Tholos Fine Art Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC296134 (Scotland)

THOLOS FINE ART PUBLISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

P Lardner

J Lardner

SECRETARY:

P Lardner

REGISTERED OFFICE:

c/o Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

REGISTERED NUMBER:

SC296134 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

BANKERS:

The Royal Bank of Scotland

10 Gordon Street

Glasgow

G1 3PL

CURRENT ASSETS

Stocks

5,520

4,707

Debtors

5

334

47

Cash at bank

3,370

3,466

9,224

8,220

CREDITORS

Amounts falling due within one year

6

14,087

14,307

NET CURRENT LIABILITIES

(4,863

)

(6,087

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,863

)

(6,087

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(4,864

)

(6,088

)

SHAREHOLDERS' FUNDS

(4,863

)

(6,087

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 May 2019 and were signed on its behalf by:

P Lardner - Director

1.	STATUTORY INFORMATION

Tholos Fine Art Publishing Limited is a private company, limited by shares, registered in Scotland. The

company's registered number is SC296134 and its registered office is Citypoint 2, 25 Tyndrum Street, Glasgow,

G4 0JY.

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.

Going concern

The company depends on the support of the directors to meet its day to day working capital requirements. The

directors have a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. Accordingly, the directors believe it is appropriate to prepare the financial

statements on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable.

Turnover is recognised once the artwork has been purchased by the customer.

Tangible fixed assets

Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their

estimated useful lives as follows:

Plant and machinery etc

25% straight line and 25% reducing balance

Financial instruments

Debtors

Trade debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable

amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprises of cash at bank with a short term of maturity, being

twelve months or less, from the opening of the deposit or similar account.

Creditors

Other creditors are recognised where the company has a present obligation resulting from a past event and are

recognised at the settlement amount due after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

and 28 February 2019

596

DEPRECIATION

At 1 March 2018

and 28 February 2019

596

NET BOOK VALUE

At 28 February 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

26

47

Other debtors

308

-

334

47

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

14,087

14,307

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Tholos Fine Art Publishing Limited for the year ended 28 February 2019 which comprise the

Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Tholos Fine Art Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tholos Fine Art Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Tholos Fine Art Publishing Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tholos Fine Art Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tholos Fine Art Publishing Limited. You consider that Tholos Fine Art Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tholos Fine Art Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

21 May 2019