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Registered number: 06726370









ARISTEIA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ARISTEIA LTD
REGISTERED NUMBER: 06726370

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,530
7,835

  
8,530
7,835

Current assets
  

Debtors: amounts falling due within one year
 6 
1,059
8,913

Cash at bank and in hand
 7 
683
10,944

  
1,742
19,857

Creditors: amounts falling due within one year
 8 
(38,202)
(59,015)

Net current liabilities
  
 
 
(36,460)
 
 
(39,158)

Total assets less current liabilities
  
(27,930)
(31,323)

Creditors: amounts falling due after more than one year
 9 
(15,000)
(25,000)

  

Net liabilities
  
(42,930)
(56,323)


Capital and reserves
  

Called up share capital 
  
500
500

Profit and loss account
  
(43,430)
(56,823)

  
(42,930)
(56,323)


Page 1

 
ARISTEIA LTD
REGISTERED NUMBER: 06726370
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2024.



Louisa Byng
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARISTEIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Aristeia Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, United Kingdom, NW3 5JS.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises income from the provision of project management and interior design services. Revenue is recognised in the income statement in the period that it is contracually due and is measured as the fair value of the consideration received or receivable, exclusive of value added tax and discounts.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ARISTEIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance
Office equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

31 March
01 October 2022 to
31 March
2024
2023
£
£

Wages and salaries
9,100
10,850

9,100
10,850


The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 4

 
ARISTEIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Dividends




5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
1,350
14,337
15,687


Additions
-
1,870
1,870



At 31 March 2024

1,350
16,207
17,557



Depreciation


At 1 April 2023
124
7,728
7,852


Charge for the year on owned assets
184
991
1,175



At 31 March 2024

308
8,719
9,027



Net book value



At 31 March 2024
1,042
7,488
8,530



At 31 March 2023
1,226
6,609
7,835

Page 5

 
ARISTEIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
5,210

Other debtors
969
3,593

Prepayments and accrued income
90
110

1,059
8,913



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
683
10,944

683
10,944



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bounce back loan
10,000
10,000

Trade creditors
-
13,673

Other taxation and social security
323
-

Other creditors
24,379
30,342

Accruals and deferred income
3,500
5,000

38,202
59,015



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bounce back loan
15,000
25,000

15,000
25,000


Page 6

 
ARISTEIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Bounce back loan


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bounce back loan
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bounce back loan
15,000
25,000


15,000
25,000


25,000
35,000



11.


Transactions with directors

At the year-end, the company owed £24,379 to the directors (2022: £30,342). This is an interest free loan and repayable on demand.

 
Page 7