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REGISTERED NUMBER: 09632816 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

Artius Property Protection Limited

Artius Property Protection Limited (Registered number: 09632816)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Artius Property Protection Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: P R Abbott
M R Slater





REGISTERED OFFICE: Saxon House,
Stephenson Way,
Crawley,
West Sussex.
RH10 1TN





REGISTERED NUMBER: 09632816 (England and Wales)






Artius Property Protection Limited (Registered number: 09632816)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,532 21,255
Tangible assets 5 1 1
16,533 21,256

CURRENT ASSETS
Stocks - 157,480
Debtors 6 1,172,391 1,053,109
Cash at bank 44,144 109,652
1,216,535 1,320,241
CREDITORS
Amounts falling due within one year 7 953,554 1,098,649
NET CURRENT ASSETS 262,981 221,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,514

242,848

CREDITORS
Amounts falling due after more than one
year

8

29,394

34,394
NET ASSETS 250,120 208,454

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 250,020 208,354
SHAREHOLDERS' FUNDS 250,120 208,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Artius Property Protection Limited (Registered number: 09632816)

Balance Sheet - continued
31st March 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 Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





P R Abbott - Director


Artius Property Protection Limited (Registered number: 09632816)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Artius Property Protection Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

Artius Property Protection Limited (Registered number: 09632816)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 47,222
AMORTISATION
At 1st April 2023 25,967
Charge for year 4,723
At 31st March 2024 30,690
NET BOOK VALUE
At 31st March 2024 16,532
At 31st March 2023 21,255

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 2,000
DEPRECIATION
At 1st April 2023
and 31st March 2024 1,999
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1

Artius Property Protection Limited (Registered number: 09632816)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 87,951 458,398
Amounts owed by related companies 1,068,074 555,337
Other debtors 6,524 6,620
Tax - 8,416
VAT - 4,759
1,162,549 1,033,530

Amounts falling due after more than one year:
Deferred tax 9,842 19,579

Aggregate amounts 1,172,391 1,053,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 365,337 466,304
Amounts owed to related companies 325,638 425,242
Tax 36 -
Social security and other taxes 4,103 51,649
VAT 36,454 -
Other creditors 72,194 78,626
Amounts due to factors 47,361 49,173
Directors' current accounts 34,776 -
Accrued expenses 62,099 22,099
953,554 1,098,649

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 11,111 11,111
Bank loans - 2-5 years 18,283 16,667
Bank loans more 5 yr by instal - 6,616
29,394 34,394

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,616

Artius Property Protection Limited (Registered number: 09632816)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

9. SECURED DEBTS

The Company has given guarantees to its factors, by way of a fixed and floating charge over all of the Company's assets, to cover its borrowings against its trade debtors.

Total borrowings at the year end were £47,361 (2023 £49,173)

10. FINANCIAL INSTRUMENTS

The Company has taken advantage of the Government's "Bounce Back Loan" scheme and notified an extension from a 6 to a 10 year repayment plan.

The Government covers the first 12 months of interest payments, which have been accounted for as a Government Grant

The loan is 100% Government backed with no security being required from the Company.

A 12 month capital repayment holiday is automatically applied at inception.

The interest rate is fixed at 2.5% per annum over the period of the loan.

Early repayment of the loan, at the Company's discretion, is possible without additional charges being imposed.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The Company is under the control of P. R. Abbott by virtue of his shareholding
in Artius Holdings Limited, this Company's ultimate holding company.