2023-01-012023-12-312023-12-31false07671613THE PIED-A-TERRE ART CLUB 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THE PIED-A-TERRE ART CLUB LIMITED

Registered Number
07671613
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

THE PIED-A-TERRE ART CLUB LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Judy Bayer

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

07671613 (England and Wales)
THE PIED-A-TERRE ART CLUB LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks483,33498,040
Debtors596740,755
Cash at bank and on hand155,963159,479
240,264298,274
Creditors amounts falling due within one year6(172,407)(199,335)
Net current assets (liabilities)67,85798,939
Total assets less current liabilities67,85798,939
Net assets67,85798,939
Capital and reserves
Called up share capital11
Profit and loss account67,85698,938
Shareholders' funds67,85798,939
The financial statements were approved and authorised for issue by the Director on 31 July 2024, and are signed on its behalf by:
Judy Bayer
Director
Registered Company No. 07671613
THE PIED-A-TERRE ART CLUB LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The Pied-A-Terre Art Club Limited is a private company limited by shares and registered in England and Wales (registration number: 07671613). The company's registered office address is 101 New Cavendish Street, London, W1W 6XH.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 231,1981,198
At 31 December 231,1981,198
Depreciation and impairment
At 01 January 231,1981,198
At 31 December 231,1981,198
Net book value
At 31 December 23--
At 31 December 22--
4.Stocks

2023

2022

££
Other stocks83,33498,040
Total83,33498,040
5.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings-40,025
Other debtors967730
Total96740,755
6.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties-10,920
Other creditors139,907118,240
Accrued liabilities and deferred income32,50070,175
Total172,407199,335
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Related party transactions
Included in other creditors is £139,907 (2022: £117,067) owed to the director of the company.