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REGISTERED NUMBER: 03677239 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BASELINE ARTS LIMITED

BASELINE ARTS LIMITED (REGISTERED NUMBER: 03677239)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BASELINE ARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A Esson
Mrs M Esson





SECRETARY: Mr A Esson





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





BUSINESS ADDRESS: The Old Barn
Hundley Way
Charlbury
Chipping Norton
Oxfordshire
OX7 3QE





REGISTERED NUMBER: 03677239 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

BASELINE ARTS LIMITED (REGISTERED NUMBER: 03677239)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,593 6,540
Investments 5 1 1
5,594 6,541

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 34,370 31,680
Cash at bank 319,638 260,383
355,008 293,063
CREDITORS
Amounts falling due within one year 7 61,047 48,738
NET CURRENT ASSETS 293,961 244,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,555

250,866

PROVISIONS FOR LIABILITIES 8 1,214 1,243
NET ASSETS 298,341 249,623

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 298,339 249,621
SHAREHOLDERS' FUNDS 298,341 249,623

BASELINE ARTS LIMITED (REGISTERED NUMBER: 03677239)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 9 August 2024 and were signed on its behalf by:





Mr A Esson - Director


BASELINE ARTS LIMITED (REGISTERED NUMBER: 03677239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Baseline Arts 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 financial statements are presented in sterling which is the functional currency of the company and 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.

Turnover
Turnover represents net invoiced services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

BASELINE ARTS LIMITED (REGISTERED NUMBER: 03677239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,575 26,754 29,329
Additions - 916 916
At 31 December 2023 2,575 27,670 30,245
DEPRECIATION
At 1 January 2023 2,057 20,732 22,789
Charge for year 130 1,733 1,863
At 31 December 2023 2,187 22,465 24,652
NET BOOK VALUE
At 31 December 2023 388 5,205 5,593
At 31 December 2022 518 6,022 6,540

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 500
PROVISIONS
At 1 January 2023
and 31 December 2023 499
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,744 27,390
Social security and other taxes - 539
VAT 1,626 3,336
Prepayments and accrued income - 415
34,370 31,680

BASELINE ARTS LIMITED (REGISTERED NUMBER: 03677239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,247 100
Credit card 826 815
Tax 20,362 9,748
Social security and other taxes 1,109 -
Other creditors 3,478 -
Directors' current accounts 28,725 34,877
Accruals and deferred income 3,300 3,198
61,047 48,738

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 1,214 1,243

Deferred
tax
£   
Balance at 1 January 2023 1,243
Credit to Income Statement during year (29 )
Balance at 31 December 2023 1,214

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr and Mrs Esson throughout the current and previous year by virtue of their shareholdings.