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COMPANY REGISTRATION NUMBER: 09096620

Art Market Research Developments Limited

Filleted Unaudited Financial Statements

31 May 2025

Art Market Research Developments Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 729 | 3,493

Current assets

Debtors | 6 | 3,020 |  | 2,500
Cash at bank and in hand | 8,361 |  | 5,149
| -------- |  | -------
| 11,381 |  | 7,649

Creditors: amounts falling due within one year | 7 | ( 20,696) |  | ( 23,026)
| -------- |  | --------
Net current liabilities |  | ( 9,315) | ( 15,377)
|  | ------- | --------
Total assets less current liabilities |  | ( 8,586) | ( 11,884)
|  | ------- | --------
Net liabilities |  | ( 8,586) | ( 11,884)
|  | ------- | --------

Capital and reserves

Called up share capital |  | 3 | 3
Profit and loss account |  | ( 8,589) | ( 11,887)
|  | ------- | --------
Shareholders deficit |  | ( 8,586) | ( 11,884)
|  | ------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Art Market Research Developments Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 23 February 2026 , and are signed on behalf of the board by:

Mr D S Duthy |
Director |

Company registration number: 09096620

Art Market Research Developments Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is PO Box 737, 34 Brexton House, London, EC2P 2QD, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 33% straight line
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 June 2024 | 4,268 | 10,144 | 14,412
Additions | 487 | 212 | 699
| ------- | -------- | --------
At 31 May 2025 | 4,755 | 10,356 | 15,111
| ------- | -------- | --------
Depreciation |  |  |
At 1 June 2024 | 3,198 | 7,721 | 10,919
Charge for the year | 1,041 | 2,422 | 3,463
| ------- | -------- | --------
At 31 May 2025 | 4,239 | 10,143 | 14,382
| ------- | -------- | --------
Carrying amount |  |  |
At 31 May 2025 | 516 | 213 | 729
| ------- | -------- | --------
At 31 May 2024 | 1,070 | 2,423 | 3,493
| ------- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 2,970 | 2,500
Other debtors | 50 | –
| ------- | -------
| 3,020 | 2,500
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Social security and other taxes | 1,766 | 2,270
Other creditors | 18,930 | 20,756
| -------- | --------
| 20,696 | 23,026
| -------- | --------