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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
Page
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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
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Gather Round Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,994,278 
1,900,842 
Current assets
Debtors
77,037 
(15,727)
Cash at bank and in hand
11,092 
26,151 
88,129 
10,424 
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 
Capital and reserves
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
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Gather Round Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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.
Presentation currency
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:
Plant & machinery
25
Fixtures & fittings
25
Computer equipment
25
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 
Additions
- 
- 
575 
575 
Revaluations
138,500 
- 
- 
138,500 
At 31 May 2024
2,140,795 
40,386 
3,155 
2,184,336 
Depreciation
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 
Net book value
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 
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Gather Round Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,658 
865 
Other debtors
9,545 
(42,426)
51,203 
(41,561)
Amounts falling due after more than one year
Other debtors
25,834 
25,834 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,798 
8,750 
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 
36,302 
142,572 
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 
Accruals
51,357 
- 
1,714,537 
1,540,019 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors loan 1
- 
8,693 
8,693 
- 
Directors loan 2
- 
8,253 
8,253 
- 
- 
16,946 
16,946 
- 
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).
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