Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-01-01falseNo description of principal activity11true 08142456 2023-01-01 2023-12-31 08142456 2022-01-01 2022-12-31 08142456 2023-12-31 08142456 2022-12-31 08142456 c:Director1 2023-01-01 2023-12-31 08142456 d:FurnitureFittings 2023-01-01 2023-12-31 08142456 d:FurnitureFittings 2023-12-31 08142456 d:FurnitureFittings 2022-12-31 08142456 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08142456 d:OfficeEquipment 2023-01-01 2023-12-31 08142456 d:OfficeEquipment 2023-12-31 08142456 d:OfficeEquipment 2022-12-31 08142456 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08142456 d:ComputerEquipment 2023-01-01 2023-12-31 08142456 d:ComputerEquipment 2023-12-31 08142456 d:ComputerEquipment 2022-12-31 08142456 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08142456 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08142456 d:CurrentFinancialInstruments 2023-12-31 08142456 d:CurrentFinancialInstruments 2022-12-31 08142456 d:Non-currentFinancialInstruments 2023-12-31 08142456 d:Non-currentFinancialInstruments 2022-12-31 08142456 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08142456 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08142456 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08142456 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08142456 d:ShareCapital 2023-12-31 08142456 d:ShareCapital 2022-12-31 08142456 d:RetainedEarningsAccumulatedLosses 2023-12-31 08142456 d:RetainedEarningsAccumulatedLosses 2022-12-31 08142456 c:FRS102 2023-01-01 2023-12-31 08142456 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08142456 c:FullAccounts 2023-01-01 2023-12-31 08142456 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08142456 d:EntityControlledByKeyManagementPersonnel1 2023-01-01 2023-12-31 08142456 d:EntityControlledByKeyManagementPersonnel1 2023-12-31 08142456 d:EntityControlledByKeyManagementPersonnel1 2022-12-31 iso4217:GBP xbrli:pure


















Stephane Clavreuil Rare Books Ltd























Unaudited

Financial statements



For the year ended 31 December 2023



Registered number: 08142456

 
Stephane Clavreuil Rare Books Ltd - Registered number:08142456


Statement of financial position
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
4,164
6,941

  
4,164
6,941

Current assets
  

Stocks
 5 
2,719,908
3,290,320

Debtors
 6 
1,302,931
1,164,943

Cash at bank
  
60,658
135,389

  
4,083,497
4,590,652

Creditors: amounts falling due within one year
 7 
(1,791,859)
(2,226,803)

Net current assets
  
 
 
2,291,638
 
 
2,363,849

Total assets less current liabilities
  
2,295,802
2,370,790

Creditors: amounts falling due after more than one year
 8 
(1,343,905)
(1,270,502)

  

Net assets
  
951,897
1,100,288


Capital and reserves
  

Share capital
  
10,000
10,000

Profit and loss account
  
941,897
1,090,288

  
951,897
1,100,288


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Page 1

 
Stephane Clavreuil Rare Books Ltd - Registered number:08142456


Statement of financial position (continued)
As at 31 December 2023


The financial statements 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director:





S Clavreuil
Director

Date: 24 September 2024

Page 2

 
Stephane Clavreuil Rare Books Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is a private company limited by shares and it was incorporated in England and Wales. Its company registration number is 08142456. The registered office of the company is 66, Lincoln's Inn Fields, London, WC2A 3LH. The principal place of business of the company is 94 Bond Street, London, W1S 1SJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
Stephane Clavreuil Rare Books Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Office equipment
-
20%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earings.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the purchase price. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of income and retained earnings.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.8

Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditor, and loans from related and other third parties.

Page 4

 
Stephane Clavreuil Rare Books Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 
Stephane Clavreuil Rare Books Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2023
10,462
15,197
14,880
40,539



At 31 December 2023

10,462
15,197
14,880
40,539



Depreciation


At 1 January 2023
10,016
11,633
11,949
33,598


Charge for the year
446
1,673
658
2,777



At 31 December 2023

10,462
13,306
12,607
36,375



Net book value



At 31 December 2023
-
1,891
2,273
4,164



At 31 December 2022
446
3,564
2,931
6,941


5.


Stocks

2023
2022
£
£

Goods for resale
2,719,908
3,290,320

2,719,908
3,290,320


Page 6

 
Stephane Clavreuil Rare Books Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,078,068
1,149,936

Other debtors
178,066
9,393

Prepayment
46,797
5,614

1,302,931
1,164,943



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank overdrafts & loans
93,485
87,526

Trade creditors
1,634,306
1,871,586

Corporation tax
40,718
37,459

Other creditors
2,660
219,277

Accruals
20,690
10,955

1,791,859
2,226,803



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
68,000
116,000

Other loans
1,275,905
1,154,502

1,343,905
1,270,502


The bank loan due later than five years is to be paid by monthly instalments and has an interest rate of 3.99%.

Page 7

 
Stephane Clavreuil Rare Books Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

9.


Director's advances, credits and guarantees

The following advances and credits to the director subsisted during the years ended 31 December 2023 and 31 December 2022:


2023
2022
£
£



Balance outstanding at start of the year
(205,596)
(548,308)

Amounts advanced
383,845
465,478

Amounts repaid
(8,588)
(122,766)

Balance outstanding at end of the year
169,661
(205,596)

This loan is repayable on demand and interest has been charged at the official HMRC interest rate.


Page 8