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REGISTERED NUMBER: 00643996 (England and Wales)















BRISTOL ARCADES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BRISTOL ARCADES LIMITED (REGISTERED NUMBER: 00643996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Accountants' Report 7

BRISTOL ARCADES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J R Martin
Mrs H L E Barker
Mrs L J E Newton





SECRETARY: Mrs A R Hudson





REGISTERED OFFICE: The Office
Bristol Arcades
Sleaford
Lincolnshire
NG34 7ST





BUSINESS ADDRESS: 216 Grantham Road
Sleaford
Lincolnshire
NG34 7NU





REGISTERED NUMBER: 00643996 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

BRISTOL ARCADES LIMITED (REGISTERED NUMBER: 00643996)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,930 8,154
Investment property 5 750,000 750,000
756,930 758,154

CURRENT ASSETS
Debtors 6 120,092 134,967

CREDITORS
Amounts falling due within one year 7 122,697 124,962
NET CURRENT (LIABILITIES)/ASSETS (2,605 ) 10,005
TOTAL ASSETS LESS CURRENT LIABILITIES 754,325 768,159

CREDITORS
Amounts falling due after more than one year 8 (48,900 ) (67,431 )

PROVISIONS FOR LIABILITIES (129,703 ) (98,574 )
NET ASSETS 575,722 602,154

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 574,722 601,154
SHAREHOLDERS' FUNDS 575,722 602,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





J R Martin - Director


BRISTOL ARCADES LIMITED (REGISTERED NUMBER: 00643996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bristol Arcades 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised in the period in which property is let.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 15% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Investment property
In accordance with FRS 102 Section 16 the investment property is initially recognised at cost plus any directly attributable costs. Subsequently the property is revalued to fair value and any gains or losses or recognised in the Income Statement. Any gains are deemed to be undistributable until the gains on the property is realised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BRISTOL ARCADES LIMITED (REGISTERED NUMBER: 00643996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Furniture
and
equipment
£   
COST
At 1 April 2023
and 31 March 2024 37,427
DEPRECIATION
At 1 April 2023 29,273
Charge for year 1,224
At 31 March 2024 30,497
NET BOOK VALUE
At 31 March 2024 6,930
At 31 March 2023 8,154

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 750,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2004 686,261
Valuation in 2013 10,000
Cost 53,739
750,000

Investment property was valued on an open market basis on 21 October 2013 by Tony Gravel BSc (Hons) MRICS. The directors believe that this valuation is still fair and reasonable.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 6,486 19,557
Other debtors 103,036 104,840
109,522 124,397

Amounts falling due after more than one year:
Other debtors 10,570 10,570

Aggregate amounts 120,092 134,967

BRISTOL ARCADES LIMITED (REGISTERED NUMBER: 00643996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,572 25,499
Trade creditors 4,824 5,639
Taxation and social security 26,272 27,796
Other creditors 61,029 66,028
122,697 124,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 48,900 67,431

Amounts falling due in more than five years:

Repayable by instalments
Bank loan falling due after five years - 13,687

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 13,840 11,152
Bank loans 65,632 81,778
79,472 92,930

The bank loan and overdraft are secured on the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES

Within reserves there are non-distributable reserves of £566,558 (2023 : £597,687) in relation to investment property revaluations.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J R Martin
Balance outstanding at start of year 99,596 98,386
Amounts advanced 47,482 53,296
Amounts repaid (46,872 ) (52,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,206 99,596

BRISTOL ARCADES LIMITED (REGISTERED NUMBER: 00643996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loans made to the directors are unsecured, interest free and repayable on demand.

As at 31 March 2024 the company owed the directors £36,864 (2023 : £36,134). This loan is unsecured, interest free and repayable on demand.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRISTOL ARCADES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bristol Arcades Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bristol Arcades Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bristol Arcades Limited and state those matters that we have agreed to state to the Board of Directors of Bristol Arcades Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bristol Arcades Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bristol Arcades Limited. You consider that Bristol Arcades Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bristol Arcades Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................