Company Registration No. 09475333 (England and Wales)
Hignell Gallery Limited
Unaudited accounts
for the year ended 31 December 2024
Hignell Gallery Limited
Unaudited accounts
Contents
Hignell Gallery Limited
Company Information
for the year ended 31 December 2024
Directors
Abby Hignell
Lord Waheed Alli
Company Number
09475333 (England and Wales)
Registered Office
Suite 105 8 Shepherd Market
Mayfair
London
W1J 7JY
United Kingdom
Accountants
Project H Limited Accountants
Beadle House
Bull Plain
Hertford
Hertfordshire
SG14 1DT
Hignell Gallery Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
231,725
335,336
Creditors: amounts falling due within one year
(258,565)
(198,551)
Net current assets
21,441
181,930
Called up share capital
100
100
Profit and loss account
21,341
181,830
Shareholders' funds
21,441
181,930
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 21 September 2025 and were signed on its behalf by
Abby Hignell
Director
Company Registration No. 09475333
Hignell Gallery Limited
Notes to the Accounts
for the year ended 31 December 2024
Hignell Gallery Limited is a private company, limited by shares, registered in England and Wales, registration number 09475333. The registered office is Suite 105 8 Shepherd Market, Mayfair, London, W1J 7JY, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
Deferred tax asset
-
28,838
Accrued income and prepayments
1,140
11,322
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
126,645
46,434
Taxes and social security
(6,056)
(7,860)
The Company operates a defined contribution pension scheme. There were contributions totalling £257 (2023: £257) outstanding at year end included within other creditors.
Hignell Gallery Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Transactions with related parties
At the year end, £108,333 (2023: £100,782) was owed to A Hignell, a director of the company, in relation to commission, included in accruals.
During the year, the company paid Silver Star Productions Ltd, a related party through mutual directorships, £23,204 (2023: £21,827) for staff and IT recharges, outstanding at the year end included in amounts owed to related parties was £7,228 (2023: £6,892).
The above amounts are interest free, unsecured and repayable on demand.
Hignell Gallery Limited is jointly controlled by Lord W Alli and A Hignell.
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).