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REGISTERED NUMBER: 14677923 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

Art Property (Iw) Ltd

Art Property (Iw) Ltd (Registered number: 14677923)

Contents of the Financial Statements

for the Year Ended 5 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Certified Accountants' Report | 5 |

Art Property (Iw) Ltd

Company Information

for the Year Ended 5 April 2025

| DIRECTORS: | Mrs G L Mackett

| Mr B P Mackett

| REGISTERED OFFICE: | 34 Greenways

| Cowes

| United Kingdom

| Isle of Wight

| PO31 8AN

| REGISTERED NUMBER: | 14677923 (England and Wales)

| ACCOUNTANTS: | Henry Thomas Advisory

| Chartered Certified Accountants

| Unit 6

| St Georges Square

| Portsmouth

| Hampshire

| PO1 3EY

Art Property (Iw) Ltd (Registered number: 14677923)

Balance Sheet

5 April 2025

| 5.4.25 | 5.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 141,108 |  | 141,108 |  |

CURRENT ASSETS

Debtors | 5 | 1 |  | 1 |  |

Cash at bank | 527 |  | 11 |  |

528 |  | 12 |  |

CREDITORS

Amounts falling due within one year | 6 | 59,637 |  | 58,501 |  |

NET CURRENT LIABILITIES | (59,109 | ) | (58,489 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 81,999 |  | 82,619 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 87,211 |  | 94,311 |  |

NET LIABILITIES | (5,212 | ) | (11,692 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (5,213 | ) | (11,693 | ) |

(5,212 | ) | (11,692 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 5 January 2026 and were signed on its behalf by:

Mr B P Mackett - Director

Art Property (Iw) Ltd (Registered number: 14677923)

Notes to the Financial Statements

for the Year Ended 5 April 2025

1. | STATUTORY INFORMATION

| Art Property (Iw) Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest

| method. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Taxation

| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the Financial Statements and their inclusion in tax assessments.

| 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

| Current and deferred tax assets and liabilities are not discounted.

Art Property (Iw) Ltd (Registered number: 14677923)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The directors note that the company is trading adequately and has sufficiently working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. There are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 6 April 2024

| and 5 April 2025 | 141,108 |  |

| NET BOOK VALUE

| At 5 April 2025 | 141,108 |  |

| At 5 April 2024 | 141,108 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 5.4.25 |  | 5.4.24

£ | £ |

| Other debtors | 1 |  | 1 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 5.4.25 |  | 5.4.24

£ | £ |

| Bank loans and overdrafts | 7,100 |  | 7,100 |  |

| Other creditors | 52,537 |  | 51,401 |  |

59,637 |  | 58,501 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 5.4.25 |  | 5.4.24

£ | £ |

| Bank loans | 87,211 |  | 94,311 |  |

8. | POST BALANCE SHEET EVENTS

| There are no reportable events between the date of the Financial Statements and the date of the signing these Financial Statements.

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Ben Mackett by virtue of their shareholding.

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Art Property (Iw) Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 Art Property (Iw) Ltd for the year ended 5 April 2025 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.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Art Property (Iw) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Art Property (Iw) Ltd and state those matters that we have agreed to state to the Board of Directors of Art Property (Iw) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Art Property (Iw) Ltd 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 Art Property (Iw) Ltd. You consider that Art Property (Iw) Ltd 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 Art Property (Iw) Ltd. 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.

Henry Thomas Advisory

Chartered Certified Accountants

Unit 6

St Georges Square

Portsmouth

Hampshire

PO1 3EY

5 January 2026