2023-03-012024-02-292024-02-29false13910516ARK PROPERTY (SOUTHWEST) LIMITED2024-11-28iso4217:GBPxbrli:pure139105162023-03-01139105162024-02-29139105162023-03-012024-02-29139105162022-02-11139105162023-02-28139105162022-02-112023-02-2813910516bus:SmallEntities2023-03-012024-02-2913910516bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2913910516bus:FullAccounts2023-03-012024-02-2913910516bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913910516core:WithinOneYear2024-02-2913910516core:AfterOneYear2024-02-2913910516core:WithinOneYear2023-02-2813910516core:AfterOneYear2023-02-2813910516core:ShareCapital2024-02-2913910516core:SharePremium2024-02-2913910516core:RevaluationReserve2024-02-2913910516core:OtherReservesSubtotal2024-02-2913910516core:RetainedEarningsAccumulatedLosses2024-02-2913910516core:ShareCapital2023-02-2813910516core:SharePremium2023-02-2813910516core:RevaluationReserve2023-02-2813910516core:OtherReservesSubtotal2023-02-2813910516core:RetainedEarningsAccumulatedLosses2023-02-2813910516core:LandBuildings2024-02-2913910516core:PlantMachinery2024-02-2913910516core:Vehicles2024-02-2913910516core:FurnitureFittings2024-02-2913910516core:OfficeEquipment2024-02-2913910516core:NetGoodwill2024-02-2913910516core:IntangibleAssetsOtherThanGoodwill2024-02-2913910516core:ListedExchangeTraded2024-02-2913910516core:UnlistedNon-exchangeTraded2024-02-2913910516core:LandBuildings2023-02-2813910516core:PlantMachinery2023-02-2813910516core:Vehicles2023-02-2813910516core:FurnitureFittings2023-02-2813910516core:OfficeEquipment2023-02-2813910516core:NetGoodwill2023-02-2813910516core:IntangibleAssetsOtherThanGoodwill2023-02-2813910516core:ListedExchangeTraded2023-02-2813910516core:UnlistedNon-exchangeTraded2023-02-2813910516core:LandBuildings2023-03-012024-02-2913910516core:PlantMachinery2023-03-012024-02-2913910516core:Vehicles2023-03-012024-02-2913910516core:FurnitureFittings2023-03-012024-02-2913910516core:OfficeEquipment2023-03-012024-02-2913910516core:NetGoodwill2023-03-012024-02-2913910516core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913910516core:ListedExchangeTraded2023-03-012024-02-2913910516core:UnlistedNon-exchangeTraded2023-03-012024-02-2913910516core:MoreThanFiveYears2023-03-012024-02-2913910516core:Non-currentFinancialInstruments2024-02-2913910516core:Non-currentFinancialInstruments2023-02-2813910516dpl:CostSales2023-03-012024-02-2913910516dpl:DistributionCosts2023-03-012024-02-2913910516core:LandBuildings2023-03-012024-02-2913910516core:PlantMachinery2023-03-012024-02-2913910516core:Vehicles2023-03-012024-02-2913910516core:FurnitureFittings2023-03-012024-02-2913910516core:OfficeEquipment2023-03-012024-02-2913910516dpl:AdministrativeExpenses2023-03-012024-02-2913910516core:NetGoodwill2023-03-012024-02-2913910516core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913910516dpl:GroupUndertakings2023-03-012024-02-2913910516dpl:ParticipatingInterests2023-03-012024-02-2913910516dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2913910516core:ListedExchangeTraded2023-03-012024-02-2913910516dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2913910516core:UnlistedNon-exchangeTraded2023-03-012024-02-2913910516dpl:CostSales2022-02-112023-02-2813910516dpl:DistributionCosts2022-02-112023-02-2813910516core:LandBuildings2022-02-112023-02-2813910516core:PlantMachinery2022-02-112023-02-2813910516core:Vehicles2022-02-112023-02-2813910516core:FurnitureFittings2022-02-112023-02-2813910516core:OfficeEquipment2022-02-112023-02-2813910516dpl:AdministrativeExpenses2022-02-112023-02-2813910516core:NetGoodwill2022-02-112023-02-2813910516core:IntangibleAssetsOtherThanGoodwill2022-02-112023-02-2813910516dpl:GroupUndertakings2022-02-112023-02-2813910516dpl:ParticipatingInterests2022-02-112023-02-2813910516dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-112023-02-2813910516core:ListedExchangeTraded2022-02-112023-02-2813910516dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-112023-02-2813910516core:UnlistedNon-exchangeTraded2022-02-112023-02-2813910516core:NetGoodwill2024-02-2913910516core:IntangibleAssetsOtherThanGoodwill2024-02-2913910516core:LandBuildings2024-02-2913910516core:PlantMachinery2024-02-2913910516core:Vehicles2024-02-2913910516core:FurnitureFittings2024-02-2913910516core:OfficeEquipment2024-02-2913910516core:AfterOneYear2024-02-2913910516core:WithinOneYear2024-02-2913910516core:ListedExchangeTraded2024-02-2913910516core:UnlistedNon-exchangeTraded2024-02-2913910516core:ShareCapital2024-02-2913910516core:SharePremium2024-02-2913910516core:RevaluationReserve2024-02-2913910516core:OtherReservesSubtotal2024-02-2913910516core:RetainedEarningsAccumulatedLosses2024-02-2913910516core:NetGoodwill2023-02-2813910516core:IntangibleAssetsOtherThanGoodwill2023-02-2813910516core:LandBuildings2023-02-2813910516core:PlantMachinery2023-02-2813910516core:Vehicles2023-02-2813910516core:FurnitureFittings2023-02-2813910516core:OfficeEquipment2023-02-2813910516core:AfterOneYear2023-02-2813910516core:WithinOneYear2023-02-2813910516core:ListedExch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ARK PROPERTY (SOUTHWEST) LIMITED

Registered Number
13910516
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

ARK PROPERTY (SOUTHWEST) LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

A C Speedie

Registered Address

The Oakley
Kidderminster Road
Droitwich
WR9 9AY

Registered Number

13910516 (England and Wales)
ARK PROPERTY (SOUTHWEST) LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,2991,369
Investment property4210,000210,000
211,299211,369
Current assets
Debtors519,60013,398
Cash at bank and on hand1,8137,398
21,41320,796
Creditors amounts falling due within one year6(157,611)(128,323)
Net current assets (liabilities)(136,198)(107,527)
Total assets less current liabilities75,101103,842
Creditors amounts falling due after one year7(129,443)(129,443)
Net assets(54,342)(25,601)
Capital and reserves
Called up share capital101100
Profit and loss account(54,443)(25,701)
Shareholders' funds(54,342)(25,601)
The financial statements were approved and authorised for issue by the Director on 28 November 2024, and are signed on its behalf by:
A C Speedie
Director
Registered Company No. 13910516
ARK PROPERTY (SOUTHWEST) LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 232,0532,053
Additions514514
At 29 February 242,5672,567
Depreciation and impairment
At 01 March 23684684
Charge for year584584
At 29 February 241,2681,268
Net book value
At 29 February 241,2991,299
At 28 February 231,3691,369
4.Investment property
The original cost of investment property held is £196,698 (2023: £196,698). The balance shown therefore includes a revaluation gain of £13,302 (2023: £13,302).

£
Fair value at 01 March 23210,000
At 29 February 24210,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors19,60013,398
Total19,60013,398
Other debtors includes a deferred tax asset of £9,600 (2023: £3,398).
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-70
Bank borrowings and overdrafts9,5896,645
Other creditors147,622120,768
Accrued liabilities and deferred income400840
Total157,611128,323
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts129,443129,443
Total129,443129,443
8.Secured creditors
The bank loan of £129,443 is secured over the property to which it relates.
9.Controlling party
The ultimate controlling party is Mr A C Speedie.
10.Further information regarding the company's financial position
The profit and loss account includes £10,775 (2023: £10,775) of non-distributable reserves, relating to the revaluation of investment property.