Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12839079 2022-09-01 2023-08-31 12839079 2021-09-01 2022-08-31 12839079 2023-08-31 12839079 2022-08-31 12839079 c:Director1 2022-09-01 2023-08-31 12839079 d:FurnitureFittings 2022-09-01 2023-08-31 12839079 d:FurnitureFittings 2023-08-31 12839079 d:FurnitureFittings 2022-08-31 12839079 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12839079 d:ComputerEquipment 2022-09-01 2023-08-31 12839079 d:ComputerEquipment 2023-08-31 12839079 d:ComputerEquipment 2022-08-31 12839079 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12839079 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12839079 d:CurrentFinancialInstruments 2023-08-31 12839079 d:CurrentFinancialInstruments 2022-08-31 12839079 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12839079 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12839079 d:ShareCapital 2023-08-31 12839079 d:ShareCapital 2022-08-31 12839079 d:RetainedEarningsAccumulatedLosses 2023-08-31 12839079 d:RetainedEarningsAccumulatedLosses 2022-08-31 12839079 c:OrdinaryShareClass1 2022-09-01 2023-08-31 12839079 c:OrdinaryShareClass1 2023-08-31 12839079 c:OrdinaryShareClass1 2022-08-31 12839079 c:FRS102 2022-09-01 2023-08-31 12839079 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12839079 c:FullAccounts 2022-09-01 2023-08-31 12839079 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12839079









LEONIE MIR FINE ARTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
LEONIE MIR FINE ARTS LIMITED
REGISTERED NUMBER: 12839079

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,041
4,984

  
5,041
4,984

Current assets
  

Debtors: amounts falling due within one year
 5 
12,098
2,550

Cash at bank and in hand
 6 
1,512
2,111

  
13,610
4,661

Creditors: amounts falling due within one year
 7 
(15,991)
(9,287)

Net current liabilities
  
 
 
(2,381)
 
 
(4,626)

Total assets less current liabilities
  
2,660
358

  

Net assets
  
2,660
358


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
2,560
258

  
2,660
358


Page 1

 
LEONIE MIR FINE ARTS LIMITED
REGISTERED NUMBER: 12839079
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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 her 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 comprehensive income 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 by: 




Leonie Mir
Director

Date: 5 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LEONIE MIR FINE ARTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Leonie Mir Fine Arts Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional and presentational currency of the company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
LEONIE MIR FINE ARTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

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.

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:

Fixtures and fittings
-
25%
Straight line method
Computer equipment
-
33%
Straight line method

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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
LEONIE MIR FINE ARTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2022
5,081
2,151
7,232


Additions
1,440
785
2,225



At 31 August 2023

6,521
2,936
9,457



Depreciation


At 1 September 2022
1,537
711
2,248


Charge for the year on owned assets
1,270
898
2,168



At 31 August 2023

2,807
1,609
4,416



Net book value



At 31 August 2023
3,714
1,327
5,041



At 31 August 2022
3,544
1,440
4,984


5.


Debtors

2023
2022
£
£


Other debtors
78
-

Prepayments and accrued income
12,020
2,550

12,098
2,550



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,512
2,111

1,512
2,111


Page 5

 
LEONIE MIR FINE ARTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,242
4,019

Other creditors
1,449
388

Accruals and deferred income
7,300
4,880

15,991
9,287



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6