CORNELIA FINE ART LIMITED
REGISTERED NUMBER: 08090981
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Notes
Cornelia Fine Art Limited is a private company limited by shares incorporated in England. The address of the registered ofifce is 8th Floor, Becket House, 36 Old Jewry, London, EC2R 8DD.
Average number of employees
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The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
Director's confirmations
The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the 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 8 February 2024.
The notes on page 2 form part of these financial statements.
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CORNELIA FINE ART LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
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Related party transactions
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Purchases of £- (2022: £160,879) and sales of artwork worth £631,069 (2022: £216,633) were made to Repetto Ltd, a related company by virtue of common directorship.
Purchases of £554,077 (2022: £725,444) and sales of £11,200 (2022: £20,855 ) were made to De Primi Fine Art sa, a related company by virtue of common directorship.
During the year, Sara Repetto who is Mr S Repetto's daughter invoiced the company £2,609 (2022: £2,554) for consultancy services.
During the year, Gaia Repetto who is Mr S Repetto's daughter invoiced the company £2,941 (2022: £2,383) for artwork.
Mr S Repetto, the director invoiced the company £13,067 (2022: £15,321) for consultancy services and £8,651 (2022: £10,000) for artwork. The company invoiced Mr S Repetto £NIL (2022: £34,000) for artwork.
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