IRIS Accounts Production v24.2.0.383 04346059 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043460592022-12-31043460592023-12-31043460592023-01-012023-12-31043460592021-12-31043460592022-01-012022-12-31043460592022-12-3104346059ns15:EnglandWales2023-01-012023-12-3104346059ns14:PoundSterling2023-01-012023-12-3104346059ns10:Director12023-01-012023-12-3104346059ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104346059ns10:SmallEntities2023-01-012023-12-3104346059ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104346059ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104346059ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104346059ns10:FullAccounts2023-01-012023-12-310434605912023-01-012023-12-3104346059ns10:RegisteredOffice2023-01-012023-12-3104346059ns5:CurrentFinancialInstruments2023-12-3104346059ns5:CurrentFinancialInstruments2022-12-3104346059ns5:Non-currentFinancialInstruments2023-12-3104346059ns5:Non-currentFinancialInstruments2022-12-3104346059ns5:ShareCapital2023-12-3104346059ns5:ShareCapital2022-12-3104346059ns5:CapitalRedemptionReserve2023-12-3104346059ns5:CapitalRedemptionReserve2022-12-3104346059ns5:RetainedEarningsAccumulatedLosses2023-12-3104346059ns5:RetainedEarningsAccumulatedLosses2022-12-3104346059ns5:NetGoodwill2023-01-012023-12-3104346059ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104346059ns5:LandBuildings2023-01-012023-12-3104346059ns5:PlantMachinery2023-01-012023-12-3104346059ns5:NetGoodwill2022-12-3104346059ns5:NetGoodwill2023-12-3104346059ns5:NetGoodwill2022-12-3104346059ns5:LandBuildings2022-12-3104346059ns5:PlantMachinery2022-12-3104346059ns5:LandBuildings2023-12-3104346059ns5:PlantMachinery2023-12-3104346059ns5:LandBuildings2022-12-3104346059ns5:PlantMachinery2022-12-3104346059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104346059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3104346059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3104346059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104346059ns5:CostValuation2022-12-3104346059ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104346059ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104346059ns5:Secured2023-12-3104346059ns5:Secured2022-12-31043460591ns10:Director12022-12-31043460591ns10:Director12021-12-31043460591ns10:Director12023-01-012023-12-31043460591ns10:Director12022-01-012022-12-31043460591ns10:Director12023-12-31043460591ns10:Director12022-12-31
REGISTERED NUMBER: 04346059 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARCEDIA HOLDINGS LIMITED

ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCEDIA HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R M Jellard





REGISTERED OFFICE: The Wheelhouse
West Wharf
Mevagissey
Cornwall
PL26 6UJ





REGISTERED NUMBER: 04346059 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,915 58,915
Tangible assets 5 657,557 825,390
Investments 6 190,000 190,000
892,472 1,074,305

CURRENT ASSETS
Stocks 5,000 2,000
Debtors 7 228,677 92,489
Cash at bank 4,316 263,552
237,993 358,041
CREDITORS
Amounts falling due within one year 8 398,768 239,600
NET CURRENT (LIABILITIES)/ASSETS (160,775 ) 118,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,697

1,192,746

CREDITORS
Amounts falling due after more than one
year

9

10,296

393,225
NET ASSETS 721,401 799,521

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 721,301 799,421
721,401 799,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

BALANCE SHEET - continued
31 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 & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





R M Jellard - Director


ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

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

1. STATUTORY INFORMATION

Arcedia Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The financial statements show net current liabilities of £160,775. Noting that the Director has advanced a loan to the company of £294,801, the Director has confirmed that it is appropriate for the financial statements to be prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to turnover at the point of delivery of goods and services to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Straight line over 50 years (see below) and Straight line over 10 years
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 140,000
AMORTISATION
At 1 January 2023 81,085
Charge for year 14,000
At 31 December 2023 95,085
NET BOOK VALUE
At 31 December 2023 44,915
At 31 December 2022 58,915

ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 559,056 544,167 1,103,223
Additions - 132,500 132,500
Disposals (109,862 ) - (109,862 )
Reclassification/transfer - (250,292 ) (250,292 )
At 31 December 2023 449,194 426,375 875,569
DEPRECIATION
At 1 January 2023 12,500 265,333 277,833
Charge for year 8,156 64,182 72,338
Reclassification/transfer - (132,159 ) (132,159 )
At 31 December 2023 20,656 197,356 218,012
NET BOOK VALUE
At 31 December 2023 428,538 229,019 657,557
At 31 December 2022 546,556 278,834 825,390

Included in cost of land and buildings is freehold land of £ 141,398 (2022 - £ 0 ) which is not depreciated.

Reclassification/transfers relate to assets transferred by the company to a subsidiary company, St Ives Watersports Limited.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 41,995
DEPRECIATION
At 1 January 2023 10,499
Charge for year 7,874
At 31 December 2023 18,373
NET BOOK VALUE
At 31 December 2023 23,622
At 31 December 2022 31,496

ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 190,000
NET BOOK VALUE
At 31 December 2023 190,000
At 31 December 2022 190,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 203,940 -
Other debtors 24,737 92,489
228,677 92,489

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 103,364
Hire purchase contracts 9,412 9,412
Trade creditors 41,271 5,936
Amounts owed to group undertakings 29,019 43,389
Taxation and social security 17,368 71,388
Other creditors 301,698 6,111
398,768 239,600

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 373,518
Hire purchase contracts 10,296 19,707
10,296 393,225

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 19,708 -
Hire Purchase 41,995 -
61,703 -

ARCEDIA HOLDINGS LIMITED (REGISTERED NUMBER: 04346059)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R M Jellard
Balance outstanding at start of year 67,353 76,110
Amounts advanced (67,353 ) 36,544
Amounts repaid - (45,301 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 67,353

12. RELATED PARTY DISCLOSURES

At 31 December 2023, the Director was owed £294,801 by the company. At 31 December 2022, the Director owed the company £37,353.

The loan to the company by the Director is free of interest, and repayable on demand.