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REGISTERED NUMBER: 13742720 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Megan Rooney Art Ltd

Megan Rooney Art Ltd (Registered number: 13742720)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Megan Rooney Art Ltd (Registered number: 13742720)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 54,265 53,096

Current assets
Debtors 5 322,393 11,145
Cash at bank 1,458,245 991,728
1,780,638 1,002,873
Creditors
Amounts falling due within one year 6 363,036 206,849
Net current assets 1,417,602 796,024
Total assets less current liabilities 1,471,867 849,120

Capital and reserves
Called up share capital 100 100
Retained earnings 1,471,767 849,020
1,471,867 849,120

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

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

The director acknowledges her 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.

Megan Rooney Art Ltd (Registered number: 13742720)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2025 and were signed by:





M Rooney - Director


Megan Rooney Art Ltd (Registered number: 13742720)

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

1. Statutory information

Megan Rooney Art Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13742720

Registered office: 7 Second Ave
Second Avenue
London
W3 7RX

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 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Megan Rooney Art Ltd (Registered number: 13742720)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 December 2023 18,243 43,183 61,426
Additions 6,300 11,057 17,357
Disposals (278 ) (3,570 ) (3,848 )
At 30 November 2024 24,265 50,670 74,935
Depreciation
At 1 December 2023 3,182 5,148 8,330
Charge for year 4,014 8,651 12,665
Eliminated on disposal (37 ) (288 ) (325 )
At 30 November 2024 7,159 13,511 20,670
Net book value
At 30 November 2024 17,106 37,159 54,265
At 30 November 2023 15,061 38,035 53,096

Megan Rooney Art Ltd (Registered number: 13742720)

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

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 155,580 -
Other debtors 5,364 2,593
Directors' current accounts 153,528 6,190
VAT - 460
Prepayments 7,921 1,902
322,393 11,145

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,433 3,631
Corporation tax 272,245 199,551
VAT 84,236 -
Other creditors 142 142
Accruals and deferred income 3,980 3,525
363,036 206,849

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
M Rooney
Balance outstanding at start of year 6,190 -
Amounts advanced 153,528 6,190
Amounts repaid (6,190 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153,528 6,190

Interest of £1,693 has been charged on these advances that were repaid in July 2025.

8. Ultimate controlling party

The ultimate controlling party is M Rooney.