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REGISTERED NUMBER: 03379116 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Kingscourt Galleries Limited

Kingscourt Galleries Limited (Registered number: 03379116)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kingscourt Galleries Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs J Joel





REGISTERED OFFICE: 949-953 Fulham Road
London
SW6 5HY





REGISTERED NUMBER: 03379116 (England and Wales)






Kingscourt Galleries Limited (Registered number: 03379116)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 39,260 47,507

CURRENT ASSETS
Stocks 550,720 572,380
Cash at bank 74,072 55,373
624,792 627,753
CREDITORS
Amounts falling due within one year 5 189,289 192,260
NET CURRENT ASSETS 435,503 435,493
TOTAL ASSETS LESS CURRENT LIABILITIES 474,763 483,000

CREDITORS
Amounts falling due after more than one
year

6

47,407

57,500
NET ASSETS 427,356 425,500

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 426,356 424,500
SHAREHOLDERS' FUNDS 427,356 425,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 22 July 2025 and were signed by:





Mrs J Joel - Director


Kingscourt Galleries Limited (Registered number: 03379116)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Kingscourt 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.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 36,238 22,438 45,371 104,047
DEPRECIATION
At 1 November 2023 7,248 22,314 26,978 56,540
Charge for year 3,624 25 4,598 8,247
At 31 October 2024 10,872 22,339 31,576 64,787
NET BOOK VALUE
At 31 October 2024 25,366 99 13,795 39,260
At 31 October 2023 28,990 124 18,393 47,507

Kingscourt Galleries Limited (Registered number: 03379116)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 62,150 59,171
Tax 713 3,606
Social security and other taxes 1,830 2,259
VAT 4,042 6,741
Other creditors 3,977 4,485
Directors' current accounts 98,608 103,121
Accruals and deferred income 17,969 12,877
189,289 192,260

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Other loans - 2-5 years 47,407 57,500

7. ULTIMATE CONTROLLING PARTY

The director, Mrs J Joel is the ultimate controlling party.