London House Antiques Limited Company accounts
London House Antiques Limited Company accounts
COMPANY REGISTRATION NUMBER:
03593036
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Company Limited by Guarantee |
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COMPANY LIMITED BY GUARANTEE |
FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2022
Contents |
Pages |
Director's report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 to 7 |
The following pages do not form part of the financial statements
Accountants report to the director on the preparation of the unaudited statutory financial statements |
9 |
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COMPANY LIMITED BY GUARANTEE |
DIRECTOR'S REPORT |
YEAR ENDED 31 DECEMBER 2022
The director presents his report and the unaudited financial statements of the company for the year ended
31 December 2022
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
5 October 2023
and signed on behalf of the board by:
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Director |
Company Secretary |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF INCOME AND RETAINED EARNINGS |
YEAR ENDED 31 DECEMBER 2022
2022 |
2021 |
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Note |
£ |
£ |
Turnover |
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-------- |
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Gross profit |
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Administrative expenses |
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Other operating income |
– |
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-------- |
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Operating (loss)/profit |
(
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Other interest receivable and similar income |
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(Loss)/profit before taxation |
5 |
(
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Tax on (loss)/profit |
(
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------- |
-------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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------- |
-------- |
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Retained earnings at the start of the year |
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-------- |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Profit and loss account |
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Members funds |
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Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
5 October 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
03593036
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COMPANY LIMITED BY GUARANTEE |
NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2022
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is London House, High Street, Moreton in Marsh, Gloucestershire, GL56 0AH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Revenue recognition
Income tax
Tangible assets
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:
Fixtures and fittings |
- |
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Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Company limited by guarantee
The liability of the members is limited.
Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the assets of the company, if it should be wound up whilst he or she is a member.
5.
Profit before taxation
Profit before taxation is stated after charging:
2022 |
2021 |
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£ |
£ |
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Depreciation of tangible assets |
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---- |
---- |
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6.
Tangible assets
Fixtures and fittings |
Total |
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£ |
£ |
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Cost |
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At 1 January 2022 |
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Additions |
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------- |
------- |
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At 31 December 2022 |
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------- |
------- |
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Depreciation |
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At 1 January 2022 |
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Charge for the year |
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------- |
------- |
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At 31 December 2022 |
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------- |
------- |
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Carrying amount |
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At 31 December 2022 |
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------- |
------- |
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At 31 December 2021 |
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------- |
------- |
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7.
Debtors
2022 |
2021 |
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£ |
£ |
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Other debtors |
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------- |
------- |
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8.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Other creditors |
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------- |
------- |
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------- |
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9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 |
2021 |
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£ |
£ |
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Later than 1 year and not later than 5 years |
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10.
Related party transactions
The company was under the control of all its members throughout the current and previous year. The company is limited by guarantee and therefore does not have share capital. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.
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COMPANY LIMITED BY GUARANTEE |
MANAGEMENT INFORMATION |
YEAR ENDED 31 DECEMBER 2022
The following pages do not form part of the financial statements.
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COMPANY LIMITED BY GUARANTEE |
ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
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YEAR ENDED 31 DECEMBER 2022
The Old Mill
Blisworth Hill Farm
Stoke Road
Blisworth
Northampton
NN7 3DB