REGISTERED NUMBER: 08557833 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BRANDY CARNABY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms Kermabon

A Sarracino

REGISTERED OFFICE:

The Garment Building

9 Fisher’s Lane

London

W4 1RX

REGISTERED NUMBER:

08557833 (England and Wales)

AUDITORS:

Belluzzo Audit Limited

Chartered Accountants and Statutory Auditors

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

4

70,577

109,213

CURRENT ASSETS

Stocks

5

168,069

285,672

Debtors

6

2,594,188

1,574,948

Cash at bank and in hand

1,679,334

1,454,289

4,441,591

3,314,909

CREDITORS

Amounts falling due within one year

7

(2,374,181

)

(1,669,496

)

NET CURRENT ASSETS

2,067,410

1,645,413

TOTAL ASSETS LESS CURRENT LIABILITIES

2,137,987

1,754,626

PROVISIONS FOR LIABILITIES

8

(3,338

)

(5,551

)

NET ASSETS

2,134,649

1,749,075

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

2,134,648

1,749,074

SHAREHOLDERS' FUNDS

2,134,649

1,749,075

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 Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

A Sarracino - Director

1.	STATUTORY INFORMATION

Brandy Carnaby 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.

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.

Related party exemption

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.

Turnover

Turnover is recognised 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 arrangement, 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.

Tangible fixed assets

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

Long leasehold - over 10 years

Fixtures & fittings - 25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, 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.

Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

383,131

268,266

651,397

DEPRECIATION

At 1 January 2025

296,120

246,064

542,184

Charge for year

29,784

8,852

38,636

At 31 December 2025

325,904

254,916

580,820

NET BOOK VALUE

At 31 December 2025

57,227

13,350

70,577

At 31 December 2024

87,011

22,202

109,213

5.

STOCKS

2025

2024

£

£

Finished goods

168,069

285,672

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

55,759

Amounts owed by group undertakings

2,494,974

1,493,331

Other debtors

99,214

25,858

2,594,188

1,574,948

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,819,772

1,208,031

Amounts owed to group undertakings

27,967

14,197

Taxation and social security

308,579

304,042

Other creditors

217,863

143,226

2,374,181

1,669,496

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,338

5,551

Deferred

tax

£

Balance at 1 January 2025

5,551

Provided during year

(2,213

)

Balance at 31 December 2025

3,338

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)

for and on behalf of Belluzzo Audit Limited

11.	RELATED PARTY DISCLOSURES

During the year, the company was charged royalties of £961,393 (2024: £791,530) from YYGM SA, a company owned by the director's son.

At 31st December 2025, amount due to YYGM SA was £541,842 (2024: £446,521).

12.	POST BALANCE SHEET EVENTS

Since the balance sheet date, the conflict in Iran has contributed to a significant rise in global energy prices, creating additional cost pressures for the business. UK inflation, which had shown signs of easing during 2025, is now at renewed risk of increasing, and the economic recovery remains fragile. These developments continue to weigh on household confidence and non-essential retail sales, particularly among lower and middle-income customers. Directors are closely monitoring the evolving geopolitical and macroeconomic situation and will implement appropriate measures to manage costs, support sales, and address the ongoing challenges facing the business.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Kermabon, who is the director of the company.