South West Retail Enterprises Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09473735

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		129,001		116,542
Investments	5		100		100

			129,101		116,642
CURRENT ASSETS
Stocks	6	4,719		5,341
Debtors	7	26,584		22,753
Cash at bank and in hand		136,982		56,191

		168,285		84,285
Creditors: Amounts Falling Due Within One Year	8	(159,538 )		(61,886 )

NET CURRENT ASSETS (LIABILITIES)			8,747		22,399

TOTAL ASSETS LESS CURRENT LIABILITIES			137,848		139,041

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,402 )		(17,259 )

NET ASSETS			119,446		121,782

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			119,346		121,682

SHAREHOLDERS' FUNDS			119,446		121,782

Page 1

Page 2

South West Retail Enterprises Limited

Balance Sheet (continued)

As At 31 January 2026

For the 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J Heenan

Director

14 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

South West Retail Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09473735 . The registered office is Burra Cafe, 7 Lower Redland Road, Bristol, BS6 6TB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

These financial statements are presented in £ Sterling.

The company is the parent undertaking of a small group. The directors have elected not to prepare consolidated financial statements for the year in accordance with the provisions of section 399 of the Companies Act 2006 as the group qualifies as small.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10 Years Straight Line
Plant & Machinery	4 Years Straight Line
Fixtures & Fittings	4 Years Straight Line
Computer Equipment	3 Years Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

South West Retail Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Investments

Investments in equity shares which are publically traded or where fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.

Investments in equity shares which are not publically traded and where fair value cannot be measured reliably are measured at cost less impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2025: 24)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	69,210	54,444	42,704	2,204	168,562
Additions	19,151	16,487	8,376	851	44,865

As at 31 January 2026	88,361	70,931	51,080	3,055	213,427

Depreciation
As at 1 February 2025	6,021	23,619	20,888	1,492	52,020
Provided during the period	8,115	11,758	11,801	732	32,406

As at 31 January 2026	14,136	35,377	32,689	2,224	84,426

Net Book Value
As at 31 January 2026	74,225	35,554	18,391	831	129,001

As at 1 February 2025	63,189	30,825	21,816	712	116,542

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 February 2025	100

As at 31 January 2026	100

Provision
As at 1 February 2025	-

As at 31 January 2026	-

...CONTINUED

Page 4

Page 5

South West Retail Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	100

As at 1 February 2025	100

The company owns 100% of the shares in its' subsidiary company Burra North Street Limited.

6. Stocks

	2026	2025
	£	£
Stock	4,719	5,341

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	663	597
Prepayments and accrued income	7,756	3,241
Other debtors	18,165	17,721
Directors' loan accounts	-	1,194

	26,584	22,753

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	31,716	40,426
Corporation tax	23,492	-
Other taxes and social security	9,985	6,150
VAT	31,068	6,230
Other creditors	7,888	187
Accruals and deferred income	3,125	2,215
Amounts owed to subsidiaries	52,264	6,678

	159,538	61,886

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

During the year the company transacted with its' subsidiary as follows:

Costs recharged to the subsidiary company during the year: £748 (2025: £3,526)

Costs recharged from the subsidiary company during the year: £12,008 (2025: £3,319)

As at 31 January 2026 there was balance owed to the subsidiary of £52,264 (2025: £6,678).

11. Ultimate Controlling Party

The company's ultimate controlling party is the Directors by virtue of their ownership of 100% of the issued share capital in the company.

Page 5