Lamb Arts Gallery Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Lamb Arts Gallery Ltd for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lamb Arts Gallery Ltd for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lamb Arts Gallery Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lamb Arts Gallery Ltd and state those matters that we have agreed to state to the director of Lamb Arts Gallery Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lamb Arts Gallery Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Lamb Arts Gallery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lamb Arts Gallery Ltd . You consider that Lamb Arts Gallery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Lamb Arts Gallery Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

28/08/2026

Charlton Baker - Thatcham

Lindenmuth House

37 Greenham Business Park

Thatcham

Berkshire

RG19 6HW

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Lamb Arts Gallery Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 08903297

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,868,470		7,856,278

			7,868,470		7,856,278
CURRENT ASSETS
Stocks	5	5,364,081		4,004,226
Debtors	6	210,275		232,004
Cash at bank and in hand		102,011		123,832

		5,676,367		4,360,062
Creditors: Amounts Falling Due Within One Year	7	(2,477,467 )		(3,240,008 )

NET CURRENT ASSETS (LIABILITIES)			3,198,900		1,120,054

TOTAL ASSETS LESS CURRENT LIABILITIES			11,067,370		8,976,332

NET ASSETS			11,067,370		8,976,332

CAPITAL AND RESERVES
Called up share capital	8		12,990,001		10,740,001
Share premium account			159,999		159,999
Profit and Loss Account			(2,082,630 )		(1,923,668 )

SHAREHOLDERS' FUNDS			11,067,370		8,976,332

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Lamb Arts Gallery Ltd

Balance Sheet (continued)

As At 31 December 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss L Bellm

Director

28/08/2026

The notes on pages 4 to 6 form part of these financial statements.

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Lamb Arts Gallery Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Lamb Arts Gallery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08903297 . The registered office is Lindenmuth House, 37 Greenham Business Park, Thatcham, Berkshire, RG19 6HW .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Fixtures & Fittings	25%RB
Computer Equipment	25%RB

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Lamb Arts Gallery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	7,822,696	62,524	6,721	7,891,941
Additions	-	19,958	7,491	27,449

As at 31 December 2025	7,822,696	82,482	14,212	7,919,390

Depreciation
As at 1 January 2025	-	30,448	5,215	35,663
Provided during the period	-	13,008	2,249	15,257

As at 31 December 2025	-	43,456	7,464	50,920

Net Book Value
As at 31 December 2025	7,822,696	39,026	6,748	7,868,470

As at 1 January 2025	7,822,696	32,076	1,506	7,856,278

5. Stocks

	2025	2024
	£	£
Stock	5,364,081	4,004,226

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	70,100	141,866
Other debtors	140,175	90,138

	210,275	232,004

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	214,813	1,630,009
Other loans	2,050,000	1,510,000
Other creditors	207,051	83,494
Taxation and social security	5,603	16,505

	2,477,467	3,240,008

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	12,990,001	10,740,001

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Lamb Arts Gallery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Miss Lucinda Bellm	36,608	3,492	-	-	40,100

The above loan is unsecured, interest free and repayable on demand.

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