Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-01-01The principal activity of the company was that of provision of support services for Professional Artists and their estates.44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12723946 2023-01-01 2023-12-31 12723946 2022-01-01 2022-12-31 12723946 2023-12-31 12723946 2022-12-31 12723946 c:Director1 2023-01-01 2023-12-31 12723946 c:Director2 2023-01-01 2023-12-31 12723946 c:Director3 2023-01-01 2023-12-31 12723946 c:Director3 2023-12-31 12723946 c:Director4 2023-01-01 2023-12-31 12723946 c:Director4 2023-12-31 12723946 c:RegisteredOffice 2023-01-01 2023-12-31 12723946 d:CurrentFinancialInstruments 2023-12-31 12723946 d:CurrentFinancialInstruments 2022-12-31 12723946 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12723946 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12723946 d:ShareCapital 2023-12-31 12723946 d:ShareCapital 2022-12-31 12723946 d:RetainedEarningsAccumulatedLosses 2023-12-31 12723946 d:RetainedEarningsAccumulatedLosses 2022-12-31 12723946 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 12723946 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 12723946 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12723946 c:OrdinaryShareClass1 2023-12-31 12723946 c:OrdinaryShareClass1 2022-12-31 12723946 c:FRS102 2023-01-01 2023-12-31 12723946 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12723946 c:FullAccounts 2023-01-01 2023-12-31 12723946 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12723946 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12723946









ARTISTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARTISTATE LIMITED
 
 
COMPANY INFORMATION


Directors
C Hill 
P Valentin 
K Graham (resigned 1 August 2023)
D Davies (appointed 1 August 2023)




Registered number
12723946



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
ARTISTATE LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
ARTISTATE LIMITED
REGISTERED NUMBER: 12723946

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
750
1,650

Cash at bank and in hand
 5 
2,398
4,441

  
3,148
6,091

Creditors: amounts falling due within one year
 6 
(56,003)
(43,254)

Net current liabilities
  
 
 
(52,855)
 
 
(37,163)

Total assets less current liabilities
  
(52,855)
(37,163)

  

Net liabilities
  
(52,855)
(37,163)


Capital and reserves
  

Called up share capital 
 8 
4
4

Profit and loss account
  
(52,859)
(37,167)

  
(52,855)
(37,163)


Page 1

 
ARTISTATE LIMITED
REGISTERED NUMBER: 12723946
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Davies
Director

Date: 2 July 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

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

1.


General information

Artistate Limited is a private company, limited by shares, incorporated in England and Wales with registration number 12723946.  The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, England, EC4A 3AQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future.
The directors and shareholders confirm that they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

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

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Debtors

2023
2022
£
£


Trade debtors
750
250

Accrued income
-
1,400

750
1,650


Page 4

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

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,398
4,441



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,256
810

Other taxation and social security
929
-

Other creditors
52,818
41,104

Accruals
-
1,340

56,003
43,254



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,398
4,441




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4 (2022 - 4) Ordinary shares shares of £1.00 each
4
4


 
Page 5