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REGISTERED NUMBER: 02728007 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Arc & Throstle Property Limited

Arc & Throstle Property Limited (Registered number: 02728007)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arc & Throstle Property Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Ward
Ms P F Ward





REGISTERED OFFICE: The Nanholme Centre
Shaw Wood Road
Todmorden
Lancashire
OL14 6DA





REGISTERED NUMBER: 02728007 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Arc & Throstle Property Limited (Registered number: 02728007)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 228,000 228,000

CURRENT ASSETS
Debtors 5 2,284 2,123
Cash at bank 31,284 25,328
33,568 27,451
CREDITORS
Amounts falling due within one year 6 210,358 206,573
NET CURRENT LIABILITIES (176,790 ) (179,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,210

48,878

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 51,200 48,868
SHAREHOLDERS' FUNDS 51,210 48,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





A Ward - Director


Arc & Throstle Property Limited (Registered number: 02728007)

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


1. STATUTORY INFORMATION

Arc & Throstle Property 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.

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 as modified by the revaluation of certain assets.

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.

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 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 228,000
NET BOOK VALUE
At 31 March 2023 228,000
At 31 March 2022 228,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 38,000
Valuation in 2016 190,000
228,000

Arc & Throstle Property Limited (Registered number: 02728007)

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


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 242,132 242,132
Aggregate depreciation (62,959 ) (58,116 )

Investment properties are valued on an open market basis on 31 March 2023 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,284 2,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 677 499
Taxation and social security 1,378 429
Other creditors 208,303 205,645
210,358 206,573

7. RELATED PARTY DISCLOSURES

At 31st March 2023 the amount owed to the directors by the company was £207,767 (31st March 2022
£205.012). The loan is interest free and repayable on demand.