Registered number
05077297
(England & Wales)
ARIZONA FINANCIAL LIMITED
Directors' report and financial statements
31 March 2024
ARIZONA FINANCIAL LIMITED
Registered number: 05077297
Directors' report
The director presents his report and the financial statements for the year ended 31.03.2024
Principal activities
The company's principal activity during the year under review was that of an activities of head offices
Directors
The following persons served as directors during the year:
Koulountis Michalis
Statement of Director's responsibilities
Director's responsibilities for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standarts and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year.
In preparing these financial statements the directors are required to:
select suitable accounting policies and apply them consistently;
make judgments and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonble steps for the prevention and detection of fraud other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21.03.2025 and signed on its behalf by
Koulountis Michalis
Director
ARIZONA FINANCIAL LIMITED
Statement of comprehensive income
for the year ended 31.03.2024
2024 2023
£ £
Other operating Income 7,449 1,501
Administrartive Expenses (7,621) (17,910)
Operating profit (172) (16,409)
Loss on ordinary activities before taxation (172) (16,409)
Loss for the financial year (172) (16,409)
'Notes' designate corresponding entries in the Detailed Income Statement
ARIZONA FINANCIAL LIMITED
Registered number: 05077297
Statement of financial position
as at 31.03.2024
Notes 2024 2024 2023 2023
£ £ £ £
Fixed assets
Investments - -
- -
Current assets
Loans & Advances 4,457 4,505
Cash at bank and in hand - -
4,457 4,505
Creditors: amounts falling due within one year (17,260) (14,624)
Net current liabilities (12,803) (10,119)
Total assets less current liabilities (12,803) (10,119)
Creditors: amounts falling due after more than one year (266,655) (269,167)
Net assets (279,458) (279,286)
Capital and reserves
Called up share capital 2,559,457 2,559,457
Reserves & Surplus 847,736 847,736
Profit and loss account (3,686,651) (3,686,479)
Shareholders' funds (279,458) (279,286)
a. For the period under review the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to the small companies regime.
b. The members have not required the company to obtain an audit of in accordance with section 476 of the Companies Act 2006.
c. The directors acknowledge their responsibilities under the Companies Act 2006 for:
(1) Ensuring the company keeps accounting records which comply with Section 386; and
(2) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Koulountis Michalis
Director
Approved by the board on 21.03.2025
ARIZONA FINANCIAL LIMITED
Notes to the financial statements
for the year ended 31.03.2024
1 Statement of compliance
These financial statements have been prepeared under the historical cost convention and in compliance with the provisions of FRS 102, Section 1A, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
2 EMPLOYEES
Average number of persons employed by the company 0
ARIZONA FINANCIAL LIMITED 05077297 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 05077297 2022-04-01 2023-03-31 05077297 core:WithinOneYear 2023-03-31 05077297 core:AfterOneYear 2023-03-31 05077297 core:ShareCapital 2023-03-31 05077297 core:RetainedEarningsAccumulatedLosses 2023-03-31 05077297 2023-04-01 2024-03-31 05077297 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05077297 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05077297 bus:Director1 2023-04-01 2024-03-31 05077297 bus:FRS102 2023-04-01 2024-03-31 05077297 bus:FilletedAccounts 2023-04-01 2024-03-31 05077297 2024-03-31 05077297 core:WithinOneYear 2024-03-31 05077297 core:AfterOneYear 2024-03-31 05077297 core:ShareCapital 2024-03-31 05077297 core:RetainedEarningsAccumulatedLosses 2024-03-31 05077297 2023-03-31 iso4217:GBP xbrli:pure