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Registration number: 2216400

Giftbox Jewellers Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Giftbox Jewellers Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Giftbox Jewellers Limited

Company Information

Directors | G Warrior S Embury

Registered office | 3rd Floor Lawford House Albert Place London N3 1QA

Accountants | Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

Giftbox Jewellers Limited

(Registration number: 2216400)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 88 | 118
Investment properties | 5 | 2,000,000 | 2,100,000
|  | 2,000,088 | 2,100,118
Current assets |  |  |
Debtors | 6 | 229 | 181
Cash at bank and in hand |  | 4,127 | 10,978
|  | 4,356 | 11,159
Creditors: Amounts falling due within one year | 7 | (155,123) | (160,088)
Net current liabilities |  | (150,767) | (148,929)
Total assets less current liabilities |  | 1,849,321 | 1,951,189
Creditors: Amounts falling due after more than one year | 7 | (254,725) | (258,901)
Provisions for liabilities |  | (214,185) | (239,185)
Net assets |  | 1,380,411 | 1,453,103
Capital and reserves |  |  |
Called up share capital | 8 | 70,000 | 70,000
Profit and loss account |  | 1,310,411 | 1,383,103
Shareholders' funds |  | 1,380,411 | 1,453,103

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Giftbox Jewellers Limited

(Registration number: 2216400)
Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 11 October 2025 and signed on its behalf by:

......................................... G Warrior Director
......................................... S Embury Director

Giftbox Jewellers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

These financial statements were authorised for issue by the Board on 11 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Giftbox Jewellers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% on reducing balance

Investment properties

Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Profit and loss account in the period in which they arise.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Giftbox Jewellers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Giftbox Jewellers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 May 2024 | 496 | 496
At 30 April 2025 | 496 | 496
Depreciation
At 1 May 2024 | 378 | 378
Charge for the year | 30 | 30
At 30 April 2025 | 408 | 408
Carrying amount
At 30 April 2025 | 88 | 88
At 30 April 2024 | 118 | 118

5 | Investment properties

| 2025 £
At 1 May 2024 | 2,100,000
Fair value adjustments | (100,000)
At 30 April 2025 | 2,000,000

The investment properties were valued on a fair value basis on 30 April 2025 by the directors of the company.
If the investment properties had not been revalued, they would have been included at historical cost of £608,372 (2024 - £608,372).

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments and accrued income | 229 | 181
| 229 | 181

Giftbox Jewellers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts |  | 4,176 | 4,077
Taxation and social security |  | 15,210 | 14,443
Accruals and deferred income |  | 7,612 | 7,443
Other creditors |  | 128,125 | 134,125
|  | 155,123 | 160,088

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Bank loans |  | 254,725 | 258,901

| 2025 £ | 2024 £
Secured creditors |  |
Bank loans | 254,375 | 254,375

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 70,000 | 70,000 | 70,000 | 70,000

9 | Reserves

£1,177,443 of the company's reserves are not distributable as they arise out of unrealised gains from the revaluation of the investment properties. The distributable reserves amount to £132,968.

Giftbox Jewellers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

10 | Related party transactions

As at the balance sheet date, the company owed sums of £52,190 (2024 - £55,190) and £43,434 (2024 - £46,434) to Mr G Warrior and Mr S Embury, directors of the company, respectively.
The above sums owed are unsecured, interest free and repayable on demand.