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REGISTERED NUMBER: 04122840 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

STOCKBRIDGE GALLERY LIMITED
TRADING AS
THE WYKEHAM GALLERY

STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

STOCKBRIDGE GALLERY LIMITED
TRADING AS THE WYKEHAM GALLERY

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Mr J G M L Dodson
Mrs S E Dodson



SECRETARY: Mrs S E Dodson



REGISTERED OFFICE: 14 London Street
Andover
Hampshire
SP10 2PA



REGISTERED NUMBER: 04122840 (England and Wales)



ACCOUNTANTS: Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA



BANKERS: Lloyds TSB Bank plc
High Street
Winchester
Hampshire
SO23 9BU

STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,897 12,675
Investments 6 25,000 25,000
33,897 37,675

CURRENT ASSETS
Stocks 7 134,445 144,361
Debtors 8 23,092 9,125
Cash at bank and in hand 355,248 327,882
512,785 481,368
CREDITORS
Amounts falling due within one year 9 96,997 43,085
NET CURRENT ASSETS 415,788 438,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,685

475,958

PROVISIONS FOR LIABILITIES 10 2,216 2,400
NET ASSETS 447,469 473,558

STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

BALANCE SHEET - continued
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 950 950
Retained earnings 11 446,519 472,608
SHAREHOLDERS' FUNDS 447,469 473,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2025 and were signed on its behalf by:




Mr J G M L Dodson - Director



Mrs S E Dodson - Director


STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Stockbridge 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Office and computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 February 2024
and 28 February 2025 150,000
AMORTISATION
At 29 February 2024
and 28 February 2025 150,000
NET BOOK VALUE
At 28 February 2025 -
At 28 February 2024 -

STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

5. TANGIBLE FIXED ASSETS
Office
Improvements Fixtures and
to and computer
property fittings equipment Totals
£    £    £    £   
COST
At 29 February 2024 27,066 20,211 11,963 59,240
Additions - 529 - 529
At 28 February 2025 27,066 20,740 11,963 59,769
DEPRECIATION
At 29 February 2024 20,408 15,682 10,475 46,565
Charge for year 2,707 704 896 4,307
At 28 February 2025 23,115 16,386 11,371 50,872
NET BOOK VALUE
At 28 February 2025 3,951 4,354 592 8,897
At 28 February 2024 6,658 4,529 1,488 12,675

6. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 29 February 2024
and 28 February 2025 25,000
NET BOOK VALUE
At 28 February 2025 25,000
At 28 February 2024 25,000

7. STOCKS
2025 2024
£    £   
Stocks 134,445 144,361

STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 19,250 1,400
Prepayments and accrued income 3,842 7,725
23,092 9,125

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 224
Tax 27,417 6,740
Social security and other taxes 1,663 1,690
VAT 17,406 11,560
Other creditors 6,485 6,005
Directors' current accounts 32,269 2,833
Accruals and deferred income 11,757 14,033
96,997 43,085

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 2,216 2,400

Deferred
tax
£   
Balance at 29 February 2024 2,400
Movement in year (184 )
Balance at 28 February 2025 2,216

STOCKBRIDGE GALLERY LIMITED (REGISTERED NUMBER: 04122840)
TRADING AS THE WYKEHAM GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

11. RESERVES
Retained
earnings
£   

At 29 February 2024 472,608
Profit for the year 83,911
Dividends (110,000 )
At 28 February 2025 446,519

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STOCKBRIDGE GALLERY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stockbridge Gallery Limited for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stockbridge Gallery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stockbridge Gallery Limited and state those matters that we have agreed to state to the Board of Directors of Stockbridge Gallery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stockbridge Gallery Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stockbridge Gallery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stockbridge Gallery Limited. You consider that Stockbridge Gallery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stockbridge Gallery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA


19 July 2025