Company No: 07795620 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Alma Luxembourg
	Daniella Luxembourg

REGISTERED OFFICE	2 Savile Row
	London
	W1S 3PA
	United Kingdom

COMPANY NUMBER

07795620 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	37,261		23,712
		37,261		23,712
Current assets
Stocks		210,386		185,872
Debtors
- due within one year	4	827,392		283,275
- due after more than one year	4	81,000		81,000
Cash at bank and in hand		2,412,191		5,375,326
		3,530,969		5,925,473
Creditors: amounts falling due within one year	5	( 722,053)		( 2,860,951)
Net current assets		2,808,916		3,064,522
Total assets less current liabilities		2,846,177		3,088,234
Net assets		2,846,177		3,088,234
Capital and reserves
Called-up share capital		100,000		100,000
Capital redemption reserve		50,000		50,000
Profit and loss account		2,696,177		2,938,234
Total shareholder's funds		2,846,177		3,088,234

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

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Luxembourg and Co Art Limited (registered number: 07795620) were approved and authorised for issue by the Board of Directors on 27 August 2026. They were signed on its behalf by:

Alma Luxembourg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Luxembourg and Co Art Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Savile Row, London, W1S 3PA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

Income from direct sales of works of art is recognised in turnover when a sale has been agreed and it is highly probable that payment will be received by the company. Commission income is recognised when the right to consideration accrues. Income from consultancy services is recognised when the services are performed.

For sales of works where the substance of the arrangement is that the company is acting as agent, only the company’s commission or share of sale proceeds is recognised in turnover.

Taxation

Current tax
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Land and buildings	4 years straight line
	depreciated over the life of the lease
Plant and machinery etc.	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The company as lessee
Rentals under operating leases are charged to the profit and loss account evenly over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

The company's financial instruments comprise cash at bank and short term receivables and payables. No amounts have been designated as at fair value through Profit & Loss.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	7		8

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2025	89,626		108,982		198,608
Additions	0		25,565		25,565
At 31 December 2025	89,626		134,547		224,173
Accumulated depreciation
At 01 January 2025	81,929		92,967		174,896
Charge for the financial year	1,621		10,395		12,016
At 31 December 2025	83,550		103,362		186,912
Net book value
At 31 December 2025	6,076		31,185		37,261
At 31 December 2024	7,697		16,015		23,712

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	376,848		5,837
Deferred tax asset	122,141		66,780
Other debtors	328,403		210,658
	827,392		283,275
Debtors: amounts falling due after more than one year
Other debtors	81,000		81,000

Other debtors falling due after more than one year comprise an office lease deposit.

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	69,668		2,697,556
Other taxation and social security	55,931		35,890
Other creditors	596,454		127,505
	722,053		2,860,951

6. Financial commitments

Other financial commitments

	2025		2024
	£		£
Other financial commitments not on the balance sheet	218,750		312,500