D. R. RETAIL LIMITED


Directors	ROBSON, Denise
	ROBSON, Philip


Company Secretary	ROBSON, Philip


Registered Address	85a St. Marys Field
	High Church
	Morpeth
	NE61 2QF


Registered Number	04357938 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		32,418		35,368
Tangible assets	5		148,766		151,320
			181,184		186,688
Current assets
Stocks	6	16,656		26,849
Debtors	7	2,779		3,073
Cash at bank and on hand		6,566		1,435
		26,001		31,357
Creditors amounts falling due within one year	8	(47,849)		(83,061)
Net current assets (liabilities)			(21,848)		(51,704)
Total assets less current liabilities			159,336		134,984
Creditors amounts falling due after one year	9		-		(1,232)
Provisions for liabilities	10		(828)		(900)
Net assets			158,508		132,852
Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account			148,508		122,852
Shareholders' funds			158,508		132,852

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2026, and are signed on its behalf by:

ROBSON, Denise
Director
Registered Company No. 04357938

D. R. RETAIL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

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 obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Land is not depreciated. Depreciation is provided on all other tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Land is not depreciated.

Depreciation is provided on all other tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Fixtures and fittings	15	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Financial instruments
	The company enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 25	59,000	59,000
At 31 March 26	59,000	59,000
Amortisation and impairment
At 01 April 25	23,632	23,632
Charge for year	2,950	2,950
At 31 March 26	26,582	26,582
Net book value
At 31 March 26	32,418	32,418
At 31 March 25	35,368	35,368

4.	Useful life of intangible assets
	Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of goodwill has been set at 20 years and the asset will be amortised on a straight-line basis over that period.

5.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 25	159,261	19,963	179,224
At 31 March 26	159,261	19,963	179,224
Depreciation and impairment
At 01 April 25	13,065	14,839	27,904
Charge for year	1,786	768	2,554
At 31 March 26	14,851	15,607	30,458
Net book value
At 31 March 26	144,410	4,356	148,766
At 31 March 25	146,196	5,124	151,320

6.	Stocks

	2026	2025
	£	£
Finished goods	16,656	26,849
Total	16,656	26,849

7.	Debtors: amounts due within one year

	2026	2025
	£	£
Prepayments and accrued income	2,779	3,073
Total	2,779	3,073

8.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	12,177	14,587
Bank borrowings and overdrafts	1,240	18,883
Taxation and social security	11,376	11,301
Other creditors	17,948	32,414
Accrued liabilities and deferred income	5,108	5,876
Total	47,849	83,061


	Included in bank borrowings and overdrafts are amounts secured of £NIL (2025: £9,844) on the land at 85/85A St. Marys Field, Morpeth, Northumberland.

9.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	1,232
Total	-	1,232

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	828	900
Total	828	900