3 13/03/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-13 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC762055 2023-03-13 2024-03-31 SC762055 2024-03-31 SC762055 2023-03-12 SC762055 bus:RegisteredOffice 2023-03-13 2024-03-31 SC762055 bus:OrdinaryShareClass1 2023-03-13 2024-03-31 SC762055 bus:LeadAgentIfApplicable 2023-03-13 2024-03-31 SC762055 bus:Director1 2023-03-13 2024-03-31 SC762055 bus:Director2 2023-03-13 2024-03-31 SC762055 bus:Director3 2023-03-13 2024-03-31 SC762055 core:WithinOneYear 2024-03-31 SC762055 core:ShareCapital 2024-03-31 SC762055 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC762055 bus:OrdinaryShareClass1 core:ShareCapital 2024-03-31 SC762055 bus:SmallEntities 2023-03-13 2024-03-31 SC762055 bus:AuditExempt-NoAccountantsReport 2023-03-13 2024-03-31 SC762055 bus:SmallCompaniesRegimeForAccounts 2023-03-13 2024-03-31 SC762055 bus:PrivateLimitedCompanyLtd 2023-03-13 2024-03-31 SC762055 bus:FullAccounts 2023-03-13 2024-03-31
Company registration number: SC762055
Arta Developments Ltd
Unaudited filleted financial statements
31 March 2024
Dickson Middleton
Chartered Accountants
www.dicksonmiddleton.co.uk
A member firm of the UK 200 Group
Arta Developments Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Arta Developments Ltd
Directors and other information
Directors J King (Appointed 13 March 2023)
J Aitken (Appointed 13 March 2023)
L Aitken (Appointed 13 March 2023)
Company number SC762055
Registered office Unit 7 Birchwood Business Park
Station Wynd
Doune
FK16 6ER
Accountants Dickson Middleton
20 Barnton Street
Stirling
FK8 1NE
Bankers Bank of Scotland
65-69 Murraygate
Dundee
DD1 2EA
Solicitors Macnabs
10 Barossa Place
Perth
PH1 5JX
Arta Developments Ltd
Statement of financial position
31 March 2024
31/03/24
Note £ £
Current assets
Stocks 602,686
Debtors 5 100
Cash at bank and in hand 2,871
_______
605,657
Creditors: amounts falling due
within one year 6 ( 607,650)
_______
Net current liabilities ( 1,993)
_______
Total assets less current liabilities ( 1,993)
_______
Net liabilities ( 1,993)
_______
Capital and reserves
Called up share capital 7 100
Profit and loss account ( 2,093)
_______
Shareholders deficit ( 1,993)
_______
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 March 2025 , and are signed on behalf of the board by:
J King
Director
Company registration number: SC762055
Arta Developments Ltd
Notes to the financial statements
Period ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 7 Birchwood Business Park, Station Wynd, Doune, FK16 6ER.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Taxation
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3
5. Debtors
31/03/24
£
Other debtors 100
_______
6. Creditors: amounts falling due within one year
31/03/24
£
Other creditors 607,650
_______
7. Called up share capital
Issued, called up and fully paid
31/03/24
No £
Ordinary shares of £ 1.00 each 100 100
_______ _______
On incorporation 100 ordinary shares of £1 each were issued at par for cash in order to establish a capital base for the company.
8. Controlling party
No one shareholder has overall control of the company.