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REGISTERED NUMBER: 11817424 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ARMS ESTATES LIMITED

ARMS ESTATES LIMITED (REGISTERED NUMBER: 11817424)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARMS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R Madlani
A H Madlani





REGISTERED OFFICE: 31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 11817424 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

ARMS ESTATES LIMITED (REGISTERED NUMBER: 11817424)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 171,919 171,919

CURRENT ASSETS
Debtors 5 - 35
Cash at bank 12,756 11,337
12,756 11,372
CREDITORS
Amounts falling due within one year 6 71,112 73,096
NET CURRENT LIABILITIES (58,356 ) (61,724 )
TOTAL ASSETS LESS CURRENT LIABILITIES 113,563 110,195

CREDITORS
Amounts falling due after more than one
year

7

115,113

115,113
NET LIABILITIES (1,550 ) (4,918 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,650 ) (5,018 )
(1,550 ) (4,918 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 17 April 2024 and were signed on its behalf by:



A H Madlani - Director


ARMS ESTATES LIMITED (REGISTERED NUMBER: 11817424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Arms Estates 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.

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.

Going Concern
The directors are of the opinion that the company will have access to sufficient funds to enable it to trade for at least one year from the date of signing the balance sheet.

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ARMS ESTATES LIMITED (REGISTERED NUMBER: 11817424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 171,919
NET BOOK VALUE
At 29 February 2024 171,919
At 28 February 2023 171,919

At the year end the Investment property was valued by the directors based upon their knowledge of local market conditions and the condition of the property involved. In their opinion the value included within the financial statements is a fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 35

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,286 4,286
Other creditors 66,826 68,810
71,112 73,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 115,113 115,113

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 97,969 97,969

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 119,399 119,399

9. RELATED PARTY DISCLOSURES

The directors have loaned money to the company. The amount outstanding at the year end was £65,376 (2023: £64,960).The loan does not attract any interest and is repayable on demand.