ACCOUNTS - Final Accounts

Registered number: 07858293

EXTRAVAGANCE RETAIL LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2025

EXTRAVAGANCE RETAIL LIMITED

Company Information

Director	N Bennett


Registered number	07858293


Registered office	44-45 The Lanes
	The Oasis, Meadowhall Centre
	Sheffield
	S9 1EP

EXTRAVAGANCE RETAIL LIMITED

Registered number: 07858293

Balance sheet

As at 31 December 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		661		1,075
			661		1,075
Current assets
Stocks		23,525		24,816
Debtors		31,554		20,790
Cash at bank and in hand		142,109		180,665
		197,188		226,271
Creditors: amounts falling due within one year	7	(59,196)		(60,825)
Net current assets			137,992		165,446
Total assets less current liabilities			138,653		166,521
Net assets			138,653		166,521

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		138,553	166,421
		138,653	166,521

The director considers 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 director acknowledges her 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 income and retained earnings 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:

N Bennett

Director

Date: 25 July 2026

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EXTRAVAGANCE RETAIL LIMITED

Registered number: 07858293

Balance sheet (continued)

As at 31 December 2025

The notes on pages 3 to 7 form part of these financial statements.

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EXTRAVAGANCE RETAIL LIMITED

Notes to the financial statements

For the year ended 31 December 2025

1.	General information

Extravagance Retail Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company.

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 requirements 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents turnover from the sale of goods.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

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.

2.6

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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EXTRAVAGANCE RETAIL LIMITED

Notes to the financial statements

For the year ended 31 December 2025

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Goodwill

years

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Shop equipment	-	20%
Fixtures and fittings	-	20%
Office equipment	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Stocks

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

2.11

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.

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EXTRAVAGANCE RETAIL LIMITED

Notes to the financial statements

For the year ended 31 December 2025

2.Accounting policies (continued)

2.12

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.

2.13

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.

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 -8).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 January 2025	30,000
	At 31 December 2025	30,000
	Amortisation
	At 1 January 2025	30,000
	At 31 December 2025	30,000
	Net book value
	At 31 December 2025	-
	At 31 December 2024	-

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EXTRAVAGANCE RETAIL LIMITED

Notes to the financial statements

For the year ended 31 December 2025

5.	Tangible fixed assets

	Shop equipment	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	5,021	4,612	4,221	13,854
At 31 December 2025	5,021	4,612	4,221	13,854
Depreciation
At 1 January 2025	4,324	4,612	3,843	12,779
Charge for the year on owned assets	310	-	104	414
At 31 December 2025	4,634	4,612	3,947	13,193
Net book value
At 31 December 2025	387	-	274	661
At 31 December 2024	697	-	378	1,075

Debtors

					2025	2024
					£	£


Other debtors	20,150	9,387
Prepayments and accrued income	11,403	11,403
	31,553	20,790

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	13,330	28,450
Other taxation and social security	36,177	22,282
Other creditors	2,793	4,315
Accruals and deferred income	6,896	5,778
	59,196	60,825

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EXTRAVAGANCE RETAIL LIMITED

Notes to the financial statements

For the year ended 31 December 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 -100) Ordinary shares of £1.00 each	100	100

9.	Related party transactions
	Included in other debtors is a loan to the director in the sum of £20,150 (2024 - £9,387). The loan is unsecured, interest free and repayable upon demand.

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