BLANK GALLERY LIMITED

BLANK GALLERY LIMITED

BLANK GALLERY LIMITED - Company Information

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1 January 2020 false No description of principal activity Taxfiler 2021.22.4 09437753business:PrivateLimitedCompanyLtd2020-01-012020-12-31 094377532019-12-31 094377532020-01-012020-12-31 09437753business:AuditExempt-NoAccountantsReport2020-01-012020-12-31 09437753business:FullAccounts2020-01-012020-12-31 094377532020-12-31 09437753business:Director12020-01-012020-12-31 09437753business:RegisteredOffice2020-01-012020-12-31 094377532019-12-31 09437753core:AfterOneYear2020-12-31 09437753core:AfterOneYear2019-12-31 09437753core:ShareCapital2020-12-31 09437753core:ShareCapital2019-12-31 09437753core:RetainedEarningsAccumulatedLosses2020-12-31 09437753core:RetainedEarningsAccumulatedLosses2019-12-31 09437753business:SmallEntities2020-01-012020-12-31 09437753countries:EnglandWales2020-01-012020-12-31 09437753core:FurnitureFittings2020-01-012020-12-31 09437753core:FurnitureFittings2019-12-31 09437753core:FurnitureFittings2020-12-31 09437753core:WithinOneYear2020-12-31 09437753core:WithinOneYear2019-12-31 094377532019-01-012019-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09437753 (England and Wales)
BLANK GALLERY LIMITED Unaudited accounts for the year ended 31 December 2020
BLANK GALLERY LIMITED Unaudited accounts Contents
Page
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BLANK GALLERY LIMITED Company Information for the year ended 31 December 2020
Director
Saeed Azimi
Company Number
09437753 (England and Wales)
Registered Office
27B THROGMORTON STREET THROGMORTON STREE LONDON EC2N 2AN ENGLAND
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BLANK GALLERY LIMITED Statement of financial position as at 31 December 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,397 
8,941 
Current assets
Debtors
5
69,408 
69,408 
Cash at bank and in hand
2,009 
15,306 
71,417 
84,714 
Net current assets
71,417 
84,714 
Total assets less current liabilities
78,814 
93,655 
Creditors: amounts falling due after more than one year
6
(510,858)
(489,128)
Net liabilities
(432,044)
(395,473)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(432,045)
(395,474)
Shareholders' funds
(432,044)
(395,473)
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2022 and were signed on its behalf by
Saeed Azimi Director Company Registration No. 09437753
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BLANK GALLERY LIMITED Notes to the Accounts for the year ended 31 December 2020
1
Statutory information
BLANK GALLERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09437753. The registered office is 27B THROGMORTON STREET THROGMORTON STREE, LONDON, EC2N 2AN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2020
10,904 
Additions
80 
At 31 December 2020
10,984 
Depreciation
At 1 January 2020
1,963 
Charge for the year
1,624 
At 31 December 2020
3,587 
Net book value
At 31 December 2020
7,397 
At 31 December 2019
8,941 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
14,408 
14,408 
Other debtors
55,000 
55,000 
69,408 
69,408 
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BLANK GALLERY LIMITED Notes to the Accounts for the year ended 31 December 2020
6
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
50,000 
- 
Other creditors
460,858 
489,128 
510,858 
489,128 
7
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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