Mark & Chappell Limited Company accounts

COMPANY REGISTRATION NUMBER: 02181619

Mark & Chappell Limited

Unaudited Financial Statements

31 December 2025

Mark & Chappell Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

Mark & Chappell Limited

Director's Report

Year ended 31 December 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2025 .

Director

The director who served the company during the year was as follows:

Mr. Kieran Carolan

Events after the end of the reporting period

Particulars of events after the reporting date are detailed in note 13 to the financial statements.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 August 2026 and signed on behalf of the board by:

Mr. Kieran Carolan
Director

Registered office:

Suite 2

248 Toddington Road

Luton

England

LU4 9DZ

Mark & Chappell Limited

Statement of Income and Retained Earnings

Year ended 31 December 2025

	2025	2024
Note	£	£
Turnover	6,898,152	6,979,618

Cost of sales	4,209,431	4,334,160
	------------	------------
Gross profit	2,688,721	2,645,458

Administrative expenses	2,430,304	2,462,046
Other operating income	118,674	( 166,286)
	------------	------------
Operating profit	377,091	17,126

Interest payable and similar expenses		70,853	53,946
		------------	------------
Profit/(loss) before taxation	5	306,238	( 36,820)

Tax on profit/(loss)	112,923	–
	---------	--------
Profit/(loss) for the financial year and total comprehensive income	193,315	( 36,820)
	---------	--------

Dividends paid and payable	–	( 1,079,189)

Retained (losses)/earnings at the start of the year	( 383,700)	732,309
	---------	------------
Retained losses at the end of the year	( 190,385)	( 383,700)
	---------	------------

All the activities of the company are from continuing operations.

Mark & Chappell Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	790,651	984,279
Tangible assets	7	116,125	148,325
Investments	8	242,850	242,850
		------------	------------
		1,149,626	1,375,454

Current assets

Stocks		622,990	619,940
Debtors	9	3,248,920	3,275,921
Cash at bank and in hand		1,555,947	986,362
		------------	------------
		5,427,857	4,882,223

Creditors: amounts falling due within one year	10	1,163,038	951,022
		------------	------------
Net current assets		4,264,819	3,931,201
		------------	------------
Total assets less current liabilities		5,414,445	5,306,655

Creditors: amounts falling due after more than one year	11	697,824	812,380

Provisions	29,031	–
	------------	------------
Net assets	4,687,590	4,494,275
	------------	------------

Capital and reserves

Called up share capital	3,454,886	3,454,886
Other reserves	1,423,089	1,423,089
Profit and loss account	( 190,385)	( 383,700)
	------------	------------
Shareholders funds	4,687,590	4,494,275
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mark & Chappell Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 14 August 2026 , and are signed on behalf of the board by:

Mr. Kieran Carolan
Director

Company registration number: 02181619

Mark & Chappell Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 2, 248 Toddington Road, Luton, LU4 9DZ, England.

2. Statement of compliance

The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

3. Accounting policies

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.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Turnover

Turnover represents net invoiced sales of goods excluding value added tax. Turnover 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 the 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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Intangible assets

Patents Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives, generally their respective unexpired periods of between 1 and 16 years. Trademark Trademark are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over the number of years per Trademark Licensing Agreement.

Tangible assets

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: - Plant and machinery - 10% Straight line - Fixtures, fittings and equipment - 30% Straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing and hire purchases

Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.

Investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and an impairment losses or reversals of impairment losses are recognised in the profit and loss account.

Investments held as fixed assets are stated at cost less any accumulated impairment losses. At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that these 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.

The recoverable amount is the higher of the fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to the present value using a pre-tax discount rate that reflects the current market 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 the 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 will be recognised in the profit and loss account 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 cased 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 (or cash generating unit) in prior years. A reversal of an an impairment loss is recognised in the profit and loss account unless the relevant asset is carried at a revalued amount in which case the revaluation is treated as a revaluation increase.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the first in first out principle and includes expenditure incurred in acquiring the stocks and bringing them to their existing location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of the stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairments are also recognised in the profit and loss.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

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

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to sterling at the foreign exchange rate ruling at the date. Transactions in foreign currencies are retranslated to sterling at the foreign exchange rate ruling at the date of the transaction. Foreign exchange differences arising on the retranslation are recognised in the profit and loss account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Amortisation of intangible assets	193,628	129,205
Depreciation of tangible assets	32,863	33,832
	---------	---------

6. Intangible assets

	Patents	Trademarks	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	178,055	1,113,366	1,291,421
	---------	------------	------------
Amortisation
At 1 January 2025	178,055	129,087	307,142
Charge for the year	–	193,628	193,628
	---------	------------	------------
At 31 December 2025	178,055	322,715	500,770
	---------	------------	------------
Carrying amount
At 31 December 2025	–	790,651	790,651
	---------	------------	------------
At 31 December 2024	–	984,279	984,279
	---------	------------	------------

7. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025	323,102	73,187	396,289
Additions	–	663	663
	---------	--------	---------
At 31 December 2025	323,102	73,850	396,952
	---------	--------	---------
Depreciation
At 1 January 2025	175,260	72,704	247,964
Charge for the year	32,311	552	32,863
	---------	--------	---------
At 31 December 2025	207,571	73,256	280,827
	---------	--------	---------
Carrying amount
At 31 December 2025	115,531	594	116,125
	---------	--------	---------
At 31 December 2024	147,842	483	148,325
	---------	--------	---------

8. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	242,850
	---------
Impairment
At 1 January 2025 and 31 December 2025	–
	---------

Carrying amount
At 31 December 2025	242,850
	---------
At 31 December 2024	242,850
	---------

Subsidiaries, associates and other investments

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Prodex Irl d.o.o.	Celjska	Ordinary	100
	Cesta 8
	3310, Zatec
	Slovenia
Mark & Chappell (Ireland) Limited	Unit 1B	Ordinary	100
	The Renmore Business Complex
	Kilcoole
	Co. Wicklow
	Ireland.

The results and capital and reserves for the year are as follows:

	Capital and reserves		Profit/(loss) for the year
	2025	2024	2025	2024
	£	£	£	£
Subsidiary undertakings
Prodex Irl d.o.o.	751,624	610,584	114,410	171,549
Mark & Chappell (Ireland) Limited	364,199	230,682	121,524	125,768
	---------	---------	---------	---------

9. Debtors

	2025	2024
	£	£
Trade debtors	902,907	685,697
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,330,549	2,543,926
Other debtors	15,464	46,298
	------------	------------
	3,248,920	3,275,921
	------------	------------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	92,949	101,825
Amounts owed to group undertakings and undertakings in which the company has a participating interest	408,727	286,886
Corporation tax	83,892	–
Social security and other taxes	121,458	132,150
Other creditors	456,012	430,161
	------------	---------
	1,163,038	951,022
	------------	---------

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	697,824	812,380
	---------	---------

12. Parent company

The company regards KMCNA (Castleknock) Unlimited Company as its parent company.

The parent of the largest group in which the results are consolidated is KMCNA (Castleknock) Unlimited Company. KMCNA (Castleknock) Unlimited Company is registered in Ireland.

13. Post-balance sheet events

There have been no significant events affecting the company since the financial year-end.

14. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2025	2024
	£	£
KMCNA (Castleknock) Unlimited Company	–	14,890
	----	--------

During the year the company purchased goods in the amount of £2,322,289 (2024: £2,406,312) from Prodex IRL d.o.o.