Company Registration No. NI658700 (Northern Ireland)
Arrowhead Homes Limited
Unaudited accounts
for the year ended 29 February 2024
Arrowhead Homes Limited
Unaudited accounts
Contents
Arrowhead Homes Limited
Company Information
for the year ended 29 February 2024
Company Number
NI658700 (Northern Ireland)
Registered Office
7 SQUIRES VIEW
7 SQUIRES VIEW
BELFAST
BT14 8FS
NORTHERN IRELAND
Accountants
The Small Business Service Limited
444 Ravenhill Road
Belfast
BT6 0BU
Arrowhead Homes Limited
Statement of financial position
as at 29 February 2024
Tangible assets
444,288
444,379
Cash at bank and in hand
326
760
Creditors: amounts falling due within one year
(133,457)
(121,468)
Net current liabilities
(133,131)
(120,708)
Total assets less current liabilities
311,157
323,671
Creditors: amounts falling due after more than one year
(340,313)
(342,385)
Net liabilities
(29,156)
(18,714)
Called up share capital
1
1
Profit and loss account
(29,157)
(18,715)
Shareholders' funds
(29,156)
(18,714)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 11 September 2024 and were signed on its behalf by
Omowumi Odsina
Director
Company Registration No. NI658700
Arrowhead Homes Limited
Notes to the Accounts
for the year ended 29 February 2024
Arrowhead Homes Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI658700. The registered office is 7 SQUIRES VIEW, 7 SQUIRES VIEW, BELFAST, BT14 8FS, NORTHERN IRELAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
443,924
591
299
444,814
At 29 February 2024
443,924
591
299
444,814
At 1 March 2023
-
289
146
435
Charge for the year
-
60
31
91
At 29 February 2024
-
349
177
526
At 29 February 2024
443,924
242
122
444,288
At 28 February 2023
443,924
302
153
444,379
Arrowhead Homes Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,375
2,375
Loans from directors
130,242
116,627
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
340,313
342,385
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).