Strange Cargo Arts Company Limited 31/03/2026 iXBRL

Company registration number: 3066271

Strange Cargo Arts Company Limited

Company limited by guarantee

Unaudited filleted financial statements

31 March 2026

Strange Cargo Arts Company Limited

Company limited by guarantee

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Strange Cargo Arts Company Limited

Company limited by guarantee

Directors and other information


Directors	Terry Perk
	Gary Bourne
	Nicholas Varian
	Josephine Carter
	Jennifer Thatcher
	Sally Hough
	John Joseph Charlesworth
	Sarah Martin	(Appointed 1 July 2025)


Secretary	B Orasinski


Company number	3066271


Registered office	43 The Factory
	Geraldine Road
	Folkestone
	Kent
	CT19 4BD


Business address	43 The Factory
	Geraldine Road
	Folkestone
	Kent
	CT19 4BD


Accountant	PG Lemon LLP
	134 High Street
	Hythe
	Kent
	CT21 5LB

Strange Cargo Arts Company Limited

Company limited by guarantee

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Strange Cargo Arts Company Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Strange Cargo Arts Company Limited for the year ended 31 March 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Strange Cargo Arts Company Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Strange Cargo Arts Company Limited and state those matters that we have agreed to state to the board of directors of Strange Cargo Arts Company Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Strange Cargo Arts Company Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Strange Cargo Arts Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Strange Cargo Arts Company Limited. You consider that Strange Cargo Arts Company Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Strange Cargo Arts Company Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

PG Lemon LLP

Chartered Certified Accountants & Registered Auditors

134 High Street

Hythe

Kent

CT21 5LB

Strange Cargo Arts Company Limited

Company limited by guarantee

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	6	185,316		185,593
		_______		_______
			185,316		185,593

Current assets
Stocks		9,000		4,500
Debtors	7	2,546		2,182
Cash at bank and in hand		18,627		72,102
		_______		_______
		30,173		78,784
Creditors: amounts falling due
within one year	8	( 16,086)		( 20,862)
		_______		_______
Net current assets			14,087		57,922
			_______		_______
Total assets less current liabilities			199,403		243,515

			_______		_______
Net assets			199,403		243,515
			_______		_______

Capital and reserves
Profit and loss account			199,403		243,515
			_______		_______
Members funds			199,403		243,515
			_______		_______

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 03 November 2026 , and are signed on behalf of the board by:

Jennifer Thatcher

Director

Company registration number: 3066271

Strange Cargo Arts Company Limited

Company limited by guarantee

Statement of changes in equity

Year ended 31 March 2026

	Profit and loss account	Total
	£	£


At 1 April 2024	275,614	275,614

Loss for the year	( 32,099)	( 32,099)
	_______	_______
Total comprehensive income for the year	( 32,099)	( 32,099)

	_______	_______
At 31 March 2025 and 1 April 2025	243,515	243,515

Loss for the year	( 44,112)	( 44,112)
	_______	_______
Total comprehensive income for the year	( 44,112)	( 44,112)

	_______	_______
At 31 March 2026	199,403	199,403
	_______	_______

Strange Cargo Arts Company Limited

Company limited by guarantee

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 43 The Factory, Geraldine Road, Folkestone, Kent, CT19 4BD.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The legal status of the charity is a company limited by guarantee and has no share capital.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 April 2025	183,883	61,153	50,654	295,690
Additions	-	-	206	206
	_______	_______	_______	_______
At 31 March 2026	183,883	61,153	50,860	295,896
	_______	_______	_______	_______
Depreciation
At 1 April 2025	-	61,087	49,010	110,097
Charge for the year	-	17	466	483
	_______	_______	_______	_______
At 31 March 2026	-	61,104	49,476	110,580
	_______	_______	_______	_______
Carrying amount
At 31 March 2026	183,883	49	1,384	185,316
	_______	_______	_______	_______
At 31 March 2025	183,883	66	1,644	185,593
	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	1,104	513
Other debtors	1,442	1,669
	_______	_______
	2,546	2,182
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	4,369	1,602
Social security and other taxes	1,240	12,879
Other creditors	10,477	6,381
	_______	_______
	16,086	20,862
	_______	_______