REGISTERED NUMBER: 03616285 (England and Wales)

Debut Art Limited

Financial Statements for the Year Ended 28th February 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C L Coningsby

T Coningsby

SECRETARY:

T Coningsby

REGISTERED OFFICE:

30 Tottenham Street

London

WIT 4RJ

REGISTERED NUMBER:

03616285 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

3,865

4,695

CURRENT ASSETS

Debtors

5

478,602

564,864

Cash at bank

1,112,889

1,196,362

1,591,491

1,761,226

CREDITORS

Amounts falling due within one year

6

499,947

549,880

NET CURRENT ASSETS

1,091,544

1,211,346

TOTAL ASSETS LESS CURRENT LIABILITIES

1,095,409

1,216,041

PROVISIONS FOR LIABILITIES

7

734

893

NET ASSETS

1,094,675

1,215,148

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,094,575

1,215,048

SHAREHOLDERS' FUNDS

1,094,675

1,215,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2026 and were signed on its behalf by:

A C L Coningsby - Director

1.	STATUTORY INFORMATION

Debut Art Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover shown in the accounts represents amounts invoiced during the year after making any necessary adjustments for amounts invoiced in advance at the end of the current and previous year, exclusive of Value Added Tax. Income is made from services for arts and media.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st March 2025

5,474

108,939

114,413

Additions

-

1,504

1,504

Disposals

(5,474

)

(54,865

)

(60,339

)

At 28th February 2026

-

55,578

55,578

DEPRECIATION

At 1st March 2025

5,474

104,244

109,718

Charge for year

-

2,334

2,334

Eliminated on disposal

(5,474

)

(54,865

)

(60,339

)

At 28th February 2026

-

51,713

51,713

NET BOOK VALUE

At 28th February 2026

-

3,865

3,865

At 28th February 2025

-

4,695

4,695

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

456,016

543,238

Amounts owed by group undertakings

14,828

16,138

VAT

2,196

-

Prepayments and accrued income

5,562

5,488

478,602

564,864

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

345,187

411,397

Corporation Tax

15,881

52,050

Social security and other taxes

9,495

10,093

VAT

-

2,634

Other creditors

3,746

1,129

Directors' current accounts

53,854

20,536

Accruals and deferred income

71,784

52,041

499,947

549,880

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

734

893

Deferred

tax

£

Balance at 1st March 2025

893

Credit to Profit and Loss Account and Statement of Retained Earnings during year

(159

)

Balance at 28th February 2026

734

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

90

Ordinary A

£1

100

100

10

Ordinary B

£1

-

-

100

100

The 'A' and 'B' shares rank pari passu in all respects except that the 'B' shares do not entitle the holders to receive notice of or attend and vote at any general meeting of the company.

9.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £22,500 (2025 - £67,500). £45,000 is due in less than one year.