Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28falsetruetruefalse2023-03-01No description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1 08905302 2023-03-01 2024-02-28 08905302 2022-03-01 2023-02-28 08905302 2024-02-28 08905302 2023-02-28 08905302 c:Director1 2023-03-01 2024-02-28 08905302 d:CurrentFinancialInstruments 2024-02-28 08905302 d:CurrentFinancialInstruments 2023-02-28 08905302 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 08905302 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08905302 d:ShareCapital 2024-02-28 08905302 d:ShareCapital 2023-02-28 08905302 d:RetainedEarningsAccumulatedLosses 2024-02-28 08905302 d:RetainedEarningsAccumulatedLosses 2023-02-28 08905302 c:OrdinaryShareClass1 2023-03-01 2024-02-28 08905302 c:OrdinaryShareClass1 2024-02-28 08905302 c:OrdinaryShareClass1 2023-02-28 08905302 c:FRS102 2023-03-01 2024-02-28 08905302 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08905302 c:FullAccounts 2023-03-01 2024-02-28 08905302 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08905302 e:PoundSterling 2023-03-01 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08905302














ODALISQUE FINE ART LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  28 FEBRUARY 2024

 
ODALISQUE FINE ART LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 3


 
ODALISQUE FINE ART LIMITED
REGISTERED NUMBER:08905302

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
11,108
11,108

Cash at bank and in hand
  
50
95

  
11,158
11,203

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(4,644)
(3,574)

Net current assets
  
 
 
6,514
 
 
7,629

  

Net assets
  
6,514
7,629


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
6,414
7,529

  
6,514
7,629


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 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 on 14 November 2024.




J A G Wijermars
Director

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

Page 1

 
ODALISQUE FINE ART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

Odalisque Fine Art Limited is a limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance via Davies Street), London, W1K 3NB.
The principal activity of the Company during the year was that of the sale of art merchandise.
The Company's functional and presentational currency is £ sterling.

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

The Company made a loss for the year. The Director has obtained assurance from the Shareholder that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Basic Financial Instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 2

 
ODALISQUE FINE ART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).


4.


Stocks

2024
2023
£
£

Finished goods and goods for resale
11,108
11,108



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,438
1,155

Other creditors
2,106
840

Accruals and deferred income
1,100
1,579

4,644
3,574



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1 each
100
100


 
Page 3