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REGISTERED NUMBER: 11190784 (England and Wales)




















Financial Statements

for the Year Ended 28 February 2023

for

ARCLO PROPERTIES LTD

ARCLO PROPERTIES LTD (REGISTERED NUMBER: 11190784)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCLO PROPERTIES LTD

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Ms M S A Manigart





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11190784 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

ARCLO PROPERTIES LTD (REGISTERED NUMBER: 11190784)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 970 1,942
Investment property 5 286,640 286,640
287,610 288,582

CURRENT ASSETS
Debtors 6 4,375 1,564
Cash at bank 27,338 23,000
31,713 24,564
CREDITORS
Amounts falling due within one year 7 (225,682 ) (222,548 )
NET CURRENT LIABILITIES (193,969 ) (197,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,641

90,598

CREDITORS
Amounts falling due after more than one
year

8

(86,220

)

(86,228

)
NET ASSETS 7,421 4,370

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 7,321 4,270
SHAREHOLDERS' FUNDS 7,421 4,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ARCLO PROPERTIES LTD (REGISTERED NUMBER: 11190784)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 3 November 2023 and were signed by:





Ms M S A Manigart - Director


ARCLO PROPERTIES LTD (REGISTERED NUMBER: 11190784)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

ARCLO Properties Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ARCLO PROPERTIES LTD (REGISTERED NUMBER: 11190784)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 3,886
DEPRECIATION
At 1 March 2022 1,944
Charge for year 972
At 28 February 2023 2,916
NET BOOK VALUE
At 28 February 2023 970
At 28 February 2022 1,942

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 286,640
NET BOOK VALUE
At 28 February 2023 286,640
At 28 February 2022 286,640

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 4,375 1,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2,122 1,716
Taxation and social security 897 1,540
Other creditors 222,663 219,292
225,682 222,548

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 86,220 86,228

ARCLO PROPERTIES LTD (REGISTERED NUMBER: 11190784)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Gatehouse Bank mortgage 86,220 86,228

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 86,220 86,228

The mortgage provided by Gatehouse Bank PLC is secured against the freehold interest in the property known as 26 Alliance Avenue by way of a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100