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REGISTERED NUMBER: 13023354 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

Arty-Parti Ltd

Arty-Parti Ltd (Registered number: 13023354)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arty-Parti Ltd

Company Information
For The Year Ended 30 November 2023







DIRECTORS: N Chapman
H M Duffee





REGISTERED OFFICE: Hafan Lane
Oxford Street
Aberaeron
SA46 0JB





REGISTERED NUMBER: 13023354 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Arty-Parti Ltd (Registered number: 13023354)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,570 191,504

CURRENT ASSETS
Debtors 5 286 158
Cash at bank 5,995 3,233
6,281 3,391
CREDITORS
Amounts falling due within one year 6 19,726 24,291
NET CURRENT LIABILITIES (13,445 ) (20,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,125

170,604

CREDITORS
Amounts falling due after more than one
year

7

178,827

174,588
NET LIABILITIES (10,702 ) (3,984 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (10,704 ) (3,986 )
SHAREHOLDERS' FUNDS (10,702 ) (3,984 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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-Parti Ltd (Registered number: 13023354)

Balance Sheet - continued
30 November 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 26 July 2024 and were signed on its behalf by:




N Chapman - Director



H M Duffee - Director


Arty-Parti Ltd (Registered number: 13023354)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Arty-Parti Ltd 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.

Going concern
Although the company is insolvent, the accounts are prepared on a going concern basis as it is the directors' view that the company can meet its obligations for the foreseeable future. The directors will continue to support the company through the directors' loan accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 20% on cost
Furniture and equipment - 20% on cost

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Arty-Parti Ltd (Registered number: 13023354)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Furniture
Freehold to and
property property equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 168,750 21,177 11,618 201,545
DEPRECIATION
At 1 December 2022 3,375 4,201 2,465 10,041
Charge for year 3,375 4,235 2,324 9,934
At 30 November 2023 6,750 8,436 4,789 19,975
NET BOOK VALUE
At 30 November 2023 162,000 12,741 6,829 181,570
At 30 November 2022 165,375 16,976 9,153 191,504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments 286 158

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 1,939 1,789
Directors' current accounts 16,152 21,152
Accrued expenses 1,635 1,350
19,726 24,291

Arty-Parti Ltd (Registered number: 13023354)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 43,814 45,462
Directors' loan accounts 135,013 129,126
178,827 174,588

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 45,753 47,251