REGISTERED NUMBER: 02172243 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Imogen Paine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs I M Paine

REGISTERED OFFICE:

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

REGISTERED NUMBER:

02172243 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Tangible assets

4

41,014

25,465

CURRENT ASSETS

Stocks

355,071

351,930

Debtors

5

29,652

34,634

Cash at bank

60,619

39,983

445,342

426,547

CREDITORS

Amounts falling due within one year

6

56,871

15,536

NET CURRENT ASSETS

388,471

411,011

TOTAL ASSETS LESS CURRENT LIABILITIES

429,485

436,476

CREDITORS

Amounts falling due after more than one year

7

(14,322

)

(14,369

)

PROVISIONS FOR LIABILITIES

(6,617

)

(223

)

NET ASSETS

408,546

421,884

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

398,546

411,884

408,546

421,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 September 2025 and were signed by:

Mrs I M Paine - Director

1.	STATUTORY INFORMATION

Imogen Paine 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

19,233

68,544

1,331

89,108

Additions

23,752

3,285

605

27,642

At 31 March 2025

42,985

71,829

1,936

116,750

DEPRECIATION

At 1 April 2024

3,847

59,393

403

63,643

Charge for year

8,597

3,113

383

12,093

At 31 March 2025

12,444

62,506

786

75,736

NET BOOK VALUE

At 31 March 2025

30,541

9,323

1,150

41,014

At 31 March 2024

15,386

9,151

928

25,465

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27,107

17,520

Other debtors

2,545

17,114

29,652

34,634

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,911

11,200

Trade creditors

3,730

1,022

Taxation and social security

11,371

1,364

Other creditors

39,859

1,950

56,871

15,536

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

14,322

14,369

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2024 - £37,500) were paid to the director .

Included within creditors: amounts falling due within one year is a director's loan account in the sum of £37,909 (2024: £14,588 debtor) which has been provided by a director. The account is unsecured, interest free and carries no fixed date of repayment.

Included in professional fees are payments made to a close family member of the director, in the sum of £9,200 (2024: £2,500). The balance outstanding at the year end was £nil (2024: £nil). In the director's opinion these transactions were carried out on an arm's length basis.