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REGISTERED NUMBER: 02391220 (England and Wales)















Cessation Financial Statements for the Year Ended 31 March 2024

for

Gloucester Salerooms (Brighton) Limited

Gloucester Salerooms (Brighton) Limited (Registered number: 02391220)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gloucester Salerooms (Brighton) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Breach
L P K Breach





SECRETARY: L P K Breach





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
West Sussex
RH17 5JF





REGISTERED NUMBER: 02391220 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Gloucester Salerooms (Brighton) Limited (Registered number: 02391220)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,231
- 1,231

CURRENT ASSETS
Debtors 6 50 8,393
Cash at bank 24,256 21,119
24,306 29,512
CREDITORS
Amounts falling due within one year 7 17,391 25,620
NET CURRENT ASSETS 6,915 3,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,915

5,123

CREDITORS
Amounts falling due after more than one
year

8

-

11,215
NET ASSETS/(LIABILITIES) 6,915 (6,092 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,815 (6,192 )
6,915 (6,092 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Gloucester Salerooms (Brighton) Limited (Registered number: 02391220)

Statement of Financial Position - continued
31 March 2024


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 27 August 2024 and were signed on its behalf by:





N Breach - Director


Gloucester Salerooms (Brighton) Limited (Registered number: 02391220)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gloucester Salerooms (Brighton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
The company ceased to trade on the 31 March 2024 with all the assets disposed off as off this date. The accounts record assets and liabilities at there recoverable amount as of the 31 March 2024 and the accounts are not prepared on a going concern basis.

Turnover
Revenue is measured at fair value of the consideration received or receivable net of value added tax.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Revenue from recharged expenses is recognised when the invoice for services has been rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 1989, has been fully amortised.

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
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected life as follows:

Plant and machinery15% on reducing balance
Fixtures, Fittings and equipment15% on reducing balance


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 statement of financial position date.


Gloucester Salerooms (Brighton) Limited (Registered number: 02391220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 48,000
Disposals (48,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 48,000
Eliminated on disposal (48,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Gloucester Salerooms (Brighton) Limited (Registered number: 02391220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 12,906 21,709 34,615
Disposals (12,906 ) (21,709 ) (34,615 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 12,483 20,901 33,384
Charge for year 423 808 1,231
Eliminated on disposal (12,906 ) (21,709 ) (34,615 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 423 808 1,231

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 489
Other debtors 50 7,904
50 8,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 16,124 4,786
Trade creditors - 16,757
Taxation and social security 931 2,120
Other creditors 336 1,957
17,391 25,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 11,215

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the year end, the company owed the directors £336 (2022: £336), the balance is unsecured and repayable on demand.