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REGISTERED NUMBER: 07095115 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Michael Sedler Antiques Limited

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Contents of the Financial Statements

for the Year Ended 30 June 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Michael Sedler Antiques Limited |

Company Information

for the Year Ended 30 June 2024

| DIRECTORS: | Mr Samuel Alexander Sedler

| Mr Michael Terence Sedler

| REGISTERED OFFICE: | Queen Street Chambers

| 68 Queen Street

| Sheffield

| South Yorkshire

| S1 1WR

| REGISTERED NUMBER: | 07095115 (England and Wales)

| BANKERS: | Natwest

| PO Box 120

| 42 High Street

| Sheffield

| South Yorkshire

| S1 2GE

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Balance Sheet

30 June 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 75 |  | 89 |  |

75 |  | 89 |  |

CURRENT ASSETS

Stocks | 895,000 |  | 920,000 |  |

Debtors | 6 | 367,182 |  | 307,494 |  |

Cash at bank | 653,667 |  | 580,237 |  |

1,915,849 |  | 1,807,731 |  |

CREDITORS

Amounts falling due within one year | 7 | (453,392 | ) | (396,599 | ) |

NET CURRENT ASSETS | 1,462,457 |  | 1,411,132 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,462,532 |  | 1,411,221 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Share premium | 99,800 |  | 99,800 |  |

Retained earnings | 1,361,732 |  | 1,310,421 |  |

1,462,532 |  | 1,411,221 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Balance Sheet - continued

30 June 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 16 September 2025 and were signed on its behalf by:

Mr Michael Terence Sedler - Director

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Notes to the Financial Statements

for the Year Ended 30 June 2024

1. | STATUTORY INFORMATION

| Michael Sedler 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 2010, is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on cost

| Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

| 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

| Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

| 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.

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2024

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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 2 (2023 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2023

| and 30 June 2024 | 500,000 |  |

| AMORTISATION

| At 1 July 2023

| and 30 June 2024 | 500,000 |  |

| NET BOOK VALUE

| At 30 June 2024 | - |  |

| At 30 June 2023 | - |  |

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2024

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2023

| and 30 June 2024 | 50,000 |  | 16,510 |  | 66,510 |  |

| DEPRECIATION

| At 1 July 2023 | 50,000 |  | 16,421 |  | 66,421 |  |

| Charge for year | - |  | 14 |  | 14 |  |

| At 30 June 2024 | 50,000 |  | 16,435 |  | 66,435 |  |

| NET BOOK VALUE

| At 30 June 2024 | - |  | 75 |  | 75 |  |

| At 30 June 2023 | - |  | 89 |  | 89 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 41,900 |  | 59,237 |  |

| Other debtors | 325,282 |  | 248,257 |  |

367,182 |  | 307,494 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 189,823 |  | 129,999 |  |

| Taxation and social security | 188,892 |  | 227,360 |  |

| Other creditors | 74,677 |  | 39,240 |  |

453,392 |  | 396,599 |  |

| Michael Sedler Antiques Limited (Registered number: 07095115) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2024

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 | 2023 |

£ | £ |

| Mr Samuel Alexander Sedler

| Balance outstanding at start of year | 164,894 |  | 111,750 |  |

| Amounts advanced | 181,224 |  | 191,168 |  |

| Amounts repaid | (163,213 | ) | (138,024 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 182,905 |  | 164,894 |  |

| Mr Michael Terence Sedler

| Balance outstanding at start of year | 22,587 |  | (32,527 | ) |

| Amounts advanced | 354,518 |  | 185,114 |  |

| Amounts repaid | (283,005 | ) | (130,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 94,100 |  | 22,587 |  |