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REGISTERED NUMBER: 11740094 (England and Wales)










Arx Property Group Ltd
Trading as
ARX Property Group Limited

Unaudited Financial Statements

for the Year Ended 30 December 2023






Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arx Property Group Ltd
Trading as ARX Property Group Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: Mrs Elizabeth Jane Rendall
Mr John Rendall





REGISTERED OFFICE: 31 Sackville Street
Manchester
M1 3LZ





REGISTERED NUMBER: 11740094 (England and Wales)






Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited

Balance Sheet
30 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,078 3,078
Investment property 6 269,038 269,038
272,116 272,116

CURRENT ASSETS
Debtors 7 242 -
Cash at bank 13,770 11,385
14,012 11,385
CREDITORS
Amounts falling due within one year 8 (70,209 ) (70,430 )
NET CURRENT LIABILITIES (56,197 ) (59,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,919

213,071

CREDITORS
Amounts falling due after more than one year 9 (197,374 ) (197,374 )
NET ASSETS 18,545 15,697

CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 26,000 26,000
Retained earnings (7,457 ) (10,305 )
SHAREHOLDERS' FUNDS 18,545 15,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited

Balance Sheet - continued
30 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mrs Elizabeth Jane Rendall - Director


Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31 Sackville Street
Manchester
M1 3LZ
England

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

TURNOVER
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

3. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 December 2022
and 30 December 2023 3,078
NET BOOK VALUE
At 30 December 2023 3,078
At 30 December 2022 3,078

Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

6. INVESTMENT PROPERTY
Total
£   
COST
At 31 December 2022
and 30 December 2023 269,038
NET BOOK VALUE
At 30 December 2023 269,038
At 30 December 2022 269,038

There has been no valuation of investment property by an independent valuer.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 242 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 69,009 69,230
Accruals 1,200 1,200
70,209 70,430

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 10) 197,374 197,374

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between two and five years:
Bank Borrowings 197,374 197,374

The carrying amount of Mortgage at year end is £197,374 (2021 - £193,500).
The mortgages are secured on the Company's investment properties.

Arx Property Group Ltd (Registered number: 11740094)
Trading as ARX Property Group Limited

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Equity Share 1 2 2