Graham Short Fine Art Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 07872911

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	73		43
Cash at bank and in hand		3,259		482

		3,332		525
Creditors: Amounts Falling Due Within One Year	5	(30,328 )		(33,708 )

NET CURRENT ASSETS (LIABILITIES)			(26,996 )		(33,183 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(26,996 )		(33,183 )

NET LIABILITIES			(26,996 )		(33,183 )

CAPITAL AND RESERVES
Called up share capital	6		25		25
Profit and Loss Account			(27,021 )		(33,208 )

SHAREHOLDERS' FUNDS			(26,996)		(33,183)

For the 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.

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 applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Graham Short Director	Mrs Liubov Short Director
22/09/2025

The notes on page 2 form part of these financial statements.

1. General Information

Graham Short Fine Art Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07872911 . The registered office is Flat 5 , 139 Hole Lane, Birmingham, West Midlands, B31 2DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	73	43

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	(1 )
Other creditors - LMS Accountancy Services Ltd	-	3,520
Directors' loan accounts	30,328	30,189

	30,328	33,708

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	25	25

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