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Registered number: NI027928










ARBOR INVESTMENTS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ARBOR INVESTMENTS LIMITED
REGISTERED NUMBER: NI027928

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,560,750
1,560,750

  
1,560,750
1,560,750

Current assets
  

Debtors: amounts falling due within one year
 6 
501,385
1,384

Cash at bank and in hand
 7 
200,987
604,691

  
702,372
606,075

Creditors: amounts falling due within one year
 8 
(40,349)
(43,835)

Net current assets
  
 
 
662,023
 
 
562,240

Total assets less current liabilities
  
2,222,773
2,122,990

  

Net assets
  
2,222,773
2,122,990


Capital and reserves
  

Called up share capital 
  
2,778
2,778

Capital redemption reserve
  
7,222
7,222

Profit and loss account
  
2,212,773
2,112,990

  
2,222,773
2,122,990


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 December 2024.




Mrs Catherine McKeefry
Mr Pearse McKeefry
Director
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
ARBOR INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Arbor Investments Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 114 Grove Road, Swatragh, BT46 5QZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


Page 2

 
ARBOR INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Nil depreciation

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Page 3

 
ARBOR INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.10

Financial liabilities

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Financial liabilities within the scope of IAS 39 are initially classified as financial liabilities at fair value through profit or loss, loans and borrowings, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loans and borrowings, plus directly attributable transaction costs.
Subsequently, the measurement of financial liabilities depends on their classification as follows:


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In  the application of the company’s accounting policies, the directors are required to make judgements, estimates  and  assumptions  about  the  carrying  amount  of  assets  and  liabilities  that  are  not  readily apparent  from  other  sources.  The  estimates  and  associated  assumptions  are  based  on  historical experience  and  other  factors  that  are  considered  to  be  relevant.  Actual  results  may  differ  from  these estimates.
The  estimates  and  underlying  assumptions  are  reviewed  on  an ongoing  basis. Revisions to  accounting estimates  are  recognised  in  the  period  in  which  the  estimate  is  revised  where  the  revision  affects  only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 


4.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 4

 
ARBOR INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 October 2023
1,560,750



At 30 September 2024

1,560,750






Net book value



At 30 September 2024
1,560,750



At 30 September 2023
1,560,750


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
500,000
-

Prepayments and accrued income
1,385
1,384

501,385
1,384


Amounts owed by group undertakings are interest free, repayable on demand and unsecured.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
200,987
604,691

200,987
604,691


Page 5

 
ARBOR INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
32,249
35,784

Other taxation and social security
6,250
6,204

Accruals and deferred income
1,850
1,847

40,349
43,835



9.


Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 Section 33.1A "Related Party Disclosures", which allows 100% owned subsidiaries to not disclose details of transactions with it parent or fellow 100% owned subsidiary companies as consolidated accounts are publicly available.


10.


Controlling party

The immediate and ultimate parent undertaking is Aiguille Investments Limited, a company incorporated in Northern Ireland, and its registered office is 114 Grove Road, Swatragh, Co Londonderry, BT46 5QZ.
The smallest and largest undertaking of which the company is a member, and for which group financial statements are prepared is Aiguille Investments Limited. Group financial statements for this company are prepared and are available to the public from Companies House. 
The ultimate controlling party is Pearse McKeefry by virtue of his shareholding.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 13 December 2024 by Teresa Campbell (Senior statutory auditor) on behalf of AAB Group Accountants Limited.

Page 6