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REGISTERED NUMBER: 09574028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Argo Investments Limited

Argo Investments Limited (Registered number: 09574028)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Argo Investments Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Gounaris





REGISTERED OFFICE: 3 Alwyn Close
Elstree
Hertfordshire
WD6 3LF





REGISTERED NUMBER: 09574028 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Argo Investments Limited (Registered number: 09574028)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 193 241
Investment property 6 985,000 985,000
985,193 985,241

CURRENT ASSETS
Debtors 7 98 83
Cash at bank 34,945 190,606
35,043 190,689
CREDITORS
Amounts falling due within one year 8 697,565 885,864
NET CURRENT LIABILITIES (662,522 ) (695,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,671

290,066

PROVISIONS FOR LIABILITIES 9 19,914 19,914
NET ASSETS 302,757 270,152

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 98,506 98,506
Retained earnings 11 204,250 171,645
SHAREHOLDERS' FUNDS 302,757 270,152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Argo Investments Limited (Registered number: 09574028)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 30 July 2024 and were signed by:





A Gounaris - Director


Argo Investments Limited (Registered number: 09574028)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Argo Investments 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. 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 recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the total of rents receivable in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement

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.

Argo Investments Limited (Registered number: 09574028)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 404
DEPRECIATION
At 1 June 2023 163
Charge for year 48
At 31 May 2024 211
NET BOOK VALUE
At 31 May 2024 193
At 31 May 2023 241

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 985,000
NET BOOK VALUE
At 31 May 2024 985,000
At 31 May 2023 985,000

The investment properties are valued annually by the director on an open market existing use basis.

The historical cost of the investment properties amount to £866,580 (2023 - £866,580).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 98 83

Argo Investments Limited (Registered number: 09574028)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 7,788 7,195
Other creditors 689,777 878,669
697,565 885,864

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 19,914 19,914

Deferred
tax
£   
Balance at 1 June 2023 19,914
Balance at 31 May 2024 19,914

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary shares £1 1 1

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

At 1 June 2023 171,645 98,506 270,151
Profit for the year 33,605 - 33,605
Dividends (1,000 ) - (1,000 )
At 31 May 2024 204,250 98,506 302,756