| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 31 December 2025 |
| for |
| Arabian Oud Company Limited |
| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 31 December 2025 |
| for |
| Arabian Oud Company Limited |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Arabian Oud Company Limited |
| Company Information |
| for the Year Ended 31 December 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditors |
| Scottish Provident House |
| 76-80 College Road |
| Harrow |
| Middlesex |
| HA1 1BQ |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Arabian Oud Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents amounts receivable from the sale of goods through the Company’s retail units and online sales platforms, excluding value added tax and trade discounts. |
| Revenue is recognised when the significant risks and rewards of ownership of the goods have transferred to the customer, the amount of revenue can be measured reliably, and it is probable that the economic benefits will flow to the Company. |
| For retail sales, revenue is recognised at the point of sale through the Company’s point-of-sale systems. For online sales, revenue is recognised when the goods are dispatched to, or received by, the customer in accordance with the relevant sales terms. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Leasehold Improvement | - |
| Tool and Instruments | - |
| Furniture & Office Equipments | - |
| Air Conditions | - |
| Computers | - |
| Tangible fixed assets are stated at cost less accumulated depreciation. |
| Stocks |
| Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the first in first out basis of valuation. Net realisable value is based on the price at which the stock is sold or is expected to be sold after the year end. |
| 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. |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| 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. |
| 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. |
| Going concern |
| The financial statements have been prepared on a going concern basis. |
| During the year ended 31 December 2025, the Company incurred a loss before tax of £450,300 (2024: profit of £8,304). At the reporting date, the Company had net current liabilities of £1,298,196 (2024: £728,634) and a deficit in net assets of £543,534 (2024: £178,936). |
| These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Company’s ability to continue as a going concern. |
| Notwithstanding the above, the directors consider it appropriate to prepare the financial statements on a going concern basis. In reaching this conclusion, the directors have considered the expected continued financial support from the Company’s wider group, including its controlling company, which is also the Company’s largest creditor. The directors have also considered the Company’s continued expansion of its UK store network, the increase in online and store sales, the absence of external third-party borrowings, and the fact that the Company’s assets are not subject to secured lending arrangements. |
| On this basis, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements do not include any adjustments that would be required if the Company were unable to continue as a going concern. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Website |
| Development |
| & Software |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| AMORTISATION |
| At 1 January 2025 |
| Amortisation for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Branch |
| Leasehold | Under | Tool and |
| Improvement | Construction | Instruments |
| £ | £ | £ |
| COST |
| At 1 January 2025 |
| Additions |
| Reclassification/transfer | ( |
) |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Furniture & |
| Office | Air |
| Equipments | Conditions | Computers | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2025 |
| Additions |
| Reclassification/transfer | ( |
) |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Finished goods |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Rent deposit | 315,574 | 306,074 |
| Deferred tax asset |
| Prepayments |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors- posting account |
| Amounts owed to group undertakings |
| PAYE control account |
| VAT | 154,310 | 81,887 |
| Wages and Salaries control | 119,029 | 95,531 |
| NEST pension liability | 4,248 | 2,834 |
| Lloyds TSB Credit Card | (1,986 | ) | 820 |
| Accrued expenses |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 10. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | - | 49,634 |
| Provision for deferred rent | 59,625 | 13,875 |
| Deferred tax |
| £ |
| Balance at 1 January 2025 |
| Provided during year | ( |
) |
| Balance at 31 December 2025 | ( |
) |
| The balance at 31 December 2025 represents a deferred tax asset included under debtors. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary shares | £1 | 250,000 | 250,000 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| For and on behalf of |
| Arabian Oud Company Limited (Registered number: 04279687) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 13. | RELATED PARTY DISCLOSURES |
| 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. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The director considers that the company’s ultimate controlling party is Mr A.S.J. ALJASSER, by virtue of his ultimate controlling shareholding in the company. |