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Registered number: 14027554










ARCH PARTNERSHIP UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARCH PARTNERSHIP UK LIMITED
REGISTERED NUMBER: 14027554

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
4,038
913

  
4,038
913

Creditors: amounts falling due within one year
 4 
(196,818)
(79,814)

Net current liabilities
  
 
 
(192,780)
 
 
(78,901)

Total assets less current liabilities
  
(192,780)
(78,901)

  

Net liabilities
  
(192,780)
(78,901)


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
(192,783)
(78,904)

  
(192,780)
(78,901)


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ARCH PARTNERSHIP UK LIMITED
REGISTERED NUMBER: 14027554

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2024.

H C E Pow
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ARCH PARTNERSHIP UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Arch Partnership UK Limited is a private company limited by share capital and incorporated in England and Wales. The Company's registered address is 8th Floor South, Reading Bridge House, George Street, Reading, Berkshire, United Kingdom, RG1 8LS.
The Company was incorporated on 5 April 2022 therefore the prior reporting is a 9 month period only.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Going concern

The accounts have been prepared on the going concern basis as the Directors expect the Company to continue to trade for at least the next 12 months.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
ARCH PARTNERSHIP UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average number of employees during the period, including Directors, was 7 (2022 - 7)


4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
189,245
74,342

Accruals and deferred income
7,573
5,472

196,818
79,814


Page 4

 
ARCH PARTNERSHIP UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



3 (2022 - 3) Ordinary shares of £1.00 each
3
3

During the comparative period the Company issued 3 £1 Ordinary shares at par value.



6.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,030 (2022 - £996). 
Contributions totalling £581 (2022 - £604) were payable to the fund by the Company at the balance sheet date and are included in creditors.


7.


Related party transactions

At the balance sheet date £94,623 (2022 - £37,171) was owed by the Company to H C E Pow, a Director of the Company. These loans are without interest, repayable on demand and are unsecured.
At the balance sheet date £94,623 (2022 - £37,171) was owed by the Company to Y T Poon, a Director of the Company. These loans are without interest, repayable on demand and are unsecured.


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