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REGISTERED NUMBER: 10026261 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Ares 11 Ltd

Ares 11 Ltd (Registered number: 10026261)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ares 11 Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: A Boscolo





REGISTERED OFFICE: 39 Long Acre
London
WC2E 9LG





REGISTERED NUMBER: 10026261 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Ares 11 Ltd (Registered number: 10026261)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 596 1,170

CURRENT ASSETS
Debtors 5 18,054 18,912
Cash at bank 90,221 122,537
108,275 141,449
CREDITORS
Amounts falling due within one year 6 39,984 43,863
NET CURRENT ASSETS 68,291 97,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,887

98,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,787 98,656
SHAREHOLDERS' FUNDS 68,887 98,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Ares 11 Ltd (Registered number: 10026261)

Balance Sheet - continued
28 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





A Boscolo - Director


Ares 11 Ltd (Registered number: 10026261)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Ares 11 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ares 11 Ltd (Registered number: 10026261)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 28 February 2024 2,799
DEPRECIATION
At 1 March 2023 1,629
Charge for year 574
At 28 February 2024 2,203
NET BOOK VALUE
At 28 February 2024 596
At 28 February 2023 1,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 17,759 5,496
Tax - 15
VAT 295 182
Prepayments and accrued income - 13,219
18,054 18,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 784 601
Tax 3,027 -
Directors' loan accounts 34,973 42,062
Accruals and deferred income - 1,200
Accrued expenses 1,200 -
39,984 43,863

7. ULTIMATE CONTROLLING PARTY

The controlling party is A Boscolo.