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Registered Number: 09711327
England and Wales

 

 

 

ART OF TRADING LTD.


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Touri Yacine Ferhat
Registered Number 09711327
Registered Office 6-7 Waterside
Station road
Harpenden
Hertfordshire
AL5 4US
Accountants Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 3,835,350    3,835,350 
3,835,350    3,835,350 
Current assets      
Stocks 4 21,481    21,481 
Cash at bank and in hand 424    2,908 
21,905    24,389 
Creditors: amount falling due within one year 5 (20,269)   (34,282)
Net current assets 1,636    (9,893)
 
Total assets less current liabilities 3,836,986    3,825,457 
Creditors: amount falling due after more than one year 6 (1,002,315)   (1,002,788)
Net assets 2,834,671    2,822,669 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 7 2,835,350    2,835,350 
Profit and loss account (779)   (12,781)
Shareholders' funds 2,834,671    2,822,669 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 21 August 2024 and were signed by:


-------------------------------
Touri Yacine Ferhat
Director
2
General Information
Art of Trading Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09711327, registration address 6-7 Waterside, Station road, Harpenden, Hertfordshire, AL5 4US.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 3,835,350    3,835,350 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 3,835,350    3,835,350 

4.

Stocks

2023
£
  2022
£
Stocks 21,481    21,481 
21,481    21,481 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 540    2,952 
Bank Loans & Overdrafts 3,157    4,000 
Taxation and Social Security 7,287    3,817 
Other Creditors 9,285    23,513 
20,269    34,282 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Trade Creditors 973,235    973,235 
Bank Loans & Overdrafts 15,780    16,253 
Other Creditors 13,300    13,300 
1,002,315    1,002,788 

7.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 2,835,350    2,835,350 
2,835,350    2,835,350 

3