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Registration number: 11261746

Archos Investments Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Archos Investments Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Archos Investments Limited

Company Information

Director

D Eikosipentarchos

Registered office

236 Old Christchurch Road
Bournemouth
BH1 1PE

Accountants

Keith Powers FCA
Chartered Accountant51 Burridge Road
Southampton
SO31 1BY

 

Archos Investments Limited

(Registration number: 11261746)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,231,855

1,096,314

Current assets

 

Debtors

1,000

11,687

Cash at bank and in hand

 

51,879

9,086

 

52,879

20,773

Creditors: Amounts falling due within one year

(10,769)

(10,420)

Net current assets

 

42,110

10,353

Total assets less current liabilities

 

1,273,965

1,106,667

Creditors: Amounts falling due after more than one year

(887,205)

(732,557)

Accruals and deferred income

 

(8,550)

(8,550)

Net assets

 

378,210

365,560

Capital and reserves

 

Called up share capital

5

1

1

Revaluation reserve

342,167

342,167

Retained earnings

36,042

23,392

Shareholders' funds

 

378,210

365,560

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Archos Investments Limited

(Registration number: 11261746)
Abridged Balance Sheet as at 31 March 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 March 2025
 

.........................................
D Eikosipentarchos
Director

 

Archos Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
236 Old Christchurch Road
Bournemouth
BH1 1PE

These financial statements were authorised for issue by the director on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Archos Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Investment property

Investment properties are not depreciated as it is considered that the increase in market value will compensate for any loss in value through wear and tear.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Archos Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Archos Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Properties under construction
 £

Total
£

Cost or valuation

At 1 April 2023

1,550

4,800

1,093,914

1,100,264

Additions

-

-

135,541

135,541

At 31 March 2024

1,550

4,800

1,229,455

1,235,805

Depreciation

At 1 April 2023

-

2,400

-

2,400

Charge for the year

350

1,200

-

1,550

At 31 March 2024

350

3,600

-

3,950

Carrying amount

At 31 March 2024

1,200

1,200

1,229,455

1,231,855

At 31 March 2023

-

2,400

1,093,914

1,096,314

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

342,167

342,167

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

 

Archos Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

342,167

342,167

7

Related party transactions

Summary of transactions with other related parties

The company is under the control of the director, D Eikospentarchos, who owns 100% of the issued equity share capital.
Included in loans and borrowings is an amount loaned to the company by the director of £597,003 (2023:- £491,125). The loan is unsecured, free of interest and has no fixed terms of repayment.

Also included in loans and borrowings is an amount of £130,065 (2023:- £218,565) due to companies under the control of the director. These loans are unsecured, free of interest and have no fixed terms of repayment.


Except as disclosed elsewhere in these accounts, there were no transactions with related parties requiring disclosure in terms of S1a of FRS102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, or the Companies Act, 2006.