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REGISTERED NUMBER: 02710748 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CCA Galleries Limited

CCA Galleries Limited (Registered number: 02710748)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CCA Galleries Limited

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr L J P Trevellyan
Mrs G Duke
Mr L D Trevellyan



SECRETARY: Mr L J P Trevellyan



REGISTERED OFFICE: Estate Management Office
Greenhills Estate
Tilford Road, Tilford
Farnham
Surrey
GU10 2DZ



REGISTERED NUMBER: 02710748 (England and Wales)



AUDITORS: Cooper Dawn Jerrom Limited
Statutory Auditors and Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ



SOLICITORS: Wellers Law Group LLP
6 Bishopsmead Parade
East Horsley
Surrey
KT24 6SR

CCA Galleries Limited (Registered number: 02710748)

STATEMENT OF FINANCIAL POSITION
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 31,124 38,509
Investments 6 3,300,073 2,829,330
3,331,197 2,867,839

CURRENT ASSETS
Stocks 99,335 182,367
Debtors 7 547,093 332,708
Cash at bank and in hand 51,909 46,294
698,337 561,369
CREDITORS
Amounts falling due within one year 8 999,954 408,091
NET CURRENT (LIABILITIES)/ASSETS (301,617 ) 153,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,029,580

3,021,117

CAPITAL AND RESERVES
Called up share capital 1,668,500 1,668,500
Share premium 8,468 8,468
Retained earnings 1,352,612 1,344,149
SHAREHOLDERS' FUNDS 3,029,580 3,021,117

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 28 April 2025 and were signed on its behalf by:





Mr L J P Trevellyan - Director


CCA Galleries Limited (Registered number: 02710748)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

CCA Galleries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about CCA Galleries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Trevellyan Developments Limited, .

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance and Straight line over 3 years
Fixtures and fittings - 25% on reducing balance and Straight line over 25 years
Office equipment - 25% on reducing balance

Fixtures and fittings includes solar panels which have been treated as long life fixtures & fittings assets which are being depreciated over 25 years (equivalent to 4% straight line)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contribution payable are charged to the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

CCA Galleries Limited (Registered number: 02710748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 August 2023 417,671
Additions 2,974
At 31 July 2024 420,645
DEPRECIATION
At 1 August 2023 379,162
Charge for year 10,359
At 31 July 2024 389,521
NET BOOK VALUE
At 31 July 2024 31,124
At 31 July 2023 38,509

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 228,058 - 228,058
Valuation in 2017 (14,897 ) - (14,897 )
Valuation in 2018 217,962 - 217,962
Valuation in 2019 1,270,092 - 1,270,092
Valuation in 2020 387,533 - 387,533
Valuation in 2021 218,727 - 218,727
Valuation in 2023 (2,307,475 ) - (2,307,475 )
Cost - 420,645 420,645
- 420,645 420,645

6. FIXED ASSET INVESTMENTS

31.7.24 31.7.23
£    £   
Shares in group undertakings 100 100
Participating interests 84,250 34,000
Other investments not loans 3,215,723 2,795,230
3,300,073 2,829,330

CCA Galleries Limited (Registered number: 02710748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 August 2023 100 34,000 34,100
Additions - 50,250 50,250
At 31 July 2024 100 84,250 84,350
NET BOOK VALUE
At 31 July 2024 100 84,250 84,350
At 31 July 2023 100 34,000 34,100

Investments (neither listed nor unlisted) were as follows:
31.7.24 31.7.23
£    £   
Investment in Art Works & Art Hotel 3,215,723 2,795,230

The Art bus has been included at the Directors valuation of £470,000.

The Directors considered that an increase in the valuation from 45% to 50% of the retail price on investments in art works is justified based on the current market.
This gives an increase in value over the previous year's value of £187,000 based on the previous policy.

The Directors have revalued the Art Hotel based on the current proposals at £892,000.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 186,249 69,349
Amounts owed by group undertakings 111,136 203,766
Other debtors 249,708 59,593
547,093 332,708

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Payments on account 8,469 8,469
Trade creditors 54,597 57,291
Amounts owed to group undertakings 767,058 219,268
Taxation and social security 52,652 12,385
Other creditors 117,178 110,678
999,954 408,091

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Amos FCA (Senior Statutory Auditor)
for and on behalf of Cooper Dawn Jerrom Limited

CCA Galleries Limited (Registered number: 02710748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Trevellyan Developments Limited.

The ultimate controlling party is Mr L J P Trevellyan.

12. UNUSED COMMITED BANK FACILITIES

As at 31st July 2024 the company had access to the group's unused bank facilities amounting to £9,590,000 under a facility which is cross guaranteed between the holding company and fellow subsidiaries. In addition, group cash balances at 31st July 2024 were £1,660,357 making total funds available of £11,250,357.