Bristol.

15.	RELATED PARTY DISCLOSURES