ACCOUNTS - Final Accounts preparation

Registered number: 13745709

ART ADVISORY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

ART ADVISORY LIMITED

REGISTERED NUMBER: 13745709

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	100		100
Cash at bank and in hand	5	42		25
		142		125
Creditors: amounts falling due within one year	6	(49,742)		(36,425)
Net current liabilities			(49,600)		(36,300)
Total assets less current liabilities			(49,600)		(36,300)

Net liabilities			(49,600)		(36,300)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(49,700)	(36,400)
		(49,600)	(36,300)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 November 2025.

R A Howard

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ART ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Art Advisory Limited is a company limited by shares, incorporated in England and Wales. The company's registered number is 13745709. Its registered office is 10 Queen Street Place, London, EC4R 1AG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have reviewed the company's cashflow and liabilities over the next 12 months and considers the business to be a going concern. They and the company's shareholders will continue to support the company as required along with steps taken by management to ensure that all financial commitments can be met when they fall due.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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ART ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


Other debtors	100	100

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	42	25

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	5,452	5,971
Other creditors	40,150	27,279
Accruals and deferred income	4,140	3,175
	49,742	36,425

Page 3

ART ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

8.	Related party transactions
	Included within other creditors is a loan of £38,787 (2024: £27,257) due to R A Howard, who is the director of Art Advisory Limited. The balance is unsecured, interest free and repayable on demand.

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