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# ART FUND SERVICES LIMITED

## Company Registration Number:
01487654 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2025

## Period of accounts

## Start date: 1 January 2025

## End date: 31 December 2025

# ART FUND SERVICES LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# ART FUND SERVICES LIMITED

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Principal activities of the company

The principal activity of the company is selling advertising space and affinity holidays on behalf of National Art Collections Fund (“Art Fund”).

Political and charitable donations

All profits in the year are donated to Art Fund by way of Gift Aid.

Directors

The director shown below has held office during the whole of the period from
1 January 2025 to 31 December 2025

Jenny Waldman

The director shown below has held office during the period of
1 January 2025 to 15 July 2025

Jeremy Palmer

The director shown below has held office during the period of
15 July 2025 to 31 December 2025

Nigel Carrington

Secretary Anastasia Mihailidou

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 April 2026

And signed on behalf of the board by:
Name: Nigel Carrington
Status: Director

# ART FUND SERVICES LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 159,415 | 153,929
Cost of sales: | ( 34,382 ) | ( 26,438 )
Gross profit(or loss): | 125,033 | 127,491
Distribution costs: | 0 | 0
Administrative expenses: | ( 7,089 ) | ( 6,737 )
Other operating income: | 0 | 0
Operating profit(or loss): | 117,944 | 120,754
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | 0 | 0
Profit(or loss) before tax: | 117,944 | 120,754
Tax: | 0 | 0
Profit(or loss) for the financial year: | 117,944 | 120,754

# ART FUND SERVICES LIMITED

## Balance sheet

As at 31 December 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: |  | 0 | 0
Investments: |  | 0 | 0
Total fixed assets: |  | 0 | 0
Current assets
Stocks: |  | 0 | 0
Debtors: | 3 | 70,316 | 51,239
Cash at bank and in hand: |  | 77,340 | 64,171
Investments: |  | 0 | 0
Total current assets: |  | 147,656 | 115,410
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 4 | ( 144,377 ) | ( 112,131 )
Net current assets (liabilities): |  | 3,279 | 3,279
Total assets less current liabilities: |  | 3,279 | 3,279
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 3,279 | 3,279
Capital and reserves
Called up share capital: |  | 100 | 100
Share premium account: |  | 0 | 0
Other reserves: |  | 0 | 0
Profit and loss account: |  | 3,179 | 3,179
Total Shareholders' funds: |  | 3,279 | 3,279

The notes form part of these financial statements

# ART FUND SERVICES LIMITED

## Balance sheet statements

For the year ending 31 December 2025 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.

This report was approved by the board of directors on 27 April 2026
and signed on behalf of the board by:

Name: Nigel Carrington
Status: Director

The notes form part of these financial statements

# ART FUND SERVICES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

- ## 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

  Turnover policy

  Turnover represents income from advertising and affinity holiday commission.

  Other accounting policies

  Accounting policies a. Basis of preparation The financial statements have been prepared under the historical cost convention in accordance with FRS 102 (section 1A Small Entities) the Financial Reporting Standards applicable in the United Kingdom and the Republic of Ireland. The Directors are of the opinion that Art Fund Services Limited has adequate resources to operate as a going concern for the foreseeable future and the accounts have been prepared on that basis. Income has increased in 2025, with a sufficient level expected to be generated to cover operating costs over the next year. As at the date of signing, the directors are confident that the company will be able to maintain liquidity for a period of at least one year from the date and will therefore be able to continue to trade as a going concern. In making our assessment we did not consider there to be any material uncertainty relating to events or conditions that individually or collectively may cast significant doubt on the company’s ability to continue as a going concern. b. Disclosure exemptions adopted The company has taken advantage of the following disclosure exemptions available in FRS 102 (section 1A Small Entities) to subsidiary undertakings: - Requirement to publish a cash flow statement. - Financial instrument disclosures. - Key management personnel compensation (but company law disclosures for directors’ remunerations still apply) and - Related party transactions entered into between two or more members of the group. c. Turnover Turnover represents income from advertising and affinity holiday commission. d. Stock Stock has been valued at the lower of cost and net realisable value. e. Judgements in applying accounting policies and key sources of estimation uncertainty There were no significant judgements or estimates necessary in preparing the financial statements. f. Distributions Taxable profits transferred to the parent entity, a registered charity, are recognised as distributions from equity when the company has made an irrevocable commitment to the parent to pay the taxable profits.

# ART FUND SERVICES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# ART FUND SERVICES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 3. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 70,313 | 51,239
Prepayments and accrued income | 3 | 0
Other debtors | 0 | 0
Total | 70,316 | 51,239
Debtors due after more than one year: | 0 | 0

# ART FUND SERVICES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 4. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 126,891 | 105,679
Trade creditors | 10,496 | 0
Other creditors | 6,990 | 6,452
Total | 144,377 | 112,131