ART PARQUET LTD

Company Registration Number:
07817192 (England and Wales)

Unaudited micro entity accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

ART PARQUET LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Footnotes to the Balance Sheet - 8

ART PARQUET LTD

Company Information

for the Period Ended 31 October 2024




Director: Dunyushin S
Registered office: 6
Merthen Grove
Tattenhoe
Milton Keynes
Buckinghamshire
MK4 3AX
Company Registration Number: 07817192 (England and Wales)

ART PARQUET LTD

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

The company continued to explore new business opportunities, with a particular focus on the property market. As previously reported, this strategic shift in FY 2020-2022 was facilitated by third-party financing

Political and charitable donations

There were no political and/or charitable donations for the period

Company policy on the employment of disabled persons

Discrimination based on personal characteristics, such as disability, is unlawful. As an equal opportunity employer, the company strictly adheres to all applicable laws and prohibits any form of discriminatory practices. This includes, but is not limited to: - Unfair hiring decisions based on disability, - Biased selection for redundancy due to disability, or - Unequal pay without objective justification. The company maintains full compliance with current anti-discrimination legislation

Additional information

As previously disclosed, the company currently faces significant financial constraints due to its substantial indebtedness to external third-party creditors. The elevated leverage ratio has not only amplified the company's financial obligations but has also constrained its strategic flexibility. The going concern assessment now hinges on the successful navigation of a complex risk landscape encompassing both endogenous and exogenous factors. Internally, the company must address liquidity pressures, maintain creditor confidence, and achieve operational turnaround targets. Externally, it faces exposure to sector-specific headwinds, potential covenant breaches, and refinancing risks in tightening credit markets. These cumulative challenges have created a fragile financial equilibrium where the company's continued operations are dependent upon the careful balancing of multiple financial and operational variables, with limited margin for error. Management is actively exploring various financial restructuring options while simultaneously implementing operational improvements, securing additional financing and/or optimizing current debt arrangements, taking other steps to stabilize the company's financial position and ensure long-term viability.

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
Dunyushin S

This report was approved by the board of directors on 27 July 2025
And Signed On Behalf Of The Board By:

Name: Dunyushin S
Status: Director

ART PARQUET LTD

Profit and Loss Account

for the Period Ended 31 October 2024


2024
£

2023
£
Turnover 0 -
Other charges ( 28,436 ) ( 9,719 )
Profit or (Loss) for Period ( 28,436 ) ( 9,719 )

ART PARQUET LTD

Balance sheet

As at 31 October 2024


2024
£

2023
£
Fixed Assets: 430,494 215,000
Current assets: 312,072 51,893
Net current assets (liabilities): 312,072 51,893
Total assets less current liabilities: 742,566 266,893
Creditors: amounts falling due after more than one year: ( 791,139 ) ( 287,031 )
Total net assets (liabilities): ( 48,573 ) ( 20,138 )
Capital and reserves: ( 48,573 ) ( 20,138 )

ART PARQUET LTD

Balance sheet continued

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 27 July 2025
And Signed On Behalf Of The Board By:

Name: Dunyushin S
Status: Director

The notes form part of these financial statements

ART PARQUET LTD

Footnotes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Employee Information

    Average number of employees: 0

ART PARQUET LTD

Footnotes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Off balance sheet disclosure

    No