Company Registration No. 04243722 (England and Wales)
Arniston Associates Limited
Unaudited accounts
for the year ended 30 June 2023
Arniston Associates Limited
Unaudited accounts
Contents
Arniston Associates Limited
Company Information
for the year ended 30 June 2023
Company Number
04243722 (England and Wales)
Registered Office
22 Frenchmans Close
Toddington
Dunstable
BEDFORDSHIRE
LU5 6BD
ENGLAND
Accountants
Mayflower Accountancy & Tax Limited
Unit A, Angel Business Centre
1 Luton Road
Toddington
Bedfordshire
LU5 6DE
Arniston Associates Limited
Statement of financial position
as at 30 June 2023
Tangible assets
19,760
24,700
Investment property
95,000
95,000
Cash at bank and in hand
49,815
84,980
Creditors: amounts falling due within one year
(3,101)
(13,159)
Net current assets
47,280
70,120
Total assets less current liabilities
162,040
189,820
Provisions for liabilities
Deferred tax
(8,155)
(11,960)
Net assets
153,885
177,860
Called up share capital
102
102
Fair value reserve
41,000
41,000
Profit and loss account
112,783
136,758
Shareholders' funds
153,885
177,860
For the year ending 30 June 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Lee Nash
Director
Company Registration No. 04243722
Arniston Associates Limited
Notes to the Accounts
for the year ended 30 June 2023
Arniston Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 04243722. The registered office is 22 Frenchmans Close, Toddington, Dunstable, BEDFORDSHIRE, LU5 6BD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Arniston Associates Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2022
95,000
Fair value at 30 June 2022 is represented by the original cost £54,000 plus the revaluation in 2018 £41,000.
The investment property was valued on an open market basis on 30 June 2023 by the director.
Amounts falling due within one year
Amounts due from group undertakings etc.
566
(834)
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,781
-
Loans from directors
-
11,391
Arniston Associates Limited
Notes to the Accounts
for the year ended 30 June 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
11,544
11,437
Tax losses carried forward
(3,389)
523
Provision at start of year
11,960
11,739
(Credited)/charged to the profit and loss account
(3,805)
221
Provision at end of year
8,155
11,960
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).