Company registration number 10393547 (England and Wales)
ARTIST RESIDENCE OXFORD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ARTIST RESIDENCE OXFORD LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
ARTIST RESIDENCE OXFORD LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
932,234
1,052,695
Current assets
Debtors
5
41,879
156,619
Cash at bank and in hand
49,384
87,101
91,263
243,720
Creditors: amounts falling due within one year
6
(1,989,039)
(2,206,785)
Net current liabilities
(1,897,776)
(1,963,065)
Net liabilities
(965,542)
(910,370)
Capital and reserves
Called up share capital
3
3
Revaluation reserve
34,829
34,829
Profit and loss reserves
(1,000,374)
(945,202)
Total equity
(965,542)
(910,370)

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.

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.

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.

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

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

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 number 10393547 (England and Wales)
ARTIST RESIDENCE OXFORD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2024
3
34,829
(900,516)
(865,684)
Year ended 31 December 2024:
Loss for the year
-
-
(44,686)
(44,686)
Balance at 31 December 2024
3
34,829
(945,202)
(910,370)
Year ended 31 December 2025:
Loss for the year
-
-
(55,172)
(55,172)
Balance at 31 December 2025
3
34,829
(1,000,374)
(965,542)
ARTIST RESIDENCE OXFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

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

1.1
Accounting convention

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 £965,542 (2024: £910,370). 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.true

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

1.3
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. 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
Computers
25% 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 OXFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

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

1.6
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.

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.

1.7
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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ARTIST RESIDENCE OXFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

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

2
Judgements and key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The rate of depreciation of fixed assets and determining when a provision is required for an outstanding debt.

3
Employees

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

2025
2024
Number
Number
Total
11
15
ARTIST RESIDENCE OXFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Leasehold improvements
Artwork
Fixtures and fittings
Computers
Hotel supplies
Total
£
£
£
£
£
£
Cost
At 1 January 2025
1,248,200
34,829
736,020
31,022
7,888
2,057,959
Additions
-
0
-
0
8,710
-
0
-
0
8,710
At 31 December 2025
1,248,200
34,829
744,730
31,022
7,888
2,066,669
Depreciation and impairment
At 1 January 2025
389,776
-
0
580,676
29,563
5,249
1,005,264
Depreciation charged in the year
62,410
-
0
63,107
1,015
2,639
129,171
At 31 December 2025
452,186
-
0
643,783
30,578
7,888
1,134,435
Carrying amount
At 31 December 2025
796,014
34,829
100,947
444
-
0
932,234
At 31 December 2024
858,424
34,829
155,344
1,459
2,639
1,052,695

The art work in the hotel i s valued at it’s original cost as an estimate of its market value.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
111
Amounts owed by group undertakings
-
0
98,941
Other debtors
41,879
57,567
41,879
156,619
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
42,915
67,077
Amounts owed to group undertakings
1,696,346
1,860,137
Corporation tax
-
0
21,721
Other taxation and social security
71,093
74,830
Other creditors
178,685
183,020
1,989,039
2,206,785
ARTIST RESIDENCE OXFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Elgnatco Limited
69,914
69,914
Mason Arms Limited
53,365
53,365
8
Parent company

The controlling party is Artist Residence Group Limited, a company incorporated in England and Wales.

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