REGISTERED NUMBER: 02662316 (England and Wales)

MERCHANT'S HOUSE TRADING (MARLBOROUGH)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Ms J V Patrick

Mr K L Edwards

SECRETARY:

Mr K R Dickens

REGISTERED OFFICE:

The Merchant's House

132 High Street

MARLBOROUGH

Wiltshire

SN8 1HN

REGISTERED NUMBER:

02662316 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Tangible assets

4

-

997

CURRENT ASSETS

Stocks

14,667

26,803

Debtors

5

105

-

Cash at bank and in hand

36,399

39,075

51,171

65,878

CREDITORS

Amounts falling due within one year

6

40,661

39,208

NET CURRENT ASSETS

10,510

26,670

TOTAL ASSETS LESS CURRENT LIABILITIES

10,510

27,667

CREDITORS

Amounts falling due after more than one year

7

-

599

NET ASSETS

10,510

27,068

CAPITAL AND RESERVES

Called up share capital

8

210

210

Share premium

19,800

19,800

Retained earnings

(9,500

)

7,058

SHAREHOLDERS' FUNDS

10,510

27,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 1st June 2026 and were signed on its behalf by:

Mr K L Edwards - Director

Ms J V Patrick - Director

1.	STATUTORY INFORMATION

Merchant's House Trading (Marlborough) Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 02662316. The registered office address is The Merchant's House, 132 High Street, Marlborough, Wiltshire SN8 1HN.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine the period of useful economic life and any residual value of all tangible fixed assets in order to write off the value of each asset over that period.

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

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.

Financial instruments

Financial assets and liabilities are recognised and carried at transaction price, the Company having no 'financing' transactions. For this purpose, financial assets are trade and other receivables, cash and bank balances and financial liabilities are trade and other payables and loans.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

9,852

13,195

23,047

DEPRECIATION

At 1st January 2025

9,852

12,198

22,050

Charge for year

-

997

997

At 31st December 2025

9,852

13,195

23,047

NET BOOK VALUE

At 31st December 2025

-

-

-

At 31st December 2024

-

997

997

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

105

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,333

269

Amounts owed to group undertakings

35,522

36,010

Social security and other taxes

491

749

Accruals and deferred income

2,315

2,180

40,661

39,208

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Deferred government grants

-

599

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

210

Ordinary

£1

210

210

9.	RELATED PARTY DISCLOSURES

During the year, the company donated profits of £2,715 (2024 £36,072) to its parent charitable company The Merchant's House (Marlborough) Trust).

At the balance sheet date, the company owed £35,522 to its parent company (2024 - £36,010).

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is The Merchant's House (Marlborough) Trust (Limited by Guarantee), a company registered in England and Wales.