Company No: 08083700 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	W H M Parente
	I Goodwin
	R J Brown

REGISTERED OFFICE	Portland Estate Office Cavendish House
	Welbeck
	Worksop
	S80 3LL
	United Kingdom

COMPANY NUMBER

08083700 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	121,461		119,273
		121,461		119,273
Current assets
Stocks		150,701		142,435
Debtors	4	42,377		40,695
Cash at bank and in hand		15,761		11,897
		208,839		195,027
Creditors: amounts falling due within one year	5	( 106,897)		( 73,541)
Net current assets		101,942		121,486
Total assets less current liabilities		223,403		240,759
Net assets		223,403		240,759
Capital and reserves
Called-up share capital		100,100		100,100
Profit and loss account		123,303		140,659
Total shareholders' funds		223,403		240,759

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Harley Gallery Trading Limited (registered number: 08083700) were approved and authorised for issue by the Board of Directors on 07 November 2025. They were signed on its behalf by:

I Goodwin Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harley Gallery Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Portland Estate Office Cavendish House, Welbeck, Worksop, S80 3LL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. This is the first year were the accounts have been prepared under FRS 102, with the previous accounts being prepared under FRS 105.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis at rates of 5% to 20% per annum.

Plant and machinery	20 years straight line
Fixtures and fittings	5 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the financial year, including directors	4		4

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	216,864		21,680		51,388		289,932
Additions	0		14,000		831		14,831
At 31 March 2025	216,864		35,680		52,219		304,763
Accumulated depreciation
At 01 April 2024	97,591		21,680		51,388		170,659
Charge for the financial year	10,843		1,745		55		12,643
At 31 March 2025	108,434		23,425		51,443		183,302
Net book value
At 31 March 2025	108,430		12,255		776		121,461
At 31 March 2024	119,273		0		0		119,273

4. Debtors

	2025		2024
	£		£
Trade debtors	35,600		29,570
Prepayments	6,777		11,125
	42,377		40,695

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	9,371		( 773)
Amounts owed to group undertakings	70,942		34,623
Accruals	14,200		15,438
Other taxation and social security	12,384		24,253
	106,897		73,541

6. Ultimate controlling party

Parent Company:

Harley Foundation

Portland Estate Office, Worksop Nottinghamshire S80 3LT

The Harley Foundation is a charity, which prepares consolidated financial statements under the charity's Trust Deed, the Charities Act 2011 and the Charities SORP (FRS 102)