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REGISTERED NUMBER: 14663058 (England and Wales)















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: M R Hockley Smith
P A Robinson





Registered office: Halls Hole House,
1 Forest Road,
Tunbridge Wells
Kent
TN2 4TT





Registered number: 14663058 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
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 2,216

Current assets
Debtors 5 1,229
Cash at bank 6,863
8,092
Creditors
Amounts falling due within one year 6 (126,895 )
Net current liabilities (118,803 )
Total assets less current liabilities (116,587 )

Reserves
Retained earnings 8 (116,587 )
Shareholders' funds (116,587 )

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

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

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





P A Robinson - Director


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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 3 .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
Additions 1,100 1,500 2,600
At 31 December 2023 1,100 1,500 2,600
Depreciation
Charge for period 92 292 384
At 31 December 2023 92 292 384
Net book value
At 31 December 2023 1,008 1,208 2,216

5. Debtors: amounts falling due within one year
£   
Other debtors 1,229

6. Creditors: amounts falling due within one year
£   
Taxation and social security 2,957
Other creditors 123,938
126,895

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 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 (116,587 )
At 31 December 2023 (116,587 )

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.