One Pound Lane Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08901710

One Pound Lane Ltd

Filleted Unaudited Financial Statements

31 May 2025

One Pound Lane Ltd

Financial Statements

Year ended 31 May 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

One Pound Lane Ltd

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	363,692	433,689
Investments	6	2	2
		---------	---------
		363,694	433,691

Current assets

Debtors	7	297,030	254,368
Cash at bank and in hand		919	1,600
		---------	---------
		297,949	255,968

Creditors: amounts falling due within one year	8	837,599		858,064
		---------		---------
Net current liabilities			539,650	602,096
			---------	---------
Total assets less current liabilities			( 175,956)	( 168,405)

Creditors: amounts falling due after more than one year	9	128,784	140,607
		---------	---------
Net liabilities		( 304,740)	( 309,012)
		---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	( 304,744)	( 309,016)
	---------	---------
Shareholders deficit	( 304,740)	( 309,012)
	---------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

One Pound Lane Ltd

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 29 August 2026 , and are signed on behalf of the board by:

Mr S T Allen

Director

Company registration number: 08901710

One Pound Lane Ltd

Notes to the Financial Statements

Year ended 31 May 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have considered the impact of the ongoing difficult trading conditions, specifically the cost of living crisis and increasing costs associated to the business. The company has secured support from suppliers and is clearing liabilities in accordance with agreements. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	15 years straight line
Fixtures and fittings	-	15 years straight line / 25% reducing balance
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 June 2024 and 31 May 2025	383,022	493,029	356,572	1,232,623
	---------	---------	---------	------------
Depreciation
At 1 June 2024	211,425	283,477	304,032	798,934
Charge for the year	25,535	31,324	13,138	69,997
	---------	---------	---------	------------
At 31 May 2025	236,960	314,801	317,170	868,931
	---------	---------	---------	------------
Carrying amount
At 31 May 2025	146,062	178,228	39,402	363,692
	---------	---------	---------	------------
At 31 May 2024	171,597	209,552	52,540	433,689
	---------	---------	---------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 June 2024 and 31 May 2025	2
	----
Impairment
At 1 June 2024 and 31 May 2025	–
	----

Carrying amount
At 31 May 2025	2
	----
At 31 May 2024	2
	----

The company owns 100% of the issued share capital of One Pound Lane Canterbury Ltd, a company registered in England and Wales. The registered office of the subsidiary is the same as this company.

7. Debtors

	2025	2024
	£	£
Other debtors	297,030	254,368
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,949	9,936
Trade creditors	65,883	73,015
Amounts owed to group undertakings and undertakings in which the company has a participating interest	526,806	556,810
Social security and other taxes	184,246	183,522
Other creditors	44,715	34,781
	---------	---------
	837,599	858,064
	---------	---------

The bank loan is secured by a fixed and floating charge over all the property and undertakings of the company.

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

	2025	2024
	£	£
Other creditors	128,784	140,607
	---------	---------

The bank loan is secured by a fixed and floating charge over all the property and undertakings of the company.

10. Operating leases

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	55,000	55,000
Later than 1 year and not later than 5 years	192,500	220,000
Later than 5 years	–	27,500
	---------	---------
	247,500	302,500
	---------	---------

11. Directors' advances, credits and guarantees

During the year a director received advances of £9,979 (2024: £23,215) and made repayments of £4,524 (2024: £2,555) , interest of £3,305 (2024: £2,899) was charged at a rate of 2.25%. At the year end the director owed the company £151,189 (2024: £142,429). During the year a director received advances of £31,826 (2024: £33,749)and made repayments of £Nil (2024: £1,298), interest of £2,851 (2024: £2,063) was charged at a rate of 2.25%. At the year end the director owed the company £145,134 (2024: £110,457).

12. Related party transactions

At the year end, the company owed relatives of the directors £100,176 (2024: £101,176). At the year end, the company owed £5,516 to a company related by common control (2024: £5,676). At the year end, the company owed £526,806 to a subsidiary (2024: £556,810).