REGISTERED NUMBER: 04341319 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2012

FOR

ART PROJECTS MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss S J Twomey

REGISTERED OFFICE:

Suite 224

28 Old Brompton Road

South Kensington

London

SW7 3SS

REGISTERED NUMBER:

04341319 (England and Wales)

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Tangible assets

2

224

1,089

CURRENT ASSETS

Debtors

11,222

7,455

CREDITORS

Amounts falling due within one year

11,380

13,612

NET CURRENT LIABILITIES

(158

)

(6,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

66

(5,068

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

64

(5,070

)

SHAREHOLDERS' FUNDS

66

(5,068

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 June 2013 and were signed by:

Miss S J Twomey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

and 31 December 2012

4,218

DEPRECIATION

At 1 January 2012

3,129

Charge for year

865

At 31 December 2012

3,994

NET BOOK VALUE

At 31 December 2012

224

At 31 December 2011

1,089

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2012

2011

value:

£

£

2

Ordinary

£1

2

2

4.	TRANSACTIONS WITH DIRECTOR

The following loan to directors subsisted during the years ended 31 December 2012 and

31 December 2011:

2012

2011

£

£

Miss S J Twomey

Balance outstanding at start of year

(426

)

9,051

Amounts advanced

43,071

17,043

Amounts repaid

(39,530

)

(26,520

)

Balance outstanding at end of year

3,115

(426

)

Interest is charged on overdrawn balances at a rate of 4.% per annum and have no fixed repayment

terms.