ARC & SONS INVESTMENT GROUP LIMITED 10748941 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true 10748941 2023-06-01 2024-05-31 10748941 2024-05-31 10748941 bus:OrdinaryShareClass1 2024-05-31 10748941 core:CurrentFinancialInstruments 2024-05-31 10748941 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10748941 core:FurnitureFittingsToolsEquipment 2024-05-31 10748941 bus:SmallEntities 2023-06-01 2024-05-31 10748941 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10748941 bus:FilletedAccounts 2023-06-01 2024-05-31 10748941 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10748941 bus:RegisteredOffice 2023-06-01 2024-05-31 10748941 bus:Director1 2023-06-01 2024-05-31 10748941 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 10748941 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10748941 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 10748941 core:PlantMachinery 2023-06-01 2024-05-31 10748941 countries:England 2023-06-01 2024-05-31 10748941 2023-05-31 10748941 core:FurnitureFittingsToolsEquipment 2023-05-31 10748941 2022-06-01 2023-05-31 10748941 2023-05-31 10748941 bus:OrdinaryShareClass1 2023-05-31 10748941 core:CurrentFinancialInstruments 2023-05-31 10748941 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10748941 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10748941

ARC & SONS INVESTMENT GROUP LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

ARC & SONS INVESTMENT GROUP LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

ARC & SONS INVESTMENT GROUP LIMITED

Company Information

Director

Mr A R Choudhury

Registered office

553 Roman Road
London
E3 5EL

 

ARC & SONS INVESTMENT GROUP LIMITED

(Registration number: 10748941)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,882

12,487

Investment property

5

852,055

852,055

 

857,937

864,542

Current assets

 

Debtors

6

100

108,542

Cash at bank and in hand

 

34,101

68,272

 

34,201

176,814

Creditors: Amounts falling due within one year

7

(803,352)

(978,336)

Net current liabilities

 

(769,151)

(801,522)

Net assets

 

88,786

63,020

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

88,686

62,920

Shareholders' funds

 

88,786

63,020

For the financial year ending 31 May 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 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the director on 27 May 2025
 

.........................................
Mr A R Choudhury
Director

 

ARC & SONS INVESTMENT GROUP LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
553 Roman Road
London
E3 5EL

These financial statements were authorised for issue by the director on 27 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.

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.

 

ARC & SONS INVESTMENT GROUP LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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

Plant and machinery

25% on cost

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 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.

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 2 (2023 - 1).

 

ARC & SONS INVESTMENT GROUP LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

26,422

26,422

At 31 May 2024

26,422

26,422

Depreciation

At 1 June 2023

13,935

13,935

Charge for the year

6,605

6,605

At 31 May 2024

20,540

20,540

Carrying amount

At 31 May 2024

5,882

5,882

At 31 May 2023

12,487

12,487

5

Investment properties

2024
£

At 1 June

852,055

At 31 May

852,055

The fair values of investment properties are based on valuations done the the director.

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

20,954

Other debtors

100

87,588

 

100

108,542

 

ARC & SONS INVESTMENT GROUP LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

50,845

Taxation and social security

8,415

665

Accruals and deferred income

62,447

21,374

Other creditors

732,490

905,452

803,352

978,336

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100