Janus Arts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11695666

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,128		2,223
Investments	5		100		100

			1,228		2,323
CURRENT ASSETS
Stocks	6	63,427		64,067
Debtors	7	184,756		225,317
Cash at bank and in hand		3,878		1,106

		252,061		290,490
Creditors: Amounts Falling Due Within One Year	8	(1,375,863 )		(1,297,459 )

NET CURRENT ASSETS (LIABILITIES)			(1,123,802 )		(1,006,969 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,122,574 )		(1,004,646 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(8,773 )

NET LIABILITIES			(1,122,574 )		(1,013,419 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(1,122,674 )		(1,013,519 )

SHAREHOLDERS' FUNDS			(1,122,574)		(1,013,419)

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Janus Arts Limited

Balance Sheet (continued)

As At 29 November 2025

For the year ending 29 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Kulukundis

Director

24/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Janus Arts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11695666 . The registered office is 17 Station Road, Sunbury-on-Thames, TW16 6SB.

The principal activity of the cokpany during the year was that of buying and selling of art and collecttibles.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The Company is in a net liability position of £1,013,419 (2023: £830,442) as a result of amounts owed to creditors as detailed in notes 8 and 9 of the financial statements. The Director is continuously reviewing their plans and forecasts and believes that the going concern basis is appropriate in the short term. However there is a risk that the Company could require further funding or support in order to secure its trading position. Without this, there may be considered to be a potential material uncertainty regarding the Company's independent ability to continue as a going concern. The Director confidently believes that with continued support, as the markets recover, the issue is mitigated.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 years straight line
Fixtures & Fittings	3 years straight line

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

2.6. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Valuation of investments

Investment in subsidiaries are measured at cost less accumulated impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Janus Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 November 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 30 November 2024	8,822
Disposals	(5,504 )

As at 29 November 2025	3,318

Depreciation
As at 30 November 2024	6,599
Provided during the period	1,095
Disposals	(5,504 )

As at 29 November 2025	2,190

Net Book Value
As at 29 November 2025	1,128

As at 30 November 2024	2,223

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 30 November 2024	100

As at 29 November 2025	100

Provision
As at 30 November 2024	-

As at 29 November 2025	-

Net Book Value
As at 29 November 2025	100

As at 30 November 2024	100

6. Stocks

	2025	2024
	£	£
Finished goods	63,427	64,067

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Janus Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 November 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	177,365	217,290
Other debtors	7,391	8,027

	184,756	225,317

Amount owed by group undertakings are unsecured, interest free and repayable on demand.

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,481	2,544
Bank loans and overdrafts	8,773	10,289
Other loans	1,021,405	974,989
Other creditors	344,204	309,637

	1,375,863	1,297,459

Inluded in creditors due within one year is £8,773..00 (2024: 10,289.00) relating to a loan which has been guranteed by the Government.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	8,773

Included in creditors due after more than one year is £nil (2024: £8,773.00) relating to a loan which has been guaranteed by the Government.

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

The Company has taken the available exemption under FRS 102 Section 1A to not to disclose related party transactions with other wholly owned group companies. Details of the debtor balances held with group companies can be found in note 7.

During the year J Kulukundis, the Company's director advanced £2,450.00 (2024: £32,173.00) to the Company. The director also charged the business £29,900.00 (2024: £30,600.00) rent and was reimbursed £4,985.00 (2024: £72,797.00). During the year the Company sold items to the director for £2,782.00 (2024: £2,100.00). The items were sold at the value of the lower of cost and net realisable value.

At the balance Sheet date £110,021.00 (2024: £112,556.00) was owed by Janus Arts Limited to the director. This balance is interest free and repayable on demand.

12. Ultimate Controlling Party

The company's ultimate controlling party is J Kulukundis by virtue of his ownership of 100% of the issued share capital in the company.

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