REGISTERED NUMBER: 03501947 (England and Wales)

ASIAN ART IN LONDON

Unaudited Financial Statements

for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

R S Bains

R Hyman

J M Simcox

S J Pilling

R A Dean

M G J Slaats

B A Atighi Moghaddam

N W Y Schoeni-Toye

J C T King

Registered office:

21 John Street

London

WC1N 2BF

Registered number:

03501947 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

766

1,019

Current assets

Debtors

5

4,157

3,479

Cash at bank

48,637

60,974

52,794

64,453

Creditors

Amounts falling due within one year

6

(4,887

)

(2,986

)

Net current assets

47,907

61,467

Total assets less current liabilities

48,673

62,486

Reserves

Retained earnings

7

48,673

62,486

48,673

62,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2026 and were signed on its behalf by:

J M Simcox - Director

1.	Statutory information

Asian Art in London is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3.	Employees and directors

The average number of employees during the year was 1 (2025 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 February 2025

and 31 January 2026

7,249

12,351

19,600

Depreciation

At 1 February 2025

7,213

11,368

18,581

Charge for year

7

246

253

At 31 January 2026

7,220

11,614

18,834

Net book value

At 31 January 2026

29

737

766

At 31 January 2025

36

983

1,019

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

-

250

Other debtors

4,157

3,229

4,157

3,479

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

741

435

Taxation and social security

991

-

Other creditors

3,155

2,551

4,887

2,986

7.

Reserves

Retained

earnings

£

At 1 February 2025

62,486

Deficit for the year

(13,813

)

At 31 January 2026

48,673

8.	Member's liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, Subject to an undertaking by each member to contribute to the net assets and liabilities of the company on winding up such amounts as may be required not exceeding £1.