Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09751048 2022-09-01 2023-08-31 09751048 2021-09-01 2022-08-31 09751048 2023-08-31 09751048 2022-08-31 09751048 c:Director1 2022-09-01 2023-08-31 09751048 d:OfficeEquipment 2022-09-01 2023-08-31 09751048 d:OfficeEquipment 2023-08-31 09751048 d:OfficeEquipment 2022-08-31 09751048 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09751048 d:ComputerEquipment 2022-09-01 2023-08-31 09751048 d:ComputerEquipment 2023-08-31 09751048 d:ComputerEquipment 2022-08-31 09751048 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09751048 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09751048 d:CurrentFinancialInstruments 2023-08-31 09751048 d:CurrentFinancialInstruments 2022-08-31 09751048 d:Non-currentFinancialInstruments 2023-08-31 09751048 d:Non-currentFinancialInstruments 2022-08-31 09751048 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09751048 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 09751048 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 09751048 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 09751048 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 09751048 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 09751048 d:ShareCapital 2023-08-31 09751048 d:ShareCapital 2022-08-31 09751048 d:SharePremium 2023-08-31 09751048 d:SharePremium 2022-08-31 09751048 d:CapitalRedemptionReserve 2023-08-31 09751048 d:CapitalRedemptionReserve 2022-08-31 09751048 d:RetainedEarningsAccumulatedLosses 2023-08-31 09751048 d:RetainedEarningsAccumulatedLosses 2022-08-31 09751048 c:OrdinaryShareClass1 2022-09-01 2023-08-31 09751048 c:OrdinaryShareClass1 2023-08-31 09751048 c:OrdinaryShareClass1 2022-08-31 09751048 c:FRS102 2022-09-01 2023-08-31 09751048 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09751048 c:FullAccounts 2022-09-01 2023-08-31 09751048 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09751048 2 2022-09-01 2023-08-31 09751048 6 2022-09-01 2023-08-31 09751048 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09751048









ARTVISOR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
ARTVISOR LIMITED
REGISTERED NUMBER: 09751048

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
56,361
62,119

Investments
 5 
100
100

  
56,461
62,219

Current assets
  

Debtors: amounts falling due within one year
 6 
28,845
110,159

Cash at bank and in hand
 7 
63,932
90,678

  
92,777
200,837

Creditors: amounts falling due within one year
 8 
(90,532)
(93,759)

Net current assets
  
 
 
2,245
 
 
107,078

Total assets less current liabilities
  
58,706
169,297

Creditors: amounts falling due after more than one year
 9 
(525,156)
(537,707)

  

Net liabilities
  
(466,450)
(368,410)


Capital and reserves
  

Called up share capital 
 11 
215
172

Share premium account
  
647,615
599,865

Capital redemption reserve
  
29
29

Profit and loss account
  
(1,114,309)
(968,476)

  
(466,450)
(368,410)


Page 1

 
ARTVISOR LIMITED
REGISTERED NUMBER: 09751048
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 statement of comprehensive income 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: 




P Tomassoni
Director

Date: 29 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARTVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Artvisor Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (Registered number: 09751048). The registered office is 101 New Cavendish Street,1st Floor South, London, W1W 6XH.
The principal activity of the company is continued to be that of art advisory.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ARTVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
IT platform
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

Page 4

 
ARTVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Office equipment
IT Platform
Total

£
£
£



Cost or valuation


At 1 September 2022
1,839
197,503
199,342


Additions
-
7,834
7,834



At 31 August 2023

1,839
205,337
207,176



Depreciation


At 1 September 2022
921
136,303
137,224


Charge for the year on owned assets
229
13,362
13,591



At 31 August 2023

1,150
149,665
150,815



Net book value



At 31 August 2023
689
55,672
56,361



At 31 August 2022
918
61,200
62,118


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2022
100



At 31 August 2023
100




Page 5

 
ARTVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Debtors

2023
2022
£
£


Trade debtors
18,636
98,688

Other debtors
10,209
10,196

Prepayments and accrued income
-
1,275

28,845
110,159



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
63,932
90,678

63,932
90,678



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
32,394
4,757

Amounts owed to group undertakings
826
206

Other taxation and social security
20,507
5,154

Other creditors
9,467
19,394

Accruals and deferred income
27,338
64,248

90,532
93,759



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
525,156
537,707

525,156
537,707


Page 6

 
ARTVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Other loans
525,155
537,709


525,155
537,709


525,155
537,709



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



21,470 (2022 - 17,176) Ordinary shares of £0.01 each
215
172




 
Page 7