ART FUND SERVICES LIMITED

Company Registration Number:
01487654 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

ART FUND SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ART FUND SERVICES LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is selling affinity holidays and advertising space on behalf of National ArtCollections Fund (Art Fund).

Political and charitable donations

There was a profit for the year of £74,458 (2021: £10,326) which was donated to the parent charity under the Gift Aid scheme. This is represented as a distribution which is recognised below the line of Profit After Tax.All profits in the year are donated to Art Fund by way of Gift Aid.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

J WALDMAN
J PALMER


Secretary S COSBY

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 May 2023

And signed on behalf of the board by:
Name: J PALMER
Status: Director

ART FUND SERVICES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 104,822 63,335
Cost of sales: ( 19,692 ) ( 42,600 )
Gross profit(or loss): 85,130 20,735
Distribution costs: 0 0
Administrative expenses: ( 10,672 ) ( 10,409 )
Other operating income: 0 0
Operating profit(or loss): 74,458 10,326
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 74,458 10,326
Tax: 0 0
Profit(or loss) for the financial year: 74,458 10,326

ART FUND SERVICES LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 60 60
Debtors: 4 33,345 8,398
Cash at bank and in hand: 288,382 112,116
Investments:   0 0
Total current assets: 321,787 120,574
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 318,508 ) ( 117,295 )
Net current assets (liabilities): 3,279 3,279
Total assets less current liabilities: 3,279 3,279
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,279 3,279
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 3,179 3,179
Total Shareholders' funds: 3,279 3,279

The notes form part of these financial statements

ART FUND SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 23 May 2023
and signed on behalf of the board by:

Name: J PALMER
Status: Director

The notes form part of these financial statements

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Stocks

2022 2021
£ £
Stocks 60 60
Payments on account 0 0
Total 60 60

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 33,345 8,398
Prepayments and accrued income 0 0
Other debtors 0 0
Total 33,345 8,398
Debtors due after more than one year: 0 0

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 318,508 117,295
Total 318,508 117,295

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Financial Commitments

Taxable profits transferred to the parent entity, a registered charity, are recognised as distributions from equity when the company has made an irrevocable commitment to the parent to pay the taxable profits.