REGISTERED NUMBER: 01491442 (England and Wales)

Financial Statements

for the Year Ended 28 February 2026

for

York Barbell (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

8

DIRECTORS:

Mr J H Cass

Mr P R Cass

REGISTERED OFFICE:

York Way

High March Industrial Estate

Daventry

Northamptonshire

NN11 4YB

REGISTERED NUMBER:

01491442 (England and Wales)

AUDITORS:

Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

BANKERS:

HSBC

St Clair House

5 Old Bedford Road

Northampton

NN4 7AA

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,503,293

2,569,059

2,503,293

2,569,059

CURRENT ASSETS

Stocks

1,201,896

1,061,711

Debtors

7

834,321

665,696

Cash at bank

578,177

669,819

2,614,394

2,397,226

CREDITORS

Amounts falling due within one year

8

2,015,532

2,066,590

NET CURRENT ASSETS

598,862

330,636

TOTAL ASSETS LESS CURRENT LIABILITIES

3,102,155

2,899,695

CAPITAL AND RESERVES

Called up share capital

10

100

100

Preference shares

11

5,014,129

5,014,129

Retained earnings

11

(1,912,074

)

(2,114,534

)

SHAREHOLDERS' FUNDS

3,102,155

2,899,695

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Mr J H Cass - Director

Mr P R Cass - Director

1.	STATUTORY INFORMATION

York Barbell (UK) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling (£) and cover the period to the end of February each year.

Going Concern

The director has received assurances from the ultimate beneficial owners that support will be provided as needed to ensure the operation existence for the foreseeable future, not less than 12 months from the date of approval of these financial statements. In addition, the company owns an unencumbered property valued significantly in excess of the company's negative retained profit.

Significant judgements and estimates

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

(a) Determining net realisable values of stock

In determining the net realisable value of stocks, management takes into account the most reliable evidence available at the dates the estimates are made. Stock is initially recognised at cost and reviewed for potential provision. A provision has been applied to stock which is considered to be slow moving or obsolete, based upon the best estimates of the directors.

Revenue and rental income

Turnover represents net amounts invoiced during the year for goods, excluding value added tax.

Rental income arising from operating leases on excess factory and office space is accounted for on a straight line basis over the lease and is shown net of value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the exchange ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items that are measured at historical cost in a foreign currency are not retranslated.

Exchange differences arising on the settlement of monetary items and on the retranslation of monetary items are taken to the profit and loss account. Exchange differences arising on non-monetary items, carried at fair value, are included in the profit and loss account, except for the differences arising on the retranslation of non-monetary items in respect of which gains and losses are recorded in equity. For such non-monetary items, any exchange component of that gain or loss is also recognised directly in equity.

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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of six months or less.

Trade Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Trade Creditors

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2025

and 28 February 2026

138,094

AMORTISATION

At 1 March 2025

and 28 February 2026

138,094

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2025

4,588,141

774,283

41,850

Additions

-

18,936

-

At 28 February 2026

4,588,141

793,219

41,850

DEPRECIATION

At 1 March 2025

2,123,815

698,865

21,176

Charge for year

56,147

18,628

8,370

At 28 February 2026

2,179,962

717,493

29,546

NET BOOK VALUE

At 28 February 2026

2,408,179

75,726

12,304

At 28 February 2025

2,464,326

75,418

20,674

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2025

4,001

445,143

5,853,418

Additions

-

3,979

22,915

At 28 February 2026

4,001

449,122

5,876,333

DEPRECIATION

At 1 March 2025

4,000

436,503

3,284,359

Charge for year

-

5,536

88,681

At 28 February 2026

4,000

442,039

3,373,040

NET BOOK VALUE

At 28 February 2026

1

7,083

2,503,293

At 28 February 2025

1

8,640

2,569,059

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

280,911

114,777

Other debtors

142,064

46,463

Deferred tax asset

356,980

455,840

Prepayments and accrued income

54,366

48,616

834,321

665,696

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

150,232

125,149

Social security and other taxes

9,928

8,899

VAT

95,693

89,546

Other creditors

95,656

83,025

Amount owed to related parties

1,530,355

1,633,360

Accruals and deferred income

133,668

126,611

2,015,532

2,066,590

9.	FINANCIAL INSTRUMENTS

The company holds or issues financial instruments in order to achieve three main objectives, being:

(a) to finance its operations.

(b) to manage its exposure to interest and currency risks arising from its operations and from its sources of finance; and

(c) for trading purposes.

In addition, various financial instruments (e.g. trade debtors, trade creditors, accruals and prepayments) arise directly from the company's operations.

Transactions in financial instruments result in the company assuming or transferring to another party one or more of the financial risks described below.

Interest rate risk

The company finances its operations through a mixture of cash reserves and loans.

Credit risk

The company's principal financial assets are cash held by the company's bankers. The principal credit risk arises from its trade debtors. In order to manage credit risk the director sets limits for customers based on a combination of payment history and trade references. Credit limits are reviewed on a regular basis.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs to invest cash assets safely and profitably.

Currency risk

The company is exposed to foreign exchange risk and includes a margin for exchange fluctuations in its pricing. It also reviews currency movements on a regular basis and hedges.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

Called Up Share Capital - represents the nominal value of shares that have been issued.

11.

RESERVES

Retained

Preference

earnings

shares

Totals

£

£

£

At 1 March 2025

(2,114,534

)

5,014,129

2,899,595

Profit for the year

202,460

202,460

At 28 February 2026

(1,912,074

)

5,014,129

3,102,055

In the previous year, 5,014,129 preference shares with a nominal value of £1 were issued at par. The preference shares have been classified as equity on the grounds that there is no fixed rate preference dividend attaching to the shares and the preference shares can only be redeemed at the discretion of the company, not the preference share holder.

Retained Earnings - includes all current and prior period retained profits and losses.

Preference Shares - are a class of company ownership that acts as a hybrid between stocks and bonds. They give investors priority over ordinary shareholders for dividend payouts and in the distribution of company assets, but generally carry no voting rights.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Billingham BFP FCA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

13.	CONTINGENT LIABILITIES

HSBC Bank plc provide a guarantee to HMRC on behalf of the company in order to enable operation of a duty deferment account. The amount guaranteed is £50,000 (2025 - £50,000). The guarantee is secured by a counter indemnity over the company's cash deposits.

14.	RELATED PARTY DISCLOSURES

The company owes £1,530,355 (2025 - £1,633,360) to companies which it shares common shareholders and directors. These loans are provided interest free and are repayable on demand.