ART FUND SERVICES LIMITED

Company Registration Number:
01487654 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ART FUND SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ART FUND SERVICES LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is selling advertising space and affinity holidays on behalf of National Art Collections Fund (Art Fund).

Political and charitable donations

Charitable donations:All profits in the year are donated to Art Fund by way of Gift Aid.

Additional information

Results and dividendsReview of the business and future developmentsStatement of directors’ responsibilities



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Jenny Waldman
Jeremy Palmer


Secretary Sarah Cosby

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 May 2024

And signed on behalf of the board by:
Name: Jeremy Palmer
Status: Director

ART FUND SERVICES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 146,678 104,822
Cost of sales: ( 24,951 ) ( 19,692 )
Gross profit(or loss): 121,727 85,130
Distribution costs: 0 0
Administrative expenses: ( 4,592 ) ( 10,672 )
Other operating income: 0 0
Operating profit(or loss): 117,135 74,458
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 117,135 74,458
Tax: 0 0
Profit(or loss) for the financial year: 117,135 74,458

ART FUND SERVICES LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 0 60
Debtors: 4 66,669 33,345
Cash at bank and in hand: 34,270 288,382
Investments:   0 0
Total current assets: 100,939 321,787
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 97,660 ) ( 318,508 )
Net current assets (liabilities): 3,279 3,279
Total assets less current liabilities: 3,279 3,279
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,279 3,279
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,179 3,179
Total Shareholders' funds: 3,279 3,279

The notes form part of these financial statements

ART FUND SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 May 2024
and signed on behalf of the board by:

Name: Jeremy Palmer
Status: Director

The notes form part of these financial statements

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Stocks

2023 2022
£ £
Stocks 0 60
Payments on account 0 0
Total 0 60

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 66,669 33,345
Total 66,669 33,345

ART FUND SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 5,950 11,937
Other creditors 91,710 306,571
Total 97,660 318,508