Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312true22022-04-01falsebuilders and property developerstrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4698725 2022-04-01 2023-07-31 4698725 2021-04-01 2022-03-31 4698725 2023-07-31 4698725 2022-03-31 4698725 2021-04-01 4698725 c:Director1 2022-04-01 2023-07-31 4698725 d:PlantMachinery 2022-04-01 2023-07-31 4698725 d:PlantMachinery 2023-07-31 4698725 d:PlantMachinery 2022-03-31 4698725 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-07-31 4698725 d:MotorVehicles 2022-04-01 2023-07-31 4698725 d:MotorVehicles 2023-07-31 4698725 d:MotorVehicles 2022-03-31 4698725 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-07-31 4698725 d:OfficeEquipment 2022-04-01 2023-07-31 4698725 d:OfficeEquipment 2023-07-31 4698725 d:OfficeEquipment 2022-03-31 4698725 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-07-31 4698725 d:OwnedOrFreeholdAssets 2022-04-01 2023-07-31 4698725 d:CurrentFinancialInstruments 2023-07-31 4698725 d:CurrentFinancialInstruments 2022-03-31 4698725 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 4698725 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 4698725 d:ShareCapital 2023-07-31 4698725 d:ShareCapital 2022-03-31 4698725 d:RetainedEarningsAccumulatedLosses 2023-07-31 4698725 d:RetainedEarningsAccumulatedLosses 2022-03-31 4698725 c:FRS102 2022-04-01 2023-07-31 4698725 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-07-31 4698725 c:FullAccounts 2022-04-01 2023-07-31 4698725 c:PrivateLimitedCompanyLtd 2022-04-01 2023-07-31 4698725 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 4698725 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 4698725 2 2022-04-01 2023-07-31 4698725 e:PoundSterling 2022-04-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 4698725









ARROWDEAN LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
ARROWDEAN LIMITED
REGISTERED NUMBER: 4698725

BALANCE SHEET
AS AT 31 JULY 2023

31 July
31 March
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,087
11,330

Current assets
  

Stocks
 5 
500
428,933

Debtors: amounts falling due within one year
 6 
2,835
5,186

Cash at bank and in hand
 7 
614,901
8,810

  
618,236
442,929

Creditors: amounts falling due within one year
 8 
(290,640)
(244,374)

Net current assets
  
 
 
327,596
 
 
198,555

Total assets less current liabilities
  
336,683
209,885

Provisions for liabilities
  

Deferred tax
 9 
(2,272)
(2,153)

Net assets
  
334,411
207,732


Capital and reserves
  

Called up share capital 
  
250
250

Profit and loss account
  
334,161
207,482

  
334,411
207,732


Page 1

 
ARROWDEAN LIMITED
REGISTERED NUMBER: 4698725
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 April 2024.




Mr G J Rudd
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ARROWDEAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Arrowdean Limited, is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, RM3 8EN. The principal activity of the company continued to be that of builders and property developers. The company’s accounting period has been extended from 31 March 2023 to 31 July 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ARROWDEAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Furniture, fittings and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ARROWDEAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 -2).

Page 5

 
ARROWDEAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
11,150
20,495
5,768
37,413


Additions
-
-
2,302
2,302



At 31 July 2023

11,150
20,495
8,070
39,715



Depreciation


At 1 April 2022
10,017
11,849
4,217
26,083


Charge for the period on owned assets
378
2,883
1,284
4,545



At 31 July 2023

10,395
14,732
5,501
30,628



Net book value



At 31 July 2023
755
5,763
2,569
9,087



At 31 March 2022
1,133
8,646
1,551
11,330


5.


Stocks

Period ended 31 July
Year ended  31 March
2023
2022
£
£

Work in progress
500
428,933


Page 6

 
ARROWDEAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

6.


Debtors

Period ended 31 July
Year ended  31 March
2023
2022
£
£


Other debtors
2,458
5,186

Prepayments and accrued income
377
-

2,835
5,186



7.


Cash and cash equivalents

Period ended 31 July
Year ended  31 March
2023
2022
£
£

Cash at bank and in hand
614,901
8,810



8.


Creditors: Amounts falling due within one year

Period ended 31 July
Year ended  31 March
2023
2022
£
£

Trade creditors
-
2,332

Corporation tax
50,305
-

Other taxation and social security
1,266
75

Other creditors
234,109
238,372

Accruals and deferred income
4,960
3,595

290,640
244,374


Page 7

 
ARROWDEAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

9.


Deferred taxation






2023
2022


£

£






At beginning of period/year
(2,153)
(2,761)


(Charged)/released to profit or loss
(119)
608



At end of period/year
(2,272)
(2,153)

The provision for deferred taxation is made up as follows:

Period ended 31 July
Year ended  31 March
2023
2022
£
£


Accelerated capital allowances
(2,272)
(2,153)

 
Page 8