Amberley Museum (Retail) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01995781 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

AMBERLEY MUSEUM (RETAIL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Jones

K Burton

REGISTERED OFFICE:

New Barn Road

Amberley

Arundel

West Sussex

BN18 9LT

REGISTERED NUMBER:

01995781 (England and Wales)

AUDITORS:

Parkers

Chartered Accountants and Statutory Auditors

178-180 Church Road

Hove, East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

5

41,760

44,144

CURRENT ASSETS

Stocks

16,542

10,095

Debtors

6

-

51

Cash at bank and in hand

11,646

54,548

28,188

64,694

CREDITORS

Amounts falling due within one year

7

32,585

59,585

NET CURRENT (LIABILITIES)/ASSETS

(4,397

)

5,109

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,363

49,253

CREDITORS

Amounts falling due after more than one
year

8

4,813

14,167

NET ASSETS

32,550

35,086

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

9

32,548

35,084

SHAREHOLDERS' FUNDS

32,550

35,086

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 24th June 2025 and were signed on its behalf by:

K Burton - Director

1.	STATUTORY INFORMATION

Amberley Museum (Retail) 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.

Significant judgements and estimates

No significant judgements have had to be made by the directors in preparing these financial statements other than those detailed above in relation to the going concern status of the company.

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.

Long leasehold

-

2% on cost

Fixtures and fittings

-

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

Fees payable to the company's auditors for the audit of the
company's financial statements

2,950

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

COST

At 1st January 2024

and 31st December 2024

54,057

167,664

221,721

DEPRECIATION

At 1st January 2024

15,125

162,452

177,577

Charge for year

1,081

1,303

2,384

At 31st December 2024

16,206

163,755

179,961

NET BOOK VALUE

At 31st December 2024

37,851

3,909

41,760

At 31st December 2023

38,932

5,212

44,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

51

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,000

Trade creditors

6,842

5,209

Amounts owed to group undertakings

4,378

16,723

Social security and other taxes

2,171

2,152

VAT

7,694

24,001

Accruals and deferred income

1,500

32,585

59,585

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

4,813

10,000

Bank loans - 2-5 years

-

4,167

4,813

14,167

9.

RESERVES

Retained

earnings

£

At 1st January 2024

35,084

Deficit for the year

(2,536

)

At 31st December 2024

32,548

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Annette Watson PhD BSc FCA (Senior Statutory Auditor)

for and on behalf of Parkers

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The controlling party is Amberley Museum and Heritage Centre.

Amberley Museum and Heritage Centre's registered office and principal place of business is New Barn Road, Amberley, West Sussex.