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REGISTERED NUMBER: 02354524 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: Mr G J May
Mrs S V May





SECRETARY: Mrs S V May





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 02354524 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,849 4,369
Investment property 5 3,465,661 3,428,773
3,468,510 3,433,142

CURRENT ASSETS
Stocks 6 65,459 -
Debtors 7 38,490 70,535
Cash at bank and in hand 24,249 19,372
128,198 89,907
CREDITORS
Amounts falling due within one year 8 203,853 157,594
NET CURRENT LIABILITIES (75,655 ) (67,687 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,392,855 3,365,455

CREDITORS
Amounts falling due after more than
one year

9

(214,691

)

(236,182

)

PROVISIONS FOR LIABILITIES (475,874 ) (476,068 )
NET ASSETS 2,702,290 2,653,205

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 2,214,891 2,214,891
Retained earnings 487,299 438,214
SHAREHOLDERS' FUNDS 2,702,290 2,653,205

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

BALANCE SHEET - continued
31 January 2024


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 11 June 2025 and were signed on its behalf by:





Mr G J May - Director


ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Arrow Estates & Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rents receivable represents net amounts receivable for rents and management services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Plant & office equipment - 25% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant &
Motor office
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 25,845 36,600 62,445
DEPRECIATION
At 1 February 2023 22,395 35,681 58,076
Charge for year 862 658 1,520
At 31 January 2024 23,257 36,339 59,596
NET BOOK VALUE
At 31 January 2024 2,588 261 2,849
At 31 January 2023 3,450 919 4,369

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,428,773
Additions 36,888
At 31 January 2024 3,465,661
NET BOOK VALUE
At 31 January 2024 3,465,661
At 31 January 2023 3,428,773

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 1,190,129
Valuation in 2021 1,500,000
Valuation in 2023 738,644
3,428,773

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 3,428,773
Additions 36,888
3,465,661

CLIENT SCREEN TOTAL = 3,428,773


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

2024 2023
£    £   
Cost 738,644 738,644

Investment property was valued on an open market basis on 31 January 2023 by the directors. .

6. STOCKS
2024 2023
£    £   
Work-in-progress 65,459 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,712 30,055
Directors' current accounts - 33,151
Prepayments and sundry debtors 6,778 7,329
38,490 70,535

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,466 42,466
Trade creditors 1,760 4,620
Corporation tax 101,518 60,532
Social security and other taxes 11,629 13,958
Directors' current accounts 4,258 -
Accruals and deferred income 42,222 36,018
203,853 157,594

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 202,138 213,196
Loan creditor 12,553 22,986
214,691 236,182

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 221,403 222,028

Included in bank loans and overdrafts is a liability of £23,201 (2023: £33,634), which relates to the outstanding amount of a loan taken under HM Government Coronavirus Business Bounce Back Loan Scheme.
This loan carries an interest rate of 2.5% per annum and is repayable within the terms of the loan.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 2,214,891

13. RELATED PARTY DISCLOSURES

During the period to 31 January 2024, total dividends of £60,000 (2023 - £46,000) were paid to the directors.

ARROW ESTATES & PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02354524)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G J May.