0 false false false false false false false false false false true false false false false true true false 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:EUR 09444671 2023-01-01 2023-12-31 09444671 2023-12-31 09444671 2022-12-31 09444671 2022-01-01 2022-12-31 09444671 2022-12-31 09444671 2021-12-31 09444671 bus:Director1 2023-01-01 2023-12-31 09444671 bus:Director2 2023-01-01 2023-12-31 09444671 bus:CompanySecretary1 2023-01-01 2023-12-31 09444671 core:WithinOneYear 2023-12-31 09444671 core:WithinOneYear 2022-12-31 09444671 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09444671 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09444671 core:ShareCapital 2023-12-31 09444671 core:ShareCapital 2022-12-31 09444671 core:SharePremium 2023-12-31 09444671 core:SharePremium 2022-12-31 09444671 core:RetainedEarningsAccumulatedLosses 2023-12-31 09444671 core:RetainedEarningsAccumulatedLosses 2022-12-31 09444671 core:ShareCapital 2021-12-31 09444671 core:SharePremium 2021-12-31 09444671 core:RetainedEarningsAccumulatedLosses 2021-12-31 09444671 bus:SmallEntities 2023-01-01 2023-12-31 09444671 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09444671 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09444671 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09444671 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 09444671
ARODON UK LIMITED
Unaudited Financial Statements
31 December 2023
ARODON UK LIMITED
Financial Statements
Year ended 31 December 2023
Contents
Page
Director's report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
ARODON UK LIMITED
Director's Report
Year ended 31 December 2023
The director presents her report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Principal activities
The principal activity of the company during the year was making and holding of investments.
Director
The director who served the company during the year was as follows:
Mr Christophoros Demetriades
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 16 April 2024 and signed on behalf of the board by:
Mrs Sophia Louise Ciccone
Fiduci-Corp (UK) Services Limited
Director
Company Secretary
ARODON UK LIMITED
Income Statement
Year ended 31 December 2023
2023
2022
Note
Administrative expenses
( 26,585)
( 25,247)
Foreign currency gain
( 19,115)
75,627
--------
--------
Operating (loss)/profit
( 45,700)
50,380
Income from other fixed asset investments
( 9,780)
32,922
Other interest receivable and similar income
4
73,857
25,492
Interest payable and similar expenses
5
( 889)
( 1,213)
--------
---------
Profit before taxation
17,488
107,581
Tax on profit
--------
---------
Profit for the financial year
17,488
107,581
--------
---------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
ARODON UK LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
Current assets
Debtors
6
236,297
214,460
Investments
7
1,795,039
1,759,497
Cash at bank and in hand
118,145
158,799
------------
------------
2,149,481
2,132,756
Creditors: amounts falling due within one year
8
6,232
6,995
------------
------------
Net current assets
2,143,249
2,125,761
------------
------------
Total assets less current liabilities
2,143,249
2,125,761
------------
------------
Net assets
2,143,249
2,125,761
------------
------------
Capital and reserves
Called up share capital
3,350
3,350
Share premium account
9
2,498,000
2,498,000
Profit and loss account
9
( 358,101)
( 375,589)
------------
------------
Shareholders funds
2,143,249
2,125,761
------------
------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:
Mrs Sophia Louise Ciccone
Director
Company registration number: 09444671
ARODON UK LIMITED
Statement of Changes in Equity
Year ended 31 December 2023
Called up share capital
Share premium account
Profit and loss account
Total
At 1 January 2022
3,350
2,498,000
( 483,170)
2,018,180
Profit for the year
107,581
107,581
-------
------------
---------
------------
Total comprehensive income for the year
107,581
107,581
At 31 December 2022
3,350
2,498,000
( 375,589)
2,125,761
Profit for the year
17,488
17,488
-------
------------
---------
------------
Total comprehensive income for the year
17,488
17,488
-------
------------
---------
------------
At 31 December 2023
3,350
2,498,000
( 358,101)
2,143,249
-------
------------
---------
------------
ARODON UK LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in euro, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Other interest receivable and similar income
2023
2022
Interest income on portfolio investments
73,857
25,492
--------
--------
5. Interest payable and similar expenses
2023
2022
Portfolio custody fees
889
1,213
----
-------
6. Debtors
2023
2022
Prepayments and accrued income
309
309
Shareholder account - debit balance
235,988
214,151
---------
---------
236,297
214,460
---------
---------
7. Investments
2023
2022
Portfolio account
1,795,039
1,759,497
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,632
3,395
Accruals and deferred income
3,600
3,600
-------
-------
6,232
6,995
-------
-------
9. Reserves
Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.
10. Related party transactions
The company was under the control of Quespal Limited throughout the current year. Quespal Limited is the sole shareholder.