BrightAccountsProduction v1.0.0 v1.0.0 2024-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Operation of a retail store. 11 August 2026 0 0 NI651051 2025-10-31 NI651051 2024-10-31 NI651051 2023-10-31 NI651051 2024-11-01 2025-10-31 NI651051 2023-11-01 2024-10-31 NI651051 uk-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 NI651051 uk-curr:PoundSterling 2024-11-01 2025-10-31 NI651051 uk-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 NI651051 uk-bus:FullAccounts 2024-11-01 2025-10-31 NI651051 uk-bus:Director1 2024-11-01 2025-10-31 NI651051 uk-bus:Director2 2024-11-01 2025-10-31 NI651051 uk-bus:RegisteredOffice 2024-11-01 2025-10-31 NI651051 uk-bus:Agent1 2024-11-01 2025-10-31 NI651051 uk-core:ShareCapital 2025-10-31 NI651051 uk-core:ShareCapital 2024-10-31 NI651051 uk-core:RetainedEarningsAccumulatedLosses 2025-10-31 NI651051 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI651051 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-10-31 NI651051 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI651051 uk-bus:FRS102 2024-11-01 2025-10-31 NI651051 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-11-01 2025-10-31 NI651051 uk-core:Land 2024-11-01 2025-10-31 NI651051 uk-core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 NI651051 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-10-31 NI651051 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-10-31 NI651051 uk-core:WithinOneYear 2025-10-31 NI651051 uk-core:WithinOneYear 2024-10-31 NI651051 uk-core:WithinOneYear 2025-10-31 NI651051 uk-core:WithinOneYear 2024-10-31 NI651051 uk-core:BetweenTwoFiveYears 2025-10-31 NI651051 uk-core:BetweenTwoFiveYears 2024-10-31 NI651051 uk-core:MoreThanFiveYears 2025-10-31 NI651051 uk-core:MoreThanFiveYears 2024-10-31 NI651051 2024-11-01 2025-10-31 NI651051 uk-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI651051

FD Retailing Limited

Unaudited Financial Statements

for the financial year ended 31 October 2025

FD Retailing Limited

DIRECTORS AND OTHER INFORMATION

Directors | Stuart Dixon
| Trevor Finlay
Company Registration Number | NI651051
Registered Office and Business Address | 23 Ferryquay Street
| Londonderry
| BT48 6JB
Accountants | MCI Chartered Accountants
| Sentinel House
| 13 Pump Street
| Londonderry
| BT48 6JG
Bankers | Ulster Bank
| 11-16 Donegal Square East
| Belfast
| BT1 5UB
| Monzo Bank Limited
| Broadwalk House,
| 5 Appold Street,
| London
| EC2A 2AG
| United Kingdom

FD Retailing Limited

Company Registration Number: NI651051

BALANCE SHEET

as at 31 October 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Intangible assets |  | 4 | 74,761 |  | 84,761
Tangible assets |  | 5 | 286,807 |  | 336,876
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 361,568 |  | 421,637
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 6 | - |  | 221,090
Debtors |  | 7 | 12,445 |  | 6,677
Cash and cash equivalents |  |  | 6,096 |  | 64,664
|  |  | ───────── |  | ─────────
|  |  | 18,541 |  | 292,431
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 8 | (635,370) |  | (658,748)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (616,829) |  | (366,317)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (255,261) |  | 55,320
Creditors:

amounts falling due after more than one year |  | 9 | (224,531) |  | (271,054)
|  |  | ───────── |  | ─────────
Net Liabilities |  |  | (479,792) |  | (215,734)
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 200 |  | 200
Retained earnings |  |  | (479,992) |  | (215,934)
|  |  | ───────── |  | ─────────
Shareholders' Deficit |  |  | (479,792) |  | (215,734)
|  |  | ═════════ |  | ═════════
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 11 August 2026 and signed on its behalf by

Stuart Dixon |  |  |  |  |
Director |  |  |  |  |
Trevor Finlay

Director

FD Retailing Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

1. | General Information
| FD Retailing Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is NI651051. The registered office of the company is 23 Ferryquay Street, Londonderry, BT48 6JB. The principal activity of the company is operation of retail stores. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Sale of goods Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods) and the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. This is usually at the point of sale.
| Intangible assets
| Licences
| Intangible assets are capitalised in the balance sheet and amortised over the estimated useful ecomonic life of ten years, being the period during which the benefits are expected to accrue. If there is an indiciation that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. The carrying value of intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may be impaired. Impairment losses are recognised in that statement of income and retained earnings. Amotisation is calculated to write of the cost in equal annual installments over the esimated usful life of 10 years.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Leasehold property | - | 2% Straight line
|  | Fixtures, fittings and equipment | - | 15% Reducing balance
| If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current markets assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits in period's difference from those in which they are recognised in the financial statements.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 23. (2024: 31)

4. | Intangible assets
|  | Licences
|  | £
| Cost
| At 1 November 2024 | 100,000
|  | ─────────
| At 31 October 2025 | 100,000
|  | ─────────
| Amortisation
| At 1 November 2024 | 15,239
| Charge for financial year | 10,000
|  | ─────────
| At 31 October 2025 | 25,239
|  | ─────────
| Net book value
| At 31 October 2025 | 74,761
|  | ═════════
| At 31 October 2024 | 84,761
|  | ═════════

5. | Tangible assets
|  |  | Fixtures, | Total
|  | Leasehold | fittings and |
|  | property | equipment |
|  | £ | £ | £
| Cost
| At 1 November 2024 | 14,064 | 400,164 | 414,228
|  | ───────── | ───────── | ─────────
| At 31 October 2025 | 14,064 | 400,164 | 414,228
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 November 2024 | 1,609 | 75,743 | 77,352
| Charge for the financial year | 1,406 | 48,663 | 50,069
|  | ───────── | ───────── | ─────────
| At 31 October 2025 | 3,015 | 124,406 | 127,421
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 October 2025 | 11,049 | 275,758 | 286,807
|  | ═════════ | ═════════ | ═════════
| At 31 October 2024 | 12,455 | 324,421 | 336,876
|  | ═════════ | ═════════ | ═════════

6. | Stocks | 2025 | 2024
|  | £ | £
| Finished goods and goods for resale | - | 221,090
|  | ═════════ | ═════════
| If stocks were stated at replacement cost (latest purchase price) they would not differ materially from the above.

7. | Debtors | 2025 | 2024
|  | £ | £
| Prepayments and accrued income | 12,445 | 6,677
|  | ═════════ | ═════════

8. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Bank overdrafts | 7,623 | -
| Bank loan | 46,863 | 42,630
| Trade creditors | 27,822 | 113,559
| Amounts owed to group undertakings | 487,112 | 437,112
| Taxation | 29,080 | 29,737
| Accruals:
| Pension accrual | 883 | 837
| Other accruals | 35,987 | 34,873
|  | ───────── | ─────────
|  | 635,370 | 658,748
|  | ═════════ | ═════════
| Total creditors above include secured liabilities amounting to £63,848 (2024: £42,630)

9. | Creditors | 2025 | 2024
| Amounts falling due after more than one year | £ | £
| Bank Loan | 224,531 | 271,054
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 8) | 54,486 | 42,630
| Repayable between two and five years | 46,862 | 42,629
| Repayable in five years or more | 177,669 | 228,425
|  | ───────── | ─────────
|  | 279,017 | 313,684
|  | ═════════ | ═════════
| Total creditors above includes secured liabilities amounting to £224,531 (2024: £271,054).

10. | Financial commitments
| Property rental commitments which are not included in the balance sheet at the year end were £417,833 (2024: 632,333).

11. | Ultimate Parent Undertaking
| The company's ultimate parent undertaking is FD Exchange Limited, a company incorporated and registered in Northern Ireland (company number: NI070922) and under the control of its directors. The financial statements for FD Exchange Limited are available to the public and may be obtained from the Companies House.

12. | Security
| As security for bank borrowings, National Westminster Bank PLC (Trading as Ulster Bank) holds a fixed and floating charge over all assets of the company.