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Company No: 08468216 (England and Wales)

EMANUEL VON BAEYER LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

EMANUEL VON BAEYER LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

EMANUEL VON BAEYER LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
EMANUEL VON BAEYER LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR Emanuel Von Baeyer
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 08468216 (England and Wales)
EMANUEL VON BAEYER LIMITED

BALANCE SHEET

As at 31 March 2024
EMANUEL VON BAEYER LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 49,312 6,962
49,312 6,962
Current assets
Stocks 449,108 353,872
Debtors 5 172,528 519,498
Cash at bank and in hand 232,006 163,453
853,642 1,036,823
Creditors: amounts falling due within one year 6 ( 334,469) ( 210,272)
Net current assets 519,173 826,551
Total assets less current liabilities 568,485 833,513
Creditors: amounts falling due after more than one year 7 ( 33,366) ( 37,960)
Net assets 535,119 795,553
Capital and reserves
Called-up share capital 100 100
Profit and loss account 535,019 795,453
Total shareholder's funds 535,119 795,553

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Emanuel Von Baeyer Limited (registered number: 08468216) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

Emanuel Von Baeyer
Director
EMANUEL VON BAEYER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
EMANUEL VON BAEYER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all the years presented, unless otherwise stated.

General information and basis of accounting

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS

The principal place of business is:
130-132 Hamilton Terrace
London
NW8 9UU

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention. The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Prior year adjustment

A prior year adjustment has been made to correct the closing stock as at 31 March 2023 and to recognise the dividend declared in the year ended 31 March 2023. This has decreased Debtors by £56,200 to £519,498 (previously reported £575,698) decreased Profit and loss account by £56,200 to £795,453 (previously reported £851,653), decreased closing stock by £4,782 to £353,872 (previously reported £358,654) and decreased purchases by £4,782 to £640,145 (previously reported £644,927).

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers. Income from the sales of works of art is recognised at the date when the risks and rewards of ownership of the item transfer to the purchaser. This is when the customer collects the artwork.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and machinery etc. 5 years straight line

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade and other debtors

Trade debtors are amounts due from customers for goods sold or services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelvemonths after the reporting date.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised costusing the effective interest method.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

2. Prior year adjustment

Being the prior year restatement to correct for the dividend declared within the year and adjustment to opening stock

As previously reported Adjustment As restated
Year ended 31 March 2023 £ £ £
Debtors 575,698 (56,200) 519,498
Profit and loss account (851,753) 56,200 (795,553)
Closing Stock (358,654) 4,782 (353,872)
Purchases 644,927 (4,782) 640,145

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 2 2

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 16,449 16,449
Additions 54,055 54,055
At 31 March 2024 70,504 70,504
Accumulated depreciation
At 01 April 2023 9,487 9,487
Charge for the financial year 11,705 11,705
At 31 March 2024 21,192 21,192
Net book value
At 31 March 2024 49,312 49,312
At 31 March 2023 6,962 6,962

5. Debtors

2024 2023
£ £
Trade debtors 827 516,564
Corporation tax 46,842 0
Other taxation and social security 6,781 2,661
Other debtors 118,078 273
172,528 519,498

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 219,254 87,028
Taxation and social security 32,170 92,017
Other creditors 83,045 31,227
334,469 210,272

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 33,366 37,960

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other creditors (repayable by instalments) 11,508 17,069

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Loan to director (Emanuel Von Baeyer) 95,319 0

During the year, Emanuel Von Baeyer Limited advanced £95,319 (2023 - £-) to Emanuel Von Baeyer, the director of the company. During the year, Emanuel Von Baeyer repaid £- (2023 - £-) to Emanuel Von Baeyer Limited. The loan is interest free and repayable on demand.