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REGISTERED NUMBER: 07437639 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Station Mill Antiques Centre Limited

Station Mill Antiques Centre Limited (Registered number: 07437639)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Station Mill Antiques Centre Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs L A Langer
Mr S C Fisk





REGISTERED OFFICE: Pacioli House,
9 Brookfield, Duncan Close
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 07437639 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Station Mill Antiques Centre Limited (Registered number: 07437639)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,589 7,178
8,589 7,178

CURRENT ASSETS
Debtors 6 10,223 196,098
Cash at bank and in hand 279,282 60,564
289,505 256,662
CREDITORS
Amounts falling due within one year 7 78,612 61,753
NET CURRENT ASSETS 210,893 194,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,482

202,087

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 219,382 201,987
SHAREHOLDERS' FUNDS 219,482 202,087

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




Mrs L A Langer - Director


Station Mill Antiques Centre Limited (Registered number: 07437639)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Station Mill Antiques Centre 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 principal place of business is Station Mill Antiques Centre, Station Road, Chipping Norton, OX7 5HX.

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.

The financial statements presented in Sterling (£) and are made up to 31 March each year.

Turnover
Turnover is split into two distinct categories, the first is derived by 'unit' rentals accounted for on an accruals basis excluding discounts, rebates value added tax and other sales tax. The second element of turnover relates to a commission earned on each dealer sale at a rate of 5% excluding discounts, rebates, value added tax and other sales tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Station Mill Antiques Centre Limited (Registered number: 07437639)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 116,000
AMORTISATION
At 1 April 2023
and 31 March 2024 116,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 29,850
Additions 4,274
At 31 March 2024 34,124
DEPRECIATION
At 1 April 2023 22,672
Charge for year 2,863
At 31 March 2024 25,535
NET BOOK VALUE
At 31 March 2024 8,589
At 31 March 2023 7,178

Station Mill Antiques Centre Limited (Registered number: 07437639)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,067 5,947
Other debtors 156 190,151
10,223 196,098

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 627 433
Taxation and social security 24,515 21,317
Other creditors 53,470 40,003
78,612 61,753

8. FINANCIAL RISK MANAGEMENT

The company has some exposure to credit, liquidity and cash flow interest rate risks, These risks are limited by the company's financial management policies and practices described below.

Credit risk
The company has limited exposure to credit risks, good trading and a positive balance sheet means that credit is not difficult to come by. The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities, but as a business with positive cash flows, liquidity management is less of an issue.

Market risk
There is a market risk associated with the fluctuation in demand for antiques generally which in turn impact on the dealers, which then impacts on the rental income and commissions earned. Rental prices and commissions are regularly monitored to ensure that there is maximum number of dealers present at all times.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100