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REGISTERED NUMBER: 08945881 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Eagle Art Limited

Eagle Art Limited (Registered number: 08945881)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eagle Art Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C Joffe





SECRETARY: C Joffe





REGISTERED OFFICE: Finsgate
5-7 Cranwood Street
London
EC1V 9EE





REGISTERED NUMBER: 08945881 (England and Wales)





ACCOUNTANTS: .

Eagle Art Limited (Registered number: 08945881)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,213,741 18,875

CURRENT ASSETS
Stocks 13,165 13,165
Debtors 5 192,767 652,478
Cash at bank 245,872 610,312
451,804 1,275,955
CREDITORS
Amounts falling due within one year 6 236,029 339,724
NET CURRENT ASSETS 215,775 936,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,516

955,106

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,429,416 955,006
1,429,516 955,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Eagle Art Limited (Registered number: 08945881)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2023 and were signed by:





C Joffe - Director


Eagle Art Limited (Registered number: 08945881)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Eagle Art Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Eagle Art Limited (Registered number: 08945881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 - 31,083 31,083
Additions 1,189,739 26,148 1,215,887
At 31 March 2023 1,189,739 57,231 1,246,970
DEPRECIATION
At 1 April 2022 - 12,208 12,208
Charge for year 12,017 9,004 21,021
At 31 March 2023 12,017 21,212 33,229
NET BOOK VALUE
At 31 March 2023 1,177,722 36,019 1,213,741
At 31 March 2022 - 18,875 18,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 116,597 652,478
Other debtors 76,170 -
192,767 652,478

Eagle Art Limited (Registered number: 08945881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 15,237 102
Taxation and social security 220,792 338,035
Other creditors - 1,587
236,029 339,724