Registration number: 07493391

Symons Retail Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Symons Retail Limited

Company Information

Directors

Mr T J Symons Mr C H Symons

Registered office

Red Willows Dynas-Ia Road St Ives Cornwall TR26 2BU

Accountants

D.J. Reynolds & Co. Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

Symons Retail Limited

(Registration number: 07493391)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	2,883,125	2,903,506
Investment property	6	3,571,379	2,865,546
Investments	7	961,790	1,539,961
		7,416,294	7,309,013
Current assets
Stocks	8	1,000	1,000
Debtors	9	1,102,524	963,619
Cash at bank and in hand		565,514	783,506
		1,669,038	1,748,125
Creditors: Amounts falling due within one year	10	(344,448)	(518,935)
Net current assets		1,324,590	1,229,190
Total assets less current liabilities		8,740,884	8,538,203
Provisions for liabilities		(521)	(5,819)
Net assets		8,740,363	8,532,384
Capital and reserves
Called up share capital	11	220	220
Retained earnings		8,740,143	8,532,164
Shareholders' funds		8,740,363	8,532,384

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2026 and signed on its behalf by:
 

......................................... Mr T J Symons Director

Symons Retail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Red Willows
Dynas-Ia Road
St Ives
Cornwall
TR26 2BU

These financial statements were authorised for issue by the Board on 26 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the share of net profit attributed to the company in the annual accounts of each partnership together with the accrued profit share for the current accounting period, where the accounting date of the partnership is not coterminous with that of the company.

Revenue related to the Bed and Breakfast trade is recognised at the date the amount becomes due.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Symons Retail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Freehold property is held at market value and is maintained to a level where there is no reduction in the value of the asset.

Asset class	Depreciation method and rate
Office equipment	33.3% straight line
Motor vehicles	20% straight line
Furniture and fittings	15% reducing balance
Freehold property	Held at market value

Investments in associates

Investments in associates are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate cost on acquisition.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years straight line

Symons Retail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Investments

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

Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Symons Retail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2025 - 10).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2025	1,000	1,000
At 31 January 2026	1,000	1,000
Amortisation
At 1 February 2025	1,000	1,000
At 31 January 2026	1,000	1,000
Carrying amount
At 31 January 2026	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	2,818,429	155,009	43,811	3,017,249
Additions	-	565	-	565
At 31 January 2026	2,818,429	155,574	43,811	3,017,814
Depreciation
At 1 February 2025	-	78,695	35,048	113,743
Charge for the year	-	12,183	8,763	20,946
At 31 January 2026	-	90,878	43,811	134,689
Carrying amount
At 31 January 2026	2,818,429	64,696	-	2,883,125
At 31 January 2025	2,818,429	76,314	8,763	2,903,506

Included within the net book value of land and buildings above is £2,818,429 (2025 - £2,818,429) in respect of freehold land and buildings.
 

Symons Retail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6	Investment properties

	2026 £
At 1 February	2,865,546
Additions	705,833
At 31 January	3,571,379