Company No: 01791520 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
				Restated - note 2
Fixed assets
Tangible assets	5	1,725,802		817,568
Investment property	6	7,088,762		7,280,319
		8,814,564		8,097,887
Current assets
Stocks	7	417,119		301,870
Debtors	8	187,834		367,757
Investments	9	1		1
Cash at bank and in hand		303,701		354,496
		908,655		1,024,124
Creditors: amounts falling due within one year	10	( 621,231)		( 653,335)
Net current assets		287,424		370,789
Total assets less current liabilities		9,101,988		8,468,676
Creditors: amounts falling due after more than one year	11	( 1,417,887)		( 1,175,533)
Provision for liabilities	12, 13	( 344,174)		( 475,144)
Net assets		7,339,927		6,817,999
Capital and reserves
Called-up share capital	14	18,000		18,000
Other reserves		3,234,393		2,929,057
Profit and loss account		4,087,534		3,870,942
Total shareholders' funds		7,339,927		6,817,999

For the financial year ending 31 January 2026 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pinder Fashions Limited (registered number: 01791520) were approved and authorised for issue by the Board of Directors on 08 October 2026. They were signed on its behalf by:

Mr G K Benning Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pinder Fashions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Warren Trading, Beach Walk, Dawlish Warren, Dawlish, EX7 0NF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from provision of rental services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

not amortised

Goodwill

Goodwill has been fully amortised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

No depreciation is charged in respect of investment property which is revalued annually. The directors consider that systematic annual depreciation would be inappropriate as the investment property is shown in the financial statements at fair value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

During the current year, the company reclassified transfers between employee loan accounts relating to the year ended 31 January 2025. The transfers were reclassified from other debtors, to other creditors, resulting in no affect to the Profit or Loss account.

		As previously reported		Adjustment		As restated
Year ended 31 January 2025		£		£		£
Other Debtors		4,240		10,202		14,442
Other Creditors		(16,458)		(10,202)		(26,660)

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	28		25

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	20,000		20,000
At 31 January 2026	20,000		20,000
Accumulated amortisation
At 01 February 2025	20,000		20,000
At 31 January 2026	20,000		20,000
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

5. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 February 2025	1,128,234		25,594		47,415		1,201,243
Additions	0		0		2,455		2,455
Reclassification of revaluation from 2025	571,766		0		0		571,766
At 31 January 2026	1,700,000		25,594		49,870		1,775,464
Accumulated depreciation
At 01 February 2025	341,052		16,146		26,477		383,675
Charge for the financial year	32,837		2,362		4,677		39,876
Disposals	( 373,889)		0		0		( 373,889)
At 31 January 2026	0		18,508		31,154		49,662
Net book value
At 31 January 2026	1,700,000		7,086		18,716		1,725,802
At 31 January 2025	787,182		9,448		20,938		817,568

6. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	7,280,319
Additions	448,762
Fair value movement	(68,553)
Correction to fair value movement for Leasehold element	(571,766)
As at 31 January 2026	7,088,762

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	4,326,156		3,877,394

7. Stocks

	2026		2025
	£		£
Stocks	417,119		301,870

8. Debtors

	2026		2025
	£		£
Trade debtors	127,358		234,890
Amounts owed by directors	29,320		105,533
Prepayments and accrued income	21,165		12,892
Other debtors	9,991		14,442
	187,834		367,757

9. Current asset investments

	2026		2025
	£		£
Other investments – at cost less impairment	1		1

10. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	158,000		178,000
Trade creditors	72,615		75,385
Amounts owed to directors	4,673		0
Accruals	108,987		118,204
Taxation and social security	258,669		255,086
Other creditors	18,287		26,660
	621,231		653,335

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

	2026		2025
	£		£
Bank loans (secured)	1,417,885		1,175,531
Other creditors	2		2
	1,417,887		1,175,533

Security is given on the company's bank borrowings by charges held over the company's land, property and assets.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2026		2025
	£		£
Bank loans (secured / repayable by instalments)	867,301		603,531

Security is given on the company's bank borrowings by charges held over the company's land, property and assets.

12. Provision for liabilities

	2026		2025
	£		£
Deferred tax	344,174		427,144
Other provisions	0		48,000
	344,174		475,144

Other

The other provision related to dilapidation costs at the balance sheet date on the properties of £0 (2025 - £48,000).

13. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 427,144)		( 3,776)
Credited/(charged) to the Profit and Loss Account	82,970		( 423,368)
At the end of financial year	( 344,174)		( 427,144)

14. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
18,000 Ordinary shares of £ 1.00 each	18,000		18,000

15. Financial commitments

Commitments

	2026		2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	589,000		621,000

At the year end the company had annual commitments under non-cancellable operating leases in respect of land and buildings. The operating leases relate to commitments over periods of 3 - 75 years.

16. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Advances to directors	29,321		105,533

The balance is unsecured and repayable on demand. A commercial rate of interest is charged on balances over £10,000. The balance decreased during the year following repayments by the directors.

17. Ultimate controlling party

The controlling party is the Benning family.