Company Registration No. 11678203 (England and Wales)
Armale Properties Ltd
Filleted accounts
for the year ended 30 November 2023
Armale Properties Ltd
Filleted accounts
Contents
Armale Properties Ltd
Company Information
for the year ended 30 November 2023
Directors
Jasdeep Singh
Ranvir Chima
Company Number
11678203 (England and Wales)
Registered Office
74 Dore Road
Sheffield
S17 3NE
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Armale Properties Ltd
Statement of financial position
as at 30 November 2023
Investment property
835,755
817,995
Cash at bank and in hand
16,521
49,471
Creditors: amounts falling due within one year
(4,278)
(2,805)
Net current assets
12,243
46,666
Total assets less current liabilities
847,998
864,661
Creditors: amounts falling due after more than one year
(906,000)
(906,000)
Net liabilities
(58,002)
(41,339)
Called up share capital
100
100
Profit and loss account
(58,102)
(41,439)
Shareholders' funds
(58,002)
(41,339)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Jasdeep Singh
Director
Company Registration No. 11678203
Armale Properties Ltd
Notes to the Accounts
for the year ended 30 November 2023
Armale Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11678203. The registered office is 74 Dore Road, Sheffield, S17 3NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 December 2022
817,995
At 30 November 2023
835,755
Armale Properties Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
3,046
1,573
6
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
906,000
906,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company has received loans from IOPA Solutions Ltd, a company in which the Directors and Shareholders have a controlling interest.
As at 30 November 2023, a balance of £906,000 was still outstanding to IOPA Solutions Ltd.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).