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REGISTERED NUMBER: 11788746 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Arland Property (App) Limited

Arland Property (App) Limited (Registered number: 11788746)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arland Property (App) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: A J McParland
Mrs L S McParland





REGISTERED OFFICE: Kemp House
160 City Road
London
EC1V 2NX





REGISTERED NUMBER: 11788746 (England and Wales)





ACCOUNTANTS: Maximus Accountancy Services Limited
47 Kensington Road
Chichester
West Sussex
PO19 7XS

Arland Property (App) Limited (Registered number: 11788746)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 78,152

CURRENT ASSETS
Debtors 5 115 147
Cash at bank 191 222
306 369
CREDITORS
Amounts falling due within one year 6 800 144,430
NET CURRENT LIABILITIES (494 ) (144,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(494

)

(65,909

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (594 ) (66,009 )
SHAREHOLDERS' FUNDS (494 ) (65,909 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





A J McParland - Director


Arland Property (App) Limited (Registered number: 11788746)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Arland Property (App) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As referred to in note 10 the directors made the decision subsequent to the year end to cease trading, close the company and apply for it to be struck off the register. Accordingly the accounts cannot be prepared on the going concern basis, and adjustments have been made to financial statements to reflect the changed circumstances. Impairment adjustments have been recognised to write off the unamortised portion of the intangible fixed assets, resulting in a charge to the accounts of £56,371. The loans from the director and from companies under common control totalling £146,000 have been forgiven as irrecoverable, resulting in a credit to the accounts of this amount.

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. Internally generated intangible assets are capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Intangible assets are amortised on a straight line basis over their useful lives from when they are first brought into use. The directors have estimated the useful lives of the App and the related website as 5 years from when they were first brought into use.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Arland Property (App) Limited (Registered number: 11788746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
App
development
costs Website Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 96,062 12,845 108,907
AMORTISATION
At 1 February 2022 25,617 5,138 30,755
Amortisation for year 19,212 2,569 21,781
Impairments 51,233 5,138 56,371
At 31 January 2023 96,062 12,845 108,907
NET BOOK VALUE
At 31 January 2023 - - -
At 31 January 2022 70,445 7,707 78,152

The impairment adjustments above arise from the decision of the directors to cease trading, as referred to in the accounting policies and in note 10 to the accounts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 115 147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 380
Other creditors 800 144,050
800 144,430

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A 1 100 50
50 Ordinary B 1 - 50
100 100

Arland Property (App) Limited (Registered number: 11788746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. RELATED PARTY DISCLOSURES

Other creditors in the prior year included a loan of £120,000 from Andrew McParland, a director and shareholder. The loan was unsecured and interest free. Other creditors in the prior year also included a loan of £20,000 from Arland Property Investments Limited, and a loan of £3,000 from Arland Property Limited, companies under common control. These loans were unsecured and interest free.

As referred to in note 10, subsequent to the year end the directors made the decision to cease trading and close the company. The above loans have been forgiven by the respective creditors and written back in the accounts, together with an additional £3,000 which was loaned during the year by Arland Property Limited.

9. POST BALANCE SHEET EVENTS

Subsequent to the year end the directors took the decision to cease trading and resolved to close the company and apply to have the company struck off.