Original Products (Marylebone) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00428145 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Original Products (Marylebone)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P R Spencer

REGISTERED OFFICE:

Unit 5, Kites Park

Summerleys Road

Princes Risborough

Buckinghamshire

HP27 9PX

REGISTERED NUMBER:

00428145 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Intangible assets

4

14

28

Tangible assets

5

877,022

905,331

Investments

6

2,327,704

2,223,685

3,204,740

3,129,044

CURRENT ASSETS

Stocks

486,339

499,807

Debtors

7

269,731

687,250

Cash at bank and in hand

490,044

168,203

1,246,114

1,355,260

CREDITORS

Amounts falling due within one year

8

104,984

216,615

NET CURRENT ASSETS

1,141,130

1,138,645

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,345,870

4,267,689

PROVISIONS FOR LIABILITIES

32,169

7,706

NET ASSETS

4,313,701

4,259,983

CAPITAL AND RESERVES

Called up share capital

3,000

Retained earnings

4,310,701

4,256,983

SHAREHOLDERS' FUNDS

4,313,701

4,259,983

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 September 2026 and were signed by:

P R Spencer - Director

1.	STATUTORY INFORMATION

Original Products (Marylebone) 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 as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures, fittings & equipment

-

33.33% on cost and 10% and 20% reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for the director. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions paid to the fund during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Trademark

Totals

£

COST

At 1 January 2025

and 31 December 2025

20,000

410

20,410

AMORTISATION

At 1 January 2025

20,000

382

20,382

Amortisation for year

-

14

At 31 December 2025

20,000

396

20,396

NET BOOK VALUE

At 31 December 2025

-

14

At 31 December 2024

-

28

5.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

Motor

property

& equipment

vehicles

Totals

£

COST

At 1 January 2025

910,038

56,470

78,830

1,045,338

Additions

-

662

-

662

At 31 December 2025

910,038

57,132

78,830

1,046,000

DEPRECIATION

At 1 January 2025

76,397

47,187

16,423

140,007

Charge for year

12,225

1,144

15,602

28,971

At 31 December 2025

88,622

48,331

32,025

168,978

NET BOOK VALUE

At 31 December 2025

821,416

8,801

46,805

877,022

At 31 December 2024

833,641

9,283

62,407

905,331

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2025

2,223,685

Revaluations

104,019

At 31 December 2025

2,327,704

NET BOOK VALUE

At 31 December 2025

2,327,704

At 31 December 2024

2,223,685

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2023

7,248

Valuation in 2024

18,784

Valuation in 2025

104,019

Cost

2,197,653

2,327,704

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

56,761

30,332

Amounts owed by connected company

117,215

25,336

Directors' current accounts

40,517

498,858

Tax

33,789

117,075

Prepayments and accrued income

21,449

15,649

269,731

687,250

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

40,680

21,917

Tax

-

117,075

Social security and other taxes

3,053

2,164

VAT

53,517

67,773

Other creditors

-

52

Accruals and deferred income

7,734

7,634

104,984

216,615

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

P R Spencer

Balance outstanding at start of year

498,858

-

Amounts advanced

-

548,858

Amounts repaid

(458,341

)

(50,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

40,517

498,858

The director repaid back £40,517 within nine months of the year end.

10.	RETAINED EARNING

The retained earnings of £4,310,701 (2024: £4,256,983) comprise of distributable reserves of £4,213,163 (2024: £4,237,459) and non-distributable reserves of £97,538 (2024: £19,524) which relate to investment revaluations less deferred tax.