The Old Market Assembly Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09684548

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,504		33,932

			22,504		33,932
CURRENT ASSETS
Stocks	5	11,740		11,740
Debtors	6	316,035		178,965
Cash at bank and in hand		152,986		232,364

		480,761		423,069
Creditors: Amounts Falling Due Within One Year	7	(200,170 )		(171,614 )

NET CURRENT ASSETS (LIABILITIES)			280,591		251,455

TOTAL ASSETS LESS CURRENT LIABILITIES			303,095		285,387

Creditors: Amounts Falling Due After More Than One Year	8		(623,263 )		(640,275 )

NET LIABILITIES			(320,168 )		(354,888 )

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			(320,368 )		(355,088 )

SHAREHOLDERS' FUNDS			(320,168)		(354,888)

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The Old Market Assembly Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Jeremy Kynaston

Director

30/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Old Market Assembly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09684548 . The registered office is 23 - 25 West Street, St. Philips, Bristol, BS2 0DF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	6 years straight line
Plant & Machinery	6 years straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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The Old Market Assembly Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2023: 29)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2024	355,643	130,438	486,081
Additions	530	766	1,296

As at 31 December 2024	356,173	131,204	487,377

Depreciation
As at 1 January 2024	342,625	109,524	452,149
Provided during the period	6,077	6,647	12,724

As at 31 December 2024	348,702	116,171	464,873

Net Book Value
As at 31 December 2024	7,471	15,033	22,504

As at 1 January 2024	13,018	20,914	33,932

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The Old Market Assembly Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Finished goods	11,740	11,740

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,623	7,784
Prepayments and accrued income	14,912	9,781
Other debtors	370	-
Amounts owed by group undertakings	299,130	161,400

	316,035	178,965

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	47,948	29,412
Corporation tax	16,007	3,802
Other taxes and social security	6,968	11,949
VAT	57,750	59,252
Other creditors	2,824	934
Deferred income	6,514	6,593
Accruals	62,159	59,672

	200,170	171,614

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to group undertakings	623,263	640,275

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

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The Old Market Assembly Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Related Party Transactions

Controlling party

The company is 100% owned by The Assemblies Ltd, a company in which the directors of The Old Market Assembly Ltd are also directors. The company was under their control throughout the period. At 31 December 2024 The Assemblies Ltd owed £299,130 (2023: £161,400) to The Old Market Assemby Ltd.

Transactions with related parties

The directors of The Old Market Assembly Ltd are also directors of Canteen West Ltd, The Harbourside (Bristol) Ltd, Harbourside Market Ltd and The Assemblies Ltd.

During the year The Old Market Assembly Ltd charged Canteen West Ltd £31,005 (2023: £10,518) and was charged £154,604 (2023: £139,428). At 31 December 2024 The Old Market Assembly Ltd owed £537,537 (2023: £543,938) to Canteen West Ltd.

During the year The Old Market Assembly Ltd charged The Harbourside (Bristol) Ltd £14,781 (2023: £15,144) and was charged £4,170 (2023: £3,071) by The Old Market Assembly Ltd. At 31 December 2024 £85,726 (2023: £96,337) was owed from The Old Market Assembly Ltd to The Harbourside (Bristol) Ltd.

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