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Registration number: 03250429

Hackelbury Fine Art Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Hackelbury Fine Art Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Hackelbury Fine Art Limited

Company Information

Directors | S E Hackel M N Bury

Registered office | Lawford House Albert Place London United Kingdom N3 1QA

Accountants | Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

Hackelbury Fine Art Limited

(Registration number: 03250429)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 3,563 | 3,835
Current assets |  |  |
Stocks | 5 | 398,103 | 414,785
Debtors | 6 | 32,442 | 62,161
Cash at bank and in hand |  | 15,392 | 11,553
|  | 445,937 | 488,499
Creditors: Amounts falling due within one year | 7 | (3,295,207) | (3,135,243)
Net current liabilities |  | (2,849,270) | (2,646,744)
Total assets less current liabilities |  | (2,845,707) | (2,642,909)
Creditors: Amounts falling due after more than one year | 7 | - | (17,371)
Net liabilities |  | (2,845,707) | (2,660,280)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Profit and loss account |  | (2,845,807) | (2,660,380)
Shareholders' deficit |  | (2,845,707) | (2,660,280)

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:

Hackelbury Fine Art Limited

(Registration number: 03250429)
Balance Sheet as at 30 September 2025

......................................... S E Hackel Director

Hackelbury Fine Art Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
United Kingdom

The principal place of business is:
4 Launceston Place
London
W8 5RL

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Hackelbury Fine Art Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and equipment | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Hackelbury Fine Art Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Hackelbury Fine Art Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 October 2024 | 119,303 | 119,303
Additions | 916 | 916
At 30 September 2025 | 120,219 | 120,219
Depreciation
At 1 October 2024 | 115,468 | 115,468
Charge for the year | 1,188 | 1,188
At 30 September 2025 | 116,656 | 116,656
Carrying amount
At 30 September 2025 | 3,563 | 3,563
At 30 September 2024 | 3,835 | 3,835

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 398,103 | 414,785

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 20,503 | 21,729
Prepayments | 8,597 | 40,432
Other debtors | 3,342 | -
| 32,442 | 62,161

Hackelbury Fine Art Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 7,039 | -
Trade creditors |  | 253,810 | 301,375
Taxation and social security |  | 1,913 | 4,907
Accruals and deferred income |  | 2,500 | 2,500
Other creditors |  | 3,029,945 | 2,826,461
|  | 3,295,207 | 3,135,243

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 17,371

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 17,371

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 7,039 | -

Hackelbury Fine Art Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Bank borrowings

The Bounce Back Loan is denominated in Pounds Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 20 May 2026. The carrying amount at year end is £7,039 (2024 - £17,371). The Bounce Back Loan Scheme is backed by the Secretary of State for Business, Energy and Industrial Strategy and is guaranteed by HM Government.

10 | Related party transactions

Included within other creditors is an amount of £2,989,310 (2024 - £2,792,301) owed to the directors of the company. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding the repayment of the loan.

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 16,120 | 16,120