Arboury Ltd 08485997 false 2023-04-06 2024-04-05 2024-04-05 The principal activity of the company is letting of investment property. Digita Accounts Production Advanced 6.30.9574.0 true 08485997 2023-04-06 2024-04-05 08485997 2024-04-05 08485997 bus:OrdinaryShareClass1 2024-04-05 08485997 core:OtherReservesSubtotal 2024-04-05 08485997 core:RetainedEarningsAccumulatedLosses 2024-04-05 08485997 core:ShareCapital 2024-04-05 08485997 core:CurrentFinancialInstruments 2024-04-05 08485997 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 08485997 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-05 08485997 bus:SmallEntities 2023-04-06 2024-04-05 08485997 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 08485997 bus:FullAccounts 2023-04-06 2024-04-05 08485997 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 08485997 bus:RegisteredOffice 2023-04-06 2024-04-05 08485997 bus:Director2 2023-04-06 2024-04-05 08485997 bus:OrdinaryShareClass1 2023-04-06 2024-04-05 08485997 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 08485997 countries:EnglandWales 2023-04-06 2024-04-05 08485997 2023-04-05 08485997 2022-04-06 2023-04-05 08485997 2023-04-05 08485997 bus:OrdinaryShareClass1 2023-04-05 08485997 core:OtherReservesSubtotal 2023-04-05 08485997 core:RetainedEarningsAccumulatedLosses 2023-04-05 08485997 core:ShareCapital 2023-04-05 08485997 core:CurrentFinancialInstruments 2023-04-05 08485997 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-05 08485997 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08485997

Arboury Ltd

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2024

 

Arboury Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Arboury Ltd

(Registration number: 08485997)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

104,000

104,000

Current assets

 

Debtors

5

2,772

1,923

Cash at bank and in hand

 

81

78

 

2,853

2,001

Creditors: Amounts falling due within one year

6

(32,763)

(29,824)

Net current liabilities

 

(29,910)

(27,823)

Total assets less current liabilities

 

74,090

76,177

Creditors: Amounts falling due after more than one year

6

(79,055)

(79,471)

Net liabilities

 

(4,965)

(3,294)

Capital and reserves

 

Called up share capital

7

2

2

Other reserves

5,921

5,921

Profit and loss account

(10,888)

(9,217)

Shareholders' deficit

 

(4,965)

(3,294)

For the financial year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 



 

Miss K Hollis
Director

 

Arboury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Wigford Road
Dosthill
Tamworth
Staffordshire
B77 1LY

2

Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
Notwithstanding the deficit of shareholder's funds, the director considers that the company will recover this deficit in future years and therefore it is appropriate for the accounts to be prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

 

Arboury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4

Investment property

2024
£

2023
£

At 6 April

104,000

101,000

Fair value adjustments

-

3,000

At 5 April

104,000

104,000

The director has reviewed the market value of the property using current market data for similar properties in the same areas and considers that there is no significant change at the balance sheet date.

5

Debtors

2024
£

2023
£

Trade debtors

120

165

Other debtors

1,978

1,421

Prepayments

674

337

2,772

1,923

 

Arboury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Bank loans

400

395

Other creditors

656

656

Other loans

30,297

27,273

Accruals

1,410

1,500

32,763

29,824

Creditors include a bank loan which is secured by a government backed guarantee in the sum of £400 (2023 - £395).

Creditors: amounts falling due after more than one year

2024
£

2023
£

Bank loans

79,055

79,471

79,055

79,471

Creditors include a bank loan which is secured by a government backed guarantee along with a loan secured against assets of the company and by a negative pledge in the sum of £79,055 (2023- £79,471). Of this amount, £78,537 (2023 - £78,557) is repayable, other than by instalments, after more than five years.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

         

8

Related party transactions

Director's loan

The director provided the company with a loan on which no interest was charged.