REGISTERED NUMBER: 09386652 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Eden Fine Art London Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

DIRECTOR:

Ms C Azoulay Klimovsky

REGISTERED OFFICE:

1-2 Charterhouse Mews

London

EC1M 6BB

REGISTERED NUMBER:

09386652 (England and Wales)

ACCOUNTANTS:

ERB London

1-2 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Tangible assets

4

188,086

227,998

CURRENT ASSETS

Debtors

5

7,640,362

5,539,134

Cash at bank and in hand

278,715

98,868

7,919,077

5,638,002

CREDITORS

Amounts falling due within one year

6

(5,859,898

)

(3,915,287

)

NET CURRENT ASSETS

2,059,179

1,722,715

TOTAL ASSETS LESS CURRENT LIABILITIES

2,247,265

1,950,713

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,247,264

1,950,712

SHAREHOLDERS' FUNDS

2,247,265

1,950,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30 December 2025 and were signed by:

Ms C Azoulay Klimovsky - Director

1.	STATUTORY INFORMATION

Eden Fine Art London 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.

Turnover

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

Tangible fixed assets

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

Leasehold Improvements - 22% Straight line

Furniture & Fixtures - 20% Straight line

Computer Equipment - 33% Straight line

Motor Vehicles - 5 Year Straight line

Plant & Machinery - 20% Straight line

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

At the balance sheet date the company has the following commitments under an operating lease that can expire after 4 years of:

£

Rent due within 1 year

1,215,000

Rent due between 1 and 5 years

1,501,273

2,716,273

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

738,077

Additions

21,572

At 31 December 2024

759,649

DEPRECIATION

At 1 January 2024

510,079

Charge for year

61,484

At 31 December 2024

571,563

NET BOOK VALUE

At 31 December 2024

188,086

At 31 December 2023

227,998

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

439,005

579,451

Amounts owed by group undertakings

5,618,486

-

Amounts owed by associates

-

3,770,274

Other debtors

1,582,871

1,189,409

7,640,362

5,539,134

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

175,151

166,299

Amounts owed to group undertakings

2,317,681

-

Amounts owed to associates

-

43,149

Taxation and social security

145,158

97,430

Other creditors

3,221,908

3,608,409

5,859,898

3,915,287

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the following balances were outstanding:

£

Balance due from Eden Gallery Ltd

4,419,446

Balance due from Eden Fine Art Mykonos Ike

684,990

Balance due from Eden Fine Art NY Inc (Madison)

130,058

Balance due from Eden Fine Art Aspen Inc

355,530

Balance due to Eden Fine Art Dubai Inc

2,038,692

Balance due to Care Creations NY Inc (Soho)

147,405

Balance due to Eden Fine Art Miami Inc

78,381

Balance due to Vegas

28,463

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C Azoulay Klimovsky.

9.	CASH AND CASH EQUIVALENTS

Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise of cash within the bank.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eden Fine Art London Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Eden Fine Art London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of and Eden Fine Art London Limited state those matters that we have agreed to state to the director of Eden Fine Art London Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eden Fine Art London Limited and its director for our work or for this report.

It is your duty to ensure that Eden Fine Art London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eden Fine Art London Limited. You consider that Eden Fine Art London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eden Fine Art London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ERB London

1-2 Charterhouse Mews

London

EC1M 6BB

30 December 2025