Silverfin false false 30/11/2023 01/12/2022 30/11/2023 D Campbell 24/06/2009 Lord C Fitzroy R Lane Fox 30/11/2000 Countess L M Litchfield 30/11/2000 Jane C Rae 11 August 2024 The principal activity of the Company during the financial year is the provision of fine art courses, lectures and tours. 01855176 2023-11-30 01855176 bus:Director1 2023-11-30 01855176 bus:Director3 2023-11-30 01855176 bus:Director4 2023-11-30 01855176 core:CurrentFinancialInstruments 2023-11-30 01855176 core:CurrentFinancialInstruments 2022-11-30 01855176 2022-11-30 01855176 core:ShareCapital 2023-11-30 01855176 core:ShareCapital 2022-11-30 01855176 core:RetainedEarningsAccumulatedLosses 2023-11-30 01855176 core:RetainedEarningsAccumulatedLosses 2022-11-30 01855176 core:FurnitureFittings 2022-11-30 01855176 core:ComputerEquipment 2022-11-30 01855176 core:FurnitureFittings 2023-11-30 01855176 core:ComputerEquipment 2023-11-30 01855176 2022-12-01 2023-11-30 01855176 bus:FilletedAccounts 2022-12-01 2023-11-30 01855176 bus:SmallEntities 2022-12-01 2023-11-30 01855176 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 01855176 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01855176 bus:Director1 2022-12-01 2023-11-30 01855176 bus:Director2 2022-12-01 2023-11-30 01855176 bus:Director3 2022-12-01 2023-11-30 01855176 bus:Director4 2022-12-01 2023-11-30 01855176 bus:Director5 2022-12-01 2023-11-30 01855176 core:FurnitureFittings core:TopRangeValue 2022-12-01 2023-11-30 01855176 core:ComputerEquipment core:TopRangeValue 2022-12-01 2023-11-30 01855176 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Company No: 01855176 (England and Wales)

FINE ART TRAVEL LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

FINE ART TRAVEL LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

FINE ART TRAVEL LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
FINE ART TRAVEL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS D Campbell
Lord C Fitzroy
R Lane Fox
Countess L M Litchfield
Jane C Rae
SECRETARY Lord C Fitzroy
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS 17 Clifford Street
London
W1S 3RQ
COMPANY NUMBER 01855176 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
FINE ART TRAVEL LIMITED

BALANCE SHEET

As at 30 November 2023
FINE ART TRAVEL LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
2023 2022
£ £
Current assets
Debtors 4, 6 9,706 10,745
Cash at bank and in hand 47,430 69,134
57,136 79,879
Creditors: amounts falling due within one year 5 ( 56,802) ( 79,636)
Net current assets 334 243
Total assets less current liabilities 334 243
Net assets 334 243
Capital and reserves
Called-up share capital 100 100
Profit and loss account 234 143
Total shareholders' funds 334 243

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fine Art Travel Limited (registered number: 01855176) were approved and authorised for issue by the Board of Directors on 11 August 2024. They were signed on its behalf by:

Jane C Rae
Director
FINE ART TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
FINE ART TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fine Art Travel Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is 17 Clifford Street, London, W1S 3RQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is the invoice value of fine art courses, lectures and tours that commenced prior to the balance sheet date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Government grants

Government grants are accounted for on accrual basis

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 December 2022 6,442 15,625 22,067
At 30 November 2023 6,442 15,625 22,067
Accumulated depreciation
At 01 December 2022 6,442 15,625 22,067
At 30 November 2023 6,442 15,625 22,067
Net book value
At 30 November 2023 0 0 0
At 30 November 2022 0 0 0

4. Debtors

2023 2022
£ £
Trade debtors 4,650 9,800
Other debtors 5,056 945
9,706 10,745

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 7,476 685
Other creditors 49,326 78,951
56,802 79,636

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Advances to directors 5,056 0

Interest free loan to participator is repayable on demand.