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REGISTERED NUMBER: 09703974 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

DYS 44 Art Gallery Limited

DYS 44 Art Gallery Limited (Registered number: 09703974)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYS 44 Art Gallery Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: C Lampronti





REGISTERED OFFICE: 17 Grosvenor Street
Mayfair
London
W1K 4QG





REGISTERED NUMBER: 09703974 (England and Wales)






DYS 44 Art Gallery Limited (Registered number: 09703974)

Balance Sheet
31 July 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276 2,486

CURRENT ASSETS
Stocks 2,427,355 1,728,391
Debtors 5 321,313 144,217
Cash at bank 677,704 721,102
3,426,372 2,593,710
CREDITORS
Amounts falling due within one year 6 2,100,120 1,268,652
NET CURRENT ASSETS 1,326,252 1,325,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326,528

1,327,544

CREDITORS
Amounts falling due after more than one
year

7

1,229,307

1,229,307
NET ASSETS 97,221 98,237

CAPITAL AND RESERVES
Called up share capital 381,323 381,323
Retained earnings (284,102 ) (283,086 )
97,221 98,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DYS 44 Art Gallery Limited (Registered number: 09703974)

Balance Sheet - continued
31 July 2022


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 21 February 2024 and were signed by:





C Lampronti - Director


DYS 44 Art Gallery Limited (Registered number: 09703974)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

DYS 44 Art Gallery 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.

Plant and machinery - 33% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2021 - 1 ) .

DYS 44 Art Gallery Limited (Registered number: 09703974)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021
and 31 July 2022 6,630
DEPRECIATION
At 1 August 2021 4,144
Charge for year 2,210
At 31 July 2022 6,354
NET BOOK VALUE
At 31 July 2022 276
At 31 July 2021 2,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 277,762 22,852
Other debtors 29,640 106,783
VAT 13,911 14,582
321,313 144,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,684,784 939,622
Amounts owed to group undertakings 301,911 307,285
Other creditors 257 233
Directors' loan accounts 111,737 18,072
Accrued expenses 1,431 3,440
2,100,120 1,268,652

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 1,229,307 1,229,307

8. RELATED PARTY DISCLOSURES

At the end of the year, an amount of £301,911 (2021: £307,285) was due to the parent company. At the end of the year, an amount of £111,737.46 (2021: £18,072)) was due to the director.

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Art Broker Finance Limited, a company incorporated in the UK.