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REGISTERED NUMBER: 09385429 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st March 2023

for

ARFR & Associates Limited

ARFR & Associates Limited (Registered number: 09385429)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ARFR & Associates Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: A R Fraser-Rush
A Bebb





SECRETARY:





REGISTERED OFFICE: The School House
Dorstone
Hereford
HR3 6AN





REGISTERED NUMBER: 09385429 (England and Wales)





ACCOUNTANTS: AMM Bookkeeping & Accountancy
4 Longlands
West End Gardens
Fairford
Gloucestershire
GL7 4LG

ARFR & Associates Limited (Registered number: 09385429)

Statement of Financial Position
31st March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,124 3,693
Investment property 5 266,942 241,843
284,066 245,536

CURRENT ASSETS
Debtors 6 88,751 10,464
Cash at bank and in hand 205,578 189,823
294,329 200,287
CREDITORS
Amounts falling due within one year 7 (183,944 ) (106,280 )
NET CURRENT ASSETS 110,385 94,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,451

339,543

CREDITORS
Amounts falling due after more than one year 8 (96,000 ) (106,000 )

PROVISIONS FOR LIABILITIES (175 ) -
NET ASSETS 298,276 233,543

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 298,274 233,541
SHAREHOLDERS' FUNDS 298,276 233,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ARFR & Associates Limited (Registered number: 09385429)

Statement of Financial Position - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2023 and were signed on its behalf by:





A R Fraser-Rush - Director


ARFR & Associates Limited (Registered number: 09385429)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

ARFR & Associates Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant & Machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 end 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ARFR & Associates Limited (Registered number: 09385429)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Office
Machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 1,020 670 1,978 8,119 11,787
Additions - 239 15,833 3,850 19,922
Disposals - - - (3,676 ) (3,676 )
At 31st March 2023 1,020 909 17,811 8,293 28,033
DEPRECIATION
At 1st April 2022 808 653 1,168 5,465 8,094
Charge for year 189 73 4,162 2,028 6,452
Eliminated on disposal - - - (3,637 ) (3,637 )
At 31st March 2023 997 726 5,330 3,856 10,909
NET BOOK VALUE
At 31st March 2023 23 183 12,481 4,437 17,124
At 31st March 2022 212 17 810 2,654 3,693

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 241,843
Additions 25,099
At 31st March 2023 266,942
NET BOOK VALUE
At 31st March 2023 266,942
At 31st March 2022 241,843

ARFR & Associates Limited (Registered number: 09385429)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. INVESTMENT PROPERTY - continued

The company invested £25,099 in artwork in the current year (2022: £2,646) The fair value at the year end is considered to be the amount paid for these assets as the directors consider that market value has not fluctuated since the time of purchase.

The investment assets are valued at cost as at the present time this is considered to be the fair value of the assets in the opinion of the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 1,150
Amounts owed by associates 78,746 -
Other debtors 10,005 9,314
88,751 10,464

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 59,588 12,450
Taxation and social security 28,113 22,591
Other creditors 96,243 71,239
183,944 106,280

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 96,000 106,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by
instalments 96,000 106,000
96,000 106,000

ARFR & Associates Limited (Registered number: 09385429)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 96,000 106,000

The company has a mortgage on the investment property 55 Amphill Way, Faringdon, SN7 7GS over which there is a registered charge.