REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Aarnikotka Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) |
( |
) |
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. |
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 |
Aarnikotka Limited (Registered number: 13289881) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Aarnikotka Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
Amounts falling due after more than one year: |
Loan debtor |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Tax |
Directors' current accounts | 11,963,960 | 11,761,360 |
Accrued expenses |
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 | ( |
) |
Profit for the year |
At 31 March 2024 |
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. |