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REGISTERED NUMBER: 03501947 (England and Wales)















ASIAN ART IN LONDON

Unaudited Financial Statements

for the Year Ended 31 January 2025






ASIAN ART IN LONDON (REGISTERED NUMBER: 03501947)

Contents of the Financial Statements
for the year ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASIAN ART IN LONDON

Company Information
for the year ended 31 January 2025







Directors: R S Bains
R Hyman
J M Simcox
S J Pilling
H L Howard-Sneyd
R A Dean
M G J Slaats
B A Moghaddam
J Adjetey
N W Y Schoeni-Toye
S Marchant





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 03501947 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

ASIAN ART IN LONDON (REGISTERED NUMBER: 03501947)

Balance Sheet
31 January 2025

2025 2024
Notes £ £
Fixed assets
Tangible assets 4 1,019 1,191

Current assets
Debtors 5 3,479 2,278
Cash at bank 60,974 88,901
64,453 91,179
Creditors
Amounts falling due within one year 6 (2,986 ) (6,571 )
Net current assets 61,467 84,608
Total assets less current liabilities 62,486 85,799

Reserves
Retained earnings 7 62,486 85,799
62,486 85,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





J M Simcox - Director


ASIAN ART IN LONDON (REGISTERED NUMBER: 03501947)

Notes to the Financial Statements
for the year ended 31 January 2025


1. Statutory information

Asian Art in London is a private company, limited by guarantee , 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 1 (2024 - 1 ) .

ASIAN ART IN LONDON (REGISTERED NUMBER: 03501947)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 February 2024 7,249 12,184 19,433
Additions - 167 167
At 31 January 2025 7,249 12,351 19,600
Depreciation
At 1 February 2024 7,202 11,040 18,242
Charge for year 11 328 339
At 31 January 2025 7,213 11,368 18,581
Net book value
At 31 January 2025 36 983 1,019
At 31 January 2024 47 1,144 1,191

5. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 250 1,326
Other debtors 3,229 952
3,479 2,278

6. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 435 2,985
Taxation and social security - 1,200
Other creditors 2,551 2,386
2,986 6,571

7. Reserves
Retained
earnings
£

At 1 February 2024 85,799
Deficit for the year (23,313 )
At 31 January 2025 62,486

8. Member's liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, Subject to an undertaking by each member to contribute to the net assets and liabilities of the company on winding up such amounts as may be required not exceeding £1.