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REGISTERED NUMBER: 10267134 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

ARRO PROPERTIES LTD

ARRO PROPERTIES LTD (REGISTERED NUMBER: 10267134)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARRO PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Mr A K Arrowsmith





REGISTERED OFFICE: 92, Station Lane
Hornchurch
Essex
RM12 6LX





BUSINESS ADDRESS: 9 Hillwood Grove
Hutton
Brentwood
Essex
CM13 2PF





REGISTERED NUMBER: 10267134 (England and Wales)





ACCOUNTANTS: S.D. Garner + Co Limited
Chartered Certified Accountants
92 Station Lane
Hornchurch
Essex
RM12 6LX

ARRO PROPERTIES LTD (REGISTERED NUMBER: 10267134)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 47,833 63,777
Investments 5 3,129,605 3,500,000
Investment property 6 3,334,780 3,297,026
6,512,218 6,860,803

CURRENT ASSETS
Debtors 7 9,190 7,822
Cash at bank 1,259,331 1,389,845
1,268,521 1,397,667
CREDITORS
Amounts falling due within one year 8 12,274 87,591
NET CURRENT ASSETS 1,256,247 1,310,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,768,465

8,170,879

PROVISIONS FOR LIABILITIES 11,958 15,944
NET ASSETS 7,756,507 8,154,935

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,756,506 8,154,934
SHAREHOLDERS' FUNDS 7,756,507 8,154,935

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

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

The director acknowledges his 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.

ARRO PROPERTIES LTD (REGISTERED NUMBER: 10267134)

BALANCE SHEET - continued
31ST JULY 2024


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 director and authorised for issue on 31st March 2025 and were signed by:





Mr A K Arrowsmith - Director


ARRO PROPERTIES LTD (REGISTERED NUMBER: 10267134)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Arro Properties Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ARRO PROPERTIES LTD (REGISTERED NUMBER: 10267134)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st August 2023 102,044 8,127 110,171
Disposals - (2,082 ) (2,082 )
At 31st July 2024 102,044 6,045 108,089
DEPRECIATION
At 1st August 2023 38,267 8,127 46,394
Charge for year 15,944 - 15,944
Eliminated on disposal - (2,082 ) (2,082 )
At 31st July 2024 54,211 6,045 60,256
NET BOOK VALUE
At 31st July 2024 47,833 - 47,833
At 31st July 2023 63,777 - 63,777

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023 3,500,000
Additions 892,366
Disposals (1,262,761 )
At 31st July 2024 3,129,605
NET BOOK VALUE
At 31st July 2024 3,129,605
At 31st July 2023 3,500,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 3,297,026
Additions 37,754
At 31st July 2024 3,334,780
NET BOOK VALUE
At 31st July 2024 3,334,780
At 31st July 2023 3,297,026

ARRO PROPERTIES LTD (REGISTERED NUMBER: 10267134)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 858 672
Prepayments 8,332 7,150
9,190 7,822

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 3,113 78,366
Other creditors 4,123 3,924
Rents received in advance 3,109 3,684
Directors' current accounts 1,929 1,617
12,274 87,591

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments of £406,170.25 in respect of the acquisition of investment properties.
The following charges are held:-

Bridgewater Wharf Ltd - Block E. Unit 307. Bridgewater Wharf Apartments. Ordsall Lane. Salford. M5 3WH.
Bridgewater Wharf Ltd - Block E. Unit 106, Bridgewater Wharf Apartments. Ordsall Lane. Salford. M5 3WH