Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet

As at 30 November 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 November 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Depreciation is provided at rates calculated to write off the cost of tangible fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer equipment – 33% per annum on a straight-line basis. Artwork is not depreciated as it is considered to have an indefinite useful economic life.

  Valuation information and policy

  The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. Listed investments are measured at fair value with changes in fair value recognised in profit or loss. Fixed asset investments are otherwise stated at cost less any accumulated impairment losses.

  Other accounting policies

  The financial statements have been prepared on the historical cost basis. Current and deferred taxation are recognised in accordance with FRS 102. Foreign currency transactions are translated at the exchange rates ruling at the transaction date, with monetary assets and liabilities retranslated at the reporting date. Financial instruments are recognised and measured in accordance with FRS 102. Investments are accounted for in accordance with the company's accounting policy and reviewed for impairment where appropriate.

Notes to the Financial Statements

for the Period Ended 30 November 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	0	0