3 3 Arba Residential Limited 13343081 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is residential property development. Digita Accounts Production Advanced 6.30.9574.0 true false 13343081 2024-01-01 2024-12-31 13343081 2024-12-31 13343081 core:RetainedEarningsAccumulatedLosses 2024-12-31 13343081 core:ShareCapital 2024-12-31 13343081 core:CurrentFinancialInstruments 2024-12-31 13343081 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13343081 core:Non-currentFinancialInstruments 2024-12-31 13343081 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 13343081 core:MoreThanFiveYears 2 2024-12-31 13343081 bus:SmallEntities 2024-01-01 2024-12-31 13343081 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13343081 bus:FilletedAccounts 2024-01-01 2024-12-31 13343081 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13343081 bus:RegisteredOffice 2024-01-01 2024-12-31 13343081 bus:Director1 2024-01-01 2024-12-31 13343081 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13343081 1 2024-01-01 2024-12-31 13343081 countries:EnglandWales 2024-01-01 2024-12-31 13343081 2023-01-01 2023-12-31 13343081 2023-12-31 13343081 core:RetainedEarningsAccumulatedLosses 2023-12-31 13343081 core:ShareCapital 2023-12-31 13343081 core:CurrentFinancialInstruments 2023-12-31 13343081 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13343081 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 13343081 core:Non-currentFinancialInstruments 2023-12-31 13343081 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 13343081 core:MoreThanFiveYears core:PreviouslyStatedAmount 2 2023-12-31 13343081 core:PreviouslyStatedAmount 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 13343081

Arba Residential Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Arba Residential Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Arba Residential Limited

(Registration number: 13343081)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

856,514

856,514

Debtors

5

864

1,302

Cash at bank and in hand

 

24,287

14,682

 

881,665

872,498

Creditors: Amounts falling due within one year

6

(235,225)

(233,592)

Total assets less current liabilities

 

646,440

638,906

Creditors: Amounts falling due after more than one year

6

(636,253)

(636,249)

Net assets

 

10,187

2,657

Capital and reserves

 

Called up share capital

1

1

Retained earnings

10,186

2,656

Shareholders' funds

 

10,187

2,657

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:
 

.........................................
Mr A N Allen
Director

 

Arba Residential Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Thorne Road
Doncaster
South Yorkshire
DN1 2HJ
United Kingdom

The principal place of business is:
28-29 Market Place West
Ripon
HG4 1BN

These financial statements were authorised for issue by the Board on 9 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Arba Residential Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Arba Residential Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Other inventories

856,514

856,514

5

Debtors

2024
£

2023
£

Prepayments

864

1,302

864

1,302

 

Arba Residential Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

593

Amounts owed to related parties

230,333

230,334

Accrued expenses

 

4,892

2,665

 

235,225

233,592

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

636,253

636,249

2024
£

2023
£

Due after more than five years

After more than five years not by instalments

636,253

636,249

-

-

Creditors include loans which are secured of £636,253 (2023 - £636,249)

Creditors include loans not repayable by instalments of £636,253 (2023 - £636,249) due after more than five years.

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

636,253

636,249

8

Parent and ultimate parent undertaking

The company's immediate parent is Arba Developments Limited, incorporated in England and Wales.