2022-10-01 2023-09-30 09773923 The Collectors Choice Ltd. false 09773923 2022-10-01 2023-09-30 09773923 uk-bus:Director1 2022-10-01 2023-09-30 09773923 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09773923 uk-bus:SmallEntities 2022-10-01 2023-09-30 09773923 uk-bus:FullAccounts 2022-10-01 2023-09-30 09773923 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09773923 2022-10-01 09773923 2023-09-30 09773923 2022-09-30 xbrli:pure iso4217:GBP 09773923 2021-10-01 2022-09-30
Company Registration Number : 09773923 (England and Wales)
09773923
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-09-30
false
The Collectors Choice Ltd.
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-10-01
The Collectors Choice Ltd.
Unaudited filleted financial statements
For the year ended 30 September 2023
The Collectors Choice Ltd.
Contents
For the year ended 30 September 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


The Collectors Choice Ltd.
Company Information
For the year ended 30 September 2023

Company registration number 09773923 (England and Wales)
Directors Brian Albert Chiswell
Gerardo Zurbruegg
Registered office address Dns House
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
The Collectors Choice Ltd.
Statement of Financial Position
For the year ended 30 September 2023

2023 2022
Notes £ £
Fixed assets
Investment Property 2,500,125 3,417,248
6 2,500,125 3,417,248
Current assets
Debtors 1,596,947 1,742,825
Debtors: Amounts falling due after more than one year 26,130 -
Cash and cash equivalents 130 375
1,623,207 1,743,200
Current liabilities
Creditors: Amounts falling due within one year (222,197) (531,454)
(222,197) (531,454)
Net current assets/(liabilities) 1,401,010 1,211,746
Total assets less current liabilities 3,901,135 4,628,995
Non-current liabilities
Creditors: Amounts falling due after more than one year - (338,462)
Provision for liabilities (32,115) (35,523)
Net assets/(liabilities) 3,869,021 4,255,010
Capital and reserves
Called up share capital 3,740,597 3,388,359
Share Premium 319,362 988,414
Revaluation reserve 259,380 242,193
Retained earnings (450,318) (363,956)
Shareholders' funds 3,869,021 4,255,010
For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 September 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 30 August 2024
.............................
Brian Albert Chiswell (Director)
Company registration number: 09773923
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-09-30 30 September 2023
2023 2022
£ £
Fixed Assets 2,500,125 3,417,248
Current Assets 1,620,338 1,743,200
Prepayments and accrued income 2,869 0
Creditors: amounts falling due within one year (222,197) (531,454)
Net current assets (liabilities) 1,401,010 1,211,746
Total assets less current liabilities 3,901,135 4,628,995
CREDITORS: Amounts falling due more than one year 0 (338,462)
Provisions for liabilities (32,115) (35,523)
Net Assets (liabilities) 3,869,021 4,255,010
Capital and Reserves 3,869,021 4,255,010
For the year ending 30/09/2023 the company was entitled to exemption 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. For the year ending 30-09-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 30 August 2024 2024-08-30 and signed on behalf of the board,
.............................
Brian Albert Chiswell
Director
Company registration number: 09773923
The Collectors Choice Ltd.
Notes to the Financial Statements
For the year ended 30 September 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Dns House, 382 Kenton Road, Harrow, Middlesex, United Kingdom, HA3 8DP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Going concern
These financial statements have been prepared on a going­concern basis.
The going concern basis of accounting is appropriate but there are material uncertainties related to events or conditions that may cast significant doubt upon the company's ability to continue to adopt the going concern basis. The company's parent company, IA Capital Structures (Ireland plc, invests the net proceeds of loan notes from investors in the
ordinary shares of The Collectors Choices Ltd.

(4) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(5) Directors advances, credit and guarantees
At the year-end, the director owed £9,263 to the company, the balance was repaid on 30 June 2024.

(6) Fixed assets
Investments
Property
£
Cost
As at 01 October 20222,608,645
Revaluation(108,520)
As at 30 September 20232,500,125
Depreciation/Amortisation
As at 30 September 2023-
Net book value
As at 30 September 20232,500,125
As at 30 September 20222,608,645

(7) Investments
The investment comprises artwork. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 30th September 2023 by Opus Artis, who is not connected with the company. The valuation was made on an openMarket value basis by reference to market evidence of transaction prices for similar properties.