ARDA-ROC Europe Limited 11179693 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is to handle the donations that American Resort Development Association -Resort Owners’ Coalition wish to make in Europe. Digita Accounts Production Advanced 6.30.9574.0 true true 11179693 2023-02-01 2024-01-31 11179693 2024-01-31 11179693 core:CurrentFinancialInstruments 2024-01-31 11179693 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11179693 bus:SmallEntities 2023-02-01 2024-01-31 11179693 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11179693 bus:FullAccounts 2023-02-01 2024-01-31 11179693 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11179693 bus:RegisteredOffice 2023-02-01 2024-01-31 11179693 bus:Director2 2023-02-01 2024-01-31 11179693 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11179693 countries:EnglandWales 2023-02-01 2024-01-31 11179693 2022-02-01 2023-01-31 11179693 2023-01-31 11179693 core:CurrentFinancialInstruments 2023-01-31 11179693 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:USD xbrli:pure

Registration number: 11179693

ARDA-ROC Europe Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

ARDA-ROC Europe Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

ARDA-ROC Europe Limited

(Registration number: 11179693)
Statement of Financial Position as at 31 January 2024

Note

2024
$

2023
$

Current assets

 

Debtors

4

1

1

Cash at bank and in hand

 

1,516

2,462

 

1,517

2,463

Creditors: Amounts falling due within one year

5

(1,169)

(1,154)

Net assets

 

348

1,309

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

347

1,308

Shareholders' funds

 

348

1,309

For the financial year ending 31 January 2024 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 11 April 2024 and signed on its behalf by:
 


Mr P Gardner-Bougaard
Director

 

ARDA-ROC Europe Limited

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

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:
No 1 London Bridge
London
SE1 9BG

Principal activity

The principal activity of the company is to handle the donations that American Resort Development Association -Resort Owners’ Coalition wish to make in Europe.
 

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 US Dollars, which is the functional currency of the entity.

Going concern

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

 

ARDA-ROC Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 2 (2023 - 2).

 

ARDA-ROC Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Debtors

Note

2024
$

2023
$

Amounts owed by related parties

7

1

1

 

1

1

5

Creditors

Creditors: amounts falling due within one year

2024
$

2023
$

Due within one year

Accruals and deferred income

1,169

1,154

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

7

Related party transactions

During the year the company received donations totalling $nil, from its parent company (31 January 2023: $17,000)

The company made donations of $nil in the year to a connected company (31 January 2023: $15,000)