Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Dr Joanne Merrison 23/01/2026 10/11/2021 Robert Sandelson 10/11/2021 10 April 2026 no description of principal activity 13736378 2024-11-30 13736378 bus:Director1 2024-11-30 13736378 bus:Director2 2024-11-30 13736378 2023-11-30 13736378 core:CurrentFinancialInstruments 2024-11-30 13736378 core:CurrentFinancialInstruments 2023-11-30 13736378 core:Non-currentFinancialInstruments 2024-11-30 13736378 core:Non-currentFinancialInstruments 2023-11-30 13736378 core:ShareCapital 2024-11-30 13736378 core:ShareCapital 2023-11-30 13736378 core:RetainedEarningsAccumulatedLosses 2024-11-30 13736378 core:RetainedEarningsAccumulatedLosses 2023-11-30 13736378 core:LandBuildings 2023-11-30 13736378 core:OtherPropertyPlantEquipment 2023-11-30 13736378 core:LandBuildings 2024-11-30 13736378 core:OtherPropertyPlantEquipment 2024-11-30 13736378 2023-12-01 2024-11-30 13736378 bus:FilletedAccounts 2023-12-01 2024-11-30 13736378 bus:SmallEntities 2023-12-01 2024-11-30 13736378 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13736378 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13736378 bus:Director1 2023-12-01 2024-11-30 13736378 bus:Director2 2023-12-01 2024-11-30 13736378 core:LandBuildings core:TopRangeValue 2023-12-01 2024-11-30 13736378 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-12-01 2024-11-30 13736378 2022-12-01 2023-11-30 13736378 core:LandBuildings 2023-12-01 2024-11-30 13736378 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company No: 13736378 (England and Wales)

# AURULUM ART LIMITED

### Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

AURULUM ART LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

AURULUM ART LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
AURULUM ART LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024

| Note | 30.11.2024 |  | 30.11.2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 27,475 |  | 30,338
|  | 27,475 |  | 30,338
Current assets |  |  |  |
Stocks | 4 | 0 |  | 6,250
Debtors |  |  |  |
- due within one year | 5 | 606,895 |  | 441,299
- due after more than one year | 5 | 199,791 |  | 148,938
Cash at bank and in hand |  | 13 |  | 3,804
|  | 806,699 |  | 600,291
Creditors: amounts falling due within one year | 6 | ( 502,215) |  | ( 357,606)
Net current assets |  | 304,484 |  | 242,685
Total assets less current liabilities |  | 331,959 |  | 273,023
Provision for liabilities |  | 0 |  | ( 4,791)
Net assets |  | 331,959 |  | 268,232
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 331,859 |  | 268,132
Total shareholders' funds |  | 331,959 |  | 268,232

For the financial year ending 30 November 2024 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 financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Aurulum Art Limited (registered number: 13736378) were approved and authorised for issue by the Director. They were signed on its behalf by:

Robert Sandelson Director |

10 April 2026

AURULUM ART LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
AURULUM ART LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Aurulum Art Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerhill House, Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom. The principal place of business is 24 Abbotsbury Road, London, W14 8ER.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 12 years straight line
Plant and machinery etc. | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related third parties and investments in ordinary shares.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 30.11.2024 |  | 30.11.2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 December 2023 | 32,887 |  | 616 |  | 33,503
At 30 November 2024 | 32,887 |  | 616 |  | 33,503
Accumulated depreciation |  |  |  |  |
At 01 December 2023 | 2,970 |  | 195 |  | 3,165
Charge for the financial year | 2,740 |  | 123 |  | 2,863
At 30 November 2024 | 5,710 |  | 318 |  | 6,028
Net book value |  |  |  |  |
At 30 November 2024 | 27,177 |  | 298 |  | 27,475
At 30 November 2023 | 29,917 |  | 421 |  | 30,338

#### 4. Stocks

| 30.11.2024 |  | 30.11.2023
| £ |  | £
Goods for resale | 0 |  | 6,250

#### 5. Debtors

| 30.11.2024 |  | 30.11.2023
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Amounts owed by director | 591,974 |  | 441,299
Prepayments | 14,921 |  | 0
| 606,895 |  | 441,299
Debtors: amounts falling due after more than one year |  |  |
S455 | 199,791 |  | 148,938

#### 6. Creditors: amounts falling due within one year

| 30.11.2024 |  | 30.11.2023
| £ |  | £
Trade creditors | 62,266 |  | 31,802
Accruals and deferred income | 22,082 |  | 13,135
Taxation and social security | 416,267 |  | 311,069
Other creditors | 1,600 |  | 1,600
| 502,215 |  | 357,606

#### 7. Related party transactions

Transactions with the entity's director

At the year end the directors owed the Company £591,974 (2023 - £441,299) which is repayable on demand. Interest has been charged at rate of 2.25%.