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REGISTERED NUMBER: 09409340 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Arks Investments Ltd

Arks Investments Ltd (Registered number: 09409340)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Arks Investments Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs Sanjana Kunjal Haria
Mr Kunjal Chandrakant Haria





REGISTERED OFFICE: 5 Wilmer Way
Southgate
London
N14 7JD





REGISTERED NUMBER: 09409340 (England and Wales)

Arks Investments Ltd (Registered number: 09409340)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,175,865 2,128,249

CURRENT ASSETS
Debtors 5 20,991 15,036
Cash at bank 8,082 10,556
29,073 25,592
CREDITORS
Amounts falling due within one year 6 1,789,953 1,199,281
NET CURRENT LIABILITIES (1,760,880 ) (1,173,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,985

954,560

CREDITORS
Amounts falling due after more than one year 7 474,500 1,009,500
NET LIABILITIES (59,515 ) (54,940 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (59,517 ) (54,942 )
SHAREHOLDERS' FUNDS (59,515 ) (54,940 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Arks Investments Ltd (Registered number: 09409340)

Statement of Financial Position - continued
31 January 2024


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 16 February 2024 and were signed on its behalf by:





Mr Kunjal Chandrakant Haria - Director


Arks Investments Ltd (Registered number: 09409340)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Arks Investments Ltd 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 2,128,249
Additions 47,616
At 31 January 2024 2,175,865
NET BOOK VALUE
At 31 January 2024 2,175,865
At 31 January 2023 2,128,249

Arks Investments Ltd (Registered number: 09409340)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 18,337 12,747
Other debtors 2,654 2,289
20,991 15,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 1,789,953 1,199,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 474,500 1,009,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 January 2024, Arks Investments Ltd owed £436,576 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown as part of Other creditors under Creditors due within one year. Please be advised that both the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year ended 31 January 2024, Arks Investment Ltd borrowed short-term loan of £1,350,000 from related companies on an interest free basis. Please be advised the loans are repayable on demand and are shown as part of Other creditors under Creditors falling due within one year.