Company No: 02124272 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Geoffrey Gibbons
	Hugh Gilbert (Resigned 26 October 2025)
	Roger McGough
	Emma McGuigan Burns
	Phillip Roberts
	Mark Wood

REGISTERED OFFICE	143-145
	Old Church Street
	London
	SW3 6EB
	United Kingdom

COMPANY NUMBER

02124272 (England and Wales)

AUDITOR	Dixon Wilson Audit Services LLP
	Statutory Auditor
	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

BANKERS	C Hoare & Co
	37 Fleet Street
	London
	EC4P 4DQ

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	563,939		572,634
		563,939		572,634
Current assets
Debtors	4	74,704		78,749
Cash at bank and in hand		3,690		4,700
		78,394		83,449
Creditors: amounts falling due within one year	5	( 10,550)		( 7,250)
Net current assets		67,844		76,199
Total assets less current liabilities		631,783		648,833
Net assets		631,783		648,833
Capital and reserves
Called-up share capital	6	7		7
Equity reserve		203,490		203,940
Profit and loss account		428,286		444,886
Total shareholders' funds		631,783		648,833

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chelsea Arts Club Limited (registered number: 02124272) were approved and authorised for issue by the Board of Directors on 10 August 2026. They were signed on its behalf by:

Phillip Roberts Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chelsea Arts Club Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 143-145 Old Church Street, London, SW3 6EB, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In assessing the company's ability to continue as a going concern, the directors have considered the liquidity position and reviewed cash flow forecasts for the foreseeable future. The company has adequate financial resources and as a consequence, the directors believe that the company is well placed to manage its business risks successfully and meet its liabilities as they fall due.

For this reason, the directors continue to adopt the going concern basis in preparing the accounts.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings

Leasehold land and buildings are depreciated straight line at 1% per annum, whilst leasehold improvements are depreciated straight line at 5% per annum.

Leases

The company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 April 2025	1,024,576		1,024,576
At 31 March 2026	1,024,576		1,024,576
Accumulated depreciation
At 01 April 2025	451,942		451,942
Charge for the financial year	8,695		8,695
At 31 March 2026	460,637		460,637
Net book value
At 31 March 2026	563,939		563,939
At 31 March 2025	572,634		572,634

The company has a cross guarantee in respect of the banking facilities granted to Chelsea Arts Club Trading Limited. A first legal charge against the property to support this facility is in place.

4. Debtors

	2026		2025
	£		£
Amounts owed by related parties	73,242		78,749
Other debtors	1,462		0
	74,704		78,749

Amounts owed by related parties are due from Chelsea Arts Club Trading Limited, a company with shareholders in common with Chelsea Art Club Limited. The amounts due are interest free and repayable on demand.

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Accruals	7,250		7,250
Other creditors	3,300		0
	10,550		7,250

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
7 Ordinary shares of £ 1.00 each	7		7

7. Operating lease commitments

	2026		2025
	£		£
Not later than one year	20,000		20,000
Due in between 2-5 years	80,000		80,000
Due in over 5 years	2,377,753		2,397,753
	2,477,753		2,497,753

The company continues to hold its lease relating to the land and buildings at 143-145 Old Church Street, London, SW3 6EB, United Kingdom. Under the terms of the lease, rent of £20,000 per annum is payable by either Chelsea Arts Club Limited or Chelsea Arts Club Trading Limited.

8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 March 2026 was unqualified.

The audit report was signed by Oliver Jackson on behalf of Dixon Wilson Audit Services LLP.