2022-01-192023-03-312023-03-31false13858380ARETI GROUP 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ARETI GROUP LTD

Registered Number
13858380
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2023

ARETI GROUP LTD
Company Information
for the period from 19 January 2022 to 31 March 2023

Directors

CLARKE, Luke Samuel
KELLY, Peter Robert

Registered Address

4th Floor Silverstream House
45 Fitzroy Street, Fitzrovia
London
W1T 6EB

Registered Number

13858380 (England and Wales)
ARETI GROUP LTD
Balance Sheet as at
31 March 2023

Notes

2023

£

£

Fixed assets
Tangible assets57,870
7,870
Current assets
Debtors6110,100
Cash at bank and on hand307,536
417,636
Creditors amounts falling due within one year7(138,096)
Net current assets (liabilities)279,540
Total assets less current liabilities287,410
Net assets287,410
Capital and reserves
Profit and loss account287,410
Shareholders' funds287,410
The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2023, and are signed on its behalf by:
CLARKE, Luke Samuel
Director
KELLY, Peter Robert
Director

Registered Company No. 13858380
ARETI GROUP LTD
Notes to the Financial Statements
for the period ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

2023
Average number of employees during the year0
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
Additions-9,8979,897
At 31 March 23-9,8979,897
Depreciation and impairment
Charge for year2,027-2,027
At 31 March 232,027-2,027
Net book value
At 31 March 23(2,027)9,8977,870
At 18 January 22---
6.Debtors

2023

£
Trade debtors / trade receivables98,320
Prepayments and accrued income11,780
Total110,100
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

£
Trade creditors / trade payables3,284
Bank borrowings and overdrafts4,819
Taxation and social security129,993
Total138,096
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.