REGISTERED NUMBER: 02710748 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

CCA Galleries Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L J P Trevellyan

Mrs G Duke

Mr L D Trevellyan

SECRETARY:

Mr L J P Trevellyan

REGISTERED OFFICE:

Estate Management Office

Greenhills Estate

Tilford Road, Tilford

Farnham

Surrey

GU10 2DZ

REGISTERED NUMBER:

02710748 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Laxton FCCA

AUDITORS:

Xeinadin Audit Limited

Level 5 A

Maple House

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Tangible assets

5

38,963

31,124

Investments

6

3,826,004

3,300,073

3,864,967

3,331,197

CURRENT ASSETS

Stocks

7

221,082

99,335

Debtors

8

536,745

547,093

Cash at bank and in hand

64,815

51,909

822,642

698,337

CREDITORS

Amounts falling due within one year

9

(1,641,261

)

(999,954

)

NET CURRENT LIABILITIES

(818,619

)

(301,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,046,348

3,029,580

CAPITAL AND RESERVES

Called up share capital

10

1,668,500

1,668,500

Share premium

11

8,468

8,468

Retained earnings

11

1,369,380

1,352,612

SHAREHOLDERS' FUNDS

3,046,348

3,029,580

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 1 July 2026 and were signed on its behalf by:

Mr L J P Trevellyan - Director

1.	STATUTORY INFORMATION

CCA Galleries Limited is a private company limited by shares, registered in England and Wales. The Company's registered office and principal place of business is Greenhills Estate Office, Greenhills Estate, Tilford Road, Tilford, Farnham, Surrey GU10 2DZ.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about CCA Galleries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Trevellyan Developments Limited, Estate Management Office, Greenhills Estate Tilford Road, Tilford, Surrey, GU10 2DZ.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents amounts receivable from the sale of artworks and related products, net of VAT and trade discounts.

Revenue is recognised when control of the goods passes to the customer, usually on dispatch or collection, and when the amount can be measured reliably and receipt is probable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance and Straight line over 3 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance and Straight line over 25 years

Office equipment

-

25% on reducing balance

Fixtures and fittings includes solar panels which have been treated as long life fixtures & fittings assets which are being depreciated over 25 years (equivalent to 4% straight line)

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment in Artworks

The company holds a collection of artworks for long-term investment purposes. These assets are measured using the revaluation model, with revaluations reviewed periodically by the directors to ensure that the carrying amount does not differ materially from fair value at the reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contribution payable are charged to the profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Computer

Plant and

and

Office

equipment

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

67,956

203,223

126,637

22,829

420,645

Additions

13,563

-

3,000

2,044

18,607

At 31 July 2025

81,519

203,223

129,637

24,873

439,252

DEPRECIATION

At 1 August 2024

67,688

191,496

110,782

19,555

389,521

Charge for year

2,133

2,932

4,649

1,054

10,768

At 31 July 2025

69,821

194,428

115,431

20,609

400,289

NET BOOK VALUE

At 31 July 2025

11,698

8,795

14,206

4,264

38,963

At 31 July 2024

268

11,727

15,855

3,274

31,124

6.	FIXED ASSET INVESTMENTS

31.7.25

31.7.24

£

£

Shares in group undertakings

100

100

Participating interests

109,375

84,250

Other investments not loans

3,716,529

3,215,723

3,826,004

3,300,073

Additional information is as follows:

Interest

Shares in

in other

group

participating

undertakings

interests

Totals

£

£

£

COST

At 1 August 2024

100

84,250

84,350

Additions

-

25,125

25,125

At 31 July 2025

100

109,375

109,475

NET BOOK VALUE

At 31 July 2025

100

109,375

109,475

At 31 July 2024

100

84,250

84,350

Investments (neither listed nor unlisted) were as follows:

31.7.25

31.7.24

£

£

Investment in Art Works & Art Hotel

3,716,529

3,215,723

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Curwen Studio Limited

Registered office: Estate Management Office Greenhills Estate, Tilford Road, Tilford, Surrey, GU10 2DZ

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

95.00

31.7.25

31.7.24

£

£

Aggregate capital and reserves

100

100

The Art bus has been included at the Directors valuation of £420,000 (2024: £470,000).

The Directors have valued the Art Hotel Investment based on the current proposals at £892,000 (2024: £892,000)

7.

STOCKS

31.7.25

31.7.24

£

£

Raw materials

-

79,223

Finished goods

221,082

20,112

221,082

99,335

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

100,277

186,249

Amounts owed by group undertakings

111,136

111,136

Other debtors

325,332

249,708

536,745

547,093

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Payments on account

8,469

8,469

Trade creditors

191,114

54,597

Amounts owed to group undertakings

1,295,817

767,058

Taxation and social security

11,874

52,652

Other creditors

133,987

117,178

1,641,261

999,954

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

1,420,000

Ordinary

£1

1,420,000

1,420,000

710,000

Ordinary

£0.35

248,500

248,500

1,668,500

1,668,500

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 August 2024

1,352,612

8,468

1,361,080

Profit for the year

16,768

16,768

At 31 July 2025

1,369,380

8,468

1,377,848

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Laxton FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The balance due from CCA Galleries International Limited at 31 July 2025 was £164,880 (2024: £160,770).

The balance due from Trevellyan Operations Limited at 31 July 2025 was £6,169 (2024: £Nil).

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Trevellyan Developments Limited.

The ultimate controlling party is Mr L J P Trevellyan.

15.	UNUSED COMMITTED BANK FACILITIES

As at 31st July 2025 the company had access to the group's unused bank facilities amounting to £5,090,000 under a facility which is cross guaranteed between the holding company and fellow subsidiaries. In addition, group cash balances at 31st July 2025 were £2,439,799 making total funds available of £7,529,799.

16.	SECURED LIABILITIES

The company's banking facilities are secured by fixed charges together with a debenture incorporating fixed and floating charges over the assets undertaking of the company.