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Registered number: 08704323
ART MARKET MINDS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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ART MARKET MINDS LTD
REGISTERED NUMBER:08704323
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Year ended 31 December 2025
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Period ended 31 December 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
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ART MARKET MINDS LTD
REGISTERED NUMBER:08704323
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2026.
The notes on pages 3 to 7 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Art Market Minds Ltd is a private company, limited by shares, incorporated in England and Wales. Its registered office address is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD and its business address is 24 Wandsworth Road, London, SW8 2JW.
The principal activity of the Company is that of organising art related events and conferences.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
The directors have prepared the financial statements on the going concern basis as they intend to carry on trading for the foreseeable future. They have prepared budgets which show the Company will have sufficient funds to be able to meet its obligations as and when they fall due for at least twelve months from the date the accounts are approved.
Therefore, the directors believe that preparing the financial statements as a going concern is appropriate, and there are no material uncertainties which may cast significant doubt over the Company's ability to continue as such.
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Foreign currency translation
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The Company's functional and presentational currency is £ Sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.
Turnover represents amounts receivable from the organisation of art related events and conferences, exclusive of Value Added Tax and discounts. Revenue is recognised when the events and conferences take place. Income received in advance are deferred and released to income when the events and conferences take place.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Trademarks are initially recognised at cost. After recognition, under the cost model, trademarks are measured at cost less any accumulated amortisation and any accumulated impairment losses. All trademarks are considered to have a finite useful life. If a reliable estimate of the useful life can be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short term debtors are measured at the transaction price, less any impairment.
Short term creditors are measured at the transaction price.
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The average monthly number of employed staff during the year was 2 (2024 - 3).
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the year on owned assets
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the year on owned assets
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Year ended 31 December 2025
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Period ended 31 December 2024
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Prepayments and accrued income
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Included within other debtors due within one year are loans totalling £11,334 (2024 - £9,751) due by the directors of the Company. This represents the maximum amount due to the Company during the year. The balances due were repaid after the reporting date.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due within one year
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Year ended 31 December 2025
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Period ended 31 December 2024
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Year ended 31 December 2025
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Period ended 31 December 2024
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Year ended 31 December 2025
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Period ended 31 December 2024
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Allotted, called up and fully paid
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100 (2024 - 100) Ordinary shares of £1 each
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The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 10 September 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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