Registration number: 09213453

Helen Marten Studio Limited

Contents

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

Helen Marten Studio Limited

Company Information

Director

H E Marten

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Helen Marten Studio Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,401	14,313
Current assets
Stocks	5	38,019	38,019
Debtors	6	88,731	193,327
Cash at bank and in hand		1,740,522	1,636,587
		1,867,272	1,867,933
Creditors: Amounts falling due within one year	7	(99,752)	(94,436)
Net current assets		1,767,520	1,773,497
Net assets		1,782,921	1,787,810
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,782,920	1,787,809
Total equity		1,782,921	1,787,810

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.

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 her 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’.

The director of Helen Marten Studio Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 23 December 2025
 

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

H E Marten

Director

Company registration number: 09213453

Helen Marten Studio Limited

Notes to the Financial Statements for the Year Ended 31 March 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:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company during the year was that of the creation and sale of artwork.

2	Accounting policies

Statement of compliance

These financial statements were 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 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.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets at that date of £1,782,921 including cash at bank amounting to £1,740,522.

The director has considered the potential effect of the current economic outlook and believes that there will be no material effect. Helen's artwork remains in demand and the company has minimal fixed overheads, all of which the director believes can be reduced if required.

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 in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Turnover in respect of the sale of artworks is recognised as the transactions occur and when the company has a right to consideration. Revenue is recognised in full at the time of legal agreement of the sale, other than commissions under contract where the sale is recognised by stage of completion according to the terms of the contract. Royalties are recognised over the period to which they relate.

Helen Marten Studio Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

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

Helen Marten Studio Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	63,058	63,058
Additions	13,047	13,047
Disposals	(2,609)	(2,609)
At 31 March 2025	73,496	73,496
Depreciation
At 1 April 2024	48,745	48,745
Charge for the year	11,959	11,959
Eliminated on disposal	(2,609)	(2,609)
At 31 March 2025	58,095	58,095
Carrying amount
At 31 March 2025	15,401	15,401
At 31 March 2024	14,313	14,313

5

Stocks

	2025 £	2024 £
Stock and work in progress	38,019	38,019

6

Debtors

	2025 £	2024 £
Other debtors	88,731	193,327
	88,731	193,327

Helen Marten Studio Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7	Creditors due in one year

	2025 £	2024 £
Trade creditors	7,043	23,765
Taxation and social security	45,250	-
Other creditors	47,459	70,671
	99,752	94,436

8	Transactions with directors

At 31 March 2025 an amount of £84,623 (2024: £105,341) was due from the director. During the year advances of £87,611 and repayments of £110,861 were made. Interest of £2,532 (2024: £2,796) is payable to the company at 2.25% per annum. There are no set terms in place.

Page 6