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REGISTERED NUMBER: 06497281 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PATRICK HEIDE CONTEMPORARY ART LIMITED

PATRICK HEIDE CONTEMPORARY ART LIMITED (REGISTERED NUMBER: 06497281)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

PATRICK HEIDE CONTEMPORARY ART LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Mr P Heide

| SECRETARY: | J Heide

| REGISTERED OFFICE: | 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 06497281 (England and Wales)

| ACCOUNTANTS: | MGR SD Limited

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

PATRICK HEIDE CONTEMPORARY ART LIMITED (REGISTERED NUMBER: 06497281)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 5,348 |  | 1,189 |  |

CURRENT ASSETS

Inventories | 29,335 |  | 33,835 |  |

Debtors | 5 | 103,537 |  | 43,244 |  |

Cash at bank | 1,716 |  | - |  |

134,588 |  | 77,079 |  |

CREDITORS

Amounts falling due within one year | 6 | (140,084 | ) | (114,888 | ) |

NET CURRENT LIABILITIES | (5,496 | ) | (37,809 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (148 | ) | (36,620 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | (248 | ) | (36,720 | ) |

SHAREHOLDERS' FUNDS | (148 | ) | (36,620 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 6 March 2026 and were signed by:

Mr P Heide - Director

PATRICK HEIDE CONTEMPORARY ART LIMITED (REGISTERED NUMBER: 06497281)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Patrick Heide Contemporary Art 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 represents net invoiced sales of goods, excluding value added tax.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 1 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 23,168 |  | 2,028 |  | 25,196 |  |

| Additions | - |  | 5,497 |  | 5,497 |  |

| At 31 March 2025 | 23,168 |  | 7,525 |  | 30,693 |  |

| DEPRECIATION

| At 1 April 2024 | 22,454 |  | 1,553 |  | 24,007 |  |

| Charge for year | 143 |  | 1,195 |  | 1,338 |  |

| At 31 March 2025 | 22,597 |  | 2,748 |  | 25,345 |  |

| NET BOOK VALUE

| At 31 March 2025 | 571 |  | 4,777 |  | 5,348 |  |

| At 31 March 2024 | 714 |  | 475 |  | 1,189 |  |

PATRICK HEIDE CONTEMPORARY ART LIMITED (REGISTERED NUMBER: 06497281)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 85,479 |  | 20,020 |  |

| Other debtors | 18,058 |  | 23,224 |  |

103,537 |  | 43,244 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts (see note 7) | - |  | 702 |  |

| Trade creditors | 72,570 |  | 64,982 |  |

| Taxation and social security | 7,749 |  | 4,750 |  |

| Other creditors | 59,765 |  | 44,454 |  |

140,084 |  | 114,888 |  |

7. | LOANS

| An analysis of the maturity of loans is given below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | - |  | 702 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 37,000 |  | - |  |

| Between one and five years | 148,000 |  | 33,000 |  |

185,000 |  | 33,000 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |