Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Other letting and operating of own or leased real estate00truefalse 13888323 2023-04-01 2024-03-31 13888323 2022-04-01 2023-03-31 13888323 2024-03-31 13888323 2023-03-31 13888323 c:Director1 2023-04-01 2024-03-31 13888323 d:Buildings 2023-04-01 2024-03-31 13888323 d:Buildings 2024-03-31 13888323 d:LandBuildings 2024-03-31 13888323 d:CurrentFinancialInstruments 2024-03-31 13888323 d:Non-currentFinancialInstruments 2024-03-31 13888323 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13888323 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 13888323 d:ShareCapital 2023-04-01 2024-03-31 13888323 d:ShareCapital 2024-03-31 13888323 d:ShareCapital 2023-03-31 13888323 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13888323 d:RetainedEarningsAccumulatedLosses 2024-03-31 13888323 d:RetainedEarningsAccumulatedLosses 2023-03-31 13888323 c:FRS102 2023-04-01 2024-03-31 13888323 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13888323 c:FullAccounts 2023-04-01 2024-03-31 13888323 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13888323 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13888323









ARC MERCHANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ARC MERCHANT LIMITED
REGISTERED NUMBER: 13888323

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,005,010

  
1,005,010

Current assets
  

Debtors: amounts falling due after more than one year
 5 
(42,573)

Debtors: amounts falling due within one year
 5 
(40,530)

Cash at bank and in hand
  
8,695

  
(74,408)

Total assets less current liabilities
  
 
 
930,602

Creditors: amounts falling due after more than one year
 7 
(933,793)

  

Net (liabilities)/assets
  
(3,191)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(3,291)

  
(3,191)


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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 3 January 2025.




Nadia Momin Imam
Page 1

 
ARC MERCHANT LIMITED
REGISTERED NUMBER: 13888323
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
ARC MERCHANT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
-
100


Comprehensive income for the year

Loss for the year

-
(3,291)
(3,291)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(3,291)
(3,291)


Total transactions with owners
-
-
-


At 31 March 2024
100
(3,291)
(3,191)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ARC MERCHANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Enter user text here... 

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Freehold property
-

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.

 
2.4

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.

Page 4

 
ARC MERCHANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023: NIL).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
1,005,010



At 31 March 2024

1,005,010






Net book value



At 31 March 2024
1,005,010




The net book value of land and buildings may be further analysed as follows:


2024
£

Freehold
1,005,010

1,005,010



5.


Debtors

2024
£

Due after more than one year
Page 5

 
ARC MERCHANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.Debtors (continued)


Other debtors
(42,573)

(42,573)


2024
£

Due within one year

Other debtors
100

Prepayments and accrued income
(40,630)

(40,530)



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
8,695

8,695



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
676,437

Amounts owed to group undertakings
93,431

Amounts owed to joint ventures
163,925

933,793


Page 6

 
ARC MERCHANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
676,437

676,437

676,437


Page 7