ART ASSET HOLDING LTD - Accounts

ART ASSET HOLDING LTD - Company Information

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Registered Number: 11218206

England and Wales

Report of the Director and Unaudited Financial Statements

for the year ended 28 February 2024

for

ART ASSET HOLDING LTD

ART ASSET HOLDING LTD
Statement of financial position
As at 28 February 2024

	£	2024 £	£	2023 £
Current assets	245,747		401,669
Creditors: amount falling due within one year	(245,636)		(364,336)
Net current assets		111		37,333
Total assets less current liabilities		111		37,333
Net assets		111		37,333


Capital and reserves		111		37,333

For the year ended 28 February 2024 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 of its accounts for the year 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 accounts

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

----------------------------------
Marco Assetto
Director

Date approved: 15 April 2024

ART ASSET HOLDING LTD
Notes to the accounts
For the year ended 28 February 2024

Statutory Information

ART ASSET HOLDING LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11218206, registration address 51 South Street, London, W1K 2XL, United Kingdom.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.

2.	Average number of employees Average number of employees during the year was 0 (2023: 0).