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REGISTERED NUMBER: 05699280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Arcwest Ltd

Arcwest Ltd (Registered number: 05699280)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Arcwest Ltd (Registered number: 05699280)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,500,000

CURRENT ASSETS
Debtors 5 818,788 624,582

CREDITORS
Amounts falling due within one year 6 98,001 96,739
NET CURRENT ASSETS 720,787 527,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,220,787

2,027,843

PROVISIONS FOR LIABILITIES 222,626 221,896
NET ASSETS 1,998,161 1,805,947

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 593,620 593,620
Retained earnings 1,404,441 1,212,227
1,998,161 1,805,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:




Mr T N Philpot - Director


Arcwest Ltd (Registered number: 05699280)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Arcwest Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05699280

Registered office: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

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.

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 Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

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

Arcwest Ltd (Registered number: 05699280)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,500,000
NET BOOK VALUE
At 31 August 2024 1,500,000
At 31 August 2023 1,500,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2009 240,000
Valuation in 2013 (20,000 )
Valuation in 2016 470,785
Valuation in 2019 809,215
1,500,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 710,785 710,785

Investment property was valued on an open market basis on 31 August 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 817,899 623,791
Other debtors 889 791
818,788 624,582

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 4,425 4,702
Other creditors 93,576 92,037
98,001 96,739

7. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 593,620