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COMPANY REGISTRATION NUMBER: 04026254
NOAHS ARK ASSOCIATES LIMITED
Filleted Unaudited Financial Statements
31 July 2023
NOAHS ARK ASSOCIATES LIMITED
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
1,496,453
1,498,883
Current assets
Debtors
5
500
112
Cash at bank and in hand
15,377
5,914
--------
-------
15,877
6,026
Creditors: amounts falling due within one year
6
1,800
11,669
--------
--------
Net current assets/(liabilities)
14,077
( 5,643)
------------
------------
Total assets less current liabilities
1,510,530
1,493,240
Creditors: amounts falling due after more than one year
7
1,396,148
1,385,940
------------
------------
Net assets
114,382
107,300
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
114,282
107,200
---------
---------
Shareholders funds
114,382
107,300
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NOAHS ARK ASSOCIATES LIMITED
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 9 January 2024 , and are signed on behalf of the board by:
Dr. B BHARDWAJ
Director
Company registration number: 04026254
NOAHS ARK ASSOCIATES LIMITED
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 BOSWORTH ROAD, CAMBRIDGE, CB1 8RG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% straight line
4. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 August 2022
1,477,102
30,500
1,507,602
Additions
2,551
2,551
------------
--------
------------
At 31 July 2023
1,479,653
30,500
1,510,153
------------
--------
------------
Depreciation
At 1 August 2022
8,719
8,719
Charge for the year
4,981
4,981
------------
--------
------------
At 31 July 2023
13,700
13,700
------------
--------
------------
Carrying amount
At 31 July 2023
1,479,653
16,800
1,496,453
------------
--------
------------
At 31 July 2022
1,477,102
21,781
1,498,883
------------
--------
------------
5. Debtors
2023
2022
£
£
Other debtors
500
112
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
1,800
11,669
-------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
638,047
638,047
Other creditors
758,101
747,893
------------
------------
1,396,148
1,385,940
------------
------------