| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| GAZELLI ART HOUSE LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| GAZELLI ART HOUSE LIMITED |
| GAZELLI ART HOUSE LIMITED (REGISTERED NUMBER: 13123235) |
| Contents of the Financial Statements |
| for the year ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GAZELLI ART HOUSE LIMITED |
| Company Information |
| for the year ended 31 December 2025 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Broadwalk House, 5th Floor |
| 5 Appold Street |
| Broadgate |
| London |
| EC2A 2AG |
| GAZELLI ART HOUSE LIMITED (REGISTERED NUMBER: 13123235) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Current assets |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings | 10 | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges her responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director and authorised for issue on |
| GAZELLI ART HOUSE LIMITED (REGISTERED NUMBER: 13123235) |
| Notes to the Financial Statements |
| for the year ended 31 December 2025 |
| 1. | Statutory information |
| Gazelli Art House Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition , intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Development costs are being amortised evenly over their estimated useful life. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Going concern |
| The director and MRCR Art Ltd have confirmed in writing that they will continue to provide financial support to the company and will not demand repayment of the outstanding balances for a period of at least twelve months from the date of approval of these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Development |
| costs |
| £ |
| Cost |
| At 1 January 2025 |
| and 31 December 2025 |
| Amortisation |
| At 1 January 2025 |
| and 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| GAZELLI ART HOUSE LIMITED (REGISTERED NUMBER: 13123235) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 5. | Tangible fixed assets |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2025 |
| Additions |
| At 31 December 2025 |
| Depreciation |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| 6. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 January 2025 |
| and 31 December 2025 |
| Provisions |
| At 1 January 2025 |
| and 31 December 2025 | 23,940 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| 7. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| GAZELLI ART HOUSE LIMITED (REGISTERED NUMBER: 13123235) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary shares | £1 | 100 | 100 |
| 10. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 January 2025 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2025 | ( |
) |
| 11. | Director's advances, credits and guarantees |
| As at the balance sheet date the company owed the director a sum of £1,148,343 (2024: £387,805 ) on which interest was not charged. |
| 12. | Related party disclosures |
| Included other creditors is £1,793,273 (2024: £1,505,778) owed to the MRCR Art Ltd. |