Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01falseOther letting and operating of own or leased real estate22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14130932 2023-06-01 2024-05-31 14130932 2022-05-25 2023-05-31 14130932 2024-05-31 14130932 2023-05-31 14130932 c:Director1 2023-06-01 2024-05-31 14130932 d:FreeholdInvestmentProperty 2024-05-31 14130932 d:FreeholdInvestmentProperty 2023-05-31 14130932 d:CurrentFinancialInstruments 2024-05-31 14130932 d:CurrentFinancialInstruments 2023-05-31 14130932 d:Non-currentFinancialInstruments 2024-05-31 14130932 d:Non-currentFinancialInstruments 2023-05-31 14130932 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14130932 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14130932 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14130932 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 14130932 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 14130932 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 14130932 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 14130932 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 14130932 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 14130932 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 14130932 d:ShareCapital 2024-05-31 14130932 d:ShareCapital 2023-05-31 14130932 d:SharePremium 2024-05-31 14130932 d:SharePremium 2023-05-31 14130932 d:RetainedEarningsAccumulatedLosses 2024-05-31 14130932 d:RetainedEarningsAccumulatedLosses 2023-05-31 14130932 c:OrdinaryShareClass1 2023-06-01 2024-05-31 14130932 c:OrdinaryShareClass1 2024-05-31 14130932 c:OrdinaryShareClass1 2023-05-31 14130932 c:FRS102 2023-06-01 2024-05-31 14130932 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14130932 c:FullAccounts 2023-06-01 2024-05-31 14130932 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14130932 2 2023-06-01 2024-05-31 14130932 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14130932









AR HOLDINGS PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
AR HOLDINGS PROPERTIES LIMITED
REGISTERED NUMBER: 14130932

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,775,000
2,775,000

Current assets
  

Debtors: amounts falling due within one year
 5 
301
1,935

Cash at bank and in hand
  
9,317
8,638

  
9,618
10,573

Creditors: amounts falling due within one year
 6 
(924,066)
(972,466)

Net current liabilities
  
 
 
(914,448)
 
 
(961,893)

Total assets less current liabilities
  
1,860,552
1,813,107

Creditors: amounts falling due after more than one year
 7 
(657,352)
(682,259)

  

Net assets
  
1,203,200
1,130,848


Capital and reserves
  

Called up share capital 
 9 
401
401

Share premium account
  
1,082,073
1,082,073

Profit and loss account
  
120,726
48,374

  
1,203,200
1,130,848


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

Page 1

 
AR HOLDINGS PROPERTIES LIMITED
REGISTERED NUMBER: 14130932
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 August 2024.




A N Dabinett
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AR HOLDINGS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

AR Holdings Properties Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company during the year was that of property investment.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:
Rental Income
Rental income from opertaing leases is recognised on a straight line basis over the term of the lease.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the period in which they are incurred.

Page 3

 
AR HOLDINGS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
AR HOLDINGS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
2,775,000



At 31 May 2024
2,775,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Trade debtors
-
1,634

Called up share capital not paid
301
301

301
1,935



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
17,662
17,307

Corporation tax
21,687
16,443

Other creditors
881,537
935,536

Accruals
3,180
3,180

924,066
972,466


Included in other creditors is director’s loan of £881,537 (2023 - £935,536). This amount is interest-free and repayable when funds become available.

Page 5

 
AR HOLDINGS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
657,352
682,259


The following liabilities were secured:

2024
2023
£
£



Bank loans
657,352
682,259

Details of security provided:

The bank loans are secured on the investment properties.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,662
17,307

Amounts falling due 1-2 years

Bank loans
18,541
18,166

Amounts falling due 2-5 years

Bank loans
61,412
60,162

Amounts falling due after more than 5 years

Bank loans
577,399
603,931

675,014
699,566



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



401 (2023 - 401) Ordinary shares of £1.00 each
401
401


Page 6

 
AR HOLDINGS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Related party transactions

Included within other creditors due within one year is an amount of £881,537 (2023 - £935,536) due to the directors of the company.

 
Page 7