Company No: 00337419 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	D F Pearson
	K W Pearson

Registered office	Tyler Way
	Swalecliffe
	Whitstable
	Kent
	CT5 2RT
	United Kingdom

Company number

00337419 (England and Wales)

Accountant	Kreston Reeves LLP
	Suite 2
	Orchard House
	Orchard Street
	Canterbury
	Kent
	CT2 8AR

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morgan's Pomade Company Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Morgan's Pomade Company Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Morgan's Pomade Company Limited and state those matters that we have agreed to state to the Board of Directors of Morgan's Pomade Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Morgan's Pomade Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Morgan's Pomade Company 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 Morgan's Pomade Company Limited. You consider that Morgan's Pomade Company Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Morgan's Pomade Company 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.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

21 August 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	187,849		233,851
Investment property	4	300,366		300,366
		488,215		534,217
Current assets
Stocks		950,000		975,000
Debtors	5	1,698,488		520,040
Cash at bank and in hand		671,682		1,235,117
		3,320,170		2,730,157
Creditors: amounts falling due within one year	6	( 1,132,600)		( 977,754)
Net current assets		2,187,570		1,752,403
Total assets less current liabilities		2,675,785		2,286,620
Net assets		2,675,785		2,286,620
Capital and reserves
Called-up share capital		50,000		50,000
Profit and loss account		2,625,785		2,236,620
Total shareholders' funds		2,675,785		2,286,620

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Morgan's Pomade Company Limited (registered number: 00337419) were approved and authorised for issue by the Board of Directors on 21 August 2026. They were signed on its behalf by:

K W Pearson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Morgan's Pomade Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tyler Way, Swalecliffe, Whitstable, Kent, CT5 2RT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	4 - 20 years straight line
Vehicles	5 - 0 years straight line
Fixtures and fittings	4 - 10 years straight line
Tools and equipment	4 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or 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.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		19

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Tools and equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	67,974		597,724		231,134		56,703		13,265		966,800
Additions	0		13,763		0		0		1,190		14,953
At 31 December 2025	67,974		611,487		231,134		56,703		14,455		981,753
Accumulated depreciation
At 01 January 2025	0		516,351		154,808		51,387		10,403		732,949
Charge for the financial year	0		14,861		43,186		2,385		523		60,955
At 31 December 2025	0		531,212		197,994		53,772		10,926		793,904
Net book value
At 31 December 2025	67,974		80,275		33,140		2,931		3,529		187,849
At 31 December 2024	67,974		81,373		76,326		5,316		2,862		233,851

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	300,366
As at 31 December 2025	300,366

The 2024 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

	2025		2024
	£		£
Trade debtors	535,386		379,946
S455	14,200		14,200
Other debtors	1,148,902		125,894
	1,698,488		520,040

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	178,057		47,799
Amounts owed to Group undertakings	718,826		754,584
Taxation and social security	134,655		74,209
Other creditors	101,062		101,162
	1,132,600		977,754

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Transactions with company directors	1,115,458		92,075

During the period, the Company entered into transactions with its directors. At the balance sheet date, the outstanding balance due from the directors was £1,115,458 (2024: £92,075). The loan is unsecured, interest-free, and repayable on demand and has no fixed repayment date.