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Company Registration No. 8365604 (England and Wales)
The Art Hound London Limited Unaudited accounts for filing with The Registrar for the year ended 31 March 2023
The Art Hound London Limited Unaudited accounts for filing with The Registrar Contents
Page
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The Art Hound London Limited Company Information for the year ended 31 March 2023
Directors
Mr T Arnold Ms N Dawn
Company Number
8365604 (England and Wales)
Registered Office
Unit 16 Burwash Manor Farm New Road Barton Cambridge CB23 7EY
Accountants
Andrew Yaras & Co. 2 Fishpool Street St Albans Herts AL3 4RT
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The Art Hound London Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,622 
3,896 
Current assets
Inventories
17,574 
14,424 
Debtors
24,100 
20,583 
Cash at bank and in hand
5,646 
22,363 
47,320 
57,370 
Creditors: amounts falling due within one year
(38,832)
(38,562)
Net current assets
8,488 
18,808 
Net assets
11,110 
22,704 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
11,107 
22,701 
Shareholders' funds
11,110 
22,704 
For the year ending 31 March 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by
Mr T Arnold Director Company Registration No. 8365604
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The Art Hound London Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
The Art Hound London Limited is a private company, limited by shares, registered in England and Wales, registration number 8365604. The registered office is Unit 16 Burwash Manor Farm, New Road, Barton, Cambridge, CB23 7EY.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Government grants
Government support grants are recognised in the accounts in other income on a systematic basis in the period that the relief relates to.
Taxation
Taxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Creditors and provisions
Trade creditors are recognised at their transaction value. Other creditors are included at fair value.
Trade and other debtors
Trade and other debtors are recognised at the transaction value, less any impairment.
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The Art Hound London Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
6,791 
Additions
400 
At 31 March 2023
7,191 
Depreciation
At 1 April 2022
2,895 
Charge for the year
1,674 
At 31 March 2023
4,569 
Net book value
At 31 March 2023
2,622 
At 31 March 2022
3,896 
5
Transactions with related parties
At 31 March 2023 there were loans owing by directors of £9,700 (2022: £15,108 due to directors). The loans were repaid by 31 December 2023 with interest at 2%.
6
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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