Wimbledon Fine Art Limited
Unaudited Financial Statements
For the year ended 30 April 2025
Pages for Filing with Registrar
Company Registration No. 02440988 (England and Wales)
Wimbledon Fine Art Limited
Company Information
Director
A.J. Stoppani
Company number
02440988
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Wimbledon Fine Art Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Wimbledon Fine Art Limited
Balance Sheet
As at 30 April 2025
Page 1
2025
2024
Notes
£
£
£
£
Current assets
Stock
89,632
96,843
Debtors
3
11,264
1,218
Cash at bank and in hand
4,170
362
105,066
98,423
Creditors: amounts falling due within one year
4
(29,610)
(17,156)
Net current assets
75,456
81,267
Creditors: amounts falling due after more than one year
5
(833)
(10,833)
Net assets
74,623
70,434
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
74,621
70,432
Total equity
74,623
70,434

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Wimbledon Fine Art Limited
Balance Sheet (Continued)
As at 30 April 2025
Page 2
The financial statements were approved and signed by the director and authorised for issue on 20 December 2025
A.J. Stoppani
Director
Company Registration No. 02440988
Wimbledon Fine Art Limited
Notes to the Financial Statements
For the year ended 30 April 2025
Page 3
1
Accounting policies
Company information

Wimbledon Fine Art Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 Section 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock 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.

Wimbledon Fine Art Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 4
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Wimbledon Fine Art Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 5
1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,100
-
0
Corporation tax recoverable
-
0
500
Other debtors
1,579
718
Prepayments and accrued income
8,585
-
0
11,264
1,218
Wimbledon Fine Art Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 6
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
11,999
-
0
Corporation tax
982
-
0
Other taxation and social security
673
3,038
Other creditors
1,681
36
Accruals and deferred income
4,275
4,082
29,610
17,156
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
833
10,833

Bank loans above include an amount of £833 (2024: £10,833) repayable in May 2026. The loan is unsecured and incurs interest of 2.5% per annum.

There is a fixed and floating charge over all the assets of the company as security in respect of the director's loan to the company.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
7
Related party transactions

At year end, the amount due from the director was £350 (2024: £718).

8
Control

The company is controlled by A.J Stoppani, the director, through his shareholding in the company.

2025-04-30 2024-05-01 false false false 07 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity A.J. Stoppani 02440988 2024-05-01 2025-04-30 02440988 bus:Director1 2024-05-01 2025-04-30 02440988 bus:RegisteredOffice 2024-05-01 2025-04-30 02440988 2025-04-30 02440988 2024-04-30 02440988 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 02440988 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 02440988 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 02440988 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 02440988 core:ShareCapital 2025-04-30 02440988 core:ShareCapital 2024-04-30 02440988 core:RetainedEarningsAccumulatedLosses 2025-04-30 02440988 core:RetainedEarningsAccumulatedLosses 2024-04-30 02440988 core:ShareCapitalOrdinaryShareClass1 2025-04-30 02440988 core:ShareCapitalOrdinaryShareClass1 2024-04-30 02440988 2023-05-01 2024-04-30 02440988 core:CurrentFinancialInstruments 2025-04-30 02440988 core:CurrentFinancialInstruments 2024-04-30 02440988 core:Non-currentFinancialInstruments 2025-04-30 02440988 core:Non-currentFinancialInstruments 2024-04-30 02440988 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 02440988 bus:OrdinaryShareClass1 2025-04-30 02440988 bus:OrdinaryShareClass1 2024-04-30 02440988 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 02440988 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 02440988 bus:FRS102 2024-05-01 2025-04-30 02440988 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 02440988 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP