Registered number
13355277
Arold Developments Ltd
Unaudited Filleted Accounts
31 March 2024
Arold Developments Ltd
Registered number: 13355277
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 239,639 -
Current assets
Debtors 4 86 -
Cash at bank and in hand 1,271 100
1,357 100
Creditors: amounts falling due within one year 5 (241,856) -
Net current (liabilities)/assets (240,499) 100
Net (liabilities)/assets (860) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (960) -
Shareholders' funds (860) 100
The directors are 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 directors acknowledge their 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.
Shandakumar Arjuna
Director
Approved by the board on 5 November 2024
Arold Developments Ltd
Notes to the Accounts
for the year ended 31 March 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 239,639
At 31 March 2024 239,639
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 239,639
4 Debtors 2024 2023
£ £
Other debtors 86 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 960 -
Other creditors 240,896 -
241,856 -
6 Other information
Arold Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
860-862 Garratt Lane
London
SW17 0NB
Arold Developments Ltd 13355277 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Shandakumar Arjuna No description of principal activity 13355277 2022-04-01 2023-03-31 13355277 core:WithinOneYear 2023-03-31 13355277 core:ShareCapital 2023-03-31 13355277 core:RetainedEarningsAccumulatedLosses 2023-03-31 13355277 2023-04-01 2024-03-31 13355277 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13355277 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13355277 bus:Director40 2023-04-01 2024-03-31 13355277 core:LandBuildings 2023-04-01 2024-03-31 13355277 countries:England 2023-04-01 2024-03-31 13355277 bus:FRS102 2023-04-01 2024-03-31 13355277 bus:FilletedAccounts 2023-04-01 2024-03-31 13355277 2024-03-31 13355277 core:WithinOneYear 2024-03-31 13355277 core:ShareCapital 2024-03-31 13355277 core:RetainedEarningsAccumulatedLosses 2024-03-31 13355277 core:LandBuildings 2024-03-31 13355277 2023-03-31 iso4217:GBP xbrli:pure