REGISTERED NUMBER: 08809493 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

ART IMAGE LIBRARY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Bryant

H A D Paterson

REGISTERED OFFICE:

3 Church Street

Odiham

Hook

Hampshire

RG29 1LU

REGISTERED NUMBER:

08809493 (England and Wales)

ACCOUNTANTS:

Goddard & Co

Chartered Accountants

3 Church Street

Odiham, Hook

Hampshire

RG29 1LU

FIXED ASSETS

Intangible assets

4

9,500,000

-

Tangible assets

5

7,256

8,063

9,507,256

8,063

CURRENT ASSETS

Cash at bank and in hand

32

12

CREDITORS

Amounts falling due within one year

6

57,605

31,991

NET CURRENT LIABILITIES

(57,573

)

(31,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,449,683

(23,916

)

PROVISIONS FOR LIABILITIES

2,375,000

-

NET ASSETS/(LIABILITIES)

7,074,683

(23,916

)

CAPITAL AND RESERVES

Called up share capital

40,004

40,004

Revaluation reserve

7

7,125,000

-

Retained earnings

(90,321

)

(63,920

)

SHAREHOLDERS' FUNDS

7,074,683

(23,916

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

H A D Paterson - Director

1.	STATUTORY INFORMATION

Art Image Library Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Intellectual property

During the year, the Company capitalised the value of its internally generated intellectual property relating to the Art Image Library archive. The asset comprises a large-scale, rights-controlled dataset of high-resolution cultural and fine-art imagery, associated RAW and TIFF digital files, digitised analogue negatives, structured metadata, and related proprietary workflows and processing systems.

The intellectual property was independently valued by a RICS-registered valuer, who assessed the fair value of the asset within a range of £9.5 million to £17.0 million. In line with the lower bound of this independent valuation, the directors have recognised an intangible asset of £9,500,000.

The intangible asset is considered to have a long-term useful life due to the enduring nature, uniqueness, and commercial applicability of the archive. The Company amortises the asset on a straight-line basis over its estimated useful economic life of 20 years. Amortisation will commence in the following financial year.

No indicators of impairment were identified at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

Additions

9,500,000

At 30 September 2025

9,500,000

NET BOOK VALUE

At 30 September 2025

9,500,000

Cost or valuation at 30 September 2025 is represented by:

Other

intangible

assets

£

Valuation in 2025

9,500,000

Intellectual property was independently valued on a market basis on 1 November 2025 by Valuation Consulting, a RICS registered valuer.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 October 2024

and 30 September 2025

31,973

DEPRECIATION

At 1 October 2024

23,910

Charge for year

807

At 30 September 2025

24,717

NET BOOK VALUE

At 30 September 2025

7,256

At 30 September 2024

8,063

Cost or valuation at 30 September 2025 is represented by:

Plant and

machinery

etc

£

Cost

31,973

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

57,605

31,991

7.

RESERVES

Revaluation

reserve

£

Movement in Intellectual

Property value

7,125,000

At 30 September 2025

7,125,000