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REGISTERED NUMBER: 01136232 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

ROWLEY GALLERY LIMITED(THE)

ROWLEY GALLERY LIMITED(THE) (REGISTERED NUMBER: 01136232)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROWLEY GALLERY LIMITED(THE)

Company Information
for the Year Ended 31 October 2023







DIRECTORS: C Hamer
Mrs S A Hamer





REGISTERED OFFICE: 115 Kensington Church Street
London
London
W8 7LN





REGISTERED NUMBER: 01136232 (England and Wales)

ROWLEY GALLERY LIMITED(THE) (REGISTERED NUMBER: 01136232)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 15,996 16,374
Debtors 5 22,505 22,649
Cash at bank 20,324 36,888
58,825 75,911
CREDITORS
Amounts falling due within one year 6 42,165 20,404
NET CURRENT ASSETS 16,660 55,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,660

55,507

CAPITAL AND RESERVES
Called up share capital 7 17,000 17,000
Retained earnings 8 (340 ) 38,507
SHAREHOLDERS' FUNDS 16,660 55,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





C Hamer - Director


ROWLEY GALLERY LIMITED(THE) (REGISTERED NUMBER: 01136232)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Rowley Gallery Limited(The) 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.

Going concern
The accounts have been prepared on a going concern basis based on the directors' projections 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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. STOCKS
2023 2022
£    £   
Raw materials 2,000 2,000
Work-in-progress 13,996 14,374
15,996 16,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,464 18,299
Tax 4,208 -
Prepayments 9,833 4,350
22,505 22,649

ROWLEY GALLERY LIMITED(THE) (REGISTERED NUMBER: 01136232)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,149 -
Taxation and social security 10,282 14,534
Other creditors 9,734 5,870
42,165 20,404

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
17,000 Ordinary £1 17,000 17,000

8. RESERVES
Retained
earnings
£   

At 1 November 2022 38,507
Deficit for the year (32,747 )
Dividends (6,100 )
At 31 October 2023 (340 )