REGISTERED NUMBER: 04858425 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Old Eldon Jewellers Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M W Wilson

J Wilson

REGISTERED OFFICE:

1st Floor 6 Old Eldon Square

Newcastle Upon Tyne

NE1 7JG

REGISTERED NUMBER:

04858425 (England and Wales)

ACCOUNTANTS:

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Old Eldon Jewellers Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Old Eldon Jewellers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Old Eldon Jewellers Limited and state those matters that we have agreed to state to the Board of Directors of Old Eldon Jewellers Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Old Eldon Jewellers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Old Eldon Jewellers Limited. You consider that Old Eldon Jewellers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Old Eldon Jewellers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

10 August 2026

FIXED ASSETS

Tangible assets

4

26,524

30,414

CURRENT ASSETS

Stocks

5

75,350

72,910

Debtors

6

14,475

23,411

Cash at bank and in hand

79,384

84,038

169,209

180,359

CREDITORS

Amounts falling due within one year

7

183,410

181,377

NET CURRENT LIABILITIES

(14,201

)

(1,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,323

29,396

PROVISIONS FOR LIABILITIES

8,576

7,603

NET ASSETS

3,747

21,793

CAPITAL AND RESERVES

Called up share capital

105

100

Retained earnings

3,642

21,693

SHAREHOLDERS' FUNDS

3,747

21,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 10 August 2026 and were signed on its behalf by:

M W Wilson - Director

1.	STATUTORY INFORMATION

Old Eldon Jewellers 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

in accordance with the lease.

Plant and machinery

-

15% on reducing balance per annum

Fixtures and fittings

-

15% on reducing balance per annum

Computer equipment

-

25% on cost per annum

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 12 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

6,169

152,840

19,359

31,001

209,369

Additions

-

757

-

-

757

At 31 March 2026

6,169

153,597

19,359

31,001

210,126

DEPRECIATION

At 1 April 2025

6,169

123,308

18,477

31,001

178,955

Charge for year

-

4,515

132

-

4,647

At 31 March 2026

6,169

127,823

18,609

31,001

183,602

NET BOOK VALUE

At 31 March 2026

-

25,774

750

-

26,524

At 31 March 2025

-

29,532

882

-

30,414

5.

STOCKS

2026

2025

£

£

Stocks

69,000

65,415

Work-in-progress

6,350

7,495

75,350

72,910

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,397

2,994

Prepayments

7,078

20,417

14,475

23,411

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

887

6,184

Trade creditors

69,352

74,451

Tax

41,463

42,089

Social security and other taxes

2,278

4,639

VAT

26,752

13,464

Other creditors

31,611

31,336

Directors' current accounts

-

5,350

Directors' loan accounts

11,067

3,864

183,410

181,377

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

19,830

19,830