REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Arianmoor Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Arianmoor Limited |
Arianmoor Limited (Registered number: 04352091) |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Arianmoor Limited |
Company Information |
for the year ended 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
7 Forbes Business Centre |
Kempson Way |
Bury St Edmunds |
Suffolk |
IP32 7AR |
Arianmoor Limited (Registered number: 04352091) |
Balance Sheet |
31 March 2024 |
31/3/24 | 31/3/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Arianmoor Limited (Registered number: 04352091) |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income received. |
Investment property |
Freehold investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Fair value at 31 March 2024 is represented by: |
£ |
Valuation in 2005 | 372,057 |
Valuation in 2006 | 427,943 |
Valuation in 2007 | 400,000 |
Cost | 916,397 |
2,116,397 |
If investment property had not been revalued it would have been included at the following historical cost: |
31/3/24 | 31/3/23 |
£ | £ |
Cost | 1,288,454 | 1,288,454 |
Investment property was valued on an open market basis basis on 31 March 2021 by the director Mr David King . |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Tax |
Arianmoor Limited (Registered number: 04352091) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Bank loans and overdrafts |
Tax |
Other creditors |
Directors' current accounts | 76,187 | 76,187 |
Accrued expenses |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/3/24 | 31/3/23 |
£ | £ |
Bank overdraft |
Bank loans |
Bank borrowings are secured by a legal charge over the freehold property together with a personal guarantee provided by the director D R King. |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2023 |
Investment property | (8,279 | ) |
At 31 March 2024 |
Deferred tax has been provided for on the expected rate of corporation tax on disposal of the revalued assets |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is the director D R King by virtue of his shareholding. |