REGISTERED NUMBER: 06248677 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 October 2025

for

LONDON TIME RETAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms B Szymanska

SECRETARY:

N K Zeynel

REGISTERED OFFICE:

27 Russell Road

Whetstone

London

N20 0TN

REGISTERED NUMBER:

06248677 (England and Wales)

ACCOUNTANTS:

Malshahz Accountants

27 Russell Road

Whetstone

London

N20 0TN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

45,032

52,979

45,032

52,979

CURRENT ASSETS

Stocks

223,706

230,624

Debtors

6

20,343

20,343

Cash at bank and in hand

20,388

15,775

264,437

266,742

CREDITORS

Amounts falling due within one year

7

(970,598

)

(990,069

)

NET CURRENT LIABILITIES

(706,161

)

(723,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(661,129

)

(670,348

)

CREDITORS

Amounts falling due after more than one year

8

(15,463

)

(21,019

)

PROVISIONS FOR LIABILITIES

(2,630

)

(2,630

)

NET LIABILITIES

(679,222

)

(693,997

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(679,322

)

(694,097

)

SHAREHOLDERS' FUNDS

(679,222

)

(693,997

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 October 2026 and were signed by:

Ms B Szymanska - Director

1.	STATUTORY INFORMATION

London Time Retail 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.

During the year the company made a profit of £14,775 (2024 £8,196) and at the balance sheet date its liabilities exceeded its total assets by £679,222 (2024 £693,997). The directors and shareholders have confirmed that they will continue to financially support the company's operations.

Owing to the continuing availability of financial support, it is considered appropriate to prepare the financial statements on the going concern basis which assumes that the company will be in operational existence for the foreseeable future.

Turnover

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

Goodwill

The purchased goodwill in october 2008 is written off on the basis of the remaining period of lease.of a shop premises.

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 October 2024

and 29 October 2025

62,342

AMORTISATION

At 30 October 2024

and 29 October 2025

62,342

NET BOOK VALUE

At 29 October 2025

-

At 29 October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 30 October 2024

and 29 October 2025

259,822

198,407

458,229

DEPRECIATION

At 30 October 2024

236,227

169,023

405,250

Charge for year

3,539

4,408

7,947

At 29 October 2025

239,766

173,431

413,197

NET BOOK VALUE

At 29 October 2025

20,056

24,976

45,032

At 29 October 2024

23,595

29,384

52,979

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.10.25

29.10.24

£

£

Other debtors

20,343

20,343

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.10.25

29.10.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

7,299

13,263

Taxation and social security

4,544

2,178

Other creditors

948,755

964,628

970,598

990,069

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.10.25

29.10.24

£

£

Bank loans

15,463

21,019