Registered number
12444953
ARVON PROPERTIES LTD
Filleted Abridged Accounts
28 February 2023
ARVON PROPERTIES LTD
Registered number: 12444953
Abridged Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Investments 2 87,500 300,000
Current assets
Debtors 91,603 36,461
Cash at bank and in hand 12,790 5,457
104,393 41,918
Creditors: amounts falling due within one year (164,830) (302,988)
Net current liabilities (60,437) (261,070)
Total assets less current liabilities 27,063 38,930
Creditors: amounts falling due after more than one year (33,383) (42,555)
Net liabilities (6,320) (3,625)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,420) (3,725)
Shareholder's funds (6,320) (3,625)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
GEORGE ROBINS
Director
Approved by the board on 26 October 2023
ARVON PROPERTIES LTD
Notes to the Abridged Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employees 2023 2022
Number Number
Average number of persons employed by the company - -
2 Investments
Other
investments
£
Cost
At 1 March 2022 300,000
Additions 87,500
Disposals (300,000)
At 28 February 2023 87,500
3 Other information
ARVON PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
67A BOUNCES ROAD
LONDON
N9 8JE
ARVON PROPERTIES LTD 12444953 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 GEORGE ROBINS No description of principal activity 12444953 2021-03-01 2022-02-28 12444953 core:WithinOneYear 2022-02-28 12444953 core:AfterOneYear 2022-02-28 12444953 core:ShareCapital 2022-02-28 12444953 core:RetainedEarningsAccumulatedLosses 2022-02-28 12444953 2022-03-01 2023-02-28 12444953 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12444953 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12444953 bus:Director40 2022-03-01 2023-02-28 12444953 1 2022-03-01 2023-02-28 12444953 2 2022-03-01 2023-02-28 12444953 countries:England 2022-03-01 2023-02-28 12444953 bus:FRS102 2022-03-01 2023-02-28 12444953 bus:AbridgedAccounts 2022-03-01 2023-02-28 12444953 2023-02-28 12444953 core:WithinOneYear 2023-02-28 12444953 core:AfterOneYear 2023-02-28 12444953 core:ShareCapital 2023-02-28 12444953 core:RetainedEarningsAccumulatedLosses 2023-02-28 12444953 core:AdditionsToInvestments 2023-02-28 12444953 core:DisposalsRepaymentsInvestments 2023-02-28 12444953 2022-02-28 iso4217:GBP xbrli:pure