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REGISTERED NUMBER: 09386652 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Eden Fine Art London Limited

Eden Fine Art London Limited (Registered number: 09386652)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

Eden Fine Art London Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Ms C Azoulay Klimovsky





REGISTERED OFFICE: 103 New Bond Street
Mayfair
London
W1S 1ST





REGISTERED NUMBER: 09386652 (England and Wales)





ACCOUNTANTS: ERB London
1-2 Charterhouse Mews
London
EC1M 6BB

Eden Fine Art London Limited (Registered number: 09386652)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 227,998 31,623

CURRENT ASSETS
Debtors 5 5,539,134 5,487,975
Cash at bank and in hand 98,868 134,643
5,638,002 5,622,618
CREDITORS
Amounts falling due within one year 6 (3,915,287 ) (3,920,579 )
NET CURRENT ASSETS 1,722,715 1,702,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,950,713

1,733,662

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,950,712 1,733,661
SHAREHOLDERS' FUNDS 1,950,713 1,733,662

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

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



Ms C Azoulay Klimovsky - Director


Eden Fine Art London Limited (Registered number: 09386652)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Eden Fine Art London 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements - 22% Straight line
Furniture & Fixtures - 20% Straight line
Computer Equipment - 33% Straight line
Motor Vehicles - 5 Year Straight line
Plant & Machinery - 20% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Eden Fine Art London Limited (Registered number: 09386652)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

At the balance sheet date the company has the following commitments under an operating lease that can expire after 4 years of:
£
Rent due within 1 year1,215,000
Rent due between 1 and 5 years1,501,273
2,716,273

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 495,896
Additions 249,514
Disposals (7,333 )
At 31 December 2023 738,077
DEPRECIATION
At 1 January 2023 464,273
Charge for year 45,953
Eliminated on disposal (147 )
At 31 December 2023 510,079
NET BOOK VALUE
At 31 December 2023 227,998
At 31 December 2022 31,623

Eden Fine Art London Limited (Registered number: 09386652)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 579,451 295,950
Amounts owed by associates 3,770,274 3,410,286
Other debtors 1,189,409 1,781,739
5,539,134 5,487,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 166,299 273,058
Amounts owed to associates 43,149 1,468
Taxation and social security 97,430 184,675
Other creditors 3,608,409 3,461,378
3,915,287 3,920,579

7. RELATED PARTY DISCLOSURES

At the balance sheet date the following balances were outstanding:

£
Balance due from Eden Gallery Ltd1,971,686

Balance due from Eden Fine Art Mykonos Ike712,396

Balance due from Eden Fine Art NY Inc (Madison)154,139

Balance due from Eden Fine Art Aspen Inc355,688

Balance due from Eden Fine Art Dubai Inc237,885

Balance due from Care Creations NY Inc (Soho)338,480

Balance due to Eden Fine Art Miami Inc26,561

Balance due to Eden Gallery 5th Avenue 16,588

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C Azoulay Klimovsky.

9. CASH AND CASH EQUIVALENTS

Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise of cash within the bank.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Eden Fine Art London Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eden Fine Art London Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Eden Fine Art London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of and Eden Fine Art London Limited state those matters that we have agreed to state to the director of Eden Fine Art London Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eden Fine Art London Limited and its director for our work or for this report.

It is your duty to ensure that Eden Fine Art London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eden Fine Art London Limited. You consider that Eden Fine Art London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eden Fine Art London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ERB London
1-2 Charterhouse Mews
London
EC1M 6BB


26 December 2024