HOUSE FOR AN ART LOVER

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services, Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. HOUSE FOR AN ART LOVER · parent
   1. HAL Commercial Company Limited 100% · Scotland · operates the Art Lovers Café, gift shop and all commercial trading operations

Significant events

• “for 2024, the trading subsidiary was able to contribute £360,000 (2023: £276,000) to the charitable company under the terms of the long-established covenant.”
• “In 2024 Management recommended and the Board approved, a considered programme of maintenance and investment in the House and its surrounds, including internal systems, external signage and the commissioning of a new website.”
• “an agreement with City Properties on the Heads of Terms of a new 20-year lease thus providing welcome certainty from which to plan future investment in the House and its wider enterprise.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.1%

  £1,819,341 → £1,799,492

• Cash

  -5.2%

  £292,211 → £277,078

• Net assets

  -3.4%

  £492,824 → £475,856

• Employees

  -24.1%

  58 → 44

• Wages

  -6.9%

  £957,892 → £892,259

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers