Registration number: 08646098

Arcor Advisory Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 6

Arcor Advisory Ltd

Company Information

Director

G R Newland

Company secretary

G R Newland

Registered office

11 Goldsmith Avenue London W3 6HR

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Arcor Advisory Ltd

Statement of Financial Position as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	815	1,356
Current assets
Stocks	5	14,151	17,271
Debtors	6	22,802	30,550
Cash at bank and in hand		1,175	11,756
		38,128	59,577
Creditors: Amounts falling due within one year	7	(871,973)	(872,913)
Net current liabilities		(833,845)	(813,336)
Net liabilities		(833,030)	(811,980)
Capital and reserves
Called up share capital		100	100
Retained earnings		(833,130)	(812,080)
Shareholders' deficit		(833,030)	(811,980)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 10 November 2025
 

.........................................

G R Newland

Company secretary and director

Company registration number: 08646098

Arcor Advisory Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Goldsmith Avenue
London
W3 6HR

The principal activity of the company is that of the purchase and sale of artwork and the provision of consultancy services.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 28 February 2025 and had a net deficit of assets at that date of £833,030.

At 28 February 2025 an amount of £847,534 was due to the director who has agreed to not call on this amount until such time as the company has sufficient working capital and to provide further working capital if required. The company has few fixed overheads which the director is able to control whilst the company's level of activity is insignificant.The company has advanced plans to trade more significantly subsequent to the year end.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of artwork and provision of consultancy services in the ordinary course of the company's business. Turnover is shown net of sales/value added tax, rebates, returns and discounts.

Turnover in respect of the sale of artwork is recognised when the artwork is delivered to the customer and the company has the right to economic benefit. Turnover in respect of consultancy services is recognised as the services are provided based upon the contractual stage of completion.

Arcor Advisory Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less average costs to complete and sell.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Arcor Advisory Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the year, was 1 (2024 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2024	2,706	2,706
At 28 February 2025	2,706	2,706
Depreciation
At 1 March 2024	1,350	1,350
Charge for the year	541	541
At 28 February 2025	1,891	1,891
Carrying amount
At 28 February 2025	815	815
At 29 February 2024	1,356	1,356

5

Stocks

	2025 £	2024 £
Stock	14,151	17,271

6

Debtors

	2025 £	2024 £
Trade debtors	15,262	14,653
Other debtors	7,540	15,897
	22,802	30,550

Arcor Advisory Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	10,540	10,850
Accruals and deferred income	13,899	7,499
Other creditors	847,534	854,564
	871,973	872,913