1 April 2024 v2025.83.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP107896032024-04-012025-03-31107896032025-03-31107896032024-03-3110789603core:WithinOneYear2025-03-3110789603core:WithinOneYear2024-03-3110789603core:RetainedEarningsAccumulatedLosses2025-03-3110789603core:RetainedEarningsAccumulatedLosses2024-03-3110789603bus:Director12024-04-012025-03-3110789603bus:RegisteredOffice2024-04-012025-03-3110789603core:OfficeEquipment2024-04-012025-03-31107896032023-04-012024-03-3110789603core:PlantMachinery2025-03-3110789603core:PlantMachinery2024-04-0110789603core:PlantMachinery2024-04-012025-03-3110789603core:PlantMachinery2024-03-311078960312024-04-012025-03-3110789603countries:EnglandWales2024-04-012025-03-3110789603bus:AuditExempt-NoAccountantsReport2024-04-012025-03-3110789603bus:CompanyLimitedByGuarantee2024-04-012025-03-3110789603bus:SmallEntities2024-04-012025-03-3110789603bus:FullAccounts2024-04-012025-03-31
Company registration number:
10789603
Abundant Art UK Limited
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Abundant Art UK Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
(632
 )
699
 
Current assets    
Cash at bank and in hand
445
 
155
 
Creditors: amounts falling due within one year 6
(3,599
 )
(2,999
 )
Net current liabilities
(3,154
 )
(2,844
 )
Total assets less current liabilities (3,786 ) (2,145 )
Capital and reserves    
Profit and loss account
(3,786
 )
(2,145
 )
Members deficit
(3,786
 )
(2,145
 )
For the 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 December 2025
, and are signed on behalf of the board by:
P Chatterjee
Director
Company registration number:
10789603
Abundant Art UK Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
27 Old Gloucester Street
,
London
,
WC1N 3AX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements have been prepared on the going concern basis, as adequate cash resources will be made available to cover the Company’s requirements by the director, for at least the next twelve months.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts, rebates, value added tax and other sales taxes.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
and
31 March 2025
5,323
 
Depreciation  
At
1 April 2024
4,624
 
Charge
1,331
 
At
31 March 2025
5,955
 
Carrying amount  
At
31 March 2025
(632
 )
At 31 March 2024
699
 

6 Creditors: amounts falling due within one year

20252024
££
Other creditors
3,599
 
2,999