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Registration number: 14009228 (England and Wales)

ArcherhouseW1 Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

ArcherhouseW1 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

ArcherhouseW1 Limited

Company Information

Director

Mr Sanjay Joshi

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

 

ArcherhouseW1 Limited

(Registration number: 14009228) (England and Wales)
Balance Sheet as at 31 March 2024

Note

2024
£

Provisional 2023
£

Fixed assets

 

Tangible assets

4

26,313

-

Investment property

5

553,519

544,870

 

579,832

544,870

Current assets

 

Debtors

6

1,875

-

Cash at bank and in hand

 

45,375

27,788

 

47,250

27,788

Creditors: Amounts falling due within one year

7

(226,345)

(172,965)

Net current liabilities

 

(179,095)

(145,177)

Total assets less current liabilities

 

400,737

399,693

Creditors: Amounts falling due after more than one year

7

(413,112)

(413,083)

Net liabilities

 

(12,375)

(13,390)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(12,475)

(13,490)

Shareholders' deficit

 

(12,375)

(13,390)

For the financial year ending 31 March 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 his 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.

 

ArcherhouseW1 Limited

(Registration number: 14009228) (England and Wales)
Balance Sheet as at 31 March 2024 (continued)

The financial statements were approved and authorised for issue by the director on 22 April 2025
 

.........................................
Mr Sanjay Joshi
Director

   
     
 

ArcherhouseW1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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 22 April 2025.

Provisional Accounts
We note that accounts for the year ended 31 March 2024 have had to be prepared and filed while there is a dispute and a live appeal in place with HMRC in relation to the form and tax effect of a past transaction for an Associated company. Once that appeal is concluded, we acknowledge that these accounts and YE March 23 accounts may need to be amended. The basis of filing the accounts does not indicate agreement or otherwise with HMRC’s position.

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.

Going concern

At the time of approving these financial statements, the directors is confident that the company has adequate resources to continue in operational existence for the foreseeable future and is willing to provide the necessary financial support as necessary and accordingly these financial statements have been prepared on a going concern basis.

 

ArcherhouseW1 Limited

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

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental income and related 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:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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

Motor Vehicle

20% on straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

 

ArcherhouseW1 Limited

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

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

ArcherhouseW1 Limited

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

2

Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.


 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2023: 1).

 

ArcherhouseW1 Limited

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

4

Tangible assets

Motor vehicles
 £

Cost

Additions

27,698

At 31 March 2024

27,698

Depreciation

Charge for the year

1,385

At 31 March 2024

1,385

Carrying amount

At 31 March 2024

26,313

5

Investment properties

2024
£

At 1 April

544,870

Additions

8,649

At 31 March

553,519

 

ArcherhouseW1 Limited

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

6

Debtors

2024
£

Provisional 2023
£

Prepayments

1,875

-

1,875

-

7

Creditors

Creditors: amounts falling due within one year

2024
£

Provisional 2023
£

Due within one year

Loans and borrowings

7,763

7,763

Trade creditors

164,004

164,004

Accruals and deferred income

17,657

1,198

Other creditors

21,734

-

Directors current account

15,187

-

226,345

172,965

Creditors: amounts falling due after more than one year

2024
£

Provisional 2023
£

Due after one year

Loans and borrowings

413,112

413,083

8

Share capital

Allotted, called up and fully paid shares

2024

Provisional 2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100