Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11997777 2023-01-01 2023-12-31 11997777 2022-01-01 2022-12-31 11997777 2023-12-31 11997777 2022-12-31 11997777 c:Director1 2023-01-01 2023-12-31 11997777 c:RegisteredOffice 2023-01-01 2023-12-31 11997777 d:FreeholdInvestmentProperty 2023-12-31 11997777 d:FreeholdInvestmentProperty 2022-12-31 11997777 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 11997777 d:CurrentFinancialInstruments 2023-12-31 11997777 d:CurrentFinancialInstruments 2022-12-31 11997777 d:Non-currentFinancialInstruments 2023-12-31 11997777 d:Non-currentFinancialInstruments 2022-12-31 11997777 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11997777 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11997777 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11997777 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11997777 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11997777 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11997777 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11997777 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11997777 d:ShareCapital 2023-12-31 11997777 d:ShareCapital 2022-12-31 11997777 d:InvestmentPropertiesRevaluationReserve 2023-12-31 11997777 d:InvestmentPropertiesRevaluationReserve 2022-12-31 11997777 d:RetainedEarningsAccumulatedLosses 2023-12-31 11997777 d:RetainedEarningsAccumulatedLosses 2022-12-31 11997777 d:OtherDeferredTax 2023-12-31 11997777 d:OtherDeferredTax 2022-12-31 11997777 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11997777 c:OrdinaryShareClass1 2023-12-31 11997777 c:OrdinaryShareClass1 2022-12-31 11997777 c:OrdinaryShareClass2 2023-01-01 2023-12-31 11997777 c:OrdinaryShareClass2 2023-12-31 11997777 c:OrdinaryShareClass2 2022-12-31 11997777 c:FRS102 2023-01-01 2023-12-31 11997777 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11997777 c:FullAccounts 2023-01-01 2023-12-31 11997777 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11997777










ARBRIS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARBRIS LIMITED
 

COMPANY INFORMATION


Director
N Hasani 




Registered number
11997777



Registered office
8th Floor South Reading Bridge House

George Street

Reading

Berkshire

RG1 8LS




Accountants
James Cowper Kreston
Chartered Accountants

Reading Bridge House

George Street

Reading

Berkshire

RG1 8LS





 
ARBRIS LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 7

 
ARBRIS LIMITED
REGISTERED NUMBER: 11997777

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
700,000
592,770

  
700,000
592,770

Current assets
  

Debtors: amounts falling due within one year
 5 
7,898
2,576

Cash at bank and in hand
  
146,487
4,511

  
154,385
7,087

Creditors: amounts falling due within one year
 6 
(200,313)
(186,432)

Net current liabilities
  
 
 
(45,928)
 
 
(179,345)

Total assets less current liabilities
  
654,072
413,425

Creditors: amounts falling due after more than one year
 7 
(527,692)
(400,593)

Provisions for liabilities
  

Deferred tax
 9 
(26,808)
-

  
 
 
(26,808)
 
 
-

Net assets
  
99,572
12,832


Capital and reserves
  

Called up share capital 
 10 
100
100

Investment property reserve
  
80,422
-

Profit and loss account
  
19,050
12,732

  
99,572
12,832


The director considers 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 director acknowledges his 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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

 
Page 1

 
ARBRIS LIMITED
REGISTERED NUMBER: 11997777

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Hasani
Director
Date: 29 November 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ARBRIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Arbris Limited is a private company, limited by shares, registered in England and Wales. The registered office is 8th Floor South Reading Bridge House, George Street, Reading, RG1 8LS.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Page 3

 
ARBRIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director. No depreciation is provided. Changes in fair value 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.

Page 4

 
ARBRIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
592,770


Surplus on revaluation
107,230



At 31 December 2023
700,000

The 2023 valuations were made by the director, on an open market value for existing use basis.



If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
592,770
592,770


5.


Debtors

2023
2022
£
£


Other debtors
7,898
2,576



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
31,500
21,500

Trade creditors
-
858

Corporation tax
5,311
3,829

Other taxation and social security
2,666
1,675

Other creditors
152,574
150,383

Accruals and deferred income
8,262
8,187

200,313
186,432


Page 5

 
ARBRIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
527,692
400,593


The following liabilities were secured:

2023
2022
£
£



Bank loans
559,192
422,093

Details of security provided:

Bank loans are secured by the investment property.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
31,500
21,500

Amounts falling due 1-2 years

Bank loans
31,500
21,500

Amounts falling due 2-5 years

Bank loans
496,192
379,093


559,192
422,093



9.


Deferred taxation




2023


£






Charged to profit or loss
(26,808)



At end of year
(26,808)

Page 6

 
ARBRIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
9.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Capital gains
(26,808)
-


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



75 (2022 - 75) Ordinary A shares of £1.00 each
75
75
25 (2022 - 25) Ordinary B shares of £1.00 each
25
25

100

100



11.


Related party transactions

As at 31 December 2023, the director owed £7,798 (2022: £2,476) to the company.
Included in other creditors is £152,574 (2022: £150,383) owed to Oliver & Hasani Limited. During the year rent of £40,000 (2022: £40,000) was receivable from Oliver & Hasani Limited. Oliver & Hasani Limited is a company in which the director, N Hasani, is a director and shareholder.


12.


Controlling party

The company is controlled by N Hasani  who is the sole director and majority shareholder.

Page 7