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REGISTERED NUMBER: 00417847 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ROYAL SELANGOR PEWTER (U K) LIMITED

ROYAL SELANGOR PEWTER (U K) LIMITED (REGISTERED NUMBER: 00417847)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROYAL SELANGOR PEWTER (U K) LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2024







DIRECTORS: Mr T Y Chen
Mr Y L Yong





REGISTERED OFFICE: 30 The Power Station, Ground Floor
Battersea Power Station, Turbine Hall
Circus Road South
London
SW11 8BU





REGISTERED NUMBER: 00417847 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ROYAL SELANGOR PEWTER (U K) LIMITED (REGISTERED NUMBER: 00417847)

BALANCE SHEET
30th June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 331,758 368,283
Investments 5 4 4
331,762 368,287

CURRENT ASSETS
Stocks 441,118 509,984
Debtors 6 144,475 166,146
Cash at bank and in hand 29,978 36,275
615,571 712,405
CREDITORS
Amounts falling due within one year 7 (3,839,524 ) (3,642,063 )
NET CURRENT LIABILITIES (3,223,953 ) (2,929,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,892,191

)

(2,561,371

)

CREDITORS
Amounts falling due after more than one
year

8

(13,908

)

(18,542

)
NET LIABILITIES (2,906,099 ) (2,579,913 )

CAPITAL AND RESERVES
Called up share capital 9 2,052,900 2,052,900
Retained earnings (4,958,999 ) (4,632,813 )
SHAREHOLDERS' FUNDS (2,906,099 ) (2,579,913 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

ROYAL SELANGOR PEWTER (U K) LIMITED (REGISTERED NUMBER: 00417847)

BALANCE SHEET - continued
30th June 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2025 and were signed on its behalf by:





Mr Y L Yong - Director


ROYAL SELANGOR PEWTER (U K) LIMITED (REGISTERED NUMBER: 00417847)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Royal Selangor Pewter (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 00417847. The address of the registered office is 30 The Power Station, Ground Floor, Battersea Power Station, Turbine Hall, Circus Road South, London, SW11 8BU and principal place of business is 261 King's Road, London, SW3 5EL.

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.

At the reporting date, the company's liabilities exceed its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the distribution and sale of pewter goods.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and fittings-12% straight line
Computer equipment-20% straight line
Improvements to property-10% straight line

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 profit and loss account, 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.

ROYAL SELANGOR PEWTER (U K) LIMITED (REGISTERED NUMBER: 00417847)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Pension costs and other post-retirement benefits
The company makes contributions to a pension scheme on behalf of the director and employees. Contributions payable to the 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 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 method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023 344,758 97,046 11,690 453,494
Additions 13,743 839 731 15,313
At 30th June 2024 358,501 97,885 12,421 468,807
DEPRECIATION
At 1st July 2023 32,321 41,200 11,690 85,211
Charge for year 43,095 8,596 147 51,838
At 30th June 2024 75,416 49,796 11,837 137,049
NET BOOK VALUE
At 30th June 2024 283,085 48,089 584 331,758
At 30th June 2023 312,437 55,846 - 368,283

ROYAL SELANGOR PEWTER (U K) LIMITED (REGISTERED NUMBER: 00417847)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st July 2023
and 30th June 2024 4
NET BOOK VALUE
At 30th June 2024 4
At 30th June 2023 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,699 57,225
Other debtors 122,776 108,921
144,475 166,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,625 10,625
Trade creditors 1,836,641 1,741,613
Taxation and social security 8,217 13,802
Other creditors 1,984,041 1,876,023
3,839,524 3,642,063

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,908 18,542

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
516,700 Ordinary £1.00 516,700 516,700
1,536,200 New Ordinary £1.00 1,536,200 1,536,200
2,052,900 2,052,900

10. OTHER FINANCIAL COMMITMENTS

At the year end the total operating lease commitments that are not shown on the balance sheet were £1,000,482 (2023 - £1,125,542).

11. RELATED PARTY DISCLOSURES

Included within Trade Creditors are amount owed to associated group companies for £1,519,022 (2023: £1,366,614). These loans are interest free and repayable on demand.