REGISTERED NUMBER: 03004864 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Belgravia Gallery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A Hunter

Mrs L J Walford

REGISTERED OFFICE:

Fortune House

Knowle Lane

Cranleigh

Surrey

GU6 8JP

REGISTERED NUMBER:

03004864 (England and Wales)

FIXED ASSETS

Tangible assets

4

59,999

62,605

CURRENT ASSETS

Stocks

125,750

130,850

Cash at bank and in hand

129,447

101,242

255,197

232,092

CREDITORS

Amounts falling due within one year

5

78,632

32,889

NET CURRENT ASSETS

176,565

199,203

TOTAL ASSETS LESS CURRENT LIABILITIES

236,564

261,808

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

6

103,456

103,456

Retained earnings

133,098

158,342

SHAREHOLDERS' FUNDS

236,564

261,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mrs L J Walford - Director

1.	STATUTORY INFORMATION

Belgravia Gallery 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

-

2% on cost

Fixtures and fittings

-

15% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

and 30 April 2025

54,261

37,151

17,866

109,278

DEPRECIATION

At 1 May 2024

1,720

27,191

17,762

46,673

Charge for year

1,086

1,494

26

2,606

At 30 April 2025

2,806

28,685

17,788

49,279

NET BOOK VALUE

At 30 April 2025

51,455

8,466

78

59,999

At 30 April 2024

52,541

9,960

104

62,605

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

3,670

-

Tax

5,272

5,265

Social security and other taxes

851

727

VAT

3,119

1,177

Other creditors

18,000

18,000

Directors' current accounts

47,720

7,720

78,632

32,889

6.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

103,456

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties for the company are the directors, Mrs A Hunter and Mrs L Walford.