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REGISTERED NUMBER: 11520655 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Arthouse Gallery Bar Limited

Arthouse Gallery Bar Limited (Registered number: 11520655)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arthouse Gallery Bar Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Miss K E Carmichael





REGISTERED OFFICE: Suite 1
The Riverside Building
Livingstone Road
Hessle
East Yorkshire
HU13 0DZ





REGISTERED NUMBER: 11520655 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Arthouse Gallery Bar Limited (Registered number: 11520655)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 3,000 4,265
Debtors 4 23,526 3,166
Cash at bank 10,058 32,676
36,584 40,107
CREDITORS
Amounts falling due within one year 5 36,285 10,081
NET CURRENT ASSETS 299 30,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

299

30,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 199 29,926
299 30,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Miss K E Carmichael - Director


Arthouse Gallery Bar Limited (Registered number: 11520655)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Arthouse Gallery Bar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company operates a bar for the sale of alcoholic and non-alcoholic beverages. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Sales are usually by cash, credit or payment card.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Arthouse Gallery Bar Limited (Registered number: 11520655)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 23,526 3,166

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 35,385 8,641
Other creditors 900 1,440
36,285 10,081