Company No: 05034703 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	789		1,052
		789		1,052
Current assets
Debtors	4	1,569		0
Cash at bank and in hand		2,103		143
		3,672		143
Creditors: amounts falling due within one year	5	( 8,469)		( 20,654)
Net current liabilities		(4,797)		(20,511)
Total assets less current liabilities		(4,008)		(19,459)
Provision for liabilities		( 150)		( 200)
Net liabilities		( 4,158)		( 19,659)
Capital and reserves
Called-up share capital	6	1,000		1,000
Profit and loss account		( 5,158 )		( 20,659 )
Total shareholders' deficit		( 4,158)		( 19,659)

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.

Directors' 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 directors acknowledge 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 Profit and Loss Account has not been delivered.

The financial statements of Delamore Arts Limited (registered number: 05034703) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

Gavin Dollard Director

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 period, unless otherwise stated.

General information and basis of accounting

Delamore Arts 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 6 Houndiscombe Road, Plymouth, PL4 6HH, United Kingdom.

The trading address is:
Delamore Estate
Cornwood
Ivybridge
Devon
PL21 9QT

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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

Turnover

Turnover primarily comprises the fair value of the commision recieved for the facilitation of the sales of various artworks which are exhibited to potential customers on behalf of various artists, in the ordinary course of the companies activites. Turnover is shown net of value added tax,rebates and discounts.

The company recognises revenue when the sale of the artwork is agreed, as the payment is recieved on the date of the sale.

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.

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:

Fixtures and fittings

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.

2. Employees

	Year ended 31.03.2025		Period from 01.03.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2024	12,323		12,323
At 31 March 2025	12,323		12,323
Accumulated depreciation
At 01 April 2024	11,271		11,271
Charge for the financial year	263		263
At 31 March 2025	11,534		11,534
Net book value
At 31 March 2025	789		789
At 31 March 2024	1,052		1,052

4. Debtors

	31.03.2025		31.03.2024
	£		£
Other debtors	1,569		0

5. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	3,227		1,170
Taxation and social security	2,993		0
Other creditors	2,249		19,484
	8,469		20,654

6. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
250 Simon Marcus Butler ordinary shares of £ 1.00 each	250		250
375 Gavin James Dominic Dollard ordinary shares of £ 1.00 each	375		375
375 Nicola Jayne Dollard ordinary shares of £ 1.00 each	375		375
	1,000		1,000

7. Related party transactions

Transactions with the entity's directors

	31.03.2025		31.03.2024
	£		£
Opening balance	(13,089)		(16,679)
Advances to director	24,268		3,590
Repayments by director	(9,610)		0
Closing balance	1,569		(13,089)