Company registration number 14806375 (England and Wales)
AR GROUP ESTATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
AR GROUP ESTATES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AR GROUP ESTATES LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
1,008
Investment property
4
155,956
156,964
Current assets
Debtors
5
6,000
Cash at bank and in hand
1,457
7,457
Creditors: amounts falling due within one year
6
(159,859)
Net current liabilities
(152,402)
Net assets
4,562
Capital and reserves
Called up share capital
7
100
Profit and loss reserves
4,462
Total equity
4,562

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 October 2024 and are signed on its behalf by:
Mr Amjad Rafiq
Director
Company registration number 14806375 (England and Wales)
AR GROUP ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

AR Group Estates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 20 Trident Park, Trident Way, Blackburn, Lancashire, BB1 3NU.

1.1
Reporting period

The current financial period is for eleven months as the company was incorporated on 16 April 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company is reliant upon the financial support of its directors and connected companies in order to meet its liabilities as they fall due. The directors have indicated that this support will continue for the foreseeable future and, as a result, have continued to adopt the going concern basis in preparing the financial statements.

1.4
Turnover

Turnover represents rental income and amounts receivables for management services provided.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the tax currently payable.

AR GROUP ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
Additions
1,043
At 31 March 2024
1,043
Depreciation and impairment
Depreciation charged in the period
35
At 31 March 2024
35
Carrying amount
At 31 March 2024
1,008
4
Investment property
2024
£
Fair value
Additions
155,956
At 31 March 2024
155,956

The investment properties are included in the financial statements at their historic cost. The directors believe

that the market value of the investment properties at the balance sheet date is not materially different from

their cost.

5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
6,000

Other debtors comprise amounts owed by connected companies.

AR GROUP ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
£
Taxation and social security
810
Other creditors
159,049
159,859

Other creditors comprises amounts owed to connected companies of £116,709, other loans of £5,500, directors' loan account of £35,190 and accruals of £1,650.

7
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
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