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Registration number: 07701268

Arricchire Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Arricchire Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Arricchire Limited

(Registration number: 07701268)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,380,200

1,380,200

Current assets

 

Debtors

5

88,350

88,100

Cash at bank and in hand

 

106

3,006

 

88,456

91,106

Creditors: Amounts falling due within one year

6

(817,350)

(793,000)

Net current liabilities

 

(728,894)

(701,894)

Net assets

 

651,306

678,306

Capital and reserves

 

Called up share capital

300

300

Share premium reserve

19,957

19,957

Capital redemption reserve

43

43

Profit and loss account

631,006

658,006

Shareholders' funds

 

651,306

678,306

For the financial year ending 31 July 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 year 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 20 April 2024 and signed on its behalf by:
 


R H F Finlayson
Director

 

Arricchire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
7 Castle Street
Bridgwater
Somerset
TA6 3DT

Principal activity

The principal activity of the company is holding 100% of the ordinary share capital of CSM Consulting Limited, company number 04656661.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

 

Arricchire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,380,200

1,380,200

 

Arricchire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Investments (continued)

Subsidiaries

£

Cost or valuation

At 1 August 2022

1,380,200

Provision

Carrying amount

At 31 July 2023

1,380,200

At 31 July 2022

1,380,200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

CSM Consulting Ltd

7 Castle Street, Bridgwater,

England

Ordinary

100%

100%

Ucanspace Ltd

7 Castle Street, Bridgwater,

England

Ordinary

100%

100%

Ucanlearn Ltd

7 Castle Street, Bridgwater,

England

Ordinary

100%

100%

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

8

88,350

88,100

 

88,350

88,100

 

Arricchire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

817,350

793,000

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

88,100

88,100

Repaid

250

250

At end of period

88,350

88,350

2022

Subsidiary
£

Total
£

At start of period

101,000

101,000

Repaid

(12,900)

(12,900)

At end of period

88,100

88,100

Loans from related parties

2023

Subsidiary
£

Total
£

At start of period

793,000

793,000

Repaid

24,350

24,350

At end of period

817,350

817,350

2022

Subsidiary
£

Total
£

At start of period

793,000

793,000

At end of period

793,000

793,000