REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
ARTHUR ROAD PROPERTIES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
ARTHUR ROAD PROPERTIES LIMITED |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ARTHUR ROAD PROPERTIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Sterling House |
27 Hatchlands Road |
Redhill |
Surrey |
RH1 6RW |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
BALANCE SHEET |
31 AUGUST 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Fair value reserve | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
BALANCE SHEET - continued |
31 AUGUST 2023 |
The financial statements were approved by the director and authorised for issue on |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
1. | STATUTORY INFORMATION |
Arthur Road Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rent receivable. |
Tangible fixed assets |
Office equipment and furniture | - |
Motor vehicles | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
and | Motor |
furniture | vehicles | Totals |
£ | £ | £ |
COST |
At 1 September 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2022 |
and 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
5. | INVESTMENT PROPERTY - continued |
Fair value at 31 August 2023 is represented by: |
£ |
Valuation in 2012 | 1,276,116 |
Valuation in 2015 | (921,923 | ) |
Valuation in 2016 | (183,492 | ) |
Valuation in 2017 | 60,000 |
Valuation in 2018 | (21,971 | ) |
Valuation in 2021 | 779,952 |
Valuation in 2022 | 211,449 |
Cost | 1,924,870 |
3,125,001 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 1,924,870 | 1,880,928 |
Investment properties were valued on an open market basis on 31 August 2023 by the director . |
6. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trust |
Other debtors | - | 2,785 |
Prepayments |
Amounts falling due after more than one year: |
Loan | 882,020 | 882,020 |
Aggregate amounts |
ARTHUR ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 07555438) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Corporation tax |
Other creditors |
Rental deposits | 4,125 | 4,125 |
Trust | 1,469 | 1,469 |
Directors' loan accounts | - | 12,044 |
Accrued expenses |
8. | RESERVES |
Retained | Revaluation | Fair value |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
At 1 September 2022 | 3,845,220 |
Profit for the year | - | - |
Deferred tax provision | - | - | (228,025 | ) | (228,025 | ) |
Reclassification of reserves | - | (1,200,131 | ) | 1,200,131 | - |
At 31 August 2023 | 3,668,573 |