ACCOUNTS - Final Accounts preparation

Registered number: 16752283

SOLO RETAIL TRUSTEES LIMITED

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026


SOLO RETAIL TRUSTEES LIMITED (A company limited by guarantee) REGISTERED NUMBER:16752283

BALANCE SHEET

AS AT 31 JULY 2026

		Period ended 31 July 2026
Note		£

Fixed assets
Investments	4		625,000
			625,000

Creditors: amounts falling due within one year	5	(1,500)
Net current (liabilities)/assets			(1,500)
Total assets less current liabilities			623,500

Net assets			623,500

Capital and reserves
Profit and loss account			623,500
			623,500

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SOLO RETAIL TRUSTEES LIMITED (A company limited by guarantee) REGISTERED NUMBER:16752283

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2026.

R Ford

Director

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

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SOLO RETAIL TRUSTEES LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

1.	General information

Solo Retail Trustees Limited is a private company, limited by guarantee, domiciled in England and Wales, registration number 16752283. The registered office is Value House Stores, Clovelly Road Industrial Estate, Bideford, England, EX39 3HN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the Period was 0.

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SOLO RETAIL TRUSTEES LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	625,000
	At 31 July 2026	625,000

The company holds the shares in the subsidiary undertaking solely in its capacity as trustee of the Solo Retail Employee Ownership Trust ("the EOT").

5.	Creditors: Amounts falling due within one year
		Period ended 31 July 2026
		£

	Accruals and deferred income	1,500
		1,500


6.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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SOLO RETAIL TRUSTEES LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

7.	Contingent liabilities

On 28 October 2025, the company, acting in its capacity as trustee of the Solo Retail Employee Ownership Trust ("the EOT"), acquired the entire issued share capital of Solo Retail Limited for total consideration of £1,245,000. Consideration of £625,000 was paid on completion and deferred consideration of £620,000 remained outstanding at the balance sheet date.

Under the terms of the Share Sale and Purchase Agreement, the deferred consideration is payable only to the extent that the trustee has sufficient trust funds available. The vendors have acknowledged that they have no right to enforce payment of the outstanding consideration unless and to the extent that the trustee holds sufficient cash or other trust assets available to meet the obligation.

Accordingly, no liability has been recognised in respect of the outstanding deferred consideration. The maximum potential exposure of the company in its capacity as trustee at the balance sheet date is £620,000.

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