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REGISTERED NUMBER: 12626280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE GILCHRIST COLLECTION LTD

THE GILCHRIST COLLECTION LTD (Registered number: 12626280)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE GILCHRIST COLLECTION LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Guy





SECRETARY: S Guy





REGISTERED OFFICE: Fairway House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 12626280 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

THE GILCHRIST COLLECTION LTD (Registered number: 12626280)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 879 1,172
Investments 5 501 501
1,380 1,673

CURRENT ASSETS
Debtors 6 7,121,954 5,192,117
Cash at bank 24,495 29,170
7,146,449 5,221,287
CREDITORS
Amounts falling due within one year 7 1,860,012 2,342,671
NET CURRENT ASSETS 5,286,437 2,878,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,287,817

2,880,289

CREDITORS
Amounts falling due after more than one
year

8

6,137,916

3,082,764
NET LIABILITIES (850,099 ) (202,475 )

CAPITAL AND RESERVES
Called up share capital 201 1
Retained earnings (850,300 ) (202,476 )
(850,099 ) (202,475 )

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 director acknowledges his 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 GILCHRIST COLLECTION LTD (Registered number: 12626280)

Balance Sheet - 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 director and authorised for issue on 31 July 2024 and were signed by:





S A Gilchrist - Director


THE GILCHRIST COLLECTION LTD (Registered number: 12626280)

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

1. STATUTORY INFORMATION

THE GILCHRIST COLLECTION LTD 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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 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.

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 19 (2023 - 21 ) .

THE GILCHRIST COLLECTION LTD (Registered number: 12626280)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,172
DEPRECIATION
Charge for year 293
At 31 March 2024 293
NET BOOK VALUE
At 31 March 2024 879
At 31 March 2023 1,172

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 501
NET BOOK VALUE
At 31 March 2024 501
At 31 March 2023 501

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 140,371 419,121
Other debtors 695,759 343,045
836,130 762,166

Amounts falling due after more than one year:
Amounts owed by participating interests 6,285,824 4,429,951

Aggregate amounts 7,121,954 5,192,117

THE GILCHRIST COLLECTION LTD (Registered number: 12626280)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 51,515 1,509
Social security and other taxes 27,062 33,448
VAT 14,344 122,229
Other creditors 1,757,774 2,182,835
Accrued expenses 9,317 2,650
1,860,012 2,342,671

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to participating interests 5,160,143 2,082,764
Other creditors 977,773 1,000,000
6,137,916 3,082,764

9. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

During the year management charges are charged from associated companies on a commercial basis.

10. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is 'Gilchrist Holdings Ltd' company number 14268557.