Company Registration No. 05674674 (England and Wales)
CLARET SHOWROOM LIMITED
Unaudited accounts
for the year ended 31 January 2025
CLARET SHOWROOM LIMITED
Unaudited accounts
Contents
CLARET SHOWROOM LIMITED
Company Information
for the year ended 31 January 2025
Directors
CURRAN, Isabel
HAMILTON, Madeline
SPENCER-CHURCHILL, Claire Gillean
LYLES, Alexandra Louise
O’CONNELL-JONES, Laura
Company Number
05674674 (England and Wales)
Registered Office
1 Netherwood Place
London
W14 0BW
England
Accountants
Premium Accounting Services Limited
A4-55 Peel Road, Harrow
Harrow
Middlesex
HA3 7QT
CLARET SHOWROOM LIMITED
Statement of financial position
as at 31 January 2025
Tangible assets
10,143
10,593
Cash at bank and in hand
56,899
100,749
Creditors: amounts falling due within one year
(346,011)
(165,600)
Net current assets
119,138
186,579
Total assets less current liabilities
129,281
197,172
Creditors: amounts falling due after more than one year
(157,047)
(158,378)
Net (liabilities)/assets
(27,766)
38,794
Called up share capital
1,330
1,330
Share premium
14,850
14,850
Profit and loss account
(43,946)
22,614
Shareholders' funds
(27,766)
38,794
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
HAMILTON, Madeline
Director
Company Registration No. 05674674
CLARET SHOWROOM LIMITED
Notes to the Accounts
for the year ended 31 January 2025
CLARET SHOWROOM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05674674. The registered office is 1 Netherwood Place, London, W14 0BW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line method
Computer equipment
20% on written down value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortised over 10 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to COVID-19 are credited to profit and loss account.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
CLARET SHOWROOM LIMITED
Notes to the Accounts
for the year ended 31 January 2025
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
32,844
21,952
29,316
84,112
At 31 January 2025
32,844
21,952
30,716
85,512
At 1 February 2024
31,188
21,952
20,379
73,519
Charge for the year
765
-
1,085
1,850
At 31 January 2025
31,953
21,952
21,464
75,369
At 31 January 2025
891
-
9,252
10,143
At 31 January 2024
1,656
-
8,937
10,593
Amounts falling due within one year
Trade debtors
160,961
127,538
Amounts due from group undertakings etc.
71,934
25,919
Accrued income and prepayments
128,004
32,529
CLARET SHOWROOM LIMITED
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
217,805
124,518
Taxes and social security
15,583
14,907
Other creditors
75,246
6,023
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
24,713
24,713
Loans from directors
132,334
133,665
9
Transactions with related parties
Splash Paris Ltd
Claire Spencer-Churchill and Alexandra Lyles are both directors and shareholders of Splash Paris Limited.
During the year the company paid a net of £46,014 (2024 : £37,496) to Splash Paris Limited. At the year-end the balance due from Splash Paris Limited was £71,933 (2023 : £25,919).
10
Average number of employees
During the year the average number of employees was 9 (2024: 9).