ACCOUNTS - Final Accounts preparation

Company registration number: 11692125

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	ROTHSTEIN & HELD LIMITED


ROTHSTEIN & HELD LIMITED

COMPANY INFORMATION

Directors	R Held
	A Rothstein


Registered number	11692125


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


ROTHSTEIN & HELD LIMITED REGISTERED NUMBER:11692125

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		-		543
			-		543
Current assets
Stocks		2,829,680		3,390,907
Debtors: amounts falling due within one year	5	394,113		27,871
Cash at bank and in hand		108		46,982
		3,223,901		3,465,760
Creditors: amounts falling due within one year	6	(766,074)		(693,939)
Net current assets			2,457,827		2,771,821
Total assets less current liabilities			2,457,827		2,772,364

Net assets			2,457,827		2,772,364

Capital and reserves
Called up share capital	1	1
Profit and loss account	2,457,826	2,772,363
	2,457,827	2,772,364

Page 1


ROTHSTEIN & HELD LIMITED REGISTERED NUMBER:11692125

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

R Held

Director

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

Page 2


ROTHSTEIN & HELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Rothstein & Held Limited is a private company, limited by shares, domiciled in England and Wales, registration
number 11692125. The registered office is displayed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated through sale in commercial art gallaries and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


ROTHSTEIN & HELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

	The Company has no employees other than the directors.

Page 4


ROTHSTEIN & HELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2024	4,041
	At 31 December 2024	4,041
	Depreciation
	At 1 January 2024	3,498
	Charge for the year on owned assets	543
	At 31 December 2024	4,041
	Net book value
	At 31 December 2024	-
	At 31 December 2023	543

Debtors

					2024	2023
					£	£


Other debtors	394,113	27,871
	394,113	27,871

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	-	58
Other loans	124,329	131,237
Trade creditors	16,918	29,351
Corporation tax	-	70,206
Other creditors	594,727	432,275
Accruals and deferred income	30,100	30,812
	766,074	693,939

Other loans totalling £124,329 (2023: £131,237) are secured on the assets of the company.

Page 5


ROTHSTEIN & HELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Related party transactions

As at the balance sheet date, within other creditors, there is a balance due of £318,116 (2023: £156,104) to companies with beneficial owners in common. Interest has been charged on the loan amounting to £15,652 in the year and the loan is repayable on demand.
Also within other creditors is a balance of £1,611 (2023: £1,171) owed to the directors. These loans have been provided interest free and are repayable on demand.

Page 6