PONDICHERRY DESIGNS LIMITED - Filleted accounts

Registered number

06971087

(England and Wales)

PONDICHERRY DESIGNS LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 September 2025

PONDICHERRY DESIGNS LIMITED
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2025




Contents	Page

Company information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 10

PONDICHERRY DESIGNS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED

30 September 2025

Directors

S Lodha

D Chandris (resigned 8 October 2025)

E Guerrand (resigned 8 October 2025)

Auditors

Cooper Parry Group Limited

Statutory Auditors

Broadwalk House

5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Registered office

3rd Floor

1-5 Clerkenwell Road

London

EC1M 5PA

Registered number

06971087

PONDICHERRY DESIGNS LIMITED						Registered number:
Statement of Financial Position						06971087
as at 30 September 2025


Notes			2025			2024
£			£	£		£
Fixed assets
Intangible assets	5		42,083			48,489
Tangible assets	6		177,333			212,514
			219,416			261,003

Current assets
Stocks	8	556,698			776,665
Debtors	9	1,181,799			1,394,396
Cash at bank and in hand		398,383			502,819
		2,136,880			2,673,880

Creditors: amounts falling due within one year	10	(1,790,687)			(1,456,731)

Net current assets			346,193			1,217,149

Total assets less current liabilities			565,609			1,478,152

Creditors: amounts falling due after more than one year	11		(64,739)			(61,561)

Provisions for liabilities	12		(7,134)			(4,757)


Net assets			493,736			1,411,834

Capital and reserves
Called up share capital	13		143			143
Share premium			1,200,997			1,200,997
Profit and loss account			(707,404)			210,694

Shareholders' funds			493,736			1,411,834

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 relating to small companies with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors on 11 June 2026 and were
signed on its behalf by:


S Lodha
Director

PONDICHERRY DESIGNS LIMITED
Notes to the Financial Statements
for the Year Ended 30 September 2025


1	Statutory information

	PONDICHERRY DESIGNS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	3rd Floor
	1-5 Clerkenwell Road
	London
	EC1M 5PA

	The presentation currency of the financial statements is Pound Sterling (£).

2	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and Companies Act 2006.

	Preparation of consolidated financial statements
	The financial statements contain information about Pondicherry Designs 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.

	Going Concern
	The Board has assessed the outlook for the company in the current uncertain trading and geopolitical environment and the impact on our key markets. US Tariffs are still affecting logistics costs, which has in turn impacted some demand in US Wholesale and E-commerce. The management team is therefore focused on diversifying selling channels into other territories and onboarding new European sales agents. US Ecommerce revenue is forecast to grow in 2026 as the company establishes a US local operations hub, which will enhance the service available to US customers. The Board has reviewed forecasts beyond a period of 12 months and agree that the strategic and operational plans in place will allow the company to grow and meet its revenue objectives. Despite inflationary pressures on production costs, Gross Margin percentage remains strong due to innovative product development and renewed focus on pricing strategy. Operational expenses are monitored closely, with cost savings actioned where possible, ensuring the cost base is aligned to the planned revenue. The company has the use of its existing trade finance agreements to support its working capital, and the Board is therefore confident the company can continue as a Going Concern.

	Revenue Recognition
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Significant judgements and estimates
	Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically.
	Stock Provision
	Management judgement is required to estimate the provision for the devaluation of stock for older seasons of £206,133 (2024: £334,195). The provision calculation is based on the ageing and commerciality of stock on hand.
	Returns accrual
	At the year end, the management have concluded that, although there is no contractual requirement to accept returns of inventory in relation to its wholesale revenue, there is a commercial long term benefit to support its major partners. Therefore, the management have provided a credit note provision in the statement of financial position based on the amount of inventory returns the company considers it can absorb in a given year and can sell through its Offprice channels without impacting its full price sales channels. In addition, the company has a contractual obligation to accept returns in relation to its online sales and has booked a provision in the financial statements of the actual inventory that has been returned post year end in line with its 28 day returns policy (30 days from the shipping date).

	Refunds of US tariffs
	The company suffered significant amount of increased US tariffs during the year. The US Court of International Trade ruling on their illegality has been published at the time of approving of these accounts, however as the payment process is loaded with obstacles, the company cannot say that it has control over this economic benefit and therefore is not in a position to recognise this as an asset at this time.

	Tangible and intangible fixed assets
	Tangible and intangible fixed assets are measured at cost less accumulative depreciation or amortisation and any accumulative impairment losses. Depreciation and amortisation are provided on all tangible and intangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Improvements to leasehold property	over the lease term
	Fixtures, fittings, equipment and selling platform	straight line over 5 years
	Trademarks	straight line over 10 years

	Investments
	Investments in subsidiaries are measured at cost.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Provision is made for obsolete, slow moving or defective items where appropriate.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Direct costs that relate to fashion collections to be delivered in future periods are deferred until such collections are delivered. Selling and administration costs associated with such collections are written off as incurred.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

	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 profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Financial instruments

	Basic financial assets
	Basic financial assets, which include debtors 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
	Other financial assets
	Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments Whose fair values cannot be measured reliably are measured at cost less impairment.


	Impairment of financial assets
	Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at the balance sheet date. Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimate cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the profit or loss.

	Classification of financial liabilities
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities. Basic financial liabilities, including trade and other payables, bank loans. loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instrument are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
	Hire purchase and leasing commitments
	Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
	Short term benefits and holiday pay
	The costs of short-term employee benefits, including holiday pay, are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

3	Employees and directors					2025		2024
Number							Number

	Average number of persons including directors employed by the Company					25		29

4	Disclosure under Section 444(5B) of the Companies Act 2006

	The Auditors' Report was unqualified.
	Nicola Pearson (Senior Statutory Auditor)
	for and on behalf of Cooper Parry Group Limited
	The audit report in the full accounts makes reference to the accounting policy on going concern.
	14/06/2026
	…...................................................
	Date

5	Intangible fixed assets							Trademarks
£

	Cost
	At 1 October 2024							67,849
	At 30 September 2025							67,849

	Amortisation
	At 1 October 2024							19,360
	Provided during the year							6,406
	At 30 September 2025							25,766

	Net book value
	At 30 September 2025							42,083
	At 30 September 2024							48,489

6	Tangible fixed assets
			Improvements to leasehold property			Fixtures, fittings, equipment and selling platform		Total
£					£		£
	Cost
	At 1 October 2024			81,395		513,721		595,116
	Additions			-		20,322		20,322
	Disposals			-		(1,999)		(1,999)
	At 30 September 2025			81,395		532,044		613,439

	Depreciation and impairment
	At 1 October 2024			81,395		301,207		382,602
	Depreciation charge for the year			-		55,503		55,503
	On disposals			-		(1,999)		(1,999)
	At 30 September 2025			81,395		354,711		436,106

	Net book value
	At 30 September 2025			-		177,333		177,333
	At 30 September 2024			-		212,514		212,514

7	Investments in subsidiary undertakings

	During year ended 30 September 2017 the Company invested in a subsidiary undertaking. The cost of the investment was £0.11 and remains unchanged at the balance sheet date.

8	Stocks					2025		2024
£							£

	Finished goods					556,698		776,665


9	Debtors: amounts falling due within one year					2025		2024
£							£

	Factored debts outstanding					910,193		854,391
	Trade debtors not factored					48,325		143,317
	Other debtors					223,281		396,688
						1,181,799		1,394,396


10	Creditors: amounts falling due within one year					2025		2024
£							£

	Payments on account from factoring company					158,573		-
	Trade creditors					919,653		867,255
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					97,790		103,795
	Taxation and social security costs					74,412		87,340
	Other creditors					540,259		398,341
						1,790,687		1,456,731

	All amounts owing to the bank are secured by first fixed and floating charge over all the company assets. As at the year end (2024: NIL) payments were drawn on account from the factoring company. Such payments are secured by charge over certain company assets.
11	Creditors: amounts falling due after one year					2025		2024
£							£
	3 year fixed-term loans					64,739		61,561

	Interest accrued annually at 5.25%.

12	Provisions for liabilities					2025		2024
£							£

	Deferred tax					7,134		4,757


13	Called up share capital	Nominal				2025		2024
		value		Number		£	£

	Allotted, issued and fully paid:
	Ordinary shares	£0.001 each		142,617		143		143


14	Pension commitments

	The Company is operating a defined contribution pension scheme. During the year the Company contributed £22,422 (2024: £22,177).


15	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases:
	- less than one year					144,748		144,748
	- between 1 and 5 years					181,232		325,981
						325,980		470,729


16	Loans to directors
	Description and conditions	B/fwd	Advanced		Repaid		C/fwd
£			£		£		£

	S Lodha	10,248		1,264		(10,248)		1,264

		10,248		1,264		(10,248)		1,264


17	Related Party Transactions

	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.