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Company Registration No. 07870731 (England and Wales)
Troubadour Goods Limited Unaudited accounts for the year ended 31 December 2024
Troubadour Goods Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Troubadour Goods Limited Company Information for the year ended 31 December 2024
Directors
Samuel Bail Abel Samet Berne Berry Paul Meyerowitz
Company Number
07870731 (England and Wales)
Registered Office
483 Green Lanes London N13 4BS
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Troubadour Goods Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
16,933 
193,195 
Tangible assets
5
14,377 
32,987 
31,310 
226,182 
Current assets
Inventories
6
1,892,655 
1,532,804 
Debtors
7
601,559 
925,596 
Cash at bank and in hand
1,248,338 
947,507 
3,742,552 
3,405,907 
Creditors: amounts falling due within one year
8
(1,442,851)
(698,966)
Net current assets
2,299,701 
2,706,941 
Total assets less current liabilities
2,331,011 
2,933,123 
Creditors: amounts falling due after more than one year
9
(375,000)
(688,177)
Net assets
1,956,011 
2,244,946 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
7,526,736 
6,552,397 
Profit and loss account
(5,571,725)
(4,308,451)
Shareholders' funds
1,956,011 
2,244,946 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2025 and were signed on its behalf by
Abel Samet Director Company Registration No. 07870731
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Troubadour Goods Limited is a private company, limited by shares, registered in England and Wales, registration number 07870731. The registered office is 483 Green Lanes, London, N13 4BS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company's financial statements for the period ended 31st December 2023 have been prepared on a going concern basis as after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
360,330 
Revaluations
(330,220)
At 31 December 2024
30,110 
Amortisation
At 1 January 2024
167,135 
Other increase/(decrease)
(153,958)
At 31 December 2024
13,177 
Net book value
At 31 December 2024
16,933 
At 31 December 2023
193,195 
An impairment review was conducted on Intangible assets, and as a result all Intangible Assets relating to Research & Development have been fully amortised.
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
56,784 
33,152 
89,936 
Additions
- 
6,966 
6,966 
Revaluations
(5,669)
- 
(5,669)
At 31 December 2024
51,115 
40,118 
91,233 
Depreciation
At 1 January 2024
41,238 
15,711 
56,949 
Charge for the year
4,208 
10,030 
14,238 
Surplus on revaluation
5,669 
- 
5,669 
At 31 December 2024
51,115 
25,741 
76,856 
Net book value
At 31 December 2024
- 
14,377 
14,377 
At 31 December 2023
15,546 
17,441 
32,987 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
1,892,655 
1,532,804 
1,892,655 
1,532,804 
A Stock write-down of £501,901 was incurred during the year.
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
355,152 
412,872 
Accrued income and prepayments
193,628 
325,039 
Other debtors
- 
187,685 
548,780 
925,596 
Amounts falling due after more than one year
Accrued income and prepayments
52,779 
- 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
29,850 
5,000 
VAT
29,600 
26,417 
Trade creditors
908,349 
111,918 
Taxes and social security
15,147 
6,981 
Other creditors
458,574 
510,861 
Accruals
1,331 
37,789 
1,442,851 
698,966 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
32,083 
Other creditors
375,000 
656,094 
375,000 
688,177 
10
Average number of employees
During the year the average number of employees was 12 (2023: 9).
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