Company No: 11096276 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

D Stern

REGISTERED OFFICE	10 Coldbath Square
	London
	EC1R 5HL
	United Kingdom

COMPANY NUMBER

11096276 (England and Wales)

	Note	2024		2023
		£		£
Current assets
Stocks		250,398		383,656
Debtors	3	40,000		40,000
Cash at bank and in hand	4	165,070		101,714
		455,468		525,370
Creditors: amounts falling due within one year	5	( 3,200)		( 21,843)
Net current assets		452,268		503,527
Total assets less current liabilities		452,268		503,527
Creditors: amounts falling due after more than one year	6	( 440,409)		( 432,952)
Net assets		11,859		70,575
Capital and reserves
Called-up share capital		100		100
Profit and loss account		11,759		70,475
Total shareholder's funds		11,859		70,575

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

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of James Taylor Fine Art Limited (registered number: 11096276) were approved and authorised for issue by the Director on 11 September 2025. They were signed on its behalf by:

D Stern Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

James Taylor Fine Art Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 10 Coldbath Square, London, EC1R 5HL, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss.

Turnover

Turnover represents the invoiced value of artwork sold.

Income from sales of works of art is recognised at the date when the risks and rewards of ownership of the item transfer to the purchaser, which is when the works have been delivered or collected by the customer.

Stocks

Stocks are stated at the lower of cost and net realisable value.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year	1		1

3. Debtors

	2024		2023
	£		£
Other debtors	40,000		40,000

4. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	165,070		101,714

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	0		1,020
Taxation and social security	0		19,624
Other creditors	3,200		1,199
	3,200		21,843

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

	2024		2023
	£		£
Other creditors	440,409		432,952

There are no amounts included above in respect of which any security has been given by the entity.