GALLERY VIEW LTD


Directors	Lotte Capewell
	Tony Capewell
	Neil Renwick
	Martin Rowe


Registered Address	The Danes 2 Reindeer Court
	Potterspury
	Towcester
	NN12 7FB


Registered Number	14483963 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		11,384		12,649
			11,384		12,649
Current assets
Debtors		5,352		4,403
Cash at bank and on hand		656		853
		6,008		5,256
Creditors amounts falling due within one year	4	(25,895)		(22,215)
Net current assets (liabilities)			(19,887)		(16,959)
Total assets less current liabilities			(8,503)		(4,310)
Creditors amounts falling due after one year	5		(5,200)		(5,200)
Net assets			(13,703)		(9,510)
Capital and reserves
Called up share capital			200		200
Profit and loss account			(13,903)		(9,710)
Shareholders' funds			(13,703)		(9,510)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 August 2026, and are signed on its behalf by:

Lotte Capewell
Director
Registered Company No. 14483963

GALLERY VIEW LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors have confirmed their intention to provide financial support to the company and not seek repayment of director balances for at least twelve months from the date of approval of the financial statements.

	Turnover policy
	Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities, excluding VAT and other sales-related taxes. The Company recognises revenue in accordance with Section 23 of FRS 102, based on the stage of completion of the transaction at the reporting date, provided that the outcome of the transaction can be estimated reliably. Revenue is only recognised when the following conditions are satisfied: - The amount of revenue can be measured reliably; - It is probable that the economic benefits will flow to the Company; - The stage of completion can be measured reliably; - The costs incurred and the costs to complete the transaction can be measured reliably. Revenue from user subscriptions and platform access is recognised over the term of the subscription on a straight-line basis, reflecting the delivery of service over time. Feature services are recognised based on the stage of completion at the reporting date, measured using time incurred, delivery milestones, or technical delivery progress. Revenue from onboarding or configuration fees is recognised over the expected customer relationship period, where it forms part of the ongoing service performance obligation. Any transaction or processing fees retained are recognised upon transaction completion; chargebacks or platform fees are netted accordingly.

Turnover policy

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities, excluding VAT and other sales-related taxes. The Company recognises revenue in accordance with Section 23 of FRS 102, based on the stage of completion of the transaction at the reporting date, provided that the outcome of the transaction can be estimated reliably.

Revenue is only recognised when the following conditions are satisfied:
- The amount of revenue can be measured reliably;
- It is probable that the economic benefits will flow to the Company;
- The stage of completion can be measured reliably;
- The costs incurred and the costs to complete the transaction can be measured reliably.

Revenue from user subscriptions and platform access is recognised over the term of the subscription on a straight-line basis, reflecting the delivery of service over time. Feature services are recognised based on the stage of completion at the reporting date, measured using time incurred, delivery milestones, or
technical delivery progress. Revenue from onboarding or configuration fees is recognised over the expected customer relationship period, where it forms part of the ongoing service performance obligation. Any transaction or processing fees retained are recognised upon transaction completion; chargebacks or platform fees are netted accordingly.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Development costs will be amortised evenly over their estimated useful life of ten years upon completion. The directors have assessed the expected useful economic life of the software platform as ten years due to the anticipated longevity of the underlying technology and business model. Development costs for internally generated software is capitalised as an intangible asset when all of the following conditions, as outlined in FRS 102 Section 18, are met. If these conditions are not met, the costs are expensed in the profit and loss account as incurred: - Technical Feasibility: The software project is technically feasible and expected to be completed successfully. - Intention to Complete: There is a clear intention to complete the software and either use or sell it. - Future Economic Benefits: The software is expected to generate probable future economic benefits. - Availability of Resources: The company has the required financial, technical, and human resources to complete the development. - Ability to Measure Costs Reliably: The development costs can be identified and measured with reliability. - Ability to use or sell the intangible asset.

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

Development costs will be amortised evenly over their estimated useful life of ten years upon completion. The directors have assessed the expected useful economic life of the software platform as ten years due to the anticipated longevity of the underlying technology and business model.

Development costs for internally generated software is capitalised as an intangible asset when all of the following conditions, as outlined in FRS 102 Section 18, are met. If these conditions are not met, the costs are expensed in the profit and loss account as incurred:

- Technical Feasibility: The software project is technically feasible and expected to be completed successfully.
- Intention to Complete: There is a clear intention to complete the software and either use or sell it.
- Future Economic Benefits: The software is expected to generate probable future economic benefits.
- Availability of Resources: The company has the required financial, technical, and human resources to complete the development.
- Ability to Measure Costs Reliably: The development costs can be identified and measured with reliability.
- Ability to use or sell the intangible asset.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 December 24	12,649	12,649
At 30 November 25	12,649	12,649
Amortisation and impairment
Charge for year	1,265	1,265
At 30 November 25	1,265	1,265
Net book value
At 30 November 25	11,384	11,384
At 30 November 24	12,649	12,649

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	24,671	21,538
Other creditors	624	312
Accrued liabilities and deferred income	600	365
Total	25,895	22,215

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	5,200	5,200
Total	5,200	5,200

6.	Related party transactions
	The company has taken advantage of the exemption available under Section 1A and has not disclosed related party transactions.