2023-02-01 07482272 2024-01-31 07482272 2023-02-01 2024-01-31 07482272 2023-01-31 07482272 2022-02-01 2023-01-31 07482272 uk-core:WithinOneYear 2023-01-31 07482272 uk-core:WithinOneYear 2024-01-31 07482272 uk-core:AfterOneYear 2023-01-31 07482272 uk-core:AfterOneYear 2024-01-31 07482272 uk-core:ShareCapital 2024-01-31 07482272 uk-core:ShareCapital 2023-01-31 07482272 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 07482272 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 07482272 uk-bus:Director1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure 07482272 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07482272 uk-bus:FRS102 2023-02-01 2024-01-31 07482272 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 07482272 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Draft
ARMARC LTD
Registered Number:07482272
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 January 2024
ARMARC LTD
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Draft
Registered Number :
07482272
As at 31 January 2024
ARMARC LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Financial assets
2,929,908
2,927,908
2,927,908
2,929,908
Current assets
340
Cash and cash equivalents
671
671
340
Trade and other payables: amounts falling due within one
year
(1,428)
(1,213)
2
(1,088)
(542)
Net current liabilities
Total assets less current liabilities
2,927,366
2,928,820
Trade and other payables: amounts falling due after more
than one year
(2,732,700)
(2,732,700)
3
194,666
Net assets
196,120
Capital and reserves
Called up share capital
30
30
Retained earnings
194,636
196,090
194,666
196,120
Shareholders' funds
For the year ended 31 January 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 year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Fiorenzo Stocco Director
These financial statements were approved and authorised for issue by the Board on 17 October 2024 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 31 January 2024
ARMARC LTD
Notes to the Financial Statements
Statutory Information
ARMARC LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number
07482272.
Principal place of business:
c/o Balfour House
741 High Road
London
N12 0BP
Registered address:
c/o G Teoli & Co
Balfour House
741 High Road
London
N12 0BP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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5
Draft
For the year ended 31 January 2024
ARMARC LTD
Notes to the Financial Statements Continued
2. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,213
1,428
3. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
2,732,700
2,732,700
4. Average number of persons employed
During the year the average number of employees was 0
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