Acorah Software Products - Accounts Production 15.0.600 false true false 27 October 2022 31 October 2023 31 October 2023 14447017 Mr Luis da Silva iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14447017 2022-10-26 14447017 2023-10-31 14447017 2022-10-27 2023-10-31 14447017 frs-core:CurrentFinancialInstruments 2023-10-31 14447017 frs-core:Non-currentFinancialInstruments 2023-10-31 14447017 frs-core:SharePremium 2023-10-31 14447017 frs-core:ShareCapital 2023-10-31 14447017 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 14447017 frs-bus:PrivateLimitedCompanyLtd 2022-10-27 2023-10-31 14447017 frs-bus:FilletedAccounts 2022-10-27 2023-10-31 14447017 frs-bus:SmallEntities 2022-10-27 2023-10-31 14447017 frs-bus:AuditExempt-NoAccountantsReport 2022-10-27 2023-10-31 14447017 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-27 2023-10-31 14447017 frs-bus:Director1 2022-10-27 2023-10-31 14447017 frs-countries:EnglandWales 2022-10-27 2023-10-31
Registered number: 14447017
Arvo Lithium Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 14447017
2023
Notes £ £
CURRENT ASSETS
Debtors 4 1,771,453
1,771,453
Creditors: Amounts Falling Due Within One Year 5 (520,687 )
NET CURRENT ASSETS (LIABILITIES) 1,250,766
TOTAL ASSETS LESS CURRENT LIABILITIES 1,250,766
NET ASSETS 1,250,766
CAPITAL AND RESERVES
Called up share capital 6 13,659
Share premium account 1,245,092
Profit and Loss Account (7,985 )
SHAREHOLDERS' FUNDS 1,250,766
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Luis da Silva
Director
23/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Arvo Lithium Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14447017 . The registered office is Unit A Farriers Courtyard, Spelmonden Farm Spelmonden Road, Goudhurst, Cranbrook, England, TN17 1HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Debtors
2023
£
Due within one year
Loan to ARVO Metals OY 782,935
Escrow Account 980,032
1,762,967
Due after more than one year
Investment in Subsidiary 8,486
1,771,453
5. Creditors: Amounts Falling Due Within One Year
2023
£
Royalty Payable 520,312
Accruals and deferred income 375
520,687
6. Share Capital
2023
£
Allotted, Called up and fully paid 13,659
7. Related Party Transactions
At the year end, the subsidiary company ARVO Metal OY owe GBP 782,935 to ARVO Lithium Ltd in respect of a 2% interest bearing loan.
ARVO Lithium's investment in Arvo Metals OY (the share capital in Arvo Metals FS) is EUR10,000 i.e. GBP 8,486. 
8. Escrow account
This represents cash in bank held of GBP 980,032 on behalf of the Company that is used only for the purpose of financing the Company’s subsidiary via loans and settlement of Company’s suppliers.
Page 2