Dellasposa Fine Art LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC420922

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,273		5,579

			1,273		5,579
CURRENT ASSETS
Stocks	5	47,595		47,595
Debtors	6	391,405		371,183
Cash at bank and in hand		8,530		9,642

		447,530		428,420
Creditors: Amounts Falling Due Within One Year	7	(4,943 )		(3,999 )

NET CURRENT ASSETS (LIABILITIES)			442,587		424,421

TOTAL ASSETS LESS CURRENT LIABILITIES			443,860		430,000

NET ASSETS ATTRIBUTABLE TO MEMBERS			443,860		430,000

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		13,860		-

			13,860		-

Equity
Members' other interests
Members' capital		430,000		430,000

			430,000		430,000

			443,860		430,000

TOTAL MEMBERS' INTEREST
Amounts due from members			(355,298)		(321,063)
Loans and other debts due to members within one year			13,860		-
Members' other interests			430,000		430,000

			88,562		108,937

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Page 2

Dellasposa Fine Art LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Hon Julian Phillimore

Designated Member

16/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Dellasposa Fine Art LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420922 . The Registered Office is 13 Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	6,021	28,621	34,642
Additions	568	-	568

As at 31 March 2025	6,589	28,621	35,210

Depreciation
As at 1 April 2024	4,097	24,966	29,063
Provided during the period	1,219	3,655	4,874

As at 31 March 2025	5,316	28,621	33,937

Net Book Value
As at 31 March 2025	1,273	-	1,273

As at 1 April 2024	1,924	3,655	5,579

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Dellasposa Fine Art LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	31 March 2025	31 March 2024
	£	£
Finished goods	47,595	47,595

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
VAT	34,921	48,934
Other taxes and social security	1,186	1,186
Amounts due from members	355,298	321,063

	391,405	371,183

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	-	390
Accruals and deferred income	4,943	3,609

	4,943	3,999

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