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REGISTERED NUMBER: 05612948 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 January 2025

for

The House of the Tailor of Gloucester
Limited

The House of the Tailor of Gloucester
Limited (Registered number: 05612948)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The House of the Tailor of Gloucester
Limited

Company Information
For The Year Ended 31 January 2025







DIRECTORS: R V Morris
P S James
C J Hill
J M Norville
I W Taylor
J Rundle



SECRETARY: R V Morris



REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN



REGISTERED NUMBER: 05612948 (England and Wales)



ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN



SOLICITORS: Madge Lloyd Gibson
22-24 Church Road
Newent
Gloucestershire
GL18 1PP

The House of the Tailor of Gloucester
Limited (Registered number: 05612948)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 151,763 151,763
Investments 5 11,551 11,551
163,314 163,314

CURRENT ASSETS
Debtors 6 14,500 11,619
Cash at bank 59,920 57,477
74,420 69,096
CREDITORS
Amounts falling due within one year 7 1,475 1,317
NET CURRENT ASSETS 72,945 67,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,259

231,093

CAPITAL AND RESERVES
Called up share capital 196,304 196,304
Retained earnings 39,955 34,789
SHAREHOLDERS' FUNDS 236,259 231,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:




C J Hill - Director


The House of the Tailor of Gloucester
Limited (Registered number: 05612948)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

The House of the Tailor of Gloucester Limited is a private company, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company was formerly registered as The House of the Tailor of Gloucester PLC up until the 9th January 2019, when it was re-registered as a Limited private company.

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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and Fittings - 20% on cost

The freehold property is included under property, plant and equipment and valued using the cost model as it is rented out to the company's subsidiary undertaking The Tailor of Gloucester Limited. The property is shown as a tangible fixed asset, and has not been depreciated as the discounted value of the historic property in 50 years time would be more than its original cost.

At each reporting date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

The House of the Tailor of Gloucester
Limited (Registered number: 05612948)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The House of the Tailor of Gloucester
Limited (Registered number: 05612948)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 151,763 2,198 153,961
DEPRECIATION
At 1 February 2024
and 31 January 2025 - 2,198 2,198
NET BOOK VALUE
At 31 January 2025 151,763 - 151,763
At 31 January 2024 151,763 - 151,763

5. FIXED ASSET INVESTMENTS

31.1.25 31.1.24
£    £   
Shares in group undertakings 1 1
Other investments not loans 11,550 11,550
11,551 11,551

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 1
NET BOOK VALUE
At 31 January 2025 1
At 31 January 2024 1

Investments (neither listed nor unlisted) were as follows:
31.1.25 31.1.24
£    £   
Other Investments 11,550 11,550

The House of the Tailor of Gloucester
Limited (Registered number: 05612948)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Amounts owed by group undertakings 12,850 9,969
Other debtors 1,650 1,650
14,500 11,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Taxation and social security 320 317
Other creditors 1,155 1,000
1,475 1,317

8. ULTIMATE CONTROLLING PARTY

There is no individual ultimate controlling party.