Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-07-31 false 2024-08-01 false No description of principal activity 3 7 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10278552 2024-08-01 2025-07-31 10278552 2023-08-01 2024-07-31 10278552 2025-07-31 10278552 2024-07-31 10278552 c:Director1 2024-08-01 2025-07-31 10278552 c:Director2 2024-08-01 2025-07-31 10278552 c:Director3 2024-08-01 2025-07-31 10278552 c:RegisteredOffice 2024-08-01 2025-07-31 10278552 d:MotorVehicles 2024-08-01 2025-07-31 10278552 d:MotorVehicles 2025-07-31 10278552 d:MotorVehicles 2024-07-31 10278552 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 10278552 d:OfficeEquipment 2024-08-01 2025-07-31 10278552 d:OfficeEquipment 2025-07-31 10278552 d:OfficeEquipment 2024-07-31 10278552 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 10278552 d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 10278552 d:CurrentFinancialInstruments 2025-07-31 10278552 d:CurrentFinancialInstruments 2024-07-31 10278552 d:Non-currentFinancialInstruments 2025-07-31 10278552 d:Non-currentFinancialInstruments 2024-07-31 10278552 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 10278552 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10278552 d:Non-currentFinancialInstruments d:AfterOneYear 2025-07-31 10278552 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 10278552 d:ShareCapital 2025-07-31 10278552 d:ShareCapital 2024-07-31 10278552 d:SharePremium 2025-07-31 10278552 d:SharePremium 2024-07-31 10278552 d:RetainedEarningsAccumulatedLosses 2025-07-31 10278552 d:RetainedEarningsAccumulatedLosses 2024-07-31 10278552 c:FRS102 2024-08-01 2025-07-31 10278552 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 10278552 c:FullAccounts 2024-08-01 2025-07-31 10278552 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 10278552 6 2024-08-01 2025-07-31 10278552 e:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure

Company registration number: 10278552
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 JULY 2025
| ART-K LIMITED
ART-K LIMITED |  |
COMPANY INFORMATION
Directors | D J Harper
| E R Harper
| K M Harper
Registered number | 10278552
Registered office | Conifers
| The Warren
| Ashtead
| Surrey
| England
| KT21 2RX
Accountants | Menzies LLP
| Chartered Accountants
| Origin One
| 108 High Street
| Crawley
| West Sussex
| RH10 1BD
ART-K LIMITED |  |
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 7
ART-K LIMITED REGISTERED NUMBER:10278552 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 16,080 |  | 22,990
Investments | 5 |  | 2,324 |  | 2,320
|  |  | 18,404 |  | 25,310
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,570,318 |  | 815,142 |
Cash at bank and in hand |  | 17,590 |  | 205,910 |
|  | 1,587,908 |  | 1,021,052 |
Creditors: amounts falling due within one year | 7 | (1,482,819) |  | (900,292) |
Net current assets |  |  | 105,089 |  | 120,760
Total assets less current liabilities |  |  | 123,493 |  | 146,070
Creditors: amounts falling due after more than one year | 8 |  | - |  | (8,334)
Net assets |  |  | 123,493 |  | 137,736
Capital and reserves |  |  |  |  |
Allotted, called up and fully paid share capital |  |  | 103 |  | 103
Share premium account |  |  | 4,997 |  | 4,997
Profit and loss account |  |  | 118,393 |  | 132,636
|  |  | 123,493 |  | 137,736
Page 1
ART-K LIMITED REGISTERED NUMBER:10278552 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
E R Harper
Director
Date: 4 March 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
ART-K LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Art-K Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Revenue
Revenue consists of management and franchise fees charged for the organisation of art clubs. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds. Page 3
ART-K LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.9 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
ART-K LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% Straight line
|  |  |  | Office equipment | - | 25% Straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
3. | Employees
The average monthly number of employees, including the directors, during the year was 7 (2024 - 7).
4. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 August 2024 | 15,800 | 98,983 | 114,783
| Additions | - | 11,489 | 11,489
| At 31 July 2025 | 15,800 | 110,472 | 126,272
| Depreciation |  |  |
| At 1 August 2024 | 15,800 | 75,993 | 91,793
| Charge for the year | - | 18,399 | 18,399
| At 31 July 2025 | 15,800 | 94,392 | 110,192
| Net book value |  |  |
| At 31 July 2025 | - | 16,080 | 16,080
| At 31 July 2024 | - | 22,990 | 22,990
Page 5
ART-K LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 August 2024 | 2,320
| Additions | 4
| At 31 July 2025 | 2,324
| Net book value |
| At 31 July 2025 | 2,324
| At 31 July 2024 | 2,320
6. | Debtors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 38,648 | 15,751
| Amounts owed by group undertakings | 1,507,221 | 757,364
| Prepayments and accrued income | 5,344 | 19,664
| Deferred taxation | 19,105 | 22,363
|  | 1,570,318 | 815,142
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 8,334 | 17,000
| Amounts owed to group undertakings | 1,413,546 | 816,490
| Other taxation and social security | 34,058 | 46,135
| Other creditors | 21,521 | 16,062
| Accruals and deferred income | 5,360 | 4,605
|  | 1,482,819 | 900,292
| The Art-K Pension Scheme loan is secured over the trademark of Art-K Limited.
Page 6
ART-K LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
8. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | - | 8,334
|  | - | 8,334
| The Art-K Pension Scheme loan is secured over the trademark of Art-K Limited.
9. | Transactions with directors
| Included within other debtors are the following transactions with the directors.
|  | 2025 | 2024
|  | £ | £
| Balance outstanding at start of year | - | 144
| Amounts advanced | - | 630
| Amounts repaid | - | (774)
| Balance outstanding at end of year | - | -
| No interest was charged on this loan. The loan is repayable on demand.
Page 7