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Registration number: 05116143

Arch Premier Properties Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2023

 

Arch Premier Properties Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Arch Premier Properties Limited

Company Information

Director

Mr C Parris

Registered office

26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

 

Arch Premier Properties Limited

(Registration number: 05116143)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

635,591

635,695

Current assets

 

Debtors

5

86,224

85,404

Cash at bank and in hand

 

2,623

4,351

 

88,847

89,755

Creditors: Amounts falling due within one year

(40,235)

(18,738)

Net current assets

 

48,612

71,017

Total assets less current liabilities

 

684,203

706,712

Creditors: Amounts falling due after more than one year

(582,565)

(587,629)

Accruals and deferred income

 

(6,397)

(4,088)

Net assets

 

95,241

114,995

Capital and reserves

 

Called up share capital

6

1

1

Other reserves

203,779

203,779

Retained earnings

(108,539)

(88,785)

Shareholders' funds

 

95,241

114,995

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 November 2024
 

 

Arch Premier Properties Limited

(Registration number: 05116143)
Abridged Balance Sheet as at 30 June 2023

.........................................
Mr C Parris
Director

 

Arch Premier Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

These financial statements were authorised for issue by the director on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Arch Premier Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Not amortised

Furniture and fittings

15% reducing balance

Investment property

Investment property is a property held to earn rentals and/or for capital appreciation. The investment property is initially measured at cost, including transaction costs. Subsequently, the investment property whose fair value can be measured reliably without cost or effort on an ongoing basis is measured at fair value. Gains and losses arising from changes in the fair value of investment property is included in the profit or loss account in the period in which they arise.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

635,001

5,473

640,474

At 30 June 2023

635,001

5,473

640,474

Depreciation

At 1 July 2022

-

4,779

4,779

Charge for the year

-

104

104

At 30 June 2023

-

4,883

4,883

Carrying amount

At 30 June 2023

635,001

590

635,591

At 30 June 2022

635,001

694

635,695

Included within the net book value of land and buildings above is £635,001 (2022 - £635,001) in respect of freehold land and buildings.
 

 

Arch Premier Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1

1

1

1