Company registration number 12020948 (England and Wales)
ARTERBERRY CAPITAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
ARTERBERRY CAPITAL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ARTERBERRY CAPITAL LTD (REGISTERED NUMBER: 12020948)
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,746
12,992
Investment property
4
546,504
546,504
Investments
5
33
-
0
556,283
559,496
Current assets
Debtors
7
595,000
-
0
Cash at bank and in hand
8,348
121,672
603,348
121,672
Creditors: amounts falling due within one year
8
(760,342)
(416,232)
Net current liabilities
(156,994)
(294,560)
Total assets less current liabilities
399,289
264,936
Creditors: amounts falling due after more than one year
9
(399,363)
(261,025)
Provisions for liabilities
(2,972)
(3,729)
Net (liabilities)/assets
(3,046)
182
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
10
16,380
15,623
Distributable profit and loss reserves
(19,526)
(15,541)
Total equity
(3,046)
182

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ARTERBERRY CAPITAL LTD (REGISTERED NUMBER: 12020948)
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 April 2024 and are signed on its behalf by:
Mr C  Walker
Director
ARTERBERRY CAPITAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information

Arterberry Capital Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income received during the period.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% Straight Line
Computers
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

ARTERBERRY CAPITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
ARTERBERRY CAPITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 November 2022
15,993
2,753
18,746
Additions
-
0
362
362
At 31 October 2023
15,993
3,115
19,108
Depreciation and impairment
At 1 November 2022
4,576
1,178
5,754
Depreciation charged in the year
3,199
409
3,608
At 31 October 2023
7,775
1,587
9,362
Carrying amount
At 31 October 2023
8,218
1,528
9,746
At 31 October 2022
11,417
1,575
12,992
4
Investment property
2023
£
Fair value
At 1 November 2022 and 31 October 2023
546,504

Investment property comprises property at fair value of £546,504. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors best estimate. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
33
-
0
ARTERBERRY CAPITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 November 2022
-
Additions
33
At 31 October 2023
33
Carrying amount
At 31 October 2023
33
At 31 October 2022
-
6
Associates

Details of the company's associates at 31 October 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
LACR Property Holdings Limited
UK
Ordinary C & D shares
33.00
7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
595,000
-
0
8
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
760,342
416,232
9
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
399,363
261,025
ARTERBERRY CAPITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
9
Creditors: amounts falling due after more than one year
(Continued)
- 7 -

The company gives the bank a fixed and floating charge over its assets and undertaking owned now and in the future.

Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
399,363
261,025
10
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
15,623
12,394
Non distributable profits in the year
757
3,229
At the end of the year
16,380
15,623
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