ARTMAX UK MANAGEMENT LIMITED

Company Registration Number:
12467590 (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

ARTMAX UK MANAGEMENT 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

ARTMAX UK MANAGEMENT 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 Artmax UK Management Limited (“the Company”) is providing management services to itsgroup companies.



Directors

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

Ming Wai Lau
Carmen Wong


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
14 August 2024

And signed on behalf of the board by:
Name: Ming Wai Lau
Status: Director

ARTMAX UK MANAGEMENT LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 2,077,354 120,000
Cost of sales: 0 0
Gross profit(or loss): 2,077,354 120,000
Administrative expenses: ( 1,824,769 ) ( 1,051,321 )
Other operating income: 12,200 17,096
Operating profit(or loss): 264,785 (914,225)
Interest receivable and similar income: 1,637
Interest payable and similar charges: ( 8,372 )
Profit(or loss) before tax: 256,413 (912,588)
Tax: ( 63,592 )
Profit(or loss) for the financial year: 192,821 (912,588)

ARTMAX UK MANAGEMENT LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 56,995 70,953
Total fixed assets: 56,995 70,953
Current assets
Debtors: 4 72,218 57,920
Cash at bank and in hand: 421,708 914,857
Total current assets: 493,926 972,777
Creditors: amounts falling due within one year: 5 ( 356,843 ) ( 178,337 )
Net current assets (liabilities): 137,083 794,440
Total assets less current liabilities: 194,078 865,393
Creditors: amounts falling due after more than one year: 6 ( 1,162,984 ) ( 2,023,957 )
Accruals and deferred income: ( 3,163 )
Total net assets (liabilities): (968,906) (1,161,727)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (968,907 ) (1,161,728 )
Total Shareholders' funds: ( 968,906 ) (1,161,727)

The notes form part of these financial statements

ARTMAX UK MANAGEMENT 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 14 August 2024
and signed on behalf of the board by:

Name: Ming Wai Lau
Status: Director

The notes form part of these financial statements

ARTMAX UK MANAGEMENT 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

ARTMAX UK MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 6

ARTMAX UK MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 64,571 8,040 5,493 20,847 98,951
Additions 370 370
Disposals
Revaluations
Transfers
At 31 December 2023 64,571 8,410 5,493 20,847 99,321
Depreciation
At 1 January 2023 13,353 3,500 2,621 8,524 27,998
Charge for year 6,457 2,603 1,098 4,170 14,328
On disposals
Other adjustments
At 31 December 2023 19,810 6,103 3,719 12,694 42,326
Net book value
At 31 December 2023 44,761 2,307 1,774 8,153 56,995
At 31 December 2022 51,218 4,540 2,872 12,323 70,953

ARTMAX UK MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 39,208
Other debtors 72,218 18,712
Total 72,218 57,920

ARTMAX UK MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 40,162 19,340
Taxation and social security 141,390 7,377
Accruals and deferred income 175,291 151,620
Total 356,843 178,337

ARTMAX UK MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 1,162,984 2,023,957
Total 1,162,984 2,023,957