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REGISTERED NUMBER: 13424411 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LONDONART WALLPAPER UK LTD

LONDONART WALLPAPER UK LTD (REGISTERED NUMBER: 13424411)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDONART WALLPAPER UK LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: J A Troostwyk





REGISTERED OFFICE: First Floor, South Dome, 120 Design Cent
Chelsea Harbour,lots Road
London
SW10 0XE





REGISTERED NUMBER: 13424411 (England and Wales)





ACCOUNTANTS: Vera Group Ltd
15 Hanover Square
London
W1S 1HS

LONDONART WALLPAPER UK LTD (REGISTERED NUMBER: 13424411)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,916 25,745

CURRENT ASSETS
Debtors 5 21,183 25,404
Cash at bank and in hand 26,056 28,231
47,239 53,635
CREDITORS
Amounts falling due within one year 6 264,153 171,112
NET CURRENT LIABILITIES (216,914 ) (117,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(201,998

)

(91,732

)

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Other reserves 146,386 146,386
Retained earnings (368,384 ) (258,118 )
(201,998 ) (91,732 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LONDONART WALLPAPER UK LTD (REGISTERED NUMBER: 13424411)

BALANCE SHEET - continued
31 December 2024


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 15 May 2025 and were signed by:





J A Troostwyk - Director


LONDONART WALLPAPER UK LTD (REGISTERED NUMBER: 13424411)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Londonart Wallpaper Uk Ltd 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.

Going concern
The financial statements have been prepared on the going concern basis. At the balance sheet date the company has net current liabilities. The director is of the opinion that the shareholder of the company will support it, and provide adequate funding necessary to enable it to meet its obligations for the foreseeable future, being for period of at least twelve months from the date of the financial statements.

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.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.


LONDONART WALLPAPER UK LTD (REGISTERED NUMBER: 13424411)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 47,442 283 1,220 1,942 50,887
Additions - - 2,065 - 2,065
At 31 December 2024 47,442 283 3,285 1,942 52,952
DEPRECIATION
At 1 January 2024 23,598 135 593 816 25,142
Charge for year 11,860 71 477 486 12,894
At 31 December 2024 35,458 206 1,070 1,302 38,036
NET BOOK VALUE
At 31 December 2024 11,984 77 2,215 640 14,916
At 31 December 2023 23,844 148 627 1,126 25,745

LONDONART WALLPAPER UK LTD (REGISTERED NUMBER: 13424411)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 718 2,291
Other debtors 20,465 23,113
21,183 25,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 198,709 116,861
Amounts owed to group undertakings 44,023 44,023
Other creditors 21,421 10,228
264,153 171,112