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REGISTERED NUMBER: 09047177 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

THE ARCHES (MIDLANDS) LTD

THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ARCHES (MIDLANDS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: AC Harris





REGISTERED OFFICE: 24 Fore Street
Ipswich
Suffolk
IP4 1JU





REGISTERED NUMBER: 09047177 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,306,876 5,565,151

CURRENT ASSETS
Debtors 5 22,311 53,213
Cash at bank 7,674 -
29,985 53,213
CREDITORS
Amounts falling due within one year 6 2,292,247 2,639,333
NET CURRENT LIABILITIES (2,262,262 ) (2,586,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,044,614

2,979,031

CREDITORS
Amounts falling due after more than one
year

7

(16,515

)

(26,491

)

PROVISIONS FOR LIABILITIES (1,435,475 ) (126 )
NET ASSETS 7,592,624 2,952,414

CAPITAL AND RESERVES
Called up share capital 12 12
Share premium 1,905,854 1,905,854
Revaluation reserve 8 4,305,018 -
Retained earnings 1,381,740 1,046,548
SHAREHOLDERS' FUNDS 7,592,624 2,952,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)

BALANCE SHEET - continued
31 OCTOBER 2023


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:





AC Harris - Director


THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

The Arches (Midlands) Ltd 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 5,564,976 2,002 5,566,978
Additions - 2,800 2,800
Revaluations 5,740,024 - 5,740,024
At 31 October 2023 11,305,000 4,802 11,309,802
DEPRECIATION
At 1 November 2022 - 1,827 1,827
Charge for year - 1,099 1,099
At 31 October 2023 - 2,926 2,926
NET BOOK VALUE
At 31 October 2023 11,305,000 1,876 11,306,876
At 31 October 2022 5,564,976 175 5,565,151

Cost or valuation at 31 October 2023 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2022 5,564,976 - 5,564,976
Valuation in 2023 5,740,024 - 5,740,024
Cost - 4,802 4,802
11,305,000 4,802 11,309,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,295 43,820
Other debtors 2,764 9,014
Prepayments 252 379
22,311 53,213

THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,122 15,223
Trade creditors 858 35,602
Amounts owed to group undertakings 1,948,624 2,349,501
Corporation tax 76,850 49,500
Social security and other taxes 2,806 3,232
Wages control - 4,662
Pension 380 365
VAT 24,921 9,706
Other creditors 219,750 159,339
Accrued expenses 7,936 12,203
2,292,247 2,639,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans > 1 year 16,515 26,491

8. RESERVES
Revaluation
reserve
£   
Revaluation reserve 4,305,018

At 31 October 2023 4,305,018

9. RELATED PARTY DISCLOSURES

Included in the Intercompany balance at the year end are the following loans due to related parties:

Christchurch Land Limited £134,446 (2022 £92,300). This is a company of which Mr A Harris is a director and shareholder.

Christchurch Property Company Limited £245 (2022 £245). This is a company of which Mr A Harris is a director and shareholder.

Harris Strategic Land (New Homes) Limited -£40 (2022: -£40). This is a company of which Mr A Harris is a director and shareholder.

Harris Strategic Land Limited £14,691 (2022: £11,100). This is a company of which Mr A Harris is a director and shareholder.

Harris Strategic Land (Docks) Limited £32 (2022: nil). This is a company of which Mr A Harris is a director and shareholder.

Harris Strategic Land (Tyneside) Limited £32 (2022: nil). This is a company of which Mr A Harris is a director and shareholder.

TH Investment Holdings Limited £1,948,624 (2022: £2,349,501). This is a company which is 100% owned by Mr A Harris and owns 100% of the issued share capital in this company.

THE ARCHES (MIDLANDS) LTD (REGISTERED NUMBER: 09047177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. PARENT ENTITY

100% of the issued share capital of the company is held by T H Investment Holdings Limited.
C/O 19 - 35 Warwick Street
Coventry
CV5 6ET