Registered number
09495768
ARCH PROPERTIES(HOUNSLOW) LIMITED
Filleted Accounts
For The Year Ended 31 March 2023
ARCH PROPERTIES(HOUNSLOW) LIMITED
Registered number: 09495768
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 240 205
Investments 4 2,825,050 2,825,050
2,825,290 2,825,255
Current assets
Debtors 5 1,453,002 388,966
Cash at bank and in hand 103,923 35,770
1,556,925 424,736
Creditors: amounts falling due within one year 6 (847,622) (174,119)
Net current assets 709,303 250,617
Total assets less current liabilities 3,534,593 3,075,872
Creditors: amounts falling due after more than one year 7 (1,926,179) (1,567,534)
Provisions for liabilities (254,412) (254,412)
Net assets 1,354,002 1,253,926
Capital and reserves
Called up share capital 10,000 10,000
Revaluation reserve 8 1,084,600 1,084,600
Profit and loss account 259,402 159,326
Shareholders' funds 1,354,002 1,253,926
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Jagjit Singh Nanda
Director
Approved by the board on 9 February 2024
ARCH PROPERTIES(HOUNSLOW) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rent receivable from the properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture and fixture 20% SLM
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Furniture and fixture
£
Cost
At 1 April 2022 1,230
Additions 300
At 31 March 2023 1,530
Depreciation
At 1 April 2022 1,025
Charge for the year 265
At 31 March 2023 1,290
Net book value
At 31 March 2023 240
At 31 March 2022 205
4 Investments
Investments in Other
properties investments Total
£ £ £
Fair value
At 1 April 2022 2,825,000 50 2,825,050
At 31 March 2023 2,825,000 50 2,825,050
As per FRS 102, investment property has been valued to fair value of £2,825,000 subject to market rent. The gain or loss is provided to revaluation reserve.
5 Debtors 2023 2022
£ £
Trade debtors 565 8,378
Other debtors 1,452,437 380,588
1,453,002 388,966
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 714,267 73,933
Trade creditors 6,360 6,625
Taxation and social security costs 45,624 29,590
Other creditors 81,371 63,971
847,622 174,119
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,019,115 667,176
Other creditors 907,064 900,358
1,926,179 1,567,534
Bank loan is secured by a legal charge over the investment property owned by the company.
8 Revaluation reserve 2023 2022
£ £
At 1 April 2022 1,084,600 343,450
Gain on revaluation of investment properties - 915,000
Deferred taxation arising on the revaluation of investment properties - (173,850)
At 31 March 2023 1,084,600 1,084,600
9 Other information
ARCH PROPERTIES(HOUNSLOW) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
40 Shelley Crescent,
Hounslow,
England
TW5 9BJ
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