Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11433751 2022-01-01 2022-12-31 11433751 2021-01-01 2021-12-31 11433751 2022-12-31 11433751 2021-12-31 11433751 1 2022-01-01 2022-12-31 11433751 d:Director3 2022-01-01 2022-12-31 11433751 c:ComputerEquipment 2022-01-01 2022-12-31 11433751 c:ComputerEquipment 2022-12-31 11433751 c:ComputerEquipment 2021-12-31 11433751 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11433751 c:CurrentFinancialInstruments 2022-12-31 11433751 c:CurrentFinancialInstruments 2021-12-31 11433751 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 11433751 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 11433751 c:ShareCapital 2022-12-31 11433751 c:ShareCapital 2021-12-31 11433751 c:RetainedEarningsAccumulatedLosses 2022-12-31 11433751 c:RetainedEarningsAccumulatedLosses 2021-12-31 11433751 d:FRS102 2022-01-01 2022-12-31 11433751 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11433751 d:FullAccounts 2022-01-01 2022-12-31 11433751 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11433751 2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11433751









ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
REGISTERED NUMBER: 11433751

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible fixed assets
  
570
876

  
570
876

Current assets
  

Debtors: amounts falling due within one year
 5 
2,646
14,886

Cash at bank and in hand
 6 
20,777
38,381

  
23,423
53,267

Creditors: amounts falling due within one year
 7 
(105,613)
(91,279)

Net current liabilities
  
 
 
(82,190)
 
 
(38,012)

Total assets less current liabilities
  
(81,620)
(37,136)

  

Net liabilities
  
(81,620)
(37,136)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(81,720)
(37,236)

  
(81,620)
(37,136)


Page 1

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
REGISTERED NUMBER: 11433751
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.




D L Taffner
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

ART Talent Limited (formerly Andrew Roach Talent Limited to 24 March 2023) is a private company limited by shares and is incorporated in England. The Company's registered office is located at 10 Bedford Square, London, England, WC1B 3RA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Basis other than going concern

After the reporting period the company has commenced taking the necessary steps to cease to trade with the expectation of closing the company once that process has been completed.  The directors have prepared statements on the basis that the company is no longer a going concern.
No material adjustments arose as a result of ceasing to apply the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and rebates.
Revenue comprises agency commissions due to the company and is recognised in the period in which the relevant performance or event has taken place.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2022
1,532



At 31 December 2022

1,532



Depreciation


At 1 January 2022
656


Charge for the year on owned assets
306



At 31 December 2022

962



Net book value



At 31 December 2022
570



At 31 December 2021
876

Page 5

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
710
4,696

Other debtors
1,789
8,264

Prepayments and accrued income
147
1,926

2,646
14,886



6.


Cash and cash equivalents

2022
2020
£
£

Cash at bank and in hand
20,777
38,381



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
13,766
8,376

Amounts owed to group undertakings
76,238
65,387

Other taxation and social security
5,107
2,427

Other creditors
3,033
1,447

Accruals and deferred income
7,469
13,642

105,613
91,279



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £1,313 (2021 - £1,203). Contributions totalling £300 (2021: £567) were payable to the fund at the reporting date and are included in creditors.


9.


Related party transactions

During the period management fees and interest totalling £20,833 (2021: £23,493) were payable to DLT Entertainment UK Limited, a company in which D L Taffner Jnr is also a director. At the reporting date creditors include £76,238 (2021: £65,387) due to DLT Entertainment UK Limited.  Interest is payable on the loan at 4% above the Bank of England base rate.

Page 6

 
ART TALENT LIMITED (FORMERLY ANDREW ROACH TALENT LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Post balance sheet events

After the reporting period the company has commenced taking the necessary steps to cease to trade with the expectation of closing the company once that process has been completed.


11.


Controlling party

During the current and preceding period the company was under the control of its directors.

 
Page 7