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REGISTERED NUMBER: 06504942 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ARC COMMERCIAL LIMITED

ARC COMMERCIAL LIMITED (REGISTERED NUMBER: 06504942)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARC COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: L S Wykes
P G Timpson



SECRETARY: Mrs L A Wykes



REGISTERED OFFICE: Second Floor South
The Fitted Rigging House
Anchor Wharf, The Historic Dockyard
Chatham
Kent
ME4 4TZ



REGISTERED NUMBER: 06504942 (England and Wales)



ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ



BANKERS: Lloyds Bank plc
78 New Road
Gravesend
Kent
DA11 0AR

ARC COMMERCIAL LIMITED (REGISTERED NUMBER: 06504942)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 575 157
Investment property 5 430,358 406,749
430,933 406,906

CURRENT ASSETS
Debtors 6 6,130 695
Cash at bank and in hand 839 845
6,969 1,540
CREDITORS
Amounts falling due within one year 7 119,550 63,851
NET CURRENT LIABILITIES (112,581 ) (62,311 )
TOTAL ASSETS LESS CURRENT LIABILITIES 318,352 344,595

CREDITORS
Amounts falling due after more than one year 8 (203,894 ) (203,894 )

PROVISIONS FOR LIABILITIES - (717 )
NET ASSETS 114,458 139,984

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 92,215 92,215
Retained earnings 22,143 47,669
SHAREHOLDERS' FUNDS 114,458 139,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ARC COMMERCIAL LIMITED (REGISTERED NUMBER: 06504942)

BALANCE SHEET - continued
31 MAY 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 24 February 2025 and were signed on its behalf by:





L S Wykes - Director


ARC COMMERCIAL LIMITED (REGISTERED NUMBER: 06504942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Arc Commercial Limited 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.

Turnover
Turnover represents rental income on the letting of the company's freehold and leasehold property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ARC COMMERCIAL LIMITED (REGISTERED NUMBER: 06504942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1 8,864 8,865
Additions - 610 610
At 31 May 2024 1 9,474 9,475
DEPRECIATION
At 1 June 2023 - 8,708 8,708
Charge for year - 192 192
At 31 May 2024 - 8,900 8,900
NET BOOK VALUE
At 31 May 2024 1 574 575
At 31 May 2023 1 156 157

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 406,749
Additions 23,609
At 31 May 2024 430,358
NET BOOK VALUE
At 31 May 2024 430,358
At 31 May 2023 406,749

Included in fair value of investment property is freehold land of £ 50,000 (2023 - £ 50,000 ) which is not depreciated.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2009 15,976
Valuation in 2013 (20,000 )
Valuation in 2015 30,000
Valuation in 2016 20,000
Valuation in 2017 25,000
Valuation in 2018 15,000
Valuation in 2019 (25,000 )
Valuation in 2021 20,000
Valuation in 2022 9,248
Cost 340,134
430,358

ARC COMMERCIAL LIMITED (REGISTERED NUMBER: 06504942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 340,134 316,525

Investment property was valued on an open market basis on 31 May 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,130 695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 119,550 63,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 203,894 203,894

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 203,894 203,894

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 203,894 203,894

The mortgage is secured by a charge over the freehold investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100