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REGISTERED NUMBER: 02853836















ARLINGCLOSE LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Strategic Report 1

Report of the Directors 3

Report of the Independent Auditors 5

Profit and Loss Account 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Financial Statements 14


ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their strategic report for the year ended 30 June 2024.

REVIEW OF BUSINESS
The principal activities of the company are treasury management advisory and capital finance consultancy services. This includes treasury risk management, technical and accounting services, project finance and the structuring and funding of assets.

While the UK economy experienced low growth and above-target inflation (GDP growth 0.9% and CPI inflation 2.8% in the year to June 2024), the company prospered. Turnover increased by 1.5% to £4,481,430 (2023 increase of 4.9% to £4,414,640) while profit before tax decreased 1.0% to £1,927,501 (2023 increase of 11.0% to £1,947,215) as administrative expenses grew more quickly than turnover. In particular, following high inflation in the prior year, payroll costs increased to attract and retain quality staff to ensure delivery of the highest quality of service to clients.

Arlingclose continues to be carbon neutral, and we once again offset more than our estimated in-year emissions, through schemes which plant trees in schools across all regions of the UK, having previously offset all of our estimated historic carbon emissions.

The company is committed to training and development, and to that end appointed three apprentices during the year to study the CIPFA professional accountancy qualification.

The board of directors would like to record its gratitude for the continuing support of the company's loyal clients alongside the efforts and commitment of its hard-working employees.

The company's MIFIDPRU 8 disclosure information, as required by the Financial Conduct Authority, is available by contacting its London office.


ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

FUTURE DEVELOPMENTS
Arlingclose faces the continuing challenges of a sluggish domestic economy and the climate emergency. Through agility and adaptability we endeavour to meet these challenges and prosper. Effective delivery of a premium, quality service will remain the key objective for the company.

Embracing new ways of working improves the service we provide to our clients, and assists in reducing our carbon footprint which remains a key strategic objective.

Interest rates remain much higher than in the recent past although they are beginning to be lowered and these, alongside continuous changes to the capital finance framework for our local government clients, will continue to provide opportunities for the company to provide additional advice to new and existing clients to help them navigate this period of economic and regulatory uncertainty.

Arlingclose will ensure that it has the resources available to respond to clients' demands and will continue to employ quality staff to help in the delivery of added value services.

ON BEHALF OF THE BOARD:





M J Pickering - Director


8 October 2024

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

RESULTS FOR THE YEAR
The profit on ordinary activities after taxation for the year was £1,607,473 (2023 profit £1,645,014).

DIVIDENDS
The total distribution of dividends for the year ended 30 June 2024 was £1,736,775.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

M J Pickering
D A Blake
D A Green
M Swallow

DISCLOSURE IN THE STRATEGIC REPORT
Information relating to future developments as required to be disclosed in the Report of the Directors is included in the Strategic Report in accordance with Companies Act s414C(11).

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


AUDITORS
The auditors, H L Barnes, Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M J Pickering - Director


8 October 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ARLINGCLOSE LIMITED

Opinion
We have audited the financial statements of Arlingclose Limited (the 'company') for the year ended 30 June 2024 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ARLINGCLOSE LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ARLINGCLOSE LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussion with the Board and management involved in the Risk and Compliance functions of the Company, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Evaluation and testing of the Board and senior management's controls, designed to prevent and detect irregularities. Assessment of management's investigation into any such reported matters and enquiry of those responsible for investigating suspected or alleged fraudulent activity within the company. Reading key correspondence with the Financial Conduct Authority, including those in relation to compliance with laws and regulations.

Reviewing relevant correspondence between the Board, management and staff.

Designing audit procedures to incorporate unpredictability around the nature, timing, or extent of our testing. The audit procedures include, but are not limited to, identifying and testing journal entries based on risk criteria, identifying and testing transactions entered into outside the normal course of the Company's business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ARLINGCLOSE LIMITED

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Robert Bowen BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of H L Barnes, Statutory Auditors
Barclays Bank Chambers
Stratford upon Avon
Warwickshire
CV37 6AH

8 October 2024

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

TURNOVER 4,481,430 4,414,640

Administrative expenses 2,608,063 2,480,856
OPERATING PROFIT 4 1,873,367 1,933,784

Investments market value
movements

5

19,675

4,342
1,893,042 1,938,126

Interest receivable and similar
income

34,459

9,089
PROFIT BEFORE TAXATION 1,927,501 1,947,215

Tax on profit 6 320,028 302,201
PROFIT FOR THE FINANCIAL YEAR 1,607,473 1,645,014

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,607,473 1,645,014


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,607,473

1,645,014

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 8,852 15,772
Investments 10 100 100
8,952 15,872

CURRENT ASSETS
Debtors 11 1,627,287 1,710,818
Investments 12 1,296,573 1,412,841
Cash at bank 409,209 263,553
3,333,069 3,387,212
CREDITORS
Amounts falling due within one year 13 2,389,929 2,320,906
NET CURRENT ASSETS 943,140 1,066,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,092

1,082,178

PROVISIONS FOR LIABILITIES 15 2,213 2,997
NET ASSETS 949,879 1,079,181

CAPITAL AND RESERVES
Called up share capital 16 830 830
Share premium 67,070 67,070
Capital redemption reserve 380,040 380,040
Retained earnings 501,939 631,241
SHAREHOLDERS' FUNDS 949,879 1,079,181

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




M J Pickering - Director D A Green - Director




D A Blake - Director M Swallow - Director


ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 July 2022 830 795,627 67,070 380,040 1,243,567

Changes in equity
Dividends - (1,809,400 ) - - (1,809,400 )
Total comprehensive income - 1,645,014 - - 1,645,014
Balance at 30 June 2023 830 631,241 67,070 380,040 1,079,181

Changes in equity
Dividends - (1,736,775 ) - - (1,736,775 )
Total comprehensive income - 1,607,473 - - 1,607,473
Balance at 30 June 2024 830 501,939 67,070 380,040 949,879

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 18 1,841,390 2,130,669
Tax paid (326,339 ) (344,749 )
Net cash from operating activities 1,515,051 1,785,920

Cash flows from investing activities
Purchase of tangible fixed assets (5,320 ) (2,008 )
Purchase of current asset investments (34,057 ) (8,238 )
Disposal of current asset investments 695,000 -
Additions to current asset investments (525,000 ) (1,300,000 )
Interest received 34,459 9,089
Group undertakings current account 202,298 618,596
Net cash from investing activities 367,380 (682,561 )

Cash flows from financing activities
Equity dividends paid (1,736,775 ) (1,809,400 )
Net cash from financing activities (1,736,775 ) (1,809,400 )

Increase/(decrease) in cash and cash equivalents 145,656 (706,041 )
Cash and cash equivalents at
beginning of year

19

263,553

969,594

Cash and cash equivalents at end
of year

19

409,209

263,553

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Arlingclose Limited is a private company limited by shares. The company is registered in England under number 02853836 and the address of the registered office is Barclays Bank Chambers, Stratford-upon-Avon, CV37 6AH. The company's place of business is The Clement Rooms, 217 Strand, London, WC2R 1AT.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the value of services provided to customers with revenue being recognised with respect to these services as contractual activity progresses, excluding value added tax and sales of fixed assets. The turnover is derived wholly from the principal activity within the United Kingdom.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & equipment - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred except for projects where the expense is a part of the capital cost of the project.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Leasing
Rentals payable under operating leases are charged on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,743,745 1,642,081
Social security costs 221,757 209,157
Other pension costs 176,882 160,495
2,142,384 2,011,733

The average number of employees during the year was as follows:
2024 2023

Directors 4 4
Advisors 13 13
17 17

2024 2023
£    £   
Directors' remuneration 763,375 737,219
Directors' pension contributions to money purchase schemes 79,000 72,500

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 4 4

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 225,741 227,690
Pension contributions to money purchase schemes 40,000 36,250

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 6,922 9,221
Loss on disposal of fixed assets 5,318 -
Auditors' remuneration 9,000 9,000
Rent of land and buildings 60,000 13,961

5. INVESTMENTS MARKET VALUE MOVEMENTS

See note 12 for Current Asset Investments held at market value.

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 322,470 303,112
Adjustments in respect of previous years (1,658 ) 459
Total current tax 320,812 303,571

Deferred tax (784 ) (1,370 )
Tax on profit 320,028 302,201

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,927,501 1,947,215
Profit multiplied by the standard rate of corporation tax in the
UK of 25% (2023 - 19%)

481,875

369,971

Effects of:
Expenses not deductible for tax purposes 643 4,396
Utilisation of tax losses (153,377 ) (100,268 )
Adjustments to tax charge in respect of previous periods (1,545 ) 459
qualifying for capital
Increase in tax rate 946 29,208
Unrealised market value gains (8,514 ) (1,565 )
Total tax charge 320,028 302,201

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 10p each
- dividends paid during the year. 1,736,775 1,809,400

8. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 50,000 278,590 328,590
AMORTISATION
At 1 July 2023
and 30 June 2024 50,000 278,590 328,590
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 6,815 37,224 52,305 96,344
Additions - 1,500 3,820 5,320
Disposals - (34,971 ) (17,036 ) (52,007 )
At 30 June 2024 6,815 3,753 39,089 49,657
DEPRECIATION
At 1 July 2023 6,815 31,524 42,233 80,572
Charge for year - 470 6,452 6,922
Eliminated on disposal - (29,653 ) (17,036 ) (46,689 )
At 30 June 2024 6,815 2,341 31,649 40,805
NET BOOK VALUE
At 30 June 2024 - 1,412 7,440 8,852
At 30 June 2023 - 5,700 10,072 15,772

10. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

The company owns the whole of the issued Ordinary share capital of Arlingclose Services Limited, a dormant company which has not traded since incorporation.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 873,406 665,274
Amounts owed by group undertakings 449,134 651,432
Other debtors 70,369 134,490
Prepayments and accrued income 234,378 259,622
1,627,287 1,710,818

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. CURRENT ASSET INVESTMENTS

2024 2023
£ £
Listed investments - Liquidity Funds

At Cost
1 July 2023 1,058,238 -
Additions 525,000 1,050,000
Withdrawals 695,000 -
Distribution reinvestment 34,057 8,238
30 June 2024 922,295 1,058,238
Listed investments - Other

At Market Value
1 July 2023 354,603 100,261
Additions - 250,000
Withdrawals - -
Market value movement 19,675 4,342
30 June 2024 374,278 354,603
1,296,573 1,412,841

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,108 52,611
Amounts owed to group undertakings 100 100
Corporation tax 70,127 75,654
Social security and other taxes 344,614 386,367
Other creditors 27,132 26,894
Accruals and deferred income 1,890,848 1,779,280
2,389,929 2,320,906

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 60,000 56,429
Between one and five years 5,000 65,000
65,000 121,429

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,213 2,997

Deferred
tax
£   
Balance at 1 July 2023 2,997
Credit to Profit and Loss Account during year (784 )
Balance at 30 June 2024 2,213

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,300 Ordinary 10p 830 830

The Ordinary shares have full voting rights and the right to participate in profits by way of dividend and on winding up. Full details are set out in the Articles of Association dated 10 May 2021.

17. RELATED PARTY DISCLOSURES

The ultimate holding company is Arlingclose Holdings Limited as at 30 June 2024. The results of the company are included in the consolidated financial statements of Arlingclose Holdings Limited, which are available from Barclays Bank Chambers, Stratford-upon-Avon, Warwickshire, CV37 6AH.

18. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 1,927,501 1,947,215
Depreciation charges 6,922 9,221
Loss on disposal of fixed assets 5,318 -
Investments market value movements (19,675 ) (4,342 )
Finance income (34,459 ) (9,089 )
1,885,607 1,943,005
Increase in trade and other debtors (118,767 ) (49,826 )
Increase in trade and other creditors 74,550 237,490
Cash generated from operations 1,841,390 2,130,669

ARLINGCLOSE LIMITED (REGISTERED NUMBER: 02853836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

19. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 409,209 263,553
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 263,553 969,594


20. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank 263,553 145,656 409,209
263,553 145,656 409,209

Liquid resources
Current asset investments 1,412,841 (116,268 ) 1,296,573
1,412,841 (116,268 ) 1,296,573
Total 1,676,394 29,388 1,705,782