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Company No: 06857546 (England and Wales)

# ARTEMIS HOME LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ARTEMIS HOME LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ARTEMIS HOME LIMITED

## BALANCE SHEET

As at 31 March 2025
ARTEMIS HOME LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 537,016 |  | 669,911
|  | 537,016 |  | 669,911
Current assets |  |  |  |
Stocks |  | 1,354,721 |  | 938,728
Debtors | 4 | 508,229 |  | 966,729
Investments |  | 10,000 |  | 0
Cash at bank and in hand |  | 4,010 |  | 9,714
|  | 1,876,960 |  | 1,915,171
Creditors: amounts falling due within one year | 5 | ( 1,895,827) |  | ( 1,900,737)
Net current (liabilities)/assets |  | (18,867) |  | 14,434
Total assets less current liabilities |  | 518,149 |  | 684,345
Creditors: amounts falling due after more than one year | 6 | ( 126,202) |  | ( 181,683)
Provision for liabilities |  | ( 6,500) |  | ( 5,560)
Net assets |  | 385,447 |  | 497,102
Capital and reserves |  |  |  |
Called-up share capital | 7 | 520 |  | 520
Profit and loss account |  | 384,927 |  | 496,582
Total shareholders' funds |  | 385,447 |  | 497,102

For the financial 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.

Director's responsibilities:

- The members have 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Artemis Home Limited (registered number: 06857546) were approved and authorised for issue by the Director on 16 October 2025. They were signed on its behalf by:

Mr M J Joyce Director |

ARTEMIS HOME LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ARTEMIS HOME LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

Artemis Home 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 335a Torquay Road, Paignton, TQ3 2EP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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.

Commenting further on going concern the directors have stated 2024/25 was notable for a worldwide global shipping crisis sparked by the Yemen/Suez canal situation which caused international freight times to increase and costs to spiral dramatically. This led to a temporary reduction of margins and a tightening of cash flow. The situation was resolved by the year end and 2025/26 is already showing much improved profitability and increasing capital reserves.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense whent they are due. if contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

##### Taxation

Current tax
Tax is recognised in profit to loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly as other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or or substantively enacted by the reporting date.
The Carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings | 0 - 50 years straight line
Plant and machinery | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Within Land and bulidings, the buildings are depreciated over 50 years and land is not depreciated.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 11 |  | 11

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 718,213 |  | 65,121 |  | 28,159 |  | 9,770 |  | 821,263
Additions | 0 |  | 0 |  | 7,155 |  | 0 |  | 7,155
Disposals | ( 135,080) |  | 0 |  | 0 |  | 0 |  | ( 135,080)
At 31 March 2025 | 583,133 |  | 65,121 |  | 35,314 |  | 9,770 |  | 693,338
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 51,044 |  | 65,121 |  | 27,071 |  | 8,116 |  | 151,352
Charge for the financial year | 11,661 |  | 0 |  | 2,327 |  | 555 |  | 14,543
Disposals | ( 9,573) |  | 0 |  | 0 |  | 0 |  | ( 9,573)
At 31 March 2025 | 53,132 |  | 65,121 |  | 29,398 |  | 8,671 |  | 156,322
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 530,001 |  | 0 |  | 5,916 |  | 1,099 |  | 537,016
At 31 March 2024 | 667,169 |  | 0 |  | 1,088 |  | 1,654 |  | 669,911

All assets under land and buildings are freehold land and buildings.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 406,092 |  | 289,495
Prepayments | 95,962 |  | 65,268
VAT recoverable | 0 |  | 1,765
Other debtors | 6,175 |  | 610,201
| 508,229 |  | 966,729

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 137,364 |  | 71,636
Trade creditors | 207,685 |  | 64,847
Accruals | 15,288 |  | 14,400
Corporation tax | 37,186 |  | 89,430
Other taxation and social security | 16,630 |  | 0
Other creditors | 1,481,674 |  | 1,660,424
| 1,895,827 |  | 1,900,737

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 126,202 |  | 181,683

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

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
500 Ordinary A shares of £ 1.00 each | 500 |  | 500
10 Ordinary B shares of £ 1.00 each | 10 |  | 10
10 Ordinary C shares of £ 1.00 each | 10 |  | 10
| 520 |  | 520

#### 8. Financial commitments

Commitments

The total loans and borrowings of £142,380 (2024 - £175,457) are secured over assets to which they relate.
Creditors include other creditors which are secured of £653,105 (2024 - £715,478) by personal guarantee by the Director.

#### 9. Related party transactions

Other related party transactions

Azure Property Development Limited
A company which one of the shareholders has a participating interest.
During the year, the company received a loan of £Nil (2024: £440,000) from Azure Property Development Limited. Repayments of £Nil (2024; £320,000) have been made in the year. The balance outstanding at 31 March 2024 is £120,000 (2024: £120,000). No interest is being charged on this balance.