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Registration number: 03514516

Arcachon Limited

Unaudited Filleted Financial Statements

for the Period from 5 April 2022 to 31 March 2023

 

Arcachon Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Comprehensive Income

3

Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

Arcachon Limited

Company Information

Directors

Mr John Howard Strutt

Mrs Lynn Frances Strutt

Company secretary

Mr John Howard Strutt

Registered office

1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

Accountants

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Arcachon Limited
for the Period Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Arcachon Limited for the period ended 31 March 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Arcachon Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the Company and state those matters that we have agreed to state to the Board of Directors of the Company, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet
-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arcachon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Arcachon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of the Company. You consider that Arcachon Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

28 November 2023

 

Arcachon Limited

Statement of Comprehensive Income for the Period from 5 April 2022 to 31 March 2023

2023
£

2022
£

Profit for the period

195,232

85,901

Surplus on property, plant and equipment revaluation

-

40,500

Total comprehensive income for the period

195,232

126,401

 

Arcachon Limited

(Registration number: 03514516)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

fixed assets

 

Investment property

4

1,140,000

1,140,000

Current assets

 

Debtors

5

12,879

48,946

Cash at bank and in hand

 

90,902

123,746

 

103,781

172,692

Creditors: Amounts falling due within one year

6

(115,239)

(63,382)

Net current (liabilities)/assets

 

(11,458)

109,310

Total assets less current liabilities

 

1,128,542

1,249,310

Creditors: Amounts falling due after more than one year
Loan by directors

6

-

(250,000)

Provisions for liabilities
Deferred tax

(149,048)

(149,048)

Net assets

 

979,494

850,262

capital and reserves

 

Called up share capital

7

100

100

Fair value reserve

777,640

777,640

Retained earnings

201,754

72,522

Total equity

 

979,494

850,262

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

 

Arcachon Limited

(Registration number: 03514516)
Balance Sheet as at 31 March 2023

.........................................
Mr John Howard Strutt
Company secretary and director

 

Arcachon Limited

Statement of Changes in Equity for the Period from 5 April 2022 to 31 March 2023

Share capital
£

Fair value reserve
£

Profit and loss account
£

Total
£

At 5 April 2022

100

777,640

72,522

850,262

Profit for the period

-

-

195,232

195,232

Total comprehensive income

-

-

195,232

195,232

Dividends

-

-

(66,000)

(66,000)

At 31 March 2023

100

777,640

201,754

979,494

Share capital
£

Fair Value reserve
£

Profit and loss account
£

Total
£

At 5 April 2021

100

737,140

46,621

783,861

Profit for the period

-

-

85,901

85,901

Other comprehensive income

-

40,500

-

40,500

Total comprehensive income

-

40,500

85,901

126,401

Dividends

-

-

(60,000)

(60,000)

At 4 April 2022

100

777,640

72,522

850,262

 

Arcachon Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Arcachon Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing Differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year and that are expected to apply to the reversal of the timing difference.

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.
 

Investment property

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Arcachon Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

4

Investment properties

2023
£

At 5 April

1,140,000

At 31 March

1,140,000

Investment properties were valued on an open market basis on the 04th April 2022 by the company directors.

5

Debtors

Current

2023
£

2022
£

Prepayments

934

-

Other debtors

11,945

48,946

 

Arcachon Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2022 to 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

7,560

6,076

Other creditors

107,679

57,306

115,239

63,382

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loan by directors.

9

-

250,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

8

Dividends

   

2023

 

2022

   

£

 

£

Final dividend of £660.00 (2022 - £600.00) per ordinary share

 

66,000

 

60,000

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Loan by directors.

-

250,000