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REGISTERED NUMBER: 09326066 (England and Wales)















AR DEVELOPERS LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2023






AR DEVELOPERS LIMITED (REGISTERED NUMBER: 09326066)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AR DEVELOPERS LIMITED

Company Information
for the year ended 30 September 2023







DIRECTORS: A G Riley
Mrs S C Riley





REGISTERED OFFICE: 152-154 London Road
Greenhithe
Dartford
Kent
DA9 9JW





REGISTERED NUMBER: 09326066 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

AR DEVELOPERS LIMITED (REGISTERED NUMBER: 09326066)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 895,000 1,087,000

CURRENT ASSETS
Cash at bank 86,921 64,889

CREDITORS
Amounts falling due within one year 6 937,748 939,023
NET CURRENT LIABILITIES (850,827 ) (874,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,173

212,866

PROVISIONS FOR LIABILITIES - 16,219
NET ASSETS 44,173 196,647

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 - 107,670
Retained earnings 7 44,171 88,975
SHAREHOLDERS' FUNDS 44,173 196,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 16 April 2024 and were signed on its behalf by:





A G Riley - Director


AR DEVELOPERS LIMITED (REGISTERED NUMBER: 09326066)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

AR Developers Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of rents receivable from investment properties for the accounting period, excluding Value Added Tax.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

AR DEVELOPERS LIMITED (REGISTERED NUMBER: 09326066)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,087,000
Revaluations (192,000 )
At 30 September 2023 895,000
NET BOOK VALUE
At 30 September 2023 895,000
At 30 September 2022 1,087,000

The investment properties were revalued at year end by the director, A Riley, on an open market basis.

If the properties had not been revalued they would have been included in these accounts at a cost of £963,111.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Taxation and social security 5,467 7,990
Other creditors 932,281 931,032
937,748 939,023

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 88,975 107,670 196,645
Deficit for the year (152,474 ) (152,474 )
Transfer 107,670 (107,670 ) -
At 30 September 2023 44,171 - 44,171

8. RELATED PARTY DISCLOSURES

The company is under the control of Mr and Mrs A Riley who own 100% of the issued shares.

As at the year end the company owed its director Mr A Riley a balance of £928,993 (2022: 928,993). The loan is interest free and repayable on demand