Company Registration No. 07145739 (England and Wales)
Arena Global Management Ltd.
Unaudited accounts
for the year ended 31 May 2024
Arena Global Management Ltd.
Unaudited accounts
Contents
Arena Global Management Ltd.
Company Information
for the year ended 31 May 2024
Company Number
07145739 (England and Wales)
Registered Office
STUDIO 160, 3 EDGAR BUILDINGS, GEORGE ST
GEORGE STREET
BATH
SOMERSET
BA1 2FJ
ENGLAND
Accountants
IFS4B Ltd
8 Pitts Croft
Neston
Corsham
Wiltshire
SN13 9ST
Arena Global Management Ltd.
Accountants' report
Accountants' report to the director of Arena Global Management Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Arena Global Management Ltd. for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Arena Global Management Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Arena Global Management Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arena Global Management Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Arena Global Management Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Arena Global Management Ltd.. You consider that Arena Global Management Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Arena Global Management Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
IFS4B Ltd
8 Pitts Croft
Neston
Corsham
Wiltshire
SN13 9ST
31 January 2025
Arena Global Management Ltd.
Statement of financial position
as at 31 May 2024
Tangible assets
52,136
64,037
Cash at bank and in hand
59,166
34,754
Creditors: amounts falling due within one year
(168,225)
(101,834)
Net current liabilities
(10,105)
(3,934)
Total assets less current liabilities
42,031
60,103
Creditors: amounts falling due after more than one year
(35,226)
(55,840)
Called up share capital
3
3
Profit and loss account
6,802
4,260
Shareholders' funds
6,805
4,263
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
J C White
Director
Company Registration No. 07145739
Arena Global Management Ltd.
Notes to the Accounts
for the year ended 31 May 2024
Arena Global Management Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07145739. The registered office is STUDIO 160, 3 EDGAR BUILDINGS, GEORGE ST, GEORGE STREET, BATH, SOMERSET, BA1 2FJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
14,014
73,969
23,561
111,544
Additions
570
-
5,253
5,823
At 31 May 2024
14,584
73,969
28,814
117,367
At 1 June 2023
14,014
15,921
17,572
47,507
Charge for the year
570
10,615
6,539
17,724
At 31 May 2024
14,584
26,536
24,111
65,231
At 31 May 2024
-
47,433
4,703
52,136
At 31 May 2023
-
58,048
5,989
64,037
Arena Global Management Ltd.
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
64,966
27,458
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
10,614
10,614
Trade creditors
80,748
10,640
Taxes and social security
2,300
10,326
Loans from directors
31,162
42,417
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,569
36,183
8
Average number of employees
During the year the average number of employees was 10 (2023: 8).