ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 02325500

BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

COMPANY INFORMATION

DIRECTOR	A R Barget


REGISTERED NUMBER	02325500


REGISTERED OFFICE	1st Floor Sackville House
	143-149 Fenchurch Street London EC3M 6BN

BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 6

BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

REGISTERED NUMBER: 02325500

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

CURRENT ASSETS
Stocks	5	78,453		83,167
Debtors	6	324,812		343,910
Cash at bank and in hand		96,829		137,814
		500,094		564,891
Creditors: amounts falling due within one year	7	(158,331)		(262,546)
TOTAL ASSETS LESS CURRENT LIABILITIES			341,763		302,345
Creditors: amounts falling due after more than one year	8		-		(5,833)
NET ASSETS			341,763		296,512

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital	100	100
Profit and loss account	341,663	296,412
EQUITY SHAREHOLDER'S FUNDS	341,763	296,512

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf
18 September 2026.

A R Barget

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Barget Kitchens & Interiors (Chelsea) Limited (company number: 02325500), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales. The principal place of trading is 39 Heath Street, London, NW3 6UA.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

STATEMENT OF CASH FLOWS

The company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

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BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.

2.8

CREDITORS

Short-term creditors are measured at the transaction price.

2.9

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The company's functional and presentational currency is British Pounds Sterling (GBP).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period-end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.10

LONG-TERM CONTRACTS

Profit on long-term contracts is recognised once the work is carried out and the final outcome can be assessed with reasonable certainty. The profit is calculated on a prudent basis to reflect the proportion of work carried out at the year end, by recording turnover and related costs as contract activity progresses.

Turnover is calculated as a proportion of the total contract value which costs incurred to date bear against the total expected costs for that contract.

Revenues derived from variations on contracts are recognised only when they have been accepted by the customer.

Full provision is made for losses on all contracts in the year in which they are first foreseen.

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BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.11

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.12

PENSIONS

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

2.13

INTEREST INCOME

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.14

FINANCE COSTS

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.15

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

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BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

4.	DIVIDENDS
		2025	2024
		£	£

Total dividends paid

30,000

60,000

5.	STOCKS
		2025	2024
		£	£

	Finished goods and goods for resale	78,453	83,167

DEBTORS

					2025	2024
					£	£

Due within one year
Trade debtors	-	7,484
Amounts owed by group undertakings	257,693	263,359
Other debtors	67,119	47,067
Prepayments and accrued income	-	26,000
	324,812	343,910

7.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	4,006
Bank loans (see below)	5,833	10,000
Trade creditors	19,734	23,713
Corporation tax	26,006	15,637
Other taxation and social security	19,506	23,365
Other creditors	44,319	96,525
Accruals and deferred income	42,933	89,300
	158,331	262,546

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BARGET KITCHENS & INTERIORS (CHELSEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	CREDITORS: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans (see below)	-	5,833

Bank loans comprise a Bounce Back Loan Scheme (BBLS) loan provided by Barclays Bank UK PLC. The loan is guaranteed by the government and there is no interest and repayment due for the first 12 months. After 12 months, the interest is fixed at 2.5% per year. The final repayment for this loan is due in July 2026.

Amounts falling due within one year
Bank loans	5,833	10,000
Amounts falling due within 2-5 years
Bank loans	-	5,833
	5,833	15,833

10.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,244 (2024: £2,274).

As at 31 December 2025 there were amounts payable of £499 (2024: £579) within other creditors.

11.	RELATED PARTY TRANSACTIONS
	Included within other debtors are amounts due from the director of £40,820 (2024: £17,510). This was repaid within 9 months of the year-end date. The Company has taken advantage of Section 33.1A of FRS102 in not disclosing transactions between wholly-owned members of a group.

12.	CONTROLLING PARTY

As at 31 December 2025 and 31 December 2024, the company's ultimate parent undertaking was Barget Group Limited, a company incorporated in England and Wales.

Page 6