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REGISTERED NUMBER: 01585771


















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cadogan Gallery Ltd

Cadogan Gallery Ltd (Registered number: 01585771)






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




Page

Company Information 1

Report of the Directors 0

Abridged Profit and Loss Account 0

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cadogan Gallery Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Burness
C Burness





REGISTERED OFFICE: 7-9 Harriet Street
London
SW1X 9JS





REGISTERED NUMBER: 01585771





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Cadogan Gallery Ltd (Registered number: 01585771)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 400,421 28,128
Investments 6 124,616 25,795
525,037 53,923

CURRENT ASSETS
Stocks 102,891 33,466
Debtors 7 588,500 380,243
Cash at bank 285,028 362,376
976,419 776,085
CREDITORS
Amounts falling due within one year 8 906,941 504,982
NET CURRENT ASSETS 69,478 271,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,515

325,026

CREDITORS
Amounts falling due after more than one
year

9

246,995

74,544
NET ASSETS 347,520 250,482

CAPITAL AND RESERVES
Called up share capital 11,800 11,800
Capital redemption reserve 2,800 2,800
Retained earnings 332,920 235,882
347,520 250,482

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.

Cadogan Gallery Ltd (Registered number: 01585771)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





C Burness - Director


Cadogan Gallery Ltd (Registered number: 01585771)

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

1. STATUTORY INFORMATION

Cadogan Gallery Ltd is a private company, limited by shares , registered in Not specified/Other. 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 from the sale of artwork is recognised when the following criteria are met:

- The Gallery has transferred the significant risks and rewards of ownership to the buyer,
- The amount of revenue can be reliably measured,
- It is probable that the economic benefits associated with the transaction will flow to the Gallery.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

Cadogan Gallery Ltd (Registered number: 01585771)

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

2. ACCOUNTING POLICIES - continued

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.

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 32,499
AMORTISATION
At 1 January 2024
and 31 December 2024 32,499
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 65,578
Additions 397,026
At 31 December 2024 462,604
DEPRECIATION
At 1 January 2024 37,450
Charge for year 24,733
At 31 December 2024 62,183
NET BOOK VALUE
At 31 December 2024 400,421
At 31 December 2023 28,128

Cadogan Gallery Ltd (Registered number: 01585771)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 25,795
Additions 98,821
At 31 December 2024 124,616
NET BOOK VALUE
At 31 December 2024 124,616
At 31 December 2023 25,795

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 156,496 25,725
Amounts owed by group undertakings - 98,821
Other debtors 432,004 255,697
588,500 380,243

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 76,130 49,934
Hire purchase contracts 1,431 2,450
Trade creditors 410,878 304,299
Taxation and social security 29,129 85,205
Other creditors 389,373 63,094
906,941 504,982

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 1,431
Other creditors 246,995 73,113
246,995 74,544

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 227,913 -

Cadogan Gallery Ltd (Registered number: 01585771)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C Burness
Balance outstanding at start of year 159,721 274,213
Amounts advanced 104,087 109,908
Amounts repaid (187,629 ) (224,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,179 159,721

J Burness
Balance outstanding at start of year (28,615 ) (4,377 )
Amounts advanced 39,009 76,112
Amounts repaid (10,500 ) (100,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (106 ) (28,615 )