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Company No: 06820310 (England and Wales)

# ARABELLA DORMAN FINE ART COMMISSIONS LIMITED

### Unaudited Financial Statements
For the financial year ended 05 April 2025
Pages for filing with the registrar

ARABELLA DORMAN FINE ART COMMISSIONS LIMITED

## Unaudited Financial Statements

For the financial year ended 05 April 2025

Contents

ARABELLA DORMAN FINE ART COMMISSIONS LIMITED

## BALANCE SHEET

As at 05 April 2025
ARABELLA DORMAN FINE ART COMMISSIONS LIMITED

## BALANCE SHEET (continued)

As at 05 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 6,211 |  | 4,720
|  | 6,211 |  | 4,720
Current assets |  |  |  |
Stocks | 4 | 25,000 |  | 0
Debtors | 5 | 0 |  | 5,619
Cash at bank and in hand |  | 1,242 |  | 2,489
|  | 26,242 |  | 8,108
Creditors: amounts falling due within one year | 6 | ( 9,998) |  | ( 5,465)
Net current assets |  | 16,244 |  | 2,643
Total assets less current liabilities |  | 22,455 |  | 7,363
Provision for liabilities | 7 | ( 1,190) |  | ( 941)
Net assets |  | 21,265 |  | 6,422
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | 21,264 |  | 6,421
Total shareholder's funds |  | 21,265 |  | 6,422

For the financial year ending 05 April 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 Arabella Dorman Fine Art Commissions Limited (registered number: 06820310) were approved and authorised for issue by the Director on 01 November 2025. They were signed on its behalf by:

Mrs A Elliot Director |

ARABELLA DORMAN FINE ART COMMISSIONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025
ARABELLA DORMAN FINE ART COMMISSIONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 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

Arabella Dorman Fine Art Commissions 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 5 Chelsea Farmhouse Studios, Milmans Street, London, SW10 0BY, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

##### 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 Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
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 profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### 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:

Office equipment | 5 years straight line
Computer equipment | 5 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.

##### 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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. 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

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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 06 April 2024 | 12,833 |  | 2,922 |  | 15,755
Additions | 3,154 |  | 0 |  | 3,154
Disposals | ( 2,041) |  | 0 |  | ( 2,041)
At 05 April 2025 | 13,946 |  | 2,922 |  | 16,868
Accumulated depreciation |  |  |  |  |
At 06 April 2024 | 9,684 |  | 1,351 |  | 11,035
Charge for the financial year | 1,079 |  | 584 |  | 1,663
Disposals | ( 2,041) |  | 0 |  | ( 2,041)
At 05 April 2025 | 8,722 |  | 1,935 |  | 10,657
Net book value |  |  |  |  |
At 05 April 2025 | 5,224 |  | 987 |  | 6,211
At 05 April 2024 | 3,149 |  | 1,571 |  | 4,720

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 25,000 |  | 0

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by director | 0 |  | 5,347
Prepayments | 0 |  | 272
| 0 |  | 5,619

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,345 |  | 0
Amounts owed to director | 538 |  | 0
Accruals | 4,891 |  | 4,658
Taxation and social security | 3,224 |  | 807
| 9,998 |  | 5,465

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 1,190 |  | 941

#### 8. Related party transactions

Amounts owed to director are £538 due to the director (2023: included within other debtors is £5,347 due from the director). The amount is interest free, repayable on demand and has been repaid subsequent to the year end.