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REGISTERED NUMBER: 13289881 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Aarnikotka Limited

Aarnikotka Limited (Registered number: 13289881)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aarnikotka Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs H Owen
W J Owen
Miss H R Owen





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 13289881 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Aarnikotka Limited (Registered number: 13289881)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,394,849 5,336,131

CURRENT ASSETS
Debtors 5 319,926 319,866
Cash at bank 6,481,365 5,985,009
6,801,291 6,304,875
CREDITORS
Amounts falling due within one year 6 12,005,387 11,772,824
NET CURRENT LIABILITIES (5,204,096 ) (5,467,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,753

(131,818

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 190,653 (131,918 )
190,753 (131,818 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mrs H Owen - Director


Aarnikotka Limited (Registered number: 13289881)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aarnikotka Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Valuation of investments
Listed investments held as fixed assets are stated at open market value. In accordance with Financial Reporting Standard 102, any surplus or deficit arising on revaluation of the investments is charged to the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Aarnikotka Limited (Registered number: 13289881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 5,336,131
Additions 1,118,571
Disposals (1,253,940 )
Revaluations 194,087
At 31 March 2024 5,394,849
NET BOOK VALUE
At 31 March 2024 5,394,849
At 31 March 2023 5,336,131

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2024 5,394,849

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Prepayments 2,036 1,976

Amounts falling due after more than one year:
Loan debtor 317,890 317,890

Aggregate amounts 319,926 319,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 31,927 1,964
Directors' current accounts 11,963,960 11,761,360
Accrued expenses 9,500 9,500
12,005,387 11,772,824

Aarnikotka Limited (Registered number: 13289881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

The called up share capital in the company is as follows.

£

20 Management Shares of £1 each 20

10 Preferred A Shares of £1 each 10

12 Deferred A Shares of £1 each 12

10 Preferred B Shares of £1 each 10

12 Deferred B Shares of £1 each 12

10 Preferred C Shares of £1 each 10

8 Deferred C Shares of £1 each 8

10 Preferred D Shares of £1 each 10

8 Deferred D Shares of £1 each 8

In total 100 shares of £1 each totalling £100 are in issue.

The rights attaching to each share class are as follows:

Management shares: voting rights of one vote per share, eligible for any income distribution, not eligible for any capital distribution and non-redeemable.

Preferred A shares: non-voting shares but eligible for income distributions declared from time to time for the cub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up-up) and the shares are not redeemable.

Preferred B shares: non-voting shares but eligible for income distributions declared from time to time for the cub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up-up) and the shares are not redeemable.

Preferred C shares: non-voting shares but eligible for income distributions declared from time to time for the cub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up-up) and the shares are not redeemable.

Deferred A shares: non-voting shares with no entitlement distributions declared from the time to time for that sub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up) and the shares are not redeemable.

Deferred B shares: non-voting shares with no entitlement distributions declared from the time to time for that sub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up) and the shares are not redeemable.

Deferred C shares: non-voting shares with no entitlement distributions declared from the time to time for that sub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up) and the shares are not redeemable.

Deferred D shares: non-voting shares with no entitlement distributions declared from the time to time for that sub class of share at the full discretion of the board of the company. There is no entitlement to capital distributions (whether or not on a winding up) and the shares are not redeemable.

Aarnikotka Limited (Registered number: 13289881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (131,918 )
Profit for the year 322,571
At 31 March 2024 190,653

9. RELATED PARTY DISCLOSURES

At 31 March 2024 the company was owed a sum of £15,390 (2023: £15,390) from Carbon Fingerprint Ltd. W J Owen is a director and majority shareholder of Carbon Fingerprint Ltd.

10. ULTIMATE CONTROLLING PARTY

The directors are of the opinion that no one party or individual has ultimate control over the company.