1 April 2024 false No description of principal activity Taxfiler 2024.6 14793211business:PrivateLimitedCompanyLtd2024-04-012025-03-31 147932112024-03-31 147932112024-04-012025-03-31 14793211business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 14793211business:FilletedAccounts2024-04-012025-03-31 147932112025-03-31 14793211business:Director12024-04-012025-03-31 147932112024-03-31 14793211core:WithinOneYear2025-03-31 14793211core:WithinOneYear2024-03-31 14793211core:SharePremiumcore:PreviouslyStatedAmount2025-03-31 14793211core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 14793211core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 14793211core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14793211core:PreviouslyStatedAmount2025-03-31 14793211core:PreviouslyStatedAmount2024-03-31 14793211business:SmallEntities2024-04-012025-03-31 14793211countries:EnglandWales2024-04-012025-03-31 14793211core:ComputerEquipment2024-03-31 14793211core:ComputerEquipment2025-03-31 14793211core:ComputerEquipment2024-04-012025-03-31 147932112023-04-112024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14793211 (England and Wales)
London Art Collective Ltd Unaudited accounts for the year ended 31 March 2025
London Art Collective Ltd Unaudited accounts Contents
Page
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London Art Collective Ltd Company Information for the year ended 31 March 2025
Director
GUO, Pengyun
Company Number
14793211 (England and Wales)
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London Art Collective Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,359 
Current assets
Cash at bank and in hand
26,784 
12,609 
Creditors: amounts falling due within one year
(170,843)
(74,044)
Net current liabilities
(144,059)
(61,435)
Net liabilities
(144,059)
(60,076)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(144,159)
(60,176)
Shareholders' funds
(144,059)
(60,076)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 June 2025 and were signed on its behalf by
GUO, Pengyun Director Company Registration No. 14793211
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London Art Collective Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
London Art Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 14793211.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2024
2,717 
At 31 March 2025
2,717 
Depreciation
At 1 April 2024
1,358 
Charge for the year
1,359 
At 31 March 2025
2,717 
Net book value
At 31 March 2025
- 
At 31 March 2024
1,359 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
6,599 
3,396 
Trade creditors
2,580 
2,280 
Taxes and social security
442 
104 
Loans from directors
161,222 
68,264 
170,843 
74,044 
6
Average number of employees
During the year the average number of employees was 8 (2024: 1).
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