2022-02-01 2023-01-31 11140568 ARNIK INVESTMENT LTD false 11140568 2022-02-01 2023-01-31 11140568 uk-bus:Director1 2022-02-01 2023-01-31 11140568 uk-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11140568 uk-bus:SmallEntities 2022-02-01 2023-01-31 11140568 uk-bus:FullAccounts 2022-02-01 2023-01-31 11140568 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11140568 2022-02-01 11140568 2023-01-31 11140568 2022-01-31 xbrli:pure iso4217:GBP 11140568 2021-02-01 2022-01-31
Company Registration Number : 11140568 (England and Wales)
11140568
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-01-31
false
ARNIK INVESTMENT LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-02-01
ARNIK INVESTMENT LTD
Unaudited filleted financial statements
For the year ended 31 January 2023
ARNIK INVESTMENT LTD
Contents
For the year ended 31 January 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


ARNIK INVESTMENT LTD
Company Information
For the year ended 31 January 2023

Company registration number 11140568 (England and Wales)
Directors Shilpa Kaluti
Praveen Karadiguddi
Company secretary Praveen Karadiguddi
Registered office address Fraser House
56 Kingston Road
Staines-Upon-Thames
England
TW18 4NL
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
ARNIK INVESTMENT LTD
Statement of Financial Position
For the year ended 31 January 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 196,876 262,501
Investment Property 4,391,037 4,355,292
6 4,587,913 4,617,793
Current assets
Debtors 2,929,107 2,569,375
Cash and cash equivalents 3,269 2,153
2,932,376 2,571,529
Current liabilities
Creditors: Amounts falling due within one year (7,120,154) (6,801,033)
Corporation tax payable (11,510) (11,738)
(7,131,664) (6,812,771)
Net current (liabilities)/assets (4,199,288) (4,241,242)
Total assets less current liabilities 388,625 376,551
Non-current liabilities
Creditors: Amounts falling due after more than one year (405,475) (405,475)
Net (liabilities)/assets (16,850) (28,924)
Capital and reserves
Called up share capital 1 1
Retained earnings (16,851) (28,925)
Shareholder's funds (16,850) (28,924)
For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 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 responsibility 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 provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 October 2023
.............................
Shilpa Kaluti (Director)
Company registration number: 11140568
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-01-31 31 January 2023
2023 2022
£ £
Fixed Assets 4,587,913 4,617,793
Current Assets 2,932,376 2,571,529
Creditors: amounts falling due within one year (7,131,664) (6,812,771)
Net current assets (liabilities) (4,199,288) (4,241,242)
Total assets less current liabilities 388,625 376,551
CREDITORS: Amounts falling due more than one year (405,475) (405,475)
Net Assets (liabilities) (16,850) (28,924)
Capital and Reserves (16,850) (28,924)
For the year ending 1/31/2023 the company was entitled to exemption 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. For the year ending 31-01-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 26 October 2023 2023-10-26 and signed on behalf of the board,
.............................
Shilpa Kaluti
Director
Company registration number: 11140568
ARNIK INVESTMENT LTD
Notes to the Financial Statements
For the year ended 31 January 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Fraser House, 56 Kingston Road, Staines-Upon-Thames, England, TW18 4NL.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(4) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(5) Related party transactions
Other debtors include loans due from Arnik Swan Court Ltd £274,224 (2022­ £Nil) as on 31 January 2023.

NDA Investment Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £16,600 (2022: £11,100) as on 31 January 2023.

PNS Investments and Holdings Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £837,000 (2022: £824,500) as on 31 January 2023.

PNS High Wycombe Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £1,414,008 (2022: £1,350,000) as on 31 January 2023.

Arnik Ltd is a related party by virtue of having the same directors and shareholders. The balance owed to this related party was £213,600 (2022: ­ £236,600) as on 31 January 2023.

Scrumconnect Ltd is a related party by virtue of having the same directors and shareholders. The balance owed to this related party was £6,813,000 (2022 ­ £6,488,000) as on 31 January 2023.

(6) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 February 2022350,0014,355,2924,705,293
Additions-35,74535,745
As at 31 January 2023350,0014,391,0374,741,038
Depreciation/Amortisation
As at 01 February 202287,500-87,500
For the year65,625-65,625
As at 31 January 2023153,125-153,125
Net book value
As at 31 January 2023196,8764,391,0374,587,913
As at 31 January 2022262,5014,355,2924,617,793

(7) Investment Properties
FRS 102 1a requires deferred tax to be accounted for assets that are subject to revaluation. Consequently, no deferred tax was recognized on 31 January 2023 as there is no revaluation found during the year-end.

(8) Creditors > 1 year (Mortgage Loans)
Mortgage loan secured by the property.