Registered number
13751464
ARK REAL ESTATE LIMITED
Filleted Accounts
30 November 2023
ARK REAL ESTATE LIMITED
Registered number: 13751464
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,080,207 1,060,836
Current assets
Cash at bank and in hand 12,909 2,027
Creditors: amounts falling due within one year 4 (1,232) (801)
Net current assets 11,677 1,226
Total assets less current liabilities 1,091,884 1,062,062
Creditors: amounts falling due after more than one year 5 (1,122,195) (1,082,817)
Net liabilities (30,311) (20,755)
Capital and reserves
Called up share capital 4 4
Profit and loss account (30,315) (20,759)
Shareholders' funds (30,311) (20,755)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
HAROON YOUSAF
Director
Approved by the board on 27 August 2024
ARK REAL ESTATE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 1,060,836 - 1,060,836
Additions 48,481 746 49,227
Disposals (29,744) - (29,744)
At 30 November 2023 1,079,573 746 1,080,319
Depreciation
Charge for the year - 112 112
At 30 November 2023 - 112 112
Net book value
At 30 November 2023 1,079,573 634 1,080,207
At 30 November 2022 1,060,836 - 1,060,836
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 432 -
Other creditors 800 801
1,232 801
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 310,555 555,210
Other creditors 811,640 527,607
1,122,195 1,082,817
6 Other information
ARK REAL ESTATE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
14 BOWDON ROAD
LONDON
E17 8JB
ARK REAL ESTATE LIMITED 13751464 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 HAROON YOUSAF No description of principal activity 13751464 2021-12-01 2022-11-30 13751464 core:WithinOneYear 2022-11-30 13751464 core:AfterOneYear 2022-11-30 13751464 core:ShareCapital 2022-11-30 13751464 core:RetainedEarningsAccumulatedLosses 2022-11-30 13751464 2022-12-01 2023-11-30 13751464 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13751464 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13751464 bus:Director40 2022-12-01 2023-11-30 13751464 2 2022-12-01 2023-11-30 13751464 core:LandBuildings 2022-12-01 2023-11-30 13751464 core:PlantMachinery 2022-12-01 2023-11-30 13751464 countries:England 2022-12-01 2023-11-30 13751464 bus:FRS102 2022-12-01 2023-11-30 13751464 bus:FilletedAccounts 2022-12-01 2023-11-30 13751464 2023-11-30 13751464 core:WithinOneYear 2023-11-30 13751464 core:AfterOneYear 2023-11-30 13751464 core:ShareCapital 2023-11-30 13751464 core:RetainedEarningsAccumulatedLosses 2023-11-30 13751464 core:LandBuildings 2023-11-30 13751464 core:PlantMachinery 2023-11-30 13751464 2022-11-30 13751464 core:LandBuildings 2022-11-30 13751464 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure