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REGISTERED NUMBER: 09451119

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Figurative Arts Limited

Figurative Arts Limited (Registered number: 09451119)

Contents of the Financial Statements

for the Year Ended 28 February 2026

Page |

Company information | 1 |

Balance sheet | 2 |

Notes to the financial statements | 3 |

Figurative Arts Limited

Company Information

for the Year Ended 28 February 2026

| DIRECTORS: | Mr Oliver Lee Wootton

| Mr Gianrobert Charles Wootton

| REGISTERED OFFICE: | Freedman House

| Christopher Wren Yard

| 117 High Street

| Croydon

| CR0 1QG

| REGISTERED NUMBER: | 09451119

| ACCOUNTANTS: | SBM Associates Limited

| Freedman House

| Christopher Wren Yard

| 117 High Street

| Croydon

| CR0 1QG

Figurative Arts Limited (Registered number: 09451119)

Balance Sheet

28 February 2026

| 28.2.26 |  | 28.2.25

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 425,079 |  | 593,073 |  |

Debtors | 5 | 16,434 |  | 34,888 |  |

Cash at bank | 599,591 |  | 154,870 |  |

1,041,104 |  | 782,831 |  |

CREDITORS

Amounts falling due within one year | 6 | 259,087 |  | 221,171 |  |

NET CURRENT ASSETS | 782,017 |  | 561,660 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 782,017 |  | 561,660 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 781,917 |  | 561,560 |  |

SHAREHOLDERS' FUNDS | 782,017 |  | 561,660 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

Mr Oliver Lee Wootton - Director

Figurative Arts Limited (Registered number: 09451119)

Notes to the Financial Statements

for the Year Ended 28 February 2026

1. | STATUTORY INFORMATION

| Figurative Arts Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

| When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost comprises direct cost of works of art and, where applicable, import tax.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Figurative Arts Limited (Registered number: 09451119)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2025 - 2 ) .

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

| 28.2.26 |  | 28.2.25

£ | £ |

| Trade debtors | - |  | 34,864 |  |

| Other debtors | 16,434 |  | 24 |  |

16,434 |  | 34,888 |  |

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

| 28.2.26 |  | 28.2.25

£ | £ |

| Bank loans and overdrafts | 2,668 |  | - |  |

| Trade creditors | 52 |  | 840 |  |

| Taxation and social security | 86,522 |  | - |  |

| Other creditors | 169,845 |  | 220,331 |  |

259,087 |  | 221,171 |  |

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year, the company paid dividend of £37,474 (2025 - £31,816) to the directors.

| At the balance sheet date, the company owed £168,045 (2025 - £218,246) to the directors.