REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
14 February 2023 to 31 December 2023 |
for |
Arius Technology (UK) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
14 February 2023 to 31 December 2023 |
for |
Arius Technology (UK) Limited |
Arius Technology (UK) Limited (Registered number: 14663058) |
Contents of the Financial Statements |
for the Period 14 February 2023 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Arius Technology (UK) Limited |
Company Information |
for the Period 14 February 2023 to 31 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
120 New Cavendish Street, |
London |
W1W 6XX |
Arius Technology (UK) Limited (Registered number: 14663058) |
Balance Sheet |
31 December 2023 |
Notes | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) |
Net current liabilities | ( |
) |
Total assets less current liabilities | ( |
) |
Reserves |
Retained earnings | 8 | ( |
) |
Shareholders' funds | ( |
) |
The directors acknowledge their 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 Board of Directors and authorised for issue on |
Arius Technology (UK) Limited (Registered number: 14663058) |
Notes to the Financial Statements |
for the Period 14 February 2023 to 31 December 2023 |
1. | Statutory information |
The Company is a private company limited by shares, incorporated in England and Wales. Its registered office is Halls Hole House, 1 Forest Road, Tunbridge Wells, Kent, United Kingdom, TN2 4TT. |
The principal activity of the company during the period under review was that of advanced scanning services available for the examination, conservation, documentation, replication, and visualization of art. |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company will be continuing to rely on the support of P.A. Robinson and Arius Technology Inc (a company under common control) for funds when they are needed. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements. |
Arius Technology (UK) Limited (Registered number: 14663058) |
Notes to the Financial Statements - continued |
for the Period 14 February 2023 to 31 December 2023 |
3. | Employees and directors |
The average number of employees during the period was |
4. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
Additions |
At 31 December 2023 |
Depreciation |
Charge for period |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
5. | Debtors: amounts falling due within one year |
£ |
Other debtors |
6. | Creditors: amounts falling due within one year |
£ |
Taxation and social security |
Other creditors |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £0.01 | - |
Called-up share capital represents the nominal value of shares that have been issued. |
8. | Reserves |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 December 2023 | ( |
) |
Retained earnings reserve records retained earnings and accumulated losses. |
Arius Technology (UK) Limited (Registered number: 14663058) |
Notes to the Financial Statements - continued |
for the Period 14 February 2023 to 31 December 2023 |
9. | Related party disclosures |
Arius Technology inc |
During the period the company had the following transactions with the Arius Technology inc, a company registered in Vancouver, British Columbia, Canada and is under common control: |
31.12.23 |
£ |
Monies advanced to Arius Technology (UK) Limited | (119,721 | ) |
Balance carried forward | (119,721 | ) |
The above loan is interest free, unsecured and repayable on demand. |
10. | Ultimate controlling party |
During the period the company was under the control of P. A. Robinson, who owns 100% of the issued share capital of the company. |