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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STAGS HEAD ANTIQUES LIMITED

STAGS HEAD ANTIQUES LIMITED (REGISTERED NUMBER: 07870075)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STAGS HEAD ANTIQUES LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: S M Sly
C M Sly





REGISTERED OFFICE: Unit 1, St Stephens Court
15 - 17 St Stephens Road
Bournemouth
Dorset
BH2 6LA





REGISTERED NUMBER: 07870075 (England and Wales)






STAGS HEAD ANTIQUES LIMITED (REGISTERED NUMBER: 07870075)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
ASSETS

FIXED ASSETS
Tangible assets 4 3,145 5,661
Investment property 5 617,000 617,000
620,145 622,661

CURRENT ASSETS
Stocks 6 466,348 511,991
Debtors 7 23,000 20,104
Cash at bank and in hand 21,698 33,122
511,046 565,217
1,131,191 1,187,878

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 8 52,000 52,000
Fair value reserve 9 14,021 14,021
Retained earnings 490,338 477,467
SHAREHOLDERS' FUNDS 556,359 543,488

PROVISIONS FOR LIABILITIES 6,909 7,467

CREDITORS 10 567,923 636,923
1,131,191 1,187,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





S M Sly - Director


STAGS HEAD ANTIQUES LIMITED (REGISTERED NUMBER: 07870075)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Stags Head Antiques 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 represents the sales value of antiques, 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.
Fixtures and fittings - 33% on cost
Computer and office equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

STAGS HEAD ANTIQUES LIMITED (REGISTERED NUMBER: 07870075)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Computer
Fixtures and
and office
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 17,008 21,861 38,869
DEPRECIATION
At 1 January 2024 17,008 16,200 33,208
Charge for year - 2,516 2,516
At 31 December 2024 17,008 18,716 35,724
NET BOOK VALUE
At 31 December 2024 - 3,145 3,145
At 31 December 2023 - 5,661 5,661

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 617,000
NET BOOK VALUE
At 31 December 2024 617,000
At 31 December 2023 617,000

6. STOCKS
2024 2023
£    £   
Goods for sale 466,348 511,991

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,500 7,440
Other debtors 18,500 12,664
23,000 20,104

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
52,000 Ordinary £1.00 52,000 52,000

STAGS HEAD ANTIQUES LIMITED (REGISTERED NUMBER: 07870075)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

9. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 14,021

10. CREDITORS
2024 2023
£    £   
Amounts falling due within one year:
Bank loans and overdrafts 5,556 5,557
Trade creditors 19,387 9,111
Taxation and social security 4,793 3,328
Other creditors 40,414 48,599
70,150 66,595

Amounts falling due after more than one year:
Bank loans 406,855 412,411
Other creditors 90,918 157,917
497,773 570,328

Aggregate amounts 567,923 636,923

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans over 5 years due by non-installment 382,319 382,319

Repayable by instalments
Bank loans more 5 yr by instal 2,314 18,981