Company No: 05702303 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,831		5,289
Investments	4	29,771		37,014
		33,602		42,303
Current assets
Stocks	5	427,277		429,876
Debtors	6	363,652		536,961
Cash at bank and in hand	7	1,928,632		2,058,130
		2,719,561		3,024,967
Creditors: amounts falling due within one year	8	( 820,756)		( 717,096)
Net current assets		1,898,805		2,307,871
Total assets less current liabilities		1,932,407		2,350,174
Net assets		1,932,407		2,350,174
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		1,932,406		2,350,173
Total shareholder's funds		1,932,407		2,350,174

For the financial year ending 28 February 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Arianne Piper Art Advisory Limited (registered number: 05702303) were approved and authorised for issue by the Director. They were signed on its behalf by:

A D Piper Director

03 November 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

Arianne Piper Art Advisory 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 First Floor, 5 Fleet Place, London, EC4M 7RD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Statement of Financial Position 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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

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

Fixed asset investments

The company's interest in an LLP is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the income statement.

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 comprises artwork and those overheads that have been incurred in bringing the inventories to their present location and condition. . Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	4		5

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 March 2024	50,538		50,538
Additions	1,869		1,869
At 28 February 2025	52,407		52,407
Accumulated depreciation
At 01 March 2024	45,249		45,249
Charge for the financial year	3,327		3,327
At 28 February 2025	48,576		48,576
Net book value
At 28 February 2025	3,831		3,831
At 29 February 2024	5,289		5,289

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 March 2024	37,014		37,014
Disposals	( 7,243)		( 7,243)
At 28 February 2025	29,771		29,771
Carrying value at 28 February 2025	29,771		29,771
Carrying value at 29 February 2024	37,014		37,014

5. Stocks

	2025		2024
	£		£
Stocks	427,277		429,876

6. Debtors

	2025		2024
	£		£
Trade debtors	238,386		372,366
Other debtors	125,266		164,595
	363,652		536,961

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	1,928,632		2,058,130

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	74,471		323,026
Taxation and social security	126,474		259,481
Other creditors	619,811		134,589
	820,756		717,096

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary Shares share of £ 1.00	1		1

10. Related party transactions

At the balance sheet date, £nil ( 2024 - £40,540) was owed to the company by its' director. Interest of 2.25% was charged by the company in respect of amounts owed by the director during the year.

At the balance sheet date, £100,518 (2024 - £nil) was was owed to the company by its' director. Interest of 2.25% was charged by the company in respect of amounts owed by a member of the director's family during the year.