ACCOUNTS - Final Accounts preparation

CHRISTIAN ART NETWORK LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-03-25trueNo description of principal activityfalsetrue2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13292632 2021-03-24 13292632 2021-03-25 2022-03-31 13292632 2020-03-25 2021-03-24 13292632 2022-03-31 13292632 c:Director1 2021-03-25 2022-03-31 13292632 c:Director2 2021-03-25 2022-03-31 13292632 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 13292632 d:CurrentFinancialInstruments 2022-03-31 13292632 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13292632 d:ShareCapital 2022-03-31 13292632 d:RetainedEarningsAccumulatedLosses 2022-03-31 13292632 c:OrdinaryShareClass1 2021-03-25 2022-03-31 13292632 c:OrdinaryShareClass1 2022-03-31 13292632 c:FRS102 2021-03-25 2022-03-31 13292632 c:AuditExempt-NoAccountantsReport 2021-03-25 2022-03-31 13292632 c:FullAccounts 2021-03-25 2022-03-31 13292632 c:PrivateLimitedCompanyLtd 2021-03-25 2022-03-31 13292632 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2021-03-25 2022-03-31 13292632 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2021-03-25 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13292632

CHRISTIAN ART NETWORK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2022

CHRISTIAN ART NETWORK LIMITED

REGISTERED NUMBER: 13292632

BALANCE SHEET

AS AT 31 MARCH 2022

		2022
Note		$

Fixed assets
Intangible assets	4		282
			282
Current assets
Debtors: amounts falling due within one year	5	706
		706
Creditors: amounts falling due within one year	6	(135,982)
Net current (liabilities)/assets			(135,276)
Total assets less current liabilities			(134,994)

Net (liabilities)/assets			(134,994)

Capital and reserves
Called up share capital			1,410
Profit and loss account			(136,404)
			(134,994)

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CHRISTIAN ART NETWORK LIMITED

REGISTERED NUMBER: 13292632

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2022.

J J Studzinski	P Van Der Vorst
Director	Director

The notes on pages 3 to 5 form part of these financial statements.

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CHRISTIAN ART NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

1.	General information

Christian Art Network Limited was incorporated on 25 March 2021 to provide an information service. It is a private company limited by shares and registered in England and Wales. The address of its registered office is 92 Cheyne Walk, Chelsea, London, England, SW10 0DQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been drawn up on a going concern basis on the assumption that the company's principal creditors will continue to provide such financial support as the company requires to enable it to meet its liabilities when they fall due. The company has received assurance that such support will be provided.
Should such support be withdrawn, the company may be unable to continue trading and adjustments may have to be made to reduce the value of the assets to their recoverable amount and provide for any further liabilities that may arise.
The company therefore adopts the going concern basis in preparing its financial statements.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price.

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CHRISTIAN ART NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

			2022
			No.

		Directors	2

4.	Intangible assets

		Intellectual Property Rights
		$
	Cost
	Additions	352
	At 31 March 2022	352
	Amortisation
	Charge for the period on owned assets	70
	At 31 March 2022	70
	Net book value
	At 31 March 2022	282

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CHRISTIAN ART NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

Debtors

					2022
					$


	Other debtors	706
		706

6.	Creditors: Amounts falling due within one year
		2022
		$

	Other creditors	131,255
	Accruals	4,727
		135,982

7.	Share capital
		2022
		$

		Allotted, called up and fully paid

		1,000 Ordinary shares of £1.00 each	1,410

On incorporation, the Company issued 1 Ordinary Share of £1 each for cash at par. On 16 June 2021, the Company issued 499 Ordinary Shares of £1 each for cash at par and 500 Ordinary Shares of £1 each for non-cash consideration.

8.	Related party transactions
	At the reporting date, the company owed J J Studzinski , a director of the company, $131,255 in respect of his director's loan account. The loan is interest free, unsecured and repayable on demand.

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