Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-0111truetruefalse 06031615 2023-01-01 2023-12-31 06031615 2022-01-01 2022-12-31 06031615 2023-12-31 06031615 2022-12-31 06031615 c:Director1 2023-01-01 2023-12-31 06031615 d:FurnitureFittings 2023-01-01 2023-12-31 06031615 d:FurnitureFittings 2023-12-31 06031615 d:FurnitureFittings 2022-12-31 06031615 d:CurrentFinancialInstruments 2023-12-31 06031615 d:CurrentFinancialInstruments 2022-12-31 06031615 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06031615 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06031615 d:ShareCapital 2023-12-31 06031615 d:ShareCapital 2022-12-31 06031615 d:RetainedEarningsAccumulatedLosses 2023-12-31 06031615 d:RetainedEarningsAccumulatedLosses 2022-12-31 06031615 c:FRS102 2023-01-01 2023-12-31 06031615 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06031615 c:FullAccounts 2023-01-01 2023-12-31 06031615 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06031615 2 2023-01-01 2023-12-31 06031615 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06031615










ART IN PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ART IN PROPERTY LIMITED
REGISTERED NUMBER: 06031615

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,275
55,177

  
8,275
55,177

Current assets
  

Debtors: amounts falling due within one year
 5 
862
2,397

Cash at bank and in hand
  
112,224
111,835

  
113,086
114,232

Creditors: amounts falling due within one year
 6 
(53,343)
(53,598)

Net current assets
  
 
 
59,743
 
 
60,634

Total assets less current liabilities
  
68,018
115,811

  

Net assets
  
68,018
115,811


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
67,918
115,711

  
68,018
115,811

Page 1

 
ART IN PROPERTY LIMITED
REGISTERED NUMBER: 06031615
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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: 




P H Shapeero
Director

Date: 24 September 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ART IN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is 50 Fenchurch Street, 5th Floor, London, EC3M 3JY.

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

Revenue

Revenue from a hire agreement is recognised in the period in which the services are provided on an accrual basis in accordance with the terms of the agreement.

 
2.3

Interest income

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

 
2.4

Tangible fixed assets and depreciation

Fixed assets are included in the balance sheet at cost and are not depreciated as, in the Director's opinion, the assets residual value is not deemed to be materially different to the cost. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company. An impairment review is undertaken annually.


 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

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.
Page 3

 
ART IN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 within the operating cycle fall into this category of financial instruments.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 4

 
ART IN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

  
2.9

Taxation

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
ART IN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 January 2023
55,177



At 31 December 2023

55,177



Impairment


Impairment charge
46,902



At 31 December 2023

46,902



Net book value



At 31 December 2023
8,275



At 31 December 2022
55,177

Page 6

 
ART IN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
1,543

Other debtors
862
854

862
2,397



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
53,343
52,653

Accruals and deferred income
-
945

53,343
53,598


 
Page 7