Company Registration No. SC574772 (Scotland)
Arc Property Sales And Lettings Ltd
Unaudited accounts
for the year ended 31 August 2024
Arc Property Sales And Lettings Ltd
Unaudited accounts
Contents
Arc Property Sales And Lettings Ltd
Company Information
for the year ended 31 August 2024
Directors
Nicholas Ponty
Nicholas Edward Ponty
Company Number
SC574772 (Scotland)
Registered Office
47 Old Bar Crescent
Glasgow
G53 7AT
United Kingdom
Accountants
TW Accounting Services LTD
650 Stirling Road
Luggiebank
Cumbernauld
G67 4AB
Arc Property Sales And Lettings Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
3,924
2,943
Cash at bank and in hand
258,951
169,999
Creditors: amounts falling due within one year
(84,752)
(73,916)
Net current assets
161,951
101,740
Total assets less current liabilities
165,875
104,683
Provisions for liabilities
Net assets
164,892
103,947
Called up share capital
1
1
Profit and loss account
164,891
103,946
Shareholders' funds
164,892
103,947
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
Nicholas Edward Ponty
Director
Company Registration No. SC574772
Arc Property Sales And Lettings Ltd
Notes to the Accounts
for the year ended 31 August 2024
Arc Property Sales And Lettings Ltd is a private company, limited by shares, registered in Scotland, registration number SC574772. The registered office is 47 Old Bar Crescent, Glasgow, G53 7AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
3 Years Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
614
7,486
8,100
At 31 August 2024
764
10,195
10,959
At 1 September 2023
112
5,045
5,157
Charge for the year
85
1,793
1,878
At 31 August 2024
197
6,838
7,035
At 31 August 2024
567
3,357
3,924
At 31 August 2023
502
2,441
2,943
Arc Property Sales And Lettings Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,760
2,950
Taxes and social security
27,844
15,011
Loans from directors
42,373
42,865
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).