Arkas Investments Limited 11811013 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of provision of consulting services to property developers. Digita Accounts Production Advanced 6.30.9574.0 true 11811013 2024-01-01 2024-12-31 11811013 2024-12-31 11811013 bus:OrdinaryShareClass1 2024-12-31 11811013 core:CurrentFinancialInstruments 2024-12-31 11811013 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11811013 core:FurnitureFittingsToolsEquipment 2024-12-31 11811013 bus:SmallEntities 2024-01-01 2024-12-31 11811013 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11811013 bus:FilletedAccounts 2024-01-01 2024-12-31 11811013 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11811013 bus:RegisteredOffice 2024-01-01 2024-12-31 11811013 bus:Director2 2024-01-01 2024-12-31 11811013 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11811013 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11811013 bus:Agent1 2024-01-01 2024-12-31 11811013 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 11811013 core:OfficeEquipment 2024-01-01 2024-12-31 11811013 countries:EnglandWales 2024-01-01 2024-12-31 11811013 core:FurnitureFittingsToolsEquipment 2023-12-31 11811013 2023-01-01 2023-12-31 11811013 2023-12-31 11811013 bus:OrdinaryShareClass1 2023-12-31 11811013 core:CurrentFinancialInstruments 2023-12-31 11811013 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11811013 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 11811013 core:FurnitureFittingsToolsEquipment 2023-12-31 11811013 core:PreviouslyStatedAmount 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11811013 (England and Wales)

Arkas Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Arkas Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Arkas Investments Limited

Company Information

Director

Mrs Sangita Anand

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Accountants

Aventus Partners Limited
Chartered AccountantsHygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Arkas Investments Limited

(Registration number: 11811013) (England and Wales)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,667

16,890

Current assets

 

Debtors

5

292

62,441

Cash at bank and in hand

 

69,455

31,672

 

69,747

94,113

Creditors: Amounts falling due within one year

6

(49,991)

(83,045)

Net current assets

 

19,756

11,068

Net assets

 

32,423

27,958

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

32,323

27,858

Shareholders' funds

 

32,423

27,958

For the financial year ending 31 December 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 financial statements for the year in question in accordance with section 476; and

The director acknowledges her 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. 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.

The financial statements were approved and authorised for issue by the director on 5 March 2025
 

.........................................
Mrs Sangita Anand
Director

   
     
 

Arkas Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the director on 5 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 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 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.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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:

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

 

Arkas Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

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

Office equipment

25% on reducing balance

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.

 

Arkas Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 2 (2023: 3).

 

Arkas Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Cost

At 1 January 2024

27,141

At 31 December 2024

27,141

Depreciation

At 1 January 2024

10,252

Charge for the year

4,222

At 31 December 2024

14,474

Carrying amount

At 31 December 2024

12,667

At 31 December 2023

16,890

5

Debtors

2024
£

2023
£

Trade debtors

-

36,000

Other debtors

292

21,738

Prepayments

-

4,703

292

62,441

 

Arkas Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,440

8,530

Taxation and social security

-

1,223

Corporation tax payable

1,901

537

Accruals and deferred income

11,650

72,170

Other creditors

25,000

585

49,991

83,045

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100