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REGISTERED NUMBER: 07337663 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ARTY PROPERTIES LIMITED

ARTY PROPERTIES LIMITED (REGISTERED NUMBER: 07337663)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARTY PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: R Shaw
Mrs J Shaw





SECRETARY: Mrs J Shaw





REGISTERED OFFICE: Normandale Stables
32 Rodney Hill
Sheffield
South Yorkshire
S6 6SG





REGISTERED NUMBER: 07337663 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

ARTY PROPERTIES LIMITED (REGISTERED NUMBER: 07337663)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 584,461 571,716

CURRENT ASSETS
Cash at bank 2,065 2,281

CREDITORS
Amounts falling due within one year 5 25,473 20,890
NET CURRENT LIABILITIES (23,408 ) (18,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,053

553,107

CREDITORS
Amounts falling due after more than one
year

6

(10,399

)

(15,198

)

PROVISIONS FOR LIABILITIES (22,608 ) (23,164 )
NET ASSETS 528,046 514,745

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Share premium 432,004 432,004
Fair value reserve 7 68,500 68,500
Retained earnings 23,542 10,241
SHAREHOLDERS' FUNDS 528,046 514,745

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

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

The directors acknowledge their 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.

ARTY PROPERTIES LIMITED (REGISTERED NUMBER: 07337663)

BALANCE SHEET - continued
31 July 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 Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





R Shaw - Director


ARTY PROPERTIES LIMITED (REGISTERED NUMBER: 07337663)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Arty Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

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.
Investment properties - not provided (see policy note below)
Plant and machinery etc - 25% on reducing balance

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.

ARTY PROPERTIES LIMITED (REGISTERED NUMBER: 07337663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland " investment properties are revalued annually and the aggregate surplus or deficit after taxation is transferred to a fair value reserve. The Directors consider that this accounting policy results in the financial statements giving a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Investment machinery
properties etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 544,000 37,420 581,420
Additions 15,802 - 15,802
At 31 July 2023 559,802 37,420 597,222
DEPRECIATION
At 1 August 2022 - 9,704 9,704
Charge for year - 3,057 3,057
At 31 July 2023 - 12,761 12,761
NET BOOK VALUE
At 31 July 2023 559,802 24,659 584,461
At 31 July 2022 544,000 27,716 571,716

Cost or valuation at 31 July 2023 is represented by:

Plant and
Investment machinery
properties etc Totals
£    £    £   
Valuation in 2023 86,016 - 86,016
Cost 473,786 37,420 511,206
559,802 37,420 597,222

ARTY PROPERTIES LIMITED (REGISTERED NUMBER: 07337663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 473,786 457,984

Investment properties were valued on an open market basis on 31 July 2023 by the company directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 4,799 4,799
Taxation and social security 7,703 3,945
Other creditors 12,971 12,146
25,473 20,890

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 10,399 15,198

7. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 68,500

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £2,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is R Shaw.