REAL ART PICTURES LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03614744 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

REAL ART PICTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K AL-JANABI

SECRETARY:

H HEFFNER

REGISTERED OFFICE:

7 TAVISTOCK TERRACE

LONDON

London

N19 4BZ

REGISTERED NUMBER:

03614744 (England and Wales)

ACCOUNTANTS:

Cohen & Co. Accountants

DATASOFT ACCOUNTING SERVICES LTD

129 STATION ROAD

London

NW4 4NJ

FIXED ASSETS

Tangible assets

4

2,635

2,581

CURRENT ASSETS

Debtors

5

2,576

20,641

Cash at bank

-

13,138

2,576

33,779

CREDITORS

Amounts falling due within one year

6

1,294

2,845

NET CURRENT ASSETS

1,282

30,934

TOTAL ASSETS LESS CURRENT LIABILITIES

3,917

33,515

ACCRUALS AND DEFERRED INCOME

-

30,878

NET ASSETS

3,917

2,637

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

16,164

16,164

Retained earnings

(12,248

)

(13,528

)

SHAREHOLDERS' FUNDS

3,917

2,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 January 2024 and were signed by:

K AL-JANABI - Director

1.	STATUTORY INFORMATION

REAL ART PICTURES 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 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2022

25,510

Additions

699

At 31 July 2023

26,209

DEPRECIATION

At 1 August 2022

22,929

Charge for year

645

At 31 July 2023

23,574

NET BOOK VALUE

At 31 July 2023

2,635

At 31 July 2022

2,581

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Other debtors

2,576

20,641

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade creditors

2

-

Taxation and social security

692

1,885

Other creditors

600

960

1,294

2,845