Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302025-05-072024-09-302023-10-01falseNo description of principal activity00falsefalsefalse 12974482 2023-10-01 2024-09-30 12974482 2022-10-01 2023-09-30 12974482 2024-09-30 12974482 2023-09-30 12974482 2022-10-01 12974482 2 2023-10-01 2024-09-30 12974482 2 2022-10-01 2023-09-30 12974482 5 2023-10-01 2024-09-30 12974482 5 2022-10-01 2023-09-30 12974482 d:CompanySecretary1 2023-10-01 2024-09-30 12974482 d:Director1 2023-10-01 2024-09-30 12974482 d:Director2 2023-10-01 2024-09-30 12974482 d:RegisteredOffice 2023-10-01 2024-09-30 12974482 d:Agent1 2023-10-01 2024-09-30 12974482 e:CurrentFinancialInstruments 2024-09-30 12974482 e:CurrentFinancialInstruments 2023-09-30 12974482 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 12974482 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 12974482 e:ShareCapital 2024-09-30 12974482 e:ShareCapital 2023-09-30 12974482 e:ShareCapital 2022-10-01 12974482 e:SharePremium 2024-09-30 12974482 e:SharePremium 2023-09-30 12974482 e:SharePremium 2022-10-01 12974482 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 12974482 e:RetainedEarningsAccumulatedLosses 2024-09-30 12974482 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 12974482 e:RetainedEarningsAccumulatedLosses 2023-09-30 12974482 e:RetainedEarningsAccumulatedLosses 2022-10-01 12974482 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 12974482 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12974482 e:TaxLossesCarry-forwardsDeferredTax 2024-09-30 12974482 e:TaxLossesCarry-forwardsDeferredTax 2023-09-30 12974482 d:OrdinaryShareClass1 2023-10-01 2024-09-30 12974482 d:OrdinaryShareClass1 2024-09-30 12974482 d:FRS102 2023-10-01 2024-09-30 12974482 d:Audited 2023-10-01 2024-09-30 12974482 d:FullAccounts 2023-10-01 2024-09-30 12974482 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12974482 6 2023-10-01 2024-09-30 12974482 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 12974482












ARCUS INVESTMENT HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 

ARCUS INVESTMENT HOLDINGS LIMITED
 
COMPANY INFORMATION


Directors
Mark Pearson 
Lucy King 




Company secretary
Prism Cosec Limited



Registered number
12974482



Registered office
Highdown House
Yeoman Way

Worthing

West Sussex

BN99 3HH




Independent auditor
Blick Rothenberg Audit LLP

16 Great Queen Street

London

WC2B 5AH




Bankers
Barclays plc
13 Library Place

St Helier

Jersey

JE4 8NE





 

ARCUS INVESTMENT HOLDINGS LIMITED

DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Results and dividends

The profit for the year, after taxation, amounted to £5,039,481 (2023: £5,634,413).

Directors

The directors who served during the year were:

Mark Pearson 
Lucy King 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditors

Under section 487(2) of the Companies Act 2006Blick Rothenberg Audit LLP will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

Page 1

 

ARCUS INVESTMENT HOLDINGS LIMITED

DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 30 April 2025 and signed on its behalf.
 





Lucy King
Director

Page 2

 

ARCUS INVESTMENT HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ARCUS INVESTMENT HOLDINGS LIMITED
 FOR THE YEAR ENDED 30 SEPTEMBER 2024

Opinion

We have audited the financial statements of Arcus Investment Holdings Limited (the 'Company') for the year ended 30 September 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the Company's affairs as at 30 September 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 3

 

ARCUS INVESTMENT HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ARCUS INVESTMENT HOLDINGS LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 4

 

ARCUS INVESTMENT HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ARCUS INVESTMENT HOLDINGS LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, our procedures included the following: enquiring of management concerning the Company’s policies with regards identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the Company’s policies detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the Company’s policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the Company operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the Company. The key laws and regulations we considered in this context included the UK Companies Act 2006 and applicable tax legislation.
One particular focus area was the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the Company for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Page 5

 

ARCUS INVESTMENT HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ARCUS INVESTMENT HOLDINGS LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Shaun Melvin (Senior Statutory Auditor)
for and on behalf of
Blick Rothenberg Audit LLP
Statutory Auditor
16 Great Queen Street
London
WC2B 5AH

7 May 2025
Page 6

 

ARCUS INVESTMENT HOLDINGS LIMITED
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Administrative expenses
  
(14,683)
(29,918)

Operating loss
 3 
(14,683)
(29,918)

Fair value movements
 7 
6,752,870
7,545,905

Profit before tax
  
6,738,187
7,515,987

Tax on profit
 6 
(1,698,706)
(1,881,574)

Profit for the financial year
  
5,039,481
5,634,413

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 11 to 16 form part of these financial statements.

Page 7


 
REGISTERED NUMBER:12974482
ARCUS INVESTMENT HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Fixed asset investments
 7 
61,210,944
54,458,074

Current assets
  

Debtors
  
1
1

Cash at bank and in hand
  
2,444
3,758

  
2,445
3,759

Creditors: amounts falling due within one year
 8 
(47,380)
(34,011)

Net current liabilities
  
 
 
(44,935)
 
 
(30,252)

Total assets less current liabilities
  
61,166,009
54,427,822

Provisions for liabilities
  

Deferred tax
 9 
(7,049,352)
(5,350,646)

Net assets
  
54,116,657
49,077,176


Capital and reserves
  

Called up share capital 
 10 
1
1

Share premium account
  
40,782,973
40,782,973

Profit and loss account
  
13,333,683
8,294,202

  
54,116,657
49,077,176


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 April 2025.




Lucy King
Director

The notes on pages 11 to 16 form part of these financial statements.

Page 8

 

ARCUS INVESTMENT HOLDINGS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 October 2022
1
40,782,973
2,659,789
43,442,763



Profit for the year
-
-
5,634,413
5,634,413



At 1 October 2023
1
40,782,973
8,294,202
49,077,176



Profit for the year
-
-
5,039,481
5,039,481


At 30 September 2024
1
40,782,973
13,333,683
54,116,657


The notes on pages 11 to 16 form part of these financial statements.

Page 9

 

ARCUS INVESTMENT HOLDINGS LIMITED

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
5,039,481
5,634,413

Adjustments for:

Taxation charge
1,698,706
1,881,574

Increase in creditors
13,369
5,409

Revaluation of investments
(6,752,870)
(7,545,905)

Net cash generated from operating activities
(1,314)
(24,509)

Cash flows from investing activities

Purchase of unlisted and other investments
-
(491,651)

Sale of unlisted and other investments
-
508,128

Net cash from investing activities
-
16,477

Net (decrease) in cash and cash equivalents
(1,314)
(8,032)

Cash and cash equivalents at beginning of year
3,758
11,790

Cash and cash equivalents at the end of year
2,444
3,758


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
2,444
3,758

2,444
3,758


Page 10

 

ARCUS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Arcus Investment Holdings Limited is a private limited company registered in England and Wales. The Company's registered address is Highdown House, Yeoman Way, Worthing, West Sussex, BN99 3HH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Management are also required to exercise judgement in applying the Company's accounting policies. Due to the straightforward nature of the business, management consider that no critical judgements have been made in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. Having reviewed the financial projections of the Company, the Directors consider it has sufficient cash resources to meet its financial obligations for a period of at least 12 months from the date of approval of these financial statements. The Company has a strong balance sheet, and in the event of stressed scenarios the fixed asset investments are sufficiently liquid to ensure the Company is able to meet its liabilities as they fall due.

 
2.3

Valuation of investments

Investments in unlisted shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period.

 
2.4

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.
All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The Company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.
The Company's cash holdings comprise on demand balances and all cash is held with banks with strong external credit ratings.
Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the Company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

Page 11

 

ARCUS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of income and retained earnings.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 12

 

ARCUS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Operating loss

The operating loss is stated after charging:

Year ended 30 September 2024
Year ended 30 September 2023
£
£

Exchange differences
-
16,269


4.


Auditor's remuneration

During the year, the Company obtained the following services from the Company's auditor and its associates:


2024
2023
£
£

Fees payable to the Company's auditor and its associates for the audit of the Company's financial statements
6,300
4,920

Fees payable to the Company's auditor and its associates in respect of:

All non-audit services not included above
2,820
2,120


5.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.


6.


Taxation


2024
2023
£
£



Total current tax
-
-

Deferred tax


Deferred tax
1,698,706
1,881,574


Tax on profit
1,698,706
1,881,574
Page 13

 

ARCUS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
6.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023: higher than) the standard rate of corporation tax in the UK of 25% (2023: 25%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
6,738,187
7,515,987


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023: 25%)
1,684,547
1,878,997

Effects of:


Short-term timing difference leading to an increase (decrease) in taxation
10,489
(4,902)

Group relief
3,670
7,479

Total tax charge for the year
1,698,706
1,881,574


7.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 October 2023
54,458,074


Revaluations
6,752,870



At 30 September 2024
61,210,944





8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
39,208
27,891

Accruals and deferred income
8,172
6,120

47,380
34,011


Page 14

 

ARCUS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(5,350,646)


Charged to profit or loss
(1,698,706)



At end of year
(7,049,352)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gains on fixed asset investments
(7,659,310)
(5,960,604)

Capital losses available to offset future gains
609,958
609,958

(7,049,352)
(5,350,646)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


11.


Analysis of net debt




At 1 October 2023
Cash flows
At 30 September 2024
£

£

£

Cash at bank and in hand

3,758

(1,314)

2,444


3,758
(1,314)
2,444

Page 15

 

ARCUS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Related party transactions

At the balance sheet date, the Company owed £39,208 (2023: £27,891) to Arcus Investment Limited, a company under common control.


13.


Controlling party

The immediate and ultimate parent undertaking is Arcus Jersey Limited, a company incorporated in Jersey.
There is no ultimate controlling party.


14.


Subsequent events

The directors have evaluated all subsequent transactions and events after 30 September 2024 through to the date that these financial statements were signed and no additional items require disclosure or adjustment in the financial statements.

Page 16