Registered number
04349396
AR Investments Limited
Unaudited Filleted Accounts
31 January 2024
AR Investments Limited
Registered number: 04349396
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,000 4,000
Tangible assets 4 637,927 638,767
640,927 642,767
Current assets
Cash at bank and in hand 4,251 5,873
Creditors: amounts falling due within one year 5 (91,339) (101,982)
Net current liabilities (87,088) (96,109)
Total assets less current liabilities 553,839 546,658
Provisions for liabilities (87,632) (87,792)
Net assets 466,207 458,866
Capital and reserves
Called up share capital 105 105
Revaluation reserve 7 386,034 386,034
Profit and loss account 80,068 72,727
Shareholders' funds 466,207 458,866
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Hussain
Director
Approved by the board on 28 February 2024
AR Investments Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on written down value
Fixtures and fittings 20% on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 10,000
At 31 January 2024 10,000
Amortisation
At 1 February 2023 6,000
Provided during the year 1,000
At 31 January 2024 7,000
Net book value
At 31 January 2024 3,000
At 31 January 2023 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery Fixtures & fittings Total
£ £ £ £
Cost
At 1 February 2023 635,000 8,143 9,532 652,675
At 31 January 2024 635,000 8,143 9,532 652,675
Depreciation
At 1 February 2023 - 6,419 7,489 13,908
Charge for the year - 431 409 840
At 31 January 2024 - 6,850 7,898 14,748
Net book value
At 31 January 2024 635,000 1,293 1,634 637,927
At 31 January 2023 635,000 1,724 2,043 638,767
Freehold property was revalued during the year ended 31 January 2021 on an open market basis, following an earlier revaluation in 2009. If freehold property had not been revalued it would have been included at its historical cost of £176706.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 8,644
Taxation and social security costs 3,351 4,069
Other creditors 87,988 89,269
91,339 101,982
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans - 8,644
7 Revaluation reserve 2024 2023
£ £
At 1 February 2023 386,034 386,034
At 31 January 2024 386,034 386,034
8 Related party transactions
Mr and Mrs R Hussain control the company by virtue of their shareholding.
Mr and Mrs Hussain have provided non-interest paying loans to the company as both a shareholder and a director. At 31 January 2024 the company owed Mr and Mrs Hussain £87267 (2023: £88609).
9 Other information
AR Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Llangholme
1 Marlborough Drive
Fulwood
Preston
PR2 9UE
AR Investments Limited 04349396 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Mr A Hussain No description of principal activity 04349396 2022-02-01 2023-01-31 04349396 core:WithinOneYear 2023-01-31 04349396 core:ShareCapital 2023-01-31 04349396 core:OtherReservesSubtotal 2023-01-31 04349396 core:RetainedEarningsAccumulatedLosses 2023-01-31 04349396 core:RevaluationReserve 2022-01-31 04349396 2023-02-01 2024-01-31 04349396 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04349396 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04349396 bus:Director40 2023-02-01 2024-01-31 04349396 1 2023-02-01 2024-01-31 04349396 2 2023-02-01 2024-01-31 04349396 core:Goodwill 2023-02-01 2024-01-31 04349396 core:LandBuildings 2023-02-01 2024-01-31 04349396 core:PlantMachinery 2023-02-01 2024-01-31 04349396 core:Vehicles 2023-02-01 2024-01-31 04349396 countries:England 2023-02-01 2024-01-31 04349396 bus:FRS102 2023-02-01 2024-01-31 04349396 bus:FilletedAccounts 2023-02-01 2024-01-31 04349396 2024-01-31 04349396 core:WithinOneYear 2024-01-31 04349396 core:ShareCapital 2024-01-31 04349396 core:OtherReservesSubtotal 2024-01-31 04349396 core:RetainedEarningsAccumulatedLosses 2024-01-31 04349396 core:Goodwill 2024-01-31 04349396 core:LandBuildings 2024-01-31 04349396 core:PlantMachinery 2024-01-31 04349396 core:Vehicles 2024-01-31 04349396 core:RevaluationReserve 2024-01-31 04349396 2023-01-31 04349396 core:Goodwill 2023-01-31 04349396 core:LandBuildings 2023-01-31 04349396 core:PlantMachinery 2023-01-31 04349396 core:Vehicles 2023-01-31 04349396 core:RevaluationReserve 2023-01-31 iso4217:GBP xbrli:pure