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Company Registration No. 07870731 (England and Wales)
Troubadour Goods Limited Unaudited accounts for the year ended 31 December 2025
Troubadour Goods Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Troubadour Goods Limited Company Information for the year ended 31 December 2025
Directors
Samuel Bail Abel Samet Berne Berry Paul Meyerowitz
Company Number
07870731 (England and Wales)
Registered Office
483 Green Lanes London N13 4BS
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Troubadour Goods Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
12,417
16,933
Tangible assets
5
21,083
14,377
33,500
31,310
Current assets
Inventories
1,380,025
1,892,655
Debtors
6
396,785
601,559
Cash at bank and in hand
863,074
1,248,338
2,639,884
3,742,552
Creditors: amounts falling due within one year
7
(873,520)
(1,442,851)
Net current assets
1,766,364
2,299,701
Total assets less current liabilities
1,799,864
2,331,011
Creditors: amounts falling due after more than one year
8
(125,000)
(375,000)
Net assets
1,674,864
1,956,011
Capital and reserves
Called up share capital
1,135
1,000
Share premium
8,578,919
7,526,736
Profit and loss account
(6,905,190)
(5,571,725)
Shareholders' funds
1,674,864
1,956,011
For the year ending 31 December 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 28 April 2026 and were signed on its behalf by
Abel Samet Director Company Registration No. 07870731
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Troubadour Goods Limited is a private company, limited by shares, registered in England and Wales, registration number 07870731. The registered office is 483 Green Lanes, London, N13 4BS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company's financial statements for the period have been prepared on a going concern basis as after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2025
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
30,110
At 31 December 2025
30,110
Amortisation
At 1 January 2025
13,177
Charge for the year
4,516
At 31 December 2025
17,693
Net book value
At 31 December 2025
12,417
At 31 December 2024
16,933
An impairment review was conducted on Intangible assets, and as a result all Intangible Assets relating to Research & Development have been fully amortised.
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
51,115
40,118
91,233
Additions
-
12,901
12,901
At 31 December 2025
51,115
53,019
104,134
Depreciation
At 1 January 2025
51,115
25,741
76,856
Charge for the year
-
6,195
6,195
At 31 December 2025
51,115
31,936
83,051
Net book value
At 31 December 2025
-
21,083
21,083
At 31 December 2024
-
14,377
14,377
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
164,267
355,152
Accrued income and prepayments
179,739
193,628
344,006
548,780
Amounts falling due after more than one year
Accrued income and prepayments
52,779
52,779
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
25,878
29,850
VAT
18,103
29,600
Trade creditors
527,905
908,349
Taxes and social security
23,992
15,147
Other creditors
271,061
458,574
Accruals
6,581
1,331
873,520
1,442,851
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
125,000
375,000
9
Average number of employees
During the year the average number of employees was 13 (2024: 12).
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