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REGISTERED NUMBER: SC289968 (Scotland)













Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

ARCADE DEVELOPMENTS LIMITED

ARCADE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC289968)






Contents of the Financial Statements
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCADE DEVELOPMENTS LIMITED

Company Information
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTOR: K B Moore





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC289968 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

ARCADE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC289968)

Balance Sheet
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,100,000 3,100,000

CURRENT ASSETS
Cash at bank 9 2

CREDITORS
Amounts falling due within one year 5 1,758,495 902,893
NET CURRENT LIABILITIES (1,758,486 ) (902,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,341,514

2,197,109

CREDITORS
Amounts falling due after more than one
year

6

703,118

1,567,465
NET ASSETS 638,396 629,644

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 54,900 54,900
Retained earnings 583,296 574,544
SHAREHOLDERS' FUNDS 638,396 629,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARCADE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC289968)

Balance Sheet - continued
30 MARCH 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 director and authorised for issue on 10 January 2025 and were signed by:





K B Moore - Director


ARCADE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC289968)

Notes to the Financial Statements
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Arcade Developments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparation
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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors believe the company will generate enough profits to meet its day to day working capital requirements. The financial statements do not include any adjustments which would result from the withdrawal of financial support.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

Fixed asset investments
The fixed asset investment is stated at historic cost. The basis is deemed appropriate by the directors due to the short term fluctuations of the asset value. Any permanent diminution value will be reflected in the financial statements.

ARCADE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC289968)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 30 March 2024 3,100,000
NET BOOK VALUE
At 30 March 2024 3,100,000
At 31 March 2023 3,100,000

Arcade Developments Limited is a member of Arcade Developments Stirling LLP.

Company information re Arcade Developments Stirling LLP :

2024 2023
£ £
Profit for year 59,373 92,545

Total Members interests 3,161,390 3,505,291

Amount owed by Arcade Developments Ltd 1,702,433 753,797


All transactions are made on an arm's length basis.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 80,818
Tax 42,967 55,733
Other creditors 1,702,433 753,797
Accruals and deferred income 13,095 12,545
1,758,495 902,893

ARCADE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC289968)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 169,491
Bank loans - 2-5 years - 254,235
Bank loans more 5 yr by instal - 85,968
Directors' current accounts 703,118 1,057,771
703,118 1,567,465

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 85,968

The director will not request repayment of his current account unless the company is in a position to do so without jeopardising the company's ability to operate within its agreed facilities.

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 590,512

The bank loan and overdraft facilities are secured by a bond and floating charge over the assets and undertakings of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200