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REGISTERED NUMBER: 06318572 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ARKFIELD ESTATES LIMITED

ARKFIELD ESTATES LIMITED (REGISTERED NUMBER: 06318572)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARKFIELD ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr T J Orme





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 06318572 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ARKFIELD ESTATES LIMITED (REGISTERED NUMBER: 06318572)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 999 -
Investment property 5 700,000 700,000
700,999 700,000

CURRENT ASSETS
Debtors 6 529 575
Cash at bank and in hand 101,635 103,279
102,164 103,854
CREDITORS
Amounts falling due within one year 7 453,197 473,602
NET CURRENT LIABILITIES (351,033 ) (369,748 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,966

330,252

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 124,700 124,700
Retained earnings 225,264 205,550
SHAREHOLDERS' FUNDS 349,966 330,252

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

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

ARKFIELD ESTATES LIMITED (REGISTERED NUMBER: 06318572)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





Mr T J Orme - Director


ARKFIELD ESTATES LIMITED (REGISTERED NUMBER: 06318572)

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


1. STATUTORY INFORMATION

Arkfield Estates 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.

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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Computer equipment - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ARKFIELD ESTATES LIMITED (REGISTERED NUMBER: 06318572)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,249
At 31 July 2024 1,249
DEPRECIATION
Charge for year 250
At 31 July 2024 250
NET BOOK VALUE
At 31 July 2024 999

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 700,000
NET BOOK VALUE
At 31 July 2024 700,000
At 31 July 2023 700,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2017 124,700
Cost 575,300
700,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Prepayments 529 575

ARKFIELD ESTATES LIMITED (REGISTERED NUMBER: 06318572)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,226 1,866
Tax 5,727 10,714
Amounts owed to related party 376,817 378,000
Directors' current accounts 66,897 81,384
Accrued expenses 1,530 1,638
453,197 473,602

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary shares 1 2 2

9. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 124,700

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.