Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falseMuseums activities2024-01-01true45trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06461708 2024-01-01 2024-09-30 06461708 2024-09-30 06461708 2023-01-01 2023-12-31 06461708 2023-12-31 06461708 c:Director1 2024-01-01 2024-09-30 06461708 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-09-30 06461708 d:Buildings d:ShortLeaseholdAssets 2024-09-30 06461708 d:Buildings d:ShortLeaseholdAssets 2023-12-31 06461708 d:PlantMachinery 2024-01-01 2024-09-30 06461708 d:PlantMachinery 2024-09-30 06461708 d:PlantMachinery 2023-12-31 06461708 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-09-30 06461708 d:OwnedOrFreeholdAssets 2024-01-01 2024-09-30 06461708 d:CurrentFinancialInstruments 2024-09-30 06461708 d:CurrentFinancialInstruments 2023-12-31 06461708 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06461708 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06461708 d:ShareCapital 2024-09-30 06461708 d:ShareCapital 2023-12-31 06461708 d:RetainedEarningsAccumulatedLosses 2024-09-30 06461708 d:RetainedEarningsAccumulatedLosses 2023-12-31 06461708 c:OrdinaryShareClass1 2024-01-01 2024-09-30 06461708 c:OrdinaryShareClass1 2024-09-30 06461708 c:OrdinaryShareClass1 2023-12-31 06461708 c:FRS102 2024-01-01 2024-09-30 06461708 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-09-30 06461708 c:FullAccounts 2024-01-01 2024-09-30 06461708 c:PrivateLimitedCompanyLtd 2024-01-01 2024-09-30 06461708 2 2024-01-01 2024-09-30 06461708 e:PoundSterling 2024-01-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06461708


GUARDS MUSEUM ENTERPRISES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
GUARDS MUSEUM ENTERPRISES LIMITED
REGISTERED NUMBER: 06461708

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
31 December
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,693
15,544

  
13,693
15,544

Current assets
  

Stocks
 5 
1,996
3,212

Debtors: amounts falling due within one year
 6 
79,587
91,580

Cash at bank and in hand
  
96,325
36,329

  
177,908
131,121

Creditors: amounts falling due within one year
 7 
(196,182)
(151,245)

Net current liabilities
  
 
 
(18,274)
 
 
(20,124)

Total assets less current liabilities
  
(4,581)
(4,580)

  

Net liabilities
  
(4,581)
(4,580)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(4,582)
(4,581)

  
(4,581)
(4,580)


Page 1

 
GUARDS MUSEUM ENTERPRISES LIMITED
REGISTERED NUMBER: 06461708
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
K West
Director

Date: 18 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GUARDS MUSEUM ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Guards Museum Enterprises Limited is a private company (registration number 06461708), limited by shares, registered in England and Wales. The company's registered office address is The Curator, Wellington Barracks, Birdcage Walk, London, SW1E 6HQ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
GUARDS MUSEUM ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
GUARDS MUSEUM ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.


3.


Employees

The average monthly number of employees, including directors, during the Period was 4 (2023 - 5).

Page 5

 
GUARDS MUSEUM ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2024
10,512
45,506
56,018


Additions
1,105
2,388
3,493


Disposals
-
(11,083)
(11,083)



At 30 September 2024

11,617
36,811
48,428



Depreciation


At 1 January 2024
4,325
36,149
40,474


Charge for the Period on owned assets
2,350
2,073
4,423


Disposals
-
(10,162)
(10,162)



At 30 September 2024

6,675
28,060
34,735



Net book value



At 30 September 2024
4,942
8,751
13,693



At 31 December 2023
6,187
9,357
15,544

Page 6

 
GUARDS MUSEUM ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Stocks

30 September
31 December
2024
2023
£
£

Finished goods and goods for resale
1,996
3,212

1,996
3,212



6.


Debtors

30 September
31 December
2024
2023
£
£


Other debtors
495
4,473

Prepayments and accrued income
79,092
87,107

79,587
91,580



7.


Creditors: Amounts falling due within one year

30 September
31 December
2024
2023
£
£

Trade creditors
4,879
6,317

Amounts owed to group undertakings
122,152
110,492

Other taxation and social security
67,026
31,737

Accruals and deferred income
2,125
2,699

196,182
151,245


Page 7

 
GUARDS MUSEUM ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Share capital

30 September
31 December
2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

The company have taken advantage of the exemption under FRS102 section 33 paragraph 1a and
therefore have not reported the related party transactions or balances of companies within the group.


10.


Controlling party

The ultimate controlling party are the trustees of the parent company, The Guards Museum Trust. 

 
Page 8