REGISTERED NUMBER: 06898485 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 FEBRUARY 2025 TO 31 JANUARY 2026

FOR

ROOMES (UPMINSTER) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B H Dreesmann

R M Clacher

SECRETARY:

T James

REGISTERED OFFICE:

472-488 Brixton Road

Brixton

London

SW9 8EH

REGISTERED NUMBER:

06898485 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Green LLB FCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

BANKERS:

Barclays Bank PLC

Clapham Common Group

83 Wandsworth High Street

London

SW18 2PR

FIXED ASSETS

Intangible assets

5

15,735

14,195

Tangible assets

6

293,457

398,019

309,192

412,214

CURRENT ASSETS

Stocks

1,397,828

1,347,337

Debtors

7

319,833

98,059

Cash at bank

577,934

504,421

2,295,595

1,949,817

CREDITORS

Amounts falling due within one year

8

713,915

585,081

NET CURRENT ASSETS

1,581,680

1,364,736

TOTAL ASSETS LESS CURRENT LIABILITIES

1,890,872

1,776,950

CREDITORS

Amounts falling due after more than one year

9

(11,258

)

(25,004

)

PROVISIONS FOR LIABILITIES

(46,568

)

(73,299

)

NET ASSETS

1,833,046

1,678,647

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

1,333,046

1,178,647

SHAREHOLDERS' FUNDS

1,833,046

1,678,647

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

R M Clacher - Director

1.	STATUTORY INFORMATION

Roomes (Upminster) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Sales of goods are recognised on sale to the customer, which is considered to be the point of sale or delivery and when the significant risks and rewards of the goods have been passed to the customer.

Goodwill

Goodwill, being the amount paid in connection with the purchase of a business in 2009, has now been fully amortised over its estimate useful life of 5 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.

Computer software costs are amortised over a period of 5 years, commencing from the month the software is brought into use.

Tangible fixed assets

Tangible Fixed Assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of Tangible Fixed Assets, less their estimated residual value, over their estimated useful lives at the following rates:

Fixtures & Fittings

- 12.5% - 16.67% on cost

Equipment

- 16.67% on cost

Computer Equipment

- 33% on cost

Motor Vehicles

- 25% on cost

Fixtures and Fittings over 15 years old and Equipment over 10 years old are eliminated from fixed assets, except in instances where they are known to be still in use.

Items costing less than £500 are not capitalised but written off to the Profit and Loss Account as incurred.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for impairment of obsolete or slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on an average cost basis. Cost includes the purchase price, including taxes and duties, transport and all other costs directly attributable to bringing the stock to its present location and condition.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet represent cash at bank and in hand.

Short-term debtors and creditors

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 profit or loss under operating expenses.

The carrying value of all short-term financial assets and liabilities are measured at amortised cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and a group personal pension plan.

(i) Short Term Benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

(ii) Defined Contribution Pension Scheme

The company operates a group personal pension plan for its employees. A defined contribution scheme 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 when they are due. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are held separately from the company in independently administered funds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 67 (2025 - 66 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 2 February 2025

300,000

14,195

314,195

Additions

-

21,064

21,064

At 31 January 2026

300,000

35,259

335,259

AMORTISATION

At 2 February 2025

300,000

-

300,000

Impairments

-

19,524

19,524

At 31 January 2026

300,000

19,524

319,524

NET BOOK VALUE

At 31 January 2026

-

15,735

15,735

At 1 February 2025

-

14,195

14,195

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 2 February 2025

303,542

2,105,200

53,115

115,002

2,576,859

Additions

40,703

1,868

-

3,029

45,600

Disposals

(2,890

)

-

-

(14,093

)

(16,983

)

At 31 January 2026

341,355

2,107,068

53,115

103,938

2,605,476

DEPRECIATION

At 2 February 2025

247,485

1,801,055

26,558

103,742

2,178,840

Charge for period

26,618

102,874

13,279

7,391

150,162

Eliminated on disposal

(2,890

)

-

-

(14,093

)

(16,983

)

At 31 January 2026

271,213

1,903,929

39,837

97,040

2,312,019

NET BOOK VALUE

At 31 January 2026

70,142

203,139

13,278

6,898

293,457

At 1 February 2025

56,057

304,145

26,557

11,260

398,019

Disposals include the elimination of:

Fixtures and Fittings

- over 15 years old

Equipment

- over 10 years old

Computer Equipment

- over 10 years old

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 2 February 2025

and 31 January 2026

53,115

DEPRECIATION

At 2 February 2025

26,558

Charge for period

13,279

At 31 January 2026

39,837

NET BOOK VALUE

At 31 January 2026

13,278

At 1 February 2025

26,557

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

34,323

28,472

Amounts owed by group undertakings

219,648

-

Prepayments

65,862

69,587

319,833

98,059

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 10)

10,623

10,623

Trade creditors

287,144

292,351

Corporation tax

78,217

-

Amount due to group companies

-

68,245

Accruals

337,931

213,862

713,915

585,081

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 10)

11,258

25,004

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

10,623

10,623

Between one and five years

11,258

25,004

21,881

35,627

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

21,881

35,627

Hire purchase obligations are secured on fixed assets to which they relate.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Green LLB FCA (Senior Statutory Auditor)

for and on behalf of THP Limited

13.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date (2025 - £Nil) other than a cross guarantee in the form of a charge over the Company's assets, to the favour of the Group's principal Banker, covering all borrowings and overdrafts by the Group from that bank. At the year end there were no net group borrowings from the principal Banker.

14.	ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of Morleys Department Stores Limited. The ultimate parent company is Morleys Stores Limited, a company incorporated in England & Wales. Details of the ultimate controlling party can be found in the accounts of Morleys Stores Limited.

A copy of the group consolidated accounts may be obtained from Companies House.