REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE PERIOD 31 MARCH 2020 TO 29 MARCH 2021 |
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VICTORIA ARMSTRONG FINE ART LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE PERIOD 31 MARCH 2020 TO 29 MARCH 2021 |
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FOR |
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VICTORIA ARMSTRONG FINE ART LIMITED |
VICTORIA ARMSTRONG FINE ART LIMITED (REGISTERED NUMBER: 03160598) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 31 March 2020 to 29 March 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Certified Accountants' Report | 7 |
VICTORIA ARMSTRONG FINE ART LIMITED |
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COMPANY INFORMATION |
for the Period 31 March 2020 to 29 March 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 Andromeda House |
Calleva Park |
Aldermaston |
Reading |
Berkshire |
RG7 8AP |
VICTORIA ARMSTRONG FINE ART LIMITED (REGISTERED NUMBER: 03160598) |
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BALANCE SHEET |
29 March 2021 |
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29.3.21 | 30.3.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one
year |
7 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more
than one year |
8 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her 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. |
VICTORIA ARMSTRONG FINE ART LIMITED (REGISTERED NUMBER: 03160598) |
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BALANCE SHEET - continued |
29 March 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue
on
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VICTORIA ARMSTRONG FINE ART LIMITED (REGISTERED NUMBER: 03160598) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 31 March 2020 to 29 March 2021 |
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1. | STATUTORY INFORMATION |
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VICTORIA ARMSTRONG FINE ART LIMITED is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2020 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 31 March 2020 |
and 29 March 2021 |
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AMORTISATION |
At 31 March 2020 |
and 29 March 2021 |
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NET BOOK VALUE |
At 29 March 2021 |
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At 30 March 2020 |
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VICTORIA ARMSTRONG FINE ART LIMITED (REGISTERED NUMBER: 03160598) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 31 March 2020 to 29 March 2021 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 31 March 2020 |
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Additions |
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At 29 March 2021 |
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DEPRECIATION |
At 31 March 2020 |
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Charge for period |
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At 29 March 2021 |
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NET BOOK VALUE |
At 29 March 2021 |
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At 30 March 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.3.21 | 30.3.20 |
£ | £ |
Trade debtors |
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VAT |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.3.21 | 30.3.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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VAT | - | 357 |
Other Creditors |
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Directors' current accounts | 64,131 | 66,082 |
Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
29.3.21 | 30.3.20 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loan over 5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loan over 5 years | 6,943 | - |
VICTORIA ARMSTRONG FINE ART LIMITED (REGISTERED NUMBER: 03160598) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 31 March 2020 to 29 March 2021 |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
VICTORIA ARMSTRONG FINE ART LIMITED |
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The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VICTORIA ARMSTRONG FINE ART LIMITED for the period ended 29 March 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of VICTORIA ARMSTRONG FINE ART LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of VICTORIA ARMSTRONG FINE ART LIMITED and state those matters that we have agreed to state to the director of VICTORIA ARMSTRONG FINE ART LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that VICTORIA ARMSTRONG FINE ART 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 VICTORIA ARMSTRONG FINE ART LIMITED. You consider that VICTORIA ARMSTRONG FINE ART LIMITED is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of VICTORIA ARMSTRONG FINE ART 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. |
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1 Andromeda House |
Calleva Park |
Aldermaston |
Reading |
Berkshire |
RG7 8AP |
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