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REGISTERED NUMBER: 06163713 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARDEN PROPERTY LTD.

ARDEN PROPERTY LTD. (REGISTERED NUMBER: 06163713)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARDEN PROPERTY LTD.

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D M Sofizade
Mrs S A Sofizade





SECRETARY: Mrs S A Sofizade





REGISTERED OFFICE: 10 London Mews
London
LONDON
W2 1HY





REGISTERED NUMBER: 06163713 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

ARDEN PROPERTY LTD. (REGISTERED NUMBER: 06163713)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 750,000 750,000
750,000 750,000

CURRENT ASSETS
Debtors 6 1,412 3,669
Cash at bank 3,021 15,828
4,433 19,497
CREDITORS
Amounts falling due within one year 7 313,277 267,936
NET CURRENT LIABILITIES (308,844 ) (248,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,156

501,561

CREDITORS
Amounts falling due after more than one
year

8

424,102

424,102
NET ASSETS 17,054 77,459

CAPITAL AND RESERVES
Called up share capital 10 1,001 1,001
Retained earnings 16,053 76,458
SHAREHOLDERS' FUNDS 17,054 77,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ARDEN PROPERTY LTD. (REGISTERED NUMBER: 06163713)

BALANCE SHEET - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





D M Sofizade - Director


ARDEN PROPERTY LTD. (REGISTERED NUMBER: 06163713)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Arden Property Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
After reviewing the company's forecasts and projections, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% straight line

Investment property
In accordance with FRS102, section 1a, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties are transferred to the profit and loss account.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ARDEN PROPERTY LTD. (REGISTERED NUMBER: 06163713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,908
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,908
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 750,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 69,857
Valuation in 2022 93,220
Cost 586,923
750,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,412 3,669

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 313,277 267,936

ARDEN PROPERTY LTD. (REGISTERED NUMBER: 06163713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 424,102 424,102

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 424,102 424,102

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 424,102 424,102

Paragon Bank PLC holds a legal charge over the investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
1 B share £1 1 1
1,001 1,001

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D M Sofizade and Mrs S A Sofizade
Balance outstanding at start of year 1,149 52,903
Amounts advanced - 249
Amounts repaid - (52,003 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,149 1,149

12. RELATED PARTY DISCLOSURES

At the year end the company owes £132,915 (2023 - £102,915) to Your Apartment North London Limited, £165,000 (2023 - £150,000) to Top Tier Bridging Ltd and £7,277 (2023 - £7,277) to Arden North Limited. These loans are included in other creditors.

The directors controls all these companies.