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
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Directors |
J King |
(Appointed 13 March 2023) |
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J Aitken |
(Appointed 13 March 2023) |
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L Aitken |
(Appointed 13 March 2023) |
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Company number |
SC762055 |
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Registered office |
Unit 7 Birchwood Business Park |
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Station Wynd |
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Doune |
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FK16 6ER |
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Accountants |
Dickson Middleton |
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20 Barnton Street |
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Stirling |
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FK8 1NE |
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Arta Developments Ltd
Statement of financial position
31 March 2024
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31/03/24 |
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Note |
£ |
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£ |
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Current assets |
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Stocks |
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602,686 |
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Debtors |
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5 |
100 |
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Cash at bank and in hand |
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2,871 |
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_______ |
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605,657 |
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Creditors: amounts falling due |
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within one year |
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6 |
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607,650) |
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_______ |
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Net current liabilities |
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1,993) |
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_______ |
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Total assets less current liabilities |
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(
1,993) |
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_______ |
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Net liabilities |
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(
1,993) |
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_______ |
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Capital and reserves |
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Called up share capital |
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7 |
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100 |
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Profit and loss account |
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(
2,093) |
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_______ |
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Shareholders deficit |
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(
1,993) |
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_______ |
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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:
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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;
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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
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31/03/24 |
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£ |
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Other debtors |
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100 |
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_______ |
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6.
Creditors: amounts falling due within one year
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31/03/24 |
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£ |
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Other creditors |
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607,650 |
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_______ |
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7.
Called up share capital
Issued, called up and fully paid
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31/03/24 |
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No |
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£ |
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Ordinary shares of £
1.00 each |
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100 |
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100 |
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_______ |
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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.