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Company registration number: 13225278







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2022


ARROW BUSINESS COMMUNICATIONS PS LIMITED






































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ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
COMPANY INFORMATION


Directors
R E Burke 
A C Ashton (appointed 27 April 2023)




Registered number
13225278



Registered office
The Wharf Abbey Mill Business Park
Lower Eashing

Godalming

GU7 2QN




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
REGISTERED NUMBER:13225278



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Fixed asset investments
  
6,940,428
16,159,697

  
6,940,428
16,159,697

  

Creditors: amounts falling due within one year
 5 
(4,934,398)
(16,813,230)

Net current liabilities
  
 
 
(4,934,398)
 
 
(16,813,230)

Total assets less current liabilities
  
2,006,030
(653,533)

  

Net assets/(liabilities)
  
2,006,030
(653,533)


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
2,006,024
(653,539)

  
2,006,030
(653,533)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A C Ashton
Director

Date: 10 October 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Arrow Business Communications PS Limited is a private company limited by shares, incorporated in the England and Wales under Companies Act 2006. The registered office and pricipal trading address is given on the Company Information page. The functional and presentational currency is GBP.
The Company was incorporated on 25 February 2021, from which the prior period was prepared from in a short period.  Therefore the prior period is not comparrable with the current 12 month period.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2021 - £NIL).

Page 2

 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
16,159,697


Disposals
(9,219,269)



At 31 December 2022
6,940,428





5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
4,484,398
14,313,230

Other creditors
450,000
2,500,000

4,934,398
16,813,230



6.Financial commitments

Loans included within entities of the group that the Company is a part are secured by fixed and floating charges over the assets of the Company and the group.  At the year end the loans amounted to £186,225,036 (2021: £176,242,950).


7.


Controlling party

The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include this company, is Arrow Communications Holdings Limited. The company’s registered address is The Wharf, Abbey Mills Business Park, Lower Eashing, Godalming, Surrey, GU7 2QN.


8.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 20 October 2023 by Robin Hopkins FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 3