Artium Asset Management Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13923535

		30 September 2024		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,569		8,897

			10,569		8,897
CURRENT ASSETS
Debtors	5	239,774		114,236
Cash at bank and in hand		15,615		1,863

		255,389		116,099
Creditors: Amounts Falling Due Within One Year	6	(555,631 )		(257,051 )

NET CURRENT ASSETS (LIABILITIES)			(300,242 )		(140,952 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(289,673 )		(132,055 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,642 )		(2,071 )

NET LIABILITIES			(292,315 )		(134,126 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(292,415 )		(134,226 )

SHAREHOLDERS' FUNDS			(292,315)		(134,126)

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Artium Asset Management Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Shotton

Director

27/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Artium Asset Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13923535 . The registered office is Great Western House Junction 7 Business Park, Wakefield Road, Leeds, West Yorkshire, LS10 3DQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Turnover represents amounts receivable for construction and development management services provided during the year together with recharges made to group & other related undertakings, excluding value added tax.

Revenue from construction and development fee income is recognised as the related services are provided over time.

Recharge income is recognised in the period in which the underlying costs are incurred and recharged to group undertakings.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% straight line
Equipment	25% reducing balance

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Artium Asset Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Operating Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Equipment	Total
	£	£	£
Cost
As at 1 October 2023	1,280	9,775	11,055
Additions	-	4,481	4,481

As at 30 September 2024	1,280	14,256	15,536

Depreciation
As at 1 October 2023	235	1,923	2,158
Provided during the period	256	2,553	2,809

As at 30 September 2024	491	4,476	4,967

Net Book Value
As at 30 September 2024	789	9,780	10,569

As at 1 October 2023	1,045	7,852	8,897

5. Debtors

	30 September 2024	30 September 2023
	£	£
Due within one year
Trade debtors	100,907	-
Amounts owed by group undertakings	138,852	102,953
Other debtors	15	11,283

	239,774	114,236

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Artium Asset Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

6. Creditors: Amounts Falling Due Within One Year

	30 September 2024	30 September 2023
	£	£
Trade creditors	55,349	20,423
Amounts owed to group undertakings	453,183	210,232
Other creditors	30,809	20,305
Taxation and social security	16,290	6,091

	555,631	257,051

7. Share Capital

	30 September 2024	30 September 2023
	£	£
Allotted, Called up and fully paid	100	100

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	30 September 2024	30 September 2023
	£	£
Later than one year and not later than five years	156,750	171,708

	156,750	171,708

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