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REGISTERED NUMBER: 01856838 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Arkay Investment Company Limited

Arkay Investment Company Limited (Registered number: 01856838)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arkay Investment Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R B Barzilay
M E Lyons





REGISTERED OFFICE: 6 Poole Hill
Bournemouth
BH2 5PS





REGISTERED NUMBER: 01856838 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Arkay Investment Company Limited (Registered number: 01856838)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,463 1,950
Investment property 5 3,609,090 3,739,090
3,610,553 3,741,040

CURRENT ASSETS
Debtors 6 167,896 164,672
Cash at bank - 20,152
167,896 184,824
CREDITORS
Amounts falling due within one year 7 3,629 24,717
NET CURRENT ASSETS 164,267 160,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,774,820

3,901,147

CREDITORS
Amounts falling due after more than one
year

8

(1,015,196

)

(1,024,439

)

PROVISIONS FOR LIABILITIES (176,700 ) (182,100 )
NET ASSETS 2,582,924 2,694,608

CAPITAL AND RESERVES
Called up share capital 500 500
Non distributable reserve 10 1,452,392 1,613,392
Retained earnings 1,130,032 1,080,716
2,582,924 2,694,608

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.

Arkay Investment Company Limited (Registered number: 01856838)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





R B Barzilay - Director


Arkay Investment Company Limited (Registered number: 01856838)

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

1. STATUTORY INFORMATION

Arkay Investment Company 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. 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Arkay Investment Company Limited (Registered number: 01856838)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 25,229
DEPRECIATION
At 1 April 2023 23,279
Charge for year 487
At 31 March 2024 23,766
NET BOOK VALUE
At 31 March 2024 1,463
At 31 March 2023 1,950

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,739,090
Revaluations (130,000 )
At 31 March 2024 3,609,090
NET BOOK VALUE
At 31 March 2024 3,609,090
At 31 March 2023 3,739,090

Arkay Investment Company Limited (Registered number: 01856838)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:

£
Valuation in 1994 3,162
Valuation in 2001 112,836
Valuation in 2004 188,061
Valuation in 2005 312,500
Valuation in 2008 (11,000 )
Valuation in 2009 (255,253 )
Valuation in 2012 (30,295 )
Valuation in 2013 (15,540 )
Valuation in 2014 111,781
Valuation in 2015 110,000
Valuation in 2018 310,000
Valuation in 2019 (58,000 )
Valuation in 2020 (12,000 )
Valuation in 2021 995,668
Valuation in 2023 33,572
Valuation in 2024 (130,000 )
Cost 1,943,598
3,609,090

There has been no valuation of investment property by an independent valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 167,896 164,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 21,418
Other creditors 3,629 3,299
3,629 24,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 200,081
Other creditors 1,015,196 824,358
1,015,196 1,024,439

Arkay Investment Company Limited (Registered number: 01856838)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 191,447

The bank loans were secured on investment properties held by the company. All bank loans were paid off in the year to 31 March 2024.

10. RESERVES
Non
distributable
reserve
£   
At 1 April 2023 1,613,392
Fair value transfer (161,000 )

At 31 March 2024 1,452,392