1 June 2022 false No description of principal activity Taxfiler 2023.10 11353397business:PrivateLimitedCompanyLtd2022-06-012023-05-31 113533972022-05-31 113533972022-06-012023-05-31 11353397business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 11353397business:FilletedAccounts2022-06-012023-05-31 113533972023-05-31 11353397business:Director12022-06-012023-05-31 11353397business:Director22022-06-012023-05-31 11353397business:Director32022-06-012023-05-31 11353397business:RegisteredOffice2022-06-012023-05-31 113533972022-05-31 11353397core:WithinOneYear2023-05-31 11353397core:WithinOneYear2022-05-31 11353397core:AfterOneYear2023-05-31 11353397core:AfterOneYear2022-05-31 11353397core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11353397core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 11353397core:RevaluationReservecore:PreviouslyStatedAmount2023-05-31 11353397core:RevaluationReservecore:PreviouslyStatedAmount2022-05-31 11353397core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11353397core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 11353397core:PreviouslyStatedAmount2023-05-31 11353397core:PreviouslyStatedAmount2022-05-31 11353397business:SmallEntities2022-06-012023-05-31 11353397countries:EnglandWales2022-06-012023-05-31 11353397core:PlantMachinery2022-06-012023-05-31 11353397core:FurnitureFittings2022-06-012023-05-31 11353397core:ComputerEquipment2022-06-012023-05-31 11353397core:LandBuildings2022-05-31 11353397core:FurnitureFittings2022-05-31 11353397core:ComputerEquipment2022-05-31 11353397core:LandBuildings2022-06-012023-05-31 11353397core:LandBuildings2023-05-31 11353397core:FurnitureFittings2023-05-31 11353397core:ComputerEquipment2023-05-31 113533972021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11353397 (England and Wales)
Gather Round Ltd Unaudited accounts for the year ended 31 May 2023
Gather Round Ltd Unaudited accounts Contents
Page
- 2 -
Gather Round Ltd Company Information for the year ended 31 May 2023
Directors
Jason Smith Ben Steers Ian Hargrave
Company Number
11353397 (England and Wales)
Registered Office
Cigar Factory 127-131 Raleigh Rd Bristol BS3 1QU
Accountants
Harland Business Services Ltd 102 Hill View Henleaze Bristol Avon BS9 4QG
- 3 -
Gather Round Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,900,842 
1,944,711 
Current assets
Debtors
(15,727)
357 
Cash at bank and in hand
26,151 
26,035 
10,424 
26,392 
Creditors: amounts falling due within one year
(142,572)
(165,666)
Net current liabilities
(132,148)
(139,274)
Total assets less current liabilities
1,768,694 
1,805,437 
Creditors: amounts falling due after more than one year
(1,540,019)
(1,565,799)
Net assets
228,675 
239,638 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
449,000 
449,000 
Profit and loss account
(220,425)
(209,462)
Shareholders' funds
228,675 
239,638 
For the year ending 31 May 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by
Jason Smith Director Company Registration No. 11353397
- 4 -
Gather Round Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Gather Round Ltd is a private company, limited by shares, registered in England and Wales, registration number 11353397. The registered office is Cigar Factory, 127-131 Raleigh Rd, Bristol, BS3 1QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The freehold properties/investment properties are recognised at fair value and were valued by the directors at the year end. The valuation is based on an open market value and the directors deem this an appropriate valuation based on their professional expertise and experience.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25
Fixtures & fittings
25
Computer equipment
25
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
2,002,295 
39,553 
1,788 
2,043,636 
Additions
- 
833 
792 
1,625 
At 31 May 2023
2,002,295 
40,386 
2,580 
2,045,261 
Depreciation
At 1 June 2022
79,907 
17,859 
1,159 
98,925 
Charge for the year
36,435 
8,639 
420 
45,494 
At 31 May 2023
116,342 
26,498 
1,579 
144,419 
Net book value
At 31 May 2023
1,885,953 
13,888 
1,001 
1,900,842 
At 31 May 2022
1,922,388 
21,694 
629 
1,944,711 
- 5 -
Gather Round Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
865 
357 
Other debtors
(42,426)
- 
(41,561)
357 
Amounts falling due after more than one year
Other debtors
25,834 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,750 
4,232 
Trade creditors
9,829 
10,237 
Taxes and social security
8 
7,544 
Other creditors
76,404 
4,325 
Loans from directors
47,581 
131,444 
Accruals
- 
7,884 
142,572 
165,666 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
586,089 
617,843 
Loans from directors
953,930 
947,956 
1,540,019 
1,565,799 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -