Peter Harrison Fine Art Ltd

Peter Harrison Fine Art Ltd

PETER HARRISON FINE ART LTD - Company Information

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4 January 2021 false Taxfiler 2022.11.1 13110285business:PrivateLimitedCompanyLtd2021-01-042022-01-31 131102852021-01-03 131102852021-01-042022-01-31 13110285business:AuditExempt-NoAccountantsReport2021-01-042022-01-31 13110285business:FullAccounts2021-01-042022-01-31 131102852022-01-31 13110285core:WithinOneYear2022-01-31 13110285core:ShareCapital2022-01-31 13110285core:RetainedEarningsAccumulatedLosses2022-01-31 13110285business:SmallEntities2021-01-042022-01-31 13110285business:Director12021-01-042022-01-31 13110285countries:EnglandWales2021-01-042022-01-31 13110285business:RegisteredOffice2021-01-042022-01-31 13110285business:Director112021-01-042022-01-31 13110285business:Director112021-01-03 13110285business:Director112022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13110285 (England and Wales)
Peter Harrison Fine Art Ltd Unaudited accounts for the period from 4 January 2021 to 31 January 2022
Peter Harrison Fine Art Ltd Unaudited accounts Contents
Page
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Peter Harrison Fine Art Ltd Statement of financial position as at 31 January 2022
2022 
Notes
£ 
Current assets
Inventories
37,314 
Debtors
4
4,505 
Cash at bank and in hand
412 
42,231 
Creditors: amounts falling due within one year
5
(27,399)
Net current assets
14,832 
Net assets
14,832 
Capital and reserves
Called up share capital
1 
Profit and loss account
14,831 
Shareholders' funds
14,832 
For the period ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2023 and were signed on its behalf by
Peter W M Harrison Director Company Registration No. 13110285
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Peter Harrison Fine Art Ltd Notes to the Accounts for the period from 4 January 2021 to 31 January 2022
1
Statutory information
Peter Harrison Fine Art Ltd is a private company, limited by shares, registered in England and Wales, registration number 13110285. The registered office is 90D BEAUFORT STREET, LONDON, SW3 6BU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 4 January 2021 to 31 January 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 4 January 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2022 
£ 
Amounts falling due within one year
Other debtors
4,505 
5
Creditors: amounts falling due within one year
2022 
£ 
Taxes and social security
6,327 
Other creditors
26,729 
Loans from directors
(6,170)
Accruals
513 
27,399 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Peter W M Harrison
This loan was not repaid within 9 months of the period-end and was, therefore, subject to S455 Tax.
- 
6,170 
- 
6,170 
- 
6,170 
- 
6,170 
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Peter Harrison Fine Art Ltd Notes to the Accounts for the period from 4 January 2021 to 31 January 2022
7
Transactions with related parties
Mr Harrison is also the sole Director of Harrison & Van Oostende Fine Art Ltd )HVO), of which he owns 50% of the Company's Share Capital. During the period, HVO lent money to Peter Harrison Fine Art Ltd who, in return, funded purchases on behalf of HVO. At the period-end, HVO were owed £26,729 in respect of these loans.
8
Average number of employees
During the period the average number of employees was 0.
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