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REGISTERED NUMBER: 08103686 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ARE INVESTMENTS LTD

ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,463 39,272
Investment property 5 1,500,000 1,500,000
1,600,463 1,539,272

CURRENT ASSETS
Debtors 6 1,854 1,948
Cash at bank 45,466 115,434
47,320 117,382
CREDITORS
Amounts falling due within one year 7 203,426 19,294
NET CURRENT (LIABILITIES)/ASSETS (156,106 ) 98,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,444,357

1,637,360

CREDITORS
Amounts falling due after more than one
year

8

(261,492

)

(461,492

)

PROVISIONS FOR LIABILITIES 10 (99,429 ) (87,803 )
NET ASSETS 1,083,436 1,088,065

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 233,391 233,391
Retained earnings 12 849,945 854,574
SHAREHOLDERS' FUNDS 1,083,436 1,088,065

ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





Mr A R Ellis - Director


ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

ARE Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08103686

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 50,970 23,392 749 75,111
Additions 48,784 70,216 - 119,000
Disposals (204 ) (43,893 ) - (44,097 )
At 30 June 2024 99,550 49,715 749 150,014
DEPRECIATION
At 1 July 2023 24,924 10,234 681 35,839
Charge for year 11,574 12,429 22 24,025
Eliminated on disposal (79 ) (10,234 ) - (10,313 )
At 30 June 2024 36,419 12,429 703 49,551
NET BOOK VALUE
At 30 June 2024 63,131 37,286 46 100,463
At 30 June 2023 26,046 13,158 68 39,272

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,500,000
NET BOOK VALUE
At 30 June 2024 1,500,000
At 30 June 2023 1,500,000

The freehold investment property at Central Business Park, Princess Street, Barnstaple was revalued by Symonds & Sampson in February 2021 at £800,000.

The freehold investment property at Sandbanks Business Park, Yelland, Barnstaple was revalued by Symonds & Sampson in February 2021 at £700,000.

ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 368 492
Other debtors 1,486 1,456
1,854 1,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 152
Taxation and social security 5,510 10,539
Other creditors 197,916 8,603
203,426 19,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 261,492 461,492

9. SECURED DEBTS

The bank loan is secured by fixed and floating charges over the freehold land owned by the company, at Central Business Park, Princess Street, Barnstaple, Devon, and at Sandbanks Business Park, Yelland Quay, Yelland, Barnstaple, Devon.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 99,429 87,803

Deferred
tax
£   
Balance at 1 July 2023 87,803
Provided during year 11,626
Balance at 30 June 2024 99,429

ARE INVESTMENTS LTD (REGISTERED NUMBER: 08103686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 854,574 233,391 1,087,965
Profit for the year 25,371 25,371
Dividends (30,000 ) (30,000 )
At 30 June 2024 849,945 233,391 1,083,336