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COMPANY REGISTRATION NUMBER: 10911455
Arilian Homes 2 Ltd
Filleted Unaudited Accounts
31 August 2024
Arilian Homes 2 Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
2,499
35,065
Current assets
Debtors
6
33,822
33,617
Cash at bank and in hand
15,198
3,836
--------
--------
49,020
37,453
Creditors: amounts falling due within one year
7
( 7,650)
( 22,580)
--------
--------
Net current assets
41,370
14,873
--------
--------
Total assets less current liabilities
43,869
49,938
Provisions
( 475)
( 6,662)
--------
--------
Net assets
43,394
43,276
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
43,294
43,176
--------
--------
Shareholder funds
43,394
43,276
--------
--------
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 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 member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
Arilian Homes 2 Ltd
Statement of Financial Position (continued)
31 August 2024
These accounts were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr. F. Bhundia
Director
Company registration number: 10911455
Arilian Homes 2 Ltd
Notes to the Accounts
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Devonshire House, 582 Honeypot Lane, Stanmore, HA7 1JS.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 September 2023
58,190
4,413
62,603
Additions
999
999
Disposals
( 58,190)
( 58,190)
--------
-------
--------
At 31 August 2024
5,412
5,412
--------
-------
--------
Depreciation
At 1 September 2023
25,458
2,080
27,538
Charge for the year
833
833
Disposals
( 25,458)
( 25,458)
--------
-------
--------
At 31 August 2024
2,913
2,913
--------
-------
--------
Carrying amount
At 31 August 2024
2,499
2,499
--------
-------
--------
At 31 August 2023
32,732
2,333
35,065
--------
-------
--------
6. Debtors
2024
2023
£
£
Other debtors
33,822
33,617
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
316
Corporation tax
6,450
2,238
Social security and other taxes
100
Other creditors
1,200
19,926
-------
--------
7,650
22,580
-------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr. F. Bhundia
12,227
( 6,532)
5,695
--------
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr. F. Bhundia
( 24,290)
36,517
12,227
--------
--------
----
--------