REGISTERED NUMBER: 08376373 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2026

for

Arnolds Pharmacy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr O N Hamid

REGISTERED OFFICE:

21 Nelson Road

Westward Ho

Bideford

Devon

EX39 1LF

REGISTERED NUMBER:

08376373 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

438,049

435,541

Investment property

5

475,000

475,000

913,049

910,541

CURRENT ASSETS

Stocks

35,000

37,000

Debtors

6

263,912

318,550

Cash at bank

285,737

605,960

584,649

961,510

CREDITORS

Amounts falling due within one year

7

264,553

548,816

NET CURRENT ASSETS

320,096

412,694

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233,145

1,323,235

CREDITORS

Amounts falling due after more than one year

8

-

(67,825

)

PROVISIONS FOR LIABILITIES

(34,231

)

(41,760

)

NET ASSETS

1,198,914

1,213,650

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

147,886

147,886

Retained earnings

11

1,050,928

1,065,664

SHAREHOLDERS' FUNDS

1,198,914

1,213,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 20th October 2026 and were signed by:

Mr O N Hamid - Director

1.	STATUTORY INFORMATION

Arnolds Pharmacy Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in pounds sterling (£), which is the company’s functional and presentation currency. Amounts are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

All revenue arises in the UK from a single activity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Freehold property

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Cash & cash equivalents

Cash comprises cash on hand and demand deposits.

Cash equivalents comprise short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted in preparing the financial statements.

Judgements and Estimates

Property valuation is based on directors' estimates using market assumptions and is subject to uncertainty.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1st February 2025

425,000

23,659

10,214

458,873

Additions

-

-

5,180

5,180

Disposals

-

(250

)

(3,949

)

(4,199

)

At 31st January 2026

425,000

23,409

11,445

459,854

DEPRECIATION

At 1st February 2025

-

13,953

9,379

23,332

Charge for year

-

1,456

1,123

2,579

Eliminated on disposal

-

(157

)

(3,949

)

(4,106

)

At 31st January 2026

-

15,252

6,553

21,805

NET BOOK VALUE

At 31st January 2026

425,000

8,157

4,892

438,049

At 31st January 2025

425,000

9,706

835

435,541

Cost or valuation at 31st January 2026 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Valuation in 2020

50,000

-

-

50,000

Valuation in 2022

50,000

-

-

50,000

Valuation in 2023

50,000

-

-

50,000

Valuation in 2024

25,000

-

-

25,000

Cost

250,000

23,409

11,445

284,854

425,000

23,409

11,445

459,854

If freehold property had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

250,000

250,000

Freehold property was valued on an open market basis on 31st January 2026 by the director .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

and 31st January 2026

475,000

NET BOOK VALUE

At 31st January 2026

475,000

At 31st January 2025

475,000

Fair value at 31st January 2026 is represented by:

£

Valuation in 2024

10,000

Cost

465,000

475,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

465,000

465,000

Investment property was valued on an open market basis on 31st January 2026 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

7,906

-

VAT

57,426

62,406

Prepayments and accrued income

195,870

254,147

Prepayments

2,710

1,997

263,912

318,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

-

16,774

Other loans

-

100,000

Trade creditors

253,398

256,478

Tax

-

41,456

Social security and other taxes

7,987

5,386

Other creditors

1,416

1,145

Directors' current accounts

419

126,255

Accrued expenses

1,333

1,322

264,553

548,816

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

-

10,107

Bank loans - 2-5 years

-

20,322

Bank loans more 5 yr by instal

-

37,396

-

67,825

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

37,396

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

-

84,599

Debentures existed, including a fixed and floating charge over all present freehold property and a fixed and floating charge over all remaining assets, both present and future. These charges were fully satisfied in May 2025.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st February 2025

1,065,664

147,886

1,213,550

Deficit for the year

(14,236

)

(14,236

)

Dividends

(500

)

(500

)

At 31st January 2026

1,050,928

147,886

1,198,814