1 September 2023 false No description of principal activity Taxfiler 2024.6 SC574772business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC5747722023-08-31 SC5747722023-09-012024-08-31 SC574772business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC574772business:FilletedAccounts2023-09-012024-08-31 SC5747722024-08-31 SC574772business:Director12023-09-012024-08-31 SC574772business:Director22023-09-012024-08-31 SC574772business:RegisteredOffice2023-09-012024-08-31 SC5747722023-08-31 SC574772core:WithinOneYear2024-08-31 SC574772core:WithinOneYear2023-08-31 SC574772core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC574772core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC574772core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC574772core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC574772core:PreviouslyStatedAmount2024-08-31 SC574772core:PreviouslyStatedAmount2023-08-31 SC574772business:SmallEntities2023-09-012024-08-31 SC574772countries:Scotland2023-09-012024-08-31 SC574772core:FurnitureFittings2023-09-012024-08-31 SC574772core:ComputerEquipment2023-09-012024-08-31 SC574772core:FurnitureFittings2023-08-31 SC574772core:ComputerEquipment2023-08-31 SC574772core:FurnitureFittings2024-08-31 SC574772core:ComputerEquipment2024-08-31 SC5747722022-09-012023-08-31 iso4217:GBP xbrli:pure
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
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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
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Arc Property Sales And Lettings Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,924 
2,943 
Current assets
Debtors
(12,248)
5,657 
Cash at bank and in hand
258,951 
169,999 
246,703 
175,656 
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
Deferred tax
(983)
(736)
Net assets
164,892 
103,947 
Capital and reserves
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
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Arc Property Sales And Lettings Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
150 
2,709 
2,859 
At 31 August 2024
764 
10,195 
10,959 
Depreciation
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 
Net book value
At 31 August 2024
567 
3,357 
3,924 
At 31 August 2023
502 
2,441 
2,943 
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Arc Property Sales And Lettings Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
843 
4,782 
Other debtors
(13,091)
875 
(12,248)
5,657 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,469 
9,004 
Trade creditors
2,760 
2,950 
Taxes and social security
27,844 
15,011 
Other creditors
306 
2,310 
Loans from directors
42,373 
42,865 
Accruals
- 
1,776 
84,752 
73,916 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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