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REGISTERED NUMBER: 13208464 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Aresco Developments Ltd

Aresco Developments Ltd (Registered number: 13208464)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aresco Developments Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: N C Bowers
C W Bowers





SECRETARY: C J Winwood





REGISTERED OFFICE: 22 Britannia Road
Worcester
United Kingdom
Worcestershire
WR1 3BQ





REGISTERED NUMBER: 13208464 (England and Wales)






Aresco Developments Ltd (Registered number: 13208464)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,797

CURRENT ASSETS
Stocks - 874,888
Debtors 5 - 6,307
Cash at bank 117,706 19,364
117,706 900,559
CREDITORS
Amounts falling due within one year 6 9,260 807,514
NET CURRENT ASSETS 108,446 93,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,446

95,842

PROVISIONS FOR LIABILITIES - 531
NET ASSETS 108,446 95,311

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 108,346 95,211
SHAREHOLDERS' FUNDS 108,446 95,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Aresco Developments Ltd (Registered number: 13208464)

Balance Sheet - continued
29 February 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 2 April 2024 and were signed on its behalf by:





N C Bowers - Director


Aresco Developments Ltd (Registered number: 13208464)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Aresco Developments 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.

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.
Fixtures and fittings - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Aresco Developments Ltd (Registered number: 13208464)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 5,595
Disposals (5,595 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 2,798
Charge for year 1,797
Eliminated on disposal (4,595 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 2,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
VAT - 4,340
Prepayments - 1,967
- 6,307

Aresco Developments Ltd (Registered number: 13208464)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 55,288
Tax 3,960 21,408
Related company loan - 160,000
Directors' current accounts - 566,068
Accrued expenses 5,300 4,750
9,260 807,514

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 March 2023 95,211
Profit for the year 13,135
At 29 February 2024 108,346

9. RELATED PARTY DISCLOSURES

During the year, property development expenditure was recharged to the director, NC Bowers, at cost of £472,533, as related to a property personally held.