Caseware UK (AP4) 2023.0.135 2023.0.135 true1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-09-07falseCoffee shop 14343363 2022-09-06 14343363 2022-09-07 2023-09-30 14343363 2021-09-07 2022-09-06 14343363 2023-09-30 14343363 c:Director1 2022-09-07 2023-09-30 14343363 d:CurrentFinancialInstruments 2023-09-30 14343363 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14343363 d:ShareCapital 2023-09-30 14343363 d:RetainedEarningsAccumulatedLosses 2023-09-30 14343363 c:OrdinaryShareClass1 2022-09-07 2023-09-30 14343363 c:OrdinaryShareClass1 2023-09-30 14343363 c:OrdinaryShareClass2 2022-09-07 2023-09-30 14343363 c:OrdinaryShareClass2 2023-09-30 14343363 c:FRS102 2022-09-07 2023-09-30 14343363 c:AuditExemptWithAccountantsReport 2022-09-07 2023-09-30 14343363 c:FullAccounts 2022-09-07 2023-09-30 14343363 c:PrivateLimitedCompanyLtd 2022-09-07 2023-09-30 14343363 e:PoundSterling 2022-09-07 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14343363










Ark NPT Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 30 September 2023





 
Ark NPT Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Ark NPT Limited for the period ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ark NPT Limited for the period ended 30 September 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Ark NPT Limited in accordance with the terms of our engagement letter dated 15 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of Ark NPT Limited and state those matters that we have agreed to state to the director of Ark NPT Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ark NPT Limited and its director for our work or for this report. 

It is your duty to ensure that Ark NPT Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ark NPT Limited. You consider that Ark NPT Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Ark NPT Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
5 August 2024
Page 1

 
Ark NPT Limited
Registered number: 14343363

Balance sheet
As at 30 September 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
500

Cash at bank and in hand
  
975

  
1,475

Creditors: amounts falling due within one year
 5 
(2,756)

Net current (liabilities)/assets
  
 
 
(1,281)

Total assets less current liabilities
  
(1,281)

  

Net (liabilities)/assets
  
(1,281)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(1,381)

  
(1,281)


The director considers 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 director acknowledges his 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2024.




I Totu
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Ark NPT Limited
 

 
Notes to the financial statements
For the period ended 30 September 2023

1.


General information

Ark NPT Limited is a private company limited by shares which was incorporated in England and Wales with company number 14343363.
The company’s registered office is 37 St Margaret's Street, Canterbury, Kent CT1 2TU.
The financial statements are presented in Pounds Sterling, and rounded to the nearest Pound.
The company was incorporated on 7 September 2022 since which time it's principal activity has been the operation of a coffee and music shop. 

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

Going concern

The financial statements have been prepared under the going concern basis due to the continued financial support provided by the director. 

 
2.3

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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Page 3

 
Ark NPT Limited
 

 
Notes to the financial statements
For the period ended 30 September 2023

2.Accounting policies (continued)


2.3
Revenue (continued)


 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 Balance sheet 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
 

Page 4

 
Ark NPT Limited
 

 
Notes to the financial statements
For the period ended 30 September 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
Ark NPT Limited
 

 
Notes to the financial statements
For the period ended 30 September 2023

4.


Debtors

2023
£


Other debtors
500

500



5.


Creditors: Amounts falling due within one year

2023
£

Other creditors
716

Accruals and deferred income
2,040

2,756



6.


Share capital

2023
£
Allotted, called up and fully paid


55 Ordinary A shares of £1.00 each
55
45 Ordinary B shares of £1.00 each
45

100


On incorporation, 55 Ordinary A shares of £1.00 each and 45 Ordinary B shares of £1.00 each were issued. 


7.


Controlling party

The overall controlling party of the company is I Totu due to her majority shareholding. 


Page 6