Company Registration No. 11353397 (England and Wales)
Gather Round Ltd
Unaudited accounts
for the year ended 31 May 2024
Gather Round Ltd
Unaudited accounts
Contents
Gather Round Ltd
Company Information
for the year ended 31 May 2024
Directors
Jason Smith
Ben Steers
Ian Hargrave
Company Number
11353397 (England and Wales)
Registered Office
Cigar Factory
127-131 Raleigh Rd
Bristol
BS3 1QU
Accountants
Harland Business Services Ltd
102 Hill View
Henleaze
Bristol
Avon
BS9 4QG
Gather Round Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
1,994,278
1,900,842
Cash at bank and in hand
11,092
26,151
Creditors: amounts falling due within one year
(36,302)
(142,572)
Net current assets/(liabilities)
51,827
(132,148)
Total assets less current liabilities
2,046,105
1,768,694
Creditors: amounts falling due after more than one year
(1,714,537)
(1,540,019)
Net assets
331,568
228,675
Called up share capital
100
100
Revaluation reserve
587,500
449,000
Profit and loss account
(256,032)
(220,425)
Shareholders' funds
331,568
228,675
For the year ending 31 May 2024 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
Jason Smith
Director
Company Registration No. 11353397
Gather Round Ltd
Notes to the Accounts
for the year ended 31 May 2024
Gather Round Ltd is a private company, limited by shares, registered in England and Wales, registration number 11353397. The registered office is Cigar Factory, 127-131 Raleigh Rd, Bristol, BS3 1QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The freehold properties/investment properties are recognised at fair value and were valued by the directors at the year end. The valuation is based on an open market value and the directors deem this an appropriate valuation based on their professional expertise and experience.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 June 2023
2,002,295
40,386
2,580
2,045,261
Revaluations
138,500
-
-
138,500
At 31 May 2024
2,140,795
40,386
3,155
2,184,336
At 1 June 2023
116,342
26,498
1,579
144,419
Charge for the year
36,436
8,639
564
45,639
At 31 May 2024
152,778
35,137
2,143
190,058
At 31 May 2024
1,988,017
5,249
1,012
1,994,278
At 31 May 2023
1,885,953
13,888
1,001
1,900,842
Gather Round Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
9,545
(42,426)
Amounts falling due after more than one year
Other debtors
25,834
25,834
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
35,921
9,829
Taxes and social security
(84)
8
Other creditors
(2,388)
76,404
Loans from directors
(6,945)
47,581
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
749,250
586,089
Loans from directors
913,930
953,930
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan 1
-
8,693
8,693
-
Directors loan 2
-
8,253
8,253
-
At year end there were directors loans totalling £16946.
These have been fully paid off in monthly payments between September 2024 and December 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 2).