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Company registration number: 13225278







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


ARROW BUSINESS COMMUNICATIONS PS LIMITED






































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ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
COMPANY INFORMATION


Directors
R E Burke 
J D Harber (appointed 23 January 2024)
H E Long (appointed 11 April 2024)




Registered number
13225278



Registered office
The Wharf Abbey Mill Business Park
Lower Eashing

Godalming

GU7 2QN




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
REGISTERED NUMBER:13225278



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
-
6,940,428

  
-
6,940,428

Current assets
  

Debtors due within 1 year
 5 
3,894,337
-

  
3,894,337
-

Creditors: amounts falling due within one year
 6 
-
(4,934,398)

Net current assets/(liabilities)
  
 
 
3,894,337
 
 
(4,934,398)

Total assets less current liabilities
  
3,894,337
2,006,030

  

Net assets
  
3,894,337
2,006,030


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
3,894,331
2,006,024

  
3,894,337
2,006,030


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 income and retained earnings 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 by: 




H E Long
Director

Date: 7 August 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Arrow Business Communications PS Limited is a private company limited by shares, incorporated in the England and Wales under Companies Act 2006. The registered office and principal trading address is given on the Company Information page. The functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2022 - £NIL).

Page 2

 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£





At 1 January 2023
6,940,428


Disposals
(6,940,428)



At 31 December 2023
-





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
3,894,337
-

3,894,337
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
4,484,398

Other creditors
-
450,000

-
4,934,398



7.Financial commitments

Loans included within entities of the group that the Company is a part are secured by fixed and floating charges over the assets of the Company and the group.  At the year end the loans amounted to £196,799,237 (2022: £186,225,036).


8.


Controlling party

The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include this company, is Arrow Communications Holdings Limited. The company’s registered address is The Wharf, Abbey Mills Business Park, Lower Eashing, Godalming, Surrey, GU7 2QN.

Page 3

 


ARROW BUSINESS COMMUNICATIONS PS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 7 August 2024 by Robin Hopkins FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 4