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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Art Broker Finance Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Art Broker Finance Limited |
Art Broker Finance Limited (Registered number: 07992411) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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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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Art Broker Finance Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Fitzroy Place |
Sauchiehall Street |
Glasgow |
Lanarkshire |
G3 7RH |
Art Broker Finance Limited (Registered number: 07992411) |
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Balance Sheet |
31 March 2017 |
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2017 | 2016 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
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 directors acknowledge their 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. |
Art Broker Finance Limited (Registered number: 07992411) |
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Balance Sheet - continued |
31 March 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Art Broker Finance Limited (Registered number: 07992411) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Art Broker Finance Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover, which excludes Value Added Tax and trade discounts, represents the invoiced value of |
goods and services provided. |
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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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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | FIXED ASSET INVESTMENTS |
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2017 | 2016 |
as restated |
£ | £ |
Participating interests |
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Other loans |
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Art Broker Finance Limited (Registered number: 07992411) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Additional information is as follows: |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 | 381,323 |
NET BOOK VALUE |
At 31 March 2017 | 381,323 |
At 31 March 2016 | 381,323 |
Other |
loans |
£ |
At 1 April 2016 |
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New in year |
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At 31 March 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
as restated |
£ | £ |
Trade debtors |
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VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
as restated |
£ | £ |
Shareholders' loan |
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( |
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Trade creditors |
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Accruals and deferred income |
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The shareholders' loan is unsecured, interest free and the repayment date is unspecified. |
Art Broker Finance Limited (Registered number: 07992411) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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7. | ULTIMATE CONTROLLING PARTY |
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