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Registration number: 00686178

The Camberley Stationers and Art Galleries Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 January 2025

 

The Camberley Stationers and Art Galleries Limited

(Registration number: 00686178)
Statement of Financial Position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

500,000

500,000

Other financial assets

5

63,157

59,661

 

563,157

559,661

Current assets

 

Debtors

6

851

1,081

Cash at bank and in hand

 

18,119

35,036

 

18,970

36,117

Creditors: Amounts falling due within one year

7

(2,640)

(29,107)

Net current assets

 

16,330

7,010

Total assets less current liabilities

 

579,487

566,671

Creditors: Amounts falling due after more than one year

7

(125,000)

(124,000)

Provisions for liabilities

(10,413)

(10,413)

Net assets

 

444,074

432,258

Capital and reserves

 

Called up share capital

20,000

20,000

Fair value reserve

198,964

195,704

Profit and loss account

225,110

216,554

Shareholders' funds

 

444,074

432,258

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and expenditure Statement.

Approved and authorised by the Board on 8 April 2025 and signed on its behalf by:
 

 

The Camberley Stationers and Art Galleries Limited

(Registration number: 00686178)
Statement of Financial Position as at 31 January 2025

.........................................
Mr S E Smith
Director

 

The Camberley Stationers and Art Galleries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

 

The Camberley Stationers and Art Galleries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income and expenditure statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2024

500,000

500,000

At 31 January 2025

500,000

500,000

Depreciation

Carrying amount

At 31 January 2025

500,000

500,000

At 31 January 2024

500,000

500,000

Included within the net book value of land and buildings above is £500,000 (2024 - £500,000) in respect of freehold land and buildings.
 

 

The Camberley Stationers and Art Galleries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 February 2024

59,661

59,661

Fair value adjustments

3,260

3,260

Additions

236

236

At 31 January 2025

63,157

63,157

Impairment

Carrying amount

At 31 January 2025

63,157

63,157

6

Debtors

2025
£

2024
£

Prepayments

851

1,081

851

1,081

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Accruals and deferred income

2,640

2,640

Other creditors

-

26,467

2,640

29,107

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Loans and borrowings

8

125,000

124,000

8

Loans and borrowings

Non-current loans and borrowings

 

The Camberley Stationers and Art Galleries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2025
£

2024
£

Other borrowings

125,000

124,000