1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 364,721 364,721 364,721 xbrli:pure xbrli:shares iso4217:GBP 08518628 2023-08-01 2024-07-31 08518628 2024-07-31 08518628 2023-07-31 08518628 2022-08-01 2023-07-31 08518628 2023-07-31 08518628 2022-07-31 08518628 bus:Director1 2023-08-01 2024-07-31 08518628 core:WithinOneYear 2024-07-31 08518628 core:WithinOneYear 2023-07-31 08518628 core:ShareCapital 2024-07-31 08518628 core:ShareCapital 2023-07-31 08518628 core:RetainedEarningsAccumulatedLosses 2024-07-31 08518628 core:RetainedEarningsAccumulatedLosses 2023-07-31 08518628 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 08518628 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 08518628 bus:SmallEntities 2023-08-01 2024-07-31 08518628 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08518628 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08518628 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08518628 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 08518628
ARK PROPERTY MANAGEMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2024
ARK PROPERTY MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
364,721
364,721
CURRENT ASSETS
Debtors
6
4,167
4,167
Cash at bank and in hand
220
2,073
-------
-------
4,387
6,240
CREDITORS: amounts falling due within one year
7
178,014
215,196
---------
---------
NET CURRENT LIABILITIES
173,627
208,956
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
191,094
155,765
---------
---------
NET ASSETS
191,094
155,765
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
1,000
1,000
Profit and loss account
190,094
154,765
---------
---------
SHAREHOLDERS FUNDS
191,094
155,765
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ARK PROPERTY MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 18 February 2025 , and are signed on behalf of the board by:
Mr A J Robinson Director
Company registration number: 08518628
ARK PROPERTY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Park Mount, Harpenden, Hetfordshire, AL5 3AR.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 August 2023 and 31 July 2024
364,721
---------
Depreciation
At 1 August 2023 and 31 July 2024
---------
Carrying amount
At 31 July 2024
364,721
---------
At 31 July 2023
364,721
---------
6. DEBTORS
2024
2023
£
£
Trade debtors
4,167
4,167
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
10,210
8,772
Other creditors
167,804
206,424
---------
---------
178,014
215,196
---------
---------
8. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The directors have advanced monies to the company. At 31 July 2024 the amount due from the company was £144,432 (2023 - £183,140).