IRIS Accounts Production v25.1.0.734 01790635 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017906352023-08-31017906352024-08-31017906352023-09-012024-08-31017906352022-08-31017906352022-09-012023-08-31017906352023-08-3101790635ns15:EnglandWales2023-09-012024-08-3101790635ns14:PoundSterling2023-09-012024-08-3101790635ns10:Director12023-09-012024-08-3101790635ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101790635ns10:SmallEntities2023-09-012024-08-3101790635ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3101790635ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3101790635ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3101790635ns10:FullAccounts2023-09-012024-08-3101790635ns10:OrdinaryShareClass12023-09-012024-08-3101790635ns10:Director22023-09-012024-08-3101790635ns10:CompanySecretary12023-09-012024-08-3101790635ns10:RegisteredOffice2023-09-012024-08-3101790635ns5:CurrentFinancialInstruments2024-08-3101790635ns5:CurrentFinancialInstruments2023-08-3101790635ns5:Non-currentFinancialInstruments2024-08-3101790635ns5:Non-currentFinancialInstruments2023-08-3101790635ns5:ShareCapital2024-08-3101790635ns5:ShareCapital2023-08-3101790635ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3101790635ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3101790635ns5:RetainedEarningsAccumulatedLosses2024-08-3101790635ns5:RetainedEarningsAccumulatedLosses2023-08-3101790635ns5:PlantMachinery2023-09-012024-08-3101790635ns5:PlantMachinery2023-08-3101790635ns5:PlantMachinery2024-08-3101790635ns5:PlantMachinery2023-08-3101790635ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101790635ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3101790635ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3101790635ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3101790635ns10:OrdinaryShareClass12024-08-3101790635ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-31
REGISTERED NUMBER: 01790635 (England and Wales)















ARENA DEVELOPMENTS LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ARENA DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: V Williams
P Williams





SECRETARY: P Williams





REGISTERED OFFICE: Rowan Cottage
Home Farm Road
Burnhill Green
Wolverhampton
West Midlands
WV6 7HX





REGISTERED NUMBER: 01790635 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investment property 5 689,364 672,021
689,366 672,023

CURRENT ASSETS
Debtors 6 - 3,275
Cash at bank 24,940 13,477
24,940 16,752
CREDITORS
Amounts falling due within one year 7 21,779 11,983
NET CURRENT ASSETS 3,161 4,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

692,527

676,792

CREDITORS
Amounts falling due after more than one
year

8

(55,200

)

(60,700

)

PROVISIONS FOR LIABILITIES (69,321 ) (61,970 )
NET ASSETS 568,006 554,122

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 495,884 553,858
Retained earnings 72,022 164
SHAREHOLDERS' FUNDS 568,006 554,122

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





P Williams - Director


ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

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


1. STATUTORY INFORMATION

Arena Developments 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.

There were no material departures from that standard.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 938
DEPRECIATION
At 1 September 2023
and 31 August 2024 936
NET BOOK VALUE
At 31 August 2024 2
At 31 August 2023 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 672,021
Additions 2,343
Revaluations 15,000
At 31 August 2024 689,364
NET BOOK VALUE
At 31 August 2024 689,364
At 31 August 2023 672,021

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 280,205
Valuation in 2018 50,000
Valuation in 2022 150,000
Valuation in 2023 70,000
Valuation in 2024 15,000
Cost 124,159
689,364

The investment property was valued on an open market basis by the directors.

ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors - 3,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 11,487 5,893
Other creditors 10,292 6,090
21,779 11,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 55,200 60,700

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 55,200 60,700

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1.00 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 September 2023 553,858
Movement in year (57,974 )

At 31 August 2024 495,884

11. RELATED PARTY DISCLOSURES

At the year end, the company owed Bert Williams Properties Limited, an associated company, £55,200 (2023 - £60,700), repayments of £5,500 were made during the year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

ARENA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01790635)

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


13. GOING CONCERN

The directors have considered the period ending 12 months after approving these financial statements and confirm that directors' loan accounts and the associated company loan account balance will not be called in to the detriment of other creditors. For these reasons the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Arena Developments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arena Developments Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arena Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arena Developments Limited and state those matters that we have agreed to state to the Board of Directors of Arena Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arena Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arena Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arena Developments Limited. You consider that Arena Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arena Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


17 April 2025