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Registered number: 10334545 GREEN ROOM BRANDS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
GREEN ROOM BRANDS LIMITED REGISTERED NUMBER: 10334545 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 5 | 383,105 |  | 216,231 |
Debtors: amounts falling due within one year | 6 | 166,628 |  | 173,304 |
Cash at bank and in hand | 7 | 28,591 |  | 119,524 |
|  | 578,324 |  | 509,059 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 8 | (823,807) |  | (700,974) |
Net current liabilities |  |  | (245,483) |  | (191,915)
Total assets less current liabilities |  |  | (245,483) |  | (191,915)
Creditors: amounts falling due after more than one year | 9 |  | (3,374,691) |  | (3,379,691)
Net liabilities |  |  | (3,620,174) |  | (3,571,606)
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 10,000 |  | 10,000
Profit and loss account |  |  | (3,630,174) |  | (3,581,606)
|  |  | (3,620,174) |  | (3,571,606)
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GREEN ROOM BRANDS LIMITED REGISTERED NUMBER: 10334545 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 directors acknowledge their 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:
P J Woodward
Director
Date: 17 June 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
GREEN ROOM BRANDS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Green Room Brands Limited is a limited liability company incorporated in England and Wales. The address of its registered office is Fourth Floor Abbots House, Abbey Street, Reading, Berkshire, RG1 3BD. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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.
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis, which the directors believe to be appropriate as the Company has the continued support of the directors and shareholders. The directors have considered a period of at least 12 months from the date of approval by them of the financial statements.
| 2.3 | 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.
| 2.4 | 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 balance sheet 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.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 3
GREEN ROOM BRANDS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
| 2.9 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.10 | 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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.11 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
GREEN ROOM BRANDS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 5).
4. | Taxation
A deferred tax asset has not been recognised in respect of timing differences relating to capital allowances and trading losses at the balance sheet date as it is not certain that the asset will be recovered. The amount of the deferred tax asset not recognised at the balance sheet date is £912,592 (2024: £895,402)
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials, finished goods and goods for resale | 383,105 | 216,231
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 166,184 | 163,935
| Other debtors | 444 | 444
| Prepayments and accrued income | - | 8,925
|  | 166,628 | 173,304
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 28,591 | 119,524
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GREEN ROOM BRANDS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 5,000 | 10,000
| Trade creditors | 340,932 | 453,899
| Other taxation and social security | 25,021 | 42,244
| Other creditors | 338,353 | 1,365
| Accruals and deferred income | 114,501 | 193,466
|  | 823,807 | 700,974
9. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 5,000
| Other loans | 3,374,691 | 3,374,691
|  | 3,374,691 | 3,379,691
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loan | 5,000 | 10,000
| Amounts falling due 1-2 years |  |
| Bank loan | - | 5,000
| Amounts falling due after more than 5 years |  |
| Other loans | 3,374,691 | 3,374,691
|  | 3,379,691 | 3,389,691
| No security is given for the bank loan. Other loans consist of loans from shareholders. The loans are non-interest bearing.
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GREEN ROOM BRANDS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 10,000 (2024 - 10,000) Ordinary shares of 1.00 | 10,000 | 10,000
12. | Controlling party
The Company is not controlled by any one individual.
Page 7