REGISTERED NUMBER: 02892358 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 AUGUST 2024 TO 29 AUGUST 2025

FOR

ALEXANDER ROSE LIMITED

Page

Company Information

1

Report of the Directors

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

6

Notes to the Financial Statements

7

DIRECTORS:

H Olafsson

F Roda

AJ New

SECRETARY:

F Roda

REGISTERED OFFICE:

Alexander House

59 Victoria Road

Burgess Hill

West Sussex

RH15 9LE

REGISTERED NUMBER:

02892358 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Ltd

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

The directors present their report with the financial statements of the company for the period 31 August 2024 to 29 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of manufacturing and supplying garden furniture.

DIRECTORS

The directors shown below have held office during the whole of the period from 31 August 2024 to the date of this report.

H Olafsson

F Roda

Other changes in directors holding office are as follows:

AJ New - appointed 14 October 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

F Roda - Director

27 August 2026

TURNOVER

6,476,588

6,035,976

Cost of sales

(4,301,015

)

(4,327,027

)

GROSS PROFIT

2,175,573

1,708,949

Distribution costs

(913,361

)

(779,810

)

Administrative expenses

(1,709,761

)

(1,944,161

)

OPERATING LOSS

4

(447,549

)

(1,015,022

)

Amounts written off investments

-

(25,834

)

(447,549

)

(1,040,856

)

Interest payable and similar expenses

(100,969

)

(178,713

)

LOSS BEFORE TAXATION

(548,518

)

(1,219,569

)

Tax on loss

5

135,194

308,174

LOSS FOR THE FINANCIAL PERIOD

(413,324

)

(911,395

)

OTHER COMPREHENSIVE LOSS

Investment Impairment

-

(249,669

)

Income tax relating to other comprehensive loss

-

-

OTHER COMPREHENSIVE LOSS FOR THE PERIOD, NET OF INCOME TAX

-

(249,669

)

TOTAL COMPREHENSIVE LOSS FOR THE PERIOD

(413,324

)

(1,161,064

)

FIXED ASSETS

Tangible assets

6

31,770

45,411

Investments

7

-

114,242

31,770

159,653

CURRENT ASSETS

Stocks

2,580,356

2,221,908

Debtors

8

2,617,800

2,359,483

Cash at bank and in hand

127,873

47,923

5,326,029

4,629,314

CREDITORS

Amounts falling due within one year

9

(5,014,317

)

(4,024,251

)

NET CURRENT ASSETS

311,712

605,063

TOTAL ASSETS LESS CURRENT LIABILITIES

343,482

764,716

CREDITORS

Amounts falling due after more than one year

10

(13,043

)

(20,953

)

NET ASSETS

330,439

743,763

CAPITAL AND RESERVES

Called up share capital

13

497,861

497,861

Share premium

138,139

138,139

Retained earnings

(305,561

)

107,763

SHAREHOLDERS' FUNDS

330,439

743,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 August 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

F Roda - Director

Called up

Fair

share

Retained

Share

value

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 September 2023

497,861

1,019,158

138,139

249,669

1,904,827

Changes in equity

Total comprehensive loss

-

(911,395

)

-

(249,669

)

(1,161,064

)

Balance at 30 August 2024

497,861

107,763

138,139

-

743,763

Changes in equity

Total comprehensive loss

-

(413,324

)

-

-

(413,324

)

Balance at 29 August 2025

497,861

(305,561

)

138,139

-

330,439

1.	STATUTORY INFORMATION

Alexander Rose 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.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Long leasehold

-

over term of lease

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

20% on cost

Investments in associates

Interests in associates are initially measured at cost and subsequently measured at fair value, with changes in fair value recognised in other comprehensive income.

Stocks

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

Financial instruments

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the period 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 period 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.

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.

Derivative financial instruments

Derivative financial instruments are recognised at fair value, with any gains or losses being reported in profit or loss.

Going concern

The ultimate controlling party has confirmed that they will provide support to enable the company to fulfil its financial obligations as and when they fall due.

The directors have prepared cashflow forecasts and have assessed that the operating cashflows generated, together with the financial support outlined above is adequate to ensure that the company will meet its liabilities as and when they fall due for a period of at least twelve months from the date from which these accounts were approved. On this basis the directors are of the opinion that the financial statements should be drawn up on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2025 - 25).

4.	OPERATING LOSS

The operating loss is stated after charging:

Period

Period

31.8.24

1.9.23

to

to

29.8.25

30.8.24

£

£

Depreciation - owned assets

17,814

26,841

5.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the period was as follows:

Period

Period

31.8.24

1.9.23

to

to

29.8.25

30.8.24

£

£

Current tax:

Interest on Corporation Tax

-

(11,281

)

Deferred tax

(135,194

)

(296,893

)

Tax on loss

(135,194

)

(308,174

)

Tax effects relating to effects of other comprehensive income

There were no tax effects for the period ended 29 August 2025.

1.9.23 to 30.8.24

Gross

Tax

Net

£

£

£

Investment Impairment

(249,669

)

-

(249,669

)

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 31 August 2024

186,343

381,192

149,508

717,043

Additions

-

4,173

-

4,173

At 29 August 2025

186,343

385,365

149,508

721,216

DEPRECIATION

At 31 August 2024

186,343

340,141

145,148

671,632

Charge for period

-

13,454

4,360

17,814

At 29 August 2025

186,343

353,595

149,508

689,446

NET BOOK VALUE

At 29 August 2025

-

31,770

-

31,770

At 30 August 2024

-

41,051

4,360

45,411

7.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 31 August 2024

114,242

Disposals

(114,242

)

At 29 August 2025

-

NET BOOK VALUE

At 29 August 2025

-

At 30 August 2024

114,242

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,270,671

1,258,807

Other debtors

1,347,129

1,100,676

2,617,800

2,359,483

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

904,471

668,677

Finance leases (see note 11)

7,912

7,332

Trade creditors

1,960,828

1,178,730

Taxation and social security

353,032

361,603

Other creditors

1,788,074

1,807,909

5,014,317

4,024,251

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 11)

13,043

20,953

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

7,912

7,332

Between one and five years

13,043

20,953

20,955

28,285

Non-cancellable

operating leases

2025

2024

£

£

Within one year

269,889

271,879

Between one and five years

1,025,081

1,042,900

In more than five years

1,602,333

1,981,833

2,897,303

3,296,612

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

904,471

668,677

Debenture including fixed and floating charge over the undertaking and all of its assets, rights and property including its revenues, dated 30 April 2024.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

497,861

Ordinary

1

497,861

497,861

14.	RELATED PARTY DISCLOSURES

During the period, purchases of £157,805 (2024 - £51,779) were made from Woven Furniture Designs Inc, an associate of Alexander Rose Ltd. At the balance sheet date, £118,465.60 (2024 - £24,479) was owed to Woven Furniture Designs Inc.

During the year, purchases of £675,384 (2024 - £476,009) were made from IMR S.A. £1,040,217 (2024 - £626,564) was owed to IMR S.A at the balance sheet date. IMR S.A and Alexander Rose Ltd share a common ultimate controlling party, the Roda family.