Company Registration No. NI612853 (Northern Ireland)
ARCUS ESTATES LTD
Unaudited accounts
for the year ended 31 May 2023
ARCUS ESTATES LTD
Annual report and abridged unaudited accounts
for the year ended 31 May 2023
ARCUS ESTATES LTD
Company Information
for the year ended 31 May 2023
Directors
Mr Philip Lee
Mrs Carole Lee
Company Number
NI612853 (Northern Ireland)
Registered Office
22 College Gardens
Belfast
BT9 6BS
Northern Ireland
Accountants
ALAN CURRY
4 WARD AVENUE
BANGOR, CO DOWN
BT20 5JW
ARCUS ESTATES LTD
Statement of Financial Position
as at 31 May 2023
Fixed assets
790,207
793,082
Current assets
40,332
65,692
Prepayments and accrued income
6,713
1,330
Creditors: amounts falling due within one year
(380,496)
(377,401)
Net current liabilities
(333,451)
(310,379)
Total assets less current liabilities
456,756
482,703
Creditors: amounts falling due after more than one year
(250,459)
(300,864)
Accruals and deferred income
(2,784)
(4,575)
Net assets
203,513
177,264
Capital and reserves
203,513
177,264
ARCUS ESTATES LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI612853. The registered office is 22 College Gardens, Belfast, BT9 6BS, Northern Ireland.
2 Directors' advances, credit and guarantees
Balance due to Philip Lee at 31 May 2022 £309,588
Advances to Philip Lee in the year to 31 May 2023 £15,928
Sums received from Philip Lee in the year to 31 May 2023 £7,777
Balance due to Philip Lee at 31 May 2023 £301,437
3 Guarantees and other financial commitments
During the accounting period the company paid interest on a Bounce Back Loan received in August 2021.
Interest has been accounted for in respect of the accounting period.
The loan balance at 31 May 2023 was £15,949 (2022: £20,602).
4 Average number of employees
During the year the average number of employees was 2 (2022: 1).
ARCUS ESTATES LTD
Statement of Financial Position
as at 31 May 2023 (continued)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 19 October 2023
Mr Philip Lee
Director
Company Registration No. NI612853