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REGISTERED NUMBER: 07946399 (England and Wales)















Winchcombe Antique Centre Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Winchcombe Antique Centre Limited (Registered number: 07946399)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Winchcombe Antique Centre Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr R Storer





SECRETARY: Mr R Storer





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 07946399 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Winchcombe Antique Centre Limited (Registered number: 07946399)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,603 1,597

CURRENT ASSETS
Stocks 3,649 10,718
Debtors 5 3,160 2,500
Cash at bank 7,459 3,123
14,268 16,341
CREDITORS
Amounts falling due within one year 6 47,118 24,919
NET CURRENT LIABILITIES (32,850 ) (8,578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,247

)

(6,981

)

CREDITORS
Amounts falling due after more than one
year

7

7,751

13,050
NET LIABILITIES (38,998 ) (20,031 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (38,999 ) (20,032 )
(38,998 ) (20,031 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Winchcombe Antique Centre Limited (Registered number: 07946399)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr R Storer - Director


Winchcombe Antique Centre Limited (Registered number: 07946399)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Winchcombe Antique 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.

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 directors believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs, for a minimum of twelve months from the date of approval of the financial statements.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Winchcombe Antique Centre Limited (Registered number: 07946399)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 9,558 1,077 10,635
Additions - 539 539
At 29 February 2024 9,558 1,616 11,174
DEPRECIATION
At 1 March 2023 8,770 268 9,038
Charge for year 197 336 533
At 29 February 2024 8,967 604 9,571
NET BOOK VALUE
At 29 February 2024 591 1,012 1,603
At 28 February 2023 788 809 1,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,160 2,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,800 5,800
Taxation and social security (102 ) -
Other creditors 41,420 19,119
47,118 24,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,751 13,050

Winchcombe Antique Centre Limited (Registered number: 07946399)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. RELATED PARTY DISCLOSURES

During the year the company was owed the sum of £2,500 (2023, £2,500) by London Antiques Centre Limited, a company under the common control of the director. The loan is interest free and repayable on demand.