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Registered number: 10238916
Artesian Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10238916
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,013,151 1,020,398
1,013,151 1,020,398
CURRENT ASSETS
Debtors 5 1,252 8,690
Cash at bank and in hand 30,466 137,201
31,718 145,891
Creditors: Amounts Falling Due Within One Year 6 (85,627 ) (89,999 )
NET CURRENT ASSETS (LIABILITIES) (53,909 ) 55,892
TOTAL ASSETS LESS CURRENT LIABILITIES 959,242 1,076,290
Creditors: Amounts Falling Due After More Than One Year 7 (891,625 ) (1,105,587 )
NET ASSETS/(LIABILITIES) 67,617 (29,297 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 67,517 (29,397 )
SHAREHOLDERS' FUNDS 67,617 (29,297)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Mumtaz Lalani
Director
13 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Artesian Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10238916 . The registered office is 7G Mobbs Miller House, Christchurch Road, Northampton, NN1 5LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.
Rendering of services
Turnover from the rendering of services is recognised by reference to the dates on which the services are substantially rendered.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives. Freehold property is not depreciated as it is maintained to a standard such that estimated net residual value is in excess of historical cost.
Freehold See note above
Fixtures & Fittings 10 - 20% straight line
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 941,099 164,447 1,105,546
Additions 1,100 870 1,970
As at 30 June 2024 942,199 165,317 1,107,516
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 - 85,148 85,148
Provided during the period - 9,217 9,217
As at 30 June 2024 - 94,365 94,365
Net Book Value
As at 30 June 2024 942,199 70,952 1,013,151
As at 1 July 2023 941,099 79,299 1,020,398
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,090 994
Other debtors 162 -
VAT - 7,696
1,252 8,690
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,633
VAT 11,211 -
Other creditors 292 924
Accruals and deferred income 74,124 87,442
85,627 89,999
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,000 180,000
Other loans 175,200 175,200
Directors loan account 711,425 750,387
891,625 1,105,587
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 5,000 180,000
Page 4
Page 5
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a charge over part of the freehold property of the company.
2024 2023
£ £
Bank loans and overdrafts 5,000 180,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5