Company registration number 09348027 (England and Wales)
ARTIST RESIDENCE GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ARTIST RESIDENCE GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
ARTIST RESIDENCE GROUP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
300,574
370,716
Investments
5
269
269
300,843
370,985
Current assets
Debtors
7
1,289,744
1,381,914
Cash at bank and in hand
137,339
214,667
1,427,083
1,596,581
Creditors: amounts falling due within one year
8
(2,421,981)
(2,478,780)
Net current liabilities
(994,898)
(882,199)
Total assets less current liabilities
(694,055)
(511,214)
Creditors: amounts falling due after more than one year
9
(561,492)
(572,015)
Provisions for liabilities
(1,823)
(1,823)
Net liabilities
(1,257,370)
(1,085,052)
Capital and reserves
Called up share capital
64
64
Profit and loss reserves
(1,257,434)
(1,085,116)
Total equity
(1,257,370)
(1,085,052)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ARTIST RESIDENCE GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 July 2026 and are signed on its behalf by:
Mrs C K Salisbury
Director
Company Registration No. 09348027
ARTIST RESIDENCE GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
64
(951,622)
(951,558)
Year ended 31 December 2024:
Loss for the year
-
(133,494)
(133,494)
Balance at 31 December 2024
64
(1,085,116)
(1,085,052)
Year ended 31 December 2025:
Loss for the year
-
(172,318)
(172,318)
Balance at 31 December 2025
64
(1,257,434)
(1,257,370)
ARTIST RESIDENCE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Artist Residence Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, England, EC1M 4JN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

As at 31 December 2025, the company has net liabilities of true£1,2 46,943 (202 4: £1,085,052). However, the Directors consider that the company has adequate resources to continue its operational existence for the foreseeable future. The basis of this expectation is that the lenders, who are related parties, have agreed to support the company and not seek payment until such time as the company is able to pay. The bank also continues to support the business.

The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.

1.3
Revenue

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, 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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% straight line
Artwork
Nil
Fixtures and fittings
20% straight line
Computer equipment
20% straight line
Hotel supplies
50% straight line

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.

ARTIST RESIDENCE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ARTIST RESIDENCE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ARTIST RESIDENCE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
3
4
Tangible fixed assets
Leasehold improvements
Artwork
Fixtures and fittings
Computer equipment
Hotel supplies
Total
£
£
£
£
£
£
Cost
At 1 January 2025
242,683
16,352
299,883
157,603
2,433
718,954
Additions
-
0
-
0
6,793
-
0
-
0
6,793
At 31 December 2025
242,683
16,352
306,676
157,603
2,433
725,747
Depreciation and impairment
At 1 January 2025
51,449
-
0
168,169
127,655
965
348,238
Depreciation charged in the year
10,833
-
0
50,533
14,499
1,070
76,935
At 31 December 2025
62,282
-
0
218,702
142,154
2,035
425,173
Carrying amount
At 31 December 2025
180,401
16,352
87,974
15,449
398
300,574
At 31 December 2024
191,234
16,352
131,714
29,948
1,468
370,716
5
Fixed asset investments
2025
2024
£
£
Investments
269
269
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 & 31 December 2025
269
Carrying amount
At 31 December 2025
269
At 31 December 2024
269
ARTIST RESIDENCE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Artist Residence Brighton Limited
82 St John Street London EC1M 4JN
Ordinary
100.00
Artist Residence Oxford Limited
82 St John Street London EC1M 4JN
Ordinary
100.00
Artist Residence Penzance Limited
82 St John Street London EC1M 4JN
Ordinary
100.00
Artist Residence Bristol Limited
82 St John Street London EC1M 4JN
Ordinary
100.00
Artist Residence London Limited
82 St John Street London EC1M 4JN
Ordinary
100.00
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
29,855
18,194
Amounts owed by group undertakings
989,434
1,164,626
Other debtors
270,455
199,094
1,289,744
1,381,914
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
66,937
30,913
Amounts owed to group undertakings
2,004,921
2,101,193
Taxation and social security
9,112
13,209
Other creditors
341,011
333,465
2,421,981
2,478,780
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
561,492
572,015

The bank loan with Metro Bank Plc is secured by a fixed and floating charge over the assets of the company.

10
Related party transactions
The following amounts were outstanding at the reporting end date:
2025
2024
Amounts due to related parties
£
£
ARTIST RESIDENCE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Related party transactions
(Continued)
- 9 -
Elgnatco Limited
233,791
233,791
11
Directors' transactions

Included within other creditors is a balance of £8,756 (2024: £1,735 owed by) owed to the directors.

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