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REGISTERED NUMBER: 04810022 (England and Wales)











Financial Statements

for the Year Ended 30 September 2024

for

CAMPDEN GALLERY LIMITED

CAMPDEN GALLERY LIMITED (REGISTERED NUMBER: 04810022)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMPDEN GALLERY LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr R G Cohen





SECRETARY: Mrs C A Cohen





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 04810022 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

CAMPDEN GALLERY LIMITED (REGISTERED NUMBER: 04810022)

Balance Sheet
30 September 2024

30.9.24 30.9.23
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,078 7,470

CURRENT ASSETS
Debtors 5 7,983 21,069
Cash at bank - 43
7,983 21,112
CREDITORS
Amounts falling due within one year 6 98,146 74,109
NET CURRENT LIABILITIES (90,163 ) (52,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(84,085

)

(45,527

)

CREDITORS
Amounts falling due after more than one year 7 8,829 17,841
NET LIABILITIES (92,914 ) (63,368 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (93,014 ) (63,468 )
SHAREHOLDERS' FUNDS (92,914 ) (63,368 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAMPDEN GALLERY LIMITED (REGISTERED NUMBER: 04810022)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 7 May 2025 and were signed by:





Mr R G Cohen - Director


CAMPDEN GALLERY LIMITED (REGISTERED NUMBER: 04810022)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Campden Gallery 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. 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.

Turnover
Turnover represents commissions earned on sales of artwork, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on reducing balance
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CAMPDEN GALLERY LIMITED (REGISTERED NUMBER: 04810022)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 31,284 42,855 12,474 9,480 96,093
Disposals - - - (5,044 ) (5,044 )
At 30 September 2024 31,284 42,855 12,474 4,436 91,049
DEPRECIATION
At 1 October 2023 26,397 42,855 11,798 7,573 88,623
Charge for year 245 - 252 895 1,392
Eliminated on disposal - - - (5,044 ) (5,044 )
At 30 September 2024 26,642 42,855 12,050 3,424 84,971
NET BOOK VALUE
At 30 September 2024 4,642 - 424 1,012 6,078
At 30 September 2023 4,887 - 676 1,907 7,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Trade debtors - 4,450
Other debtors 6,500 6,500
Directors' current accounts - 8,909
Prepayments and accrued income 1,483 1,210
7,983 21,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Bank loans and overdrafts (see note 8) 31,725 36,543
Trade creditors 60,394 12,987
VAT 1,117 543
Other creditors 666 369
Directors' current accounts 145 -
Accrued expenses 4,099 23,667
98,146 74,109

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Bank loans (see note 8) 8,829 17,841

CAMPDEN GALLERY LIMITED (REGISTERED NUMBER: 04810022)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
as restated
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 20,746 18,497
Bank loans 10,979 18,046
31,725 36,543

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,829 10,429

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,412

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
as restated
£    £   
Bank loans 691 8,475

Loans totalling £691 (2023: £8,475) are secured by a fixed and floating charge on the company assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: as restated
£    £   
96 A Ordinary £1 96 96
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
100 100

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in creditors due within one year is £145 (2023 £8,909 payable) due and payable to the director. The amount is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R G Cohen.