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Registration number: 13137698

Arthouse Developments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Arthouse Developments Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 9

 

Arthouse Developments Limited

Company Information

Director

Mr S Dancer

Registered office

Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

Accountants

Elysium
Chartered AccountantsUnit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Arthouse Developments Limited

(Registration number: 13137698)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

1,500,000

1,500,000

Current assets

 

Debtors

5

3,768

-

Cash at bank and in hand

 

6,567

6,705

 

10,335

6,705

Creditors: Amounts falling due within one year

6

(318,376)

(329,737)

Net current liabilities

 

(308,041)

(323,032)

Total assets less current liabilities

 

1,191,959

1,176,968

Creditors: Amounts falling due after more than one year

6

(896,970)

(896,969)

Provisions for liabilities

(67,169)

(67,169)

Net assets

 

227,820

212,830

Capital and reserves

 

Called up share capital

7

100

100

Other reserves

8

226,533

226,533

Retained earnings

1,187

(13,803)

Shareholders' funds

 

227,820

212,830

For the financial year ending 31 January 2025 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 accounts 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 accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 16 May 2025
 

.........................................
Mr S Dancer
Director

 

Arthouse Developments Limited

Statement of Changes in Equity for the Year Ended 31 January 2025

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 February 2024

100

226,533

(13,804)

212,829

Profit for the year

-

-

14,991

14,991

At 31 January 2025

100

226,533

1,187

227,820

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 February 2023

1

-

(11,768)

(11,767)

Profit for the year

-

-

224,498

224,498

Other comprehensive income

-

226,533

(226,533)

-

Total comprehensive income

-

226,533

(2,035)

224,498

New share capital subscribed

99

-

-

99

At 31 January 2024

100

226,533

(13,803)

212,830

 

Arthouse Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

These financial statements were authorised for issue by the director on 16 May 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Arthouse Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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.

Investment property

Investment properties are carried at their fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.



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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Arthouse Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Investment properties

2025
£

At 1 February

1,500,000

At 31 January

1,500,000

On 1 February 2023, the property valued at £661,071 and previously classified as freehold land and buildings was reclassified as an investment property.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2025
£

2024
£

Prepayments

3,768

-

 

3,768

-

 

Arthouse Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

100,896

200,896

Taxation and social security

 

279

-

Accruals and deferred income

 

1,100

3,600

Other creditors

 

216,101

125,241

 

318,376

329,737

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

896,970

896,969

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £1 each

60

60

60

60

Ordinary B of £1 each

20

20

20

20

Ordinary C of £1 each

20

20

20

20

100

100

100

100

8

Reserves

Fair value gains arising on the revaluation of the company's investment properties are unrealised and are therefore not distributable. Included within Other Reserves at the year-end is £226,533, being the gain on revaluation, net of deferred taxation.

 

Arthouse Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

403,604

403,604

Other borrowings

493,366

493,365

896,970

896,969

 

Arthouse Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Current loans and borrowings

2025
£

2024
£

Bank borrowings

100,896

200,896