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REGISTERED NUMBER: 01307040 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARROVE LIMITED

ARROVE LIMITED (REGISTERED NUMBER: 01307040)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Mr L Read





Registered office: 10 Stadium Business Court,
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 01307040 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

ARROVE LIMITED (REGISTERED NUMBER: 01307040)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 - -
Investment property 5 204,349 204,349
204,349 204,349

Current assets
Debtors 6 482,095 507,594
Cash at bank 9,430 5,651
491,525 513,245
Creditors
Amounts falling due within one year 7 (3,341 ) (2,337 )
Net current assets 488,184 510,908
Total assets less current liabilities 692,533 715,257

Provisions for liabilities (88 ) (88 )
Net assets 692,445 715,169

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 691,445 714,169
Shareholders' funds 692,445 715,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





Mr L Read - Director


ARROVE LIMITED (REGISTERED NUMBER: 01307040)

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

1. STATUTORY INFORMATION

Arrove 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Property alterations - 10% on reducing balance
Fixtures and fittings - 20% on cost

All fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss statement.

The director considered the fair value of investment property at the reporting date to be £204,349. This fair value has been calculated based on historical purchase price and review of trends in the property market. No professional valuation has been obtained. The methods and significant assumptions applied in determining the fair value of the investment property include consideration of property trends and recent property sales local to the investment property, rental yield, and the condition of the property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2022 - NIL ) .

ARROVE LIMITED (REGISTERED NUMBER: 01307040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Property and
alterations fittings Totals
£ £ £
Cost
At 1 January 2023 21,668 827 22,495
Disposals (21,668 ) - (21,668 )
At 31 December 2023 - 827 827
Depreciation
At 1 January 2023 21,668 827 22,495
Eliminated on disposal (21,668 ) - (21,668 )
At 31 December 2023 - 827 827
Net book value
At 31 December 2023 - - -
At 31 December 2022 - - -

5. INVESTMENT PROPERTY
Total
£
Cost
At 1 January 2023
and 31 December 2023 204,349
Net book value
At 31 December 2023 204,349
At 31 December 2022 204,349

The historical cost of investment properties at the year end was £204,349 (2022: £204,349).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 482,095 505,095
Deferred consideration - 2,499
482,095 507,594

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Tax 848 1
Other creditors 81 -
Accruals and deferred income 2,092 1,750
Directors' loan accounts 320 586
3,341 2,337

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000

ARROVE LIMITED (REGISTERED NUMBER: 01307040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

£482,095 (2022: £492,095) is due from a related party of which Mr L Read is a director and shareholder.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Arrove Holdings Limited, a company incorporated in England.