| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 12th February 2024 to 28th February 2025 |
| for |
| Archimedes Developments Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 12th February 2024 to 28th February 2025 |
| for |
| Archimedes Developments Ltd |
| Archimedes Developments Ltd (Registered number: 15483204) |
| Contents of the Financial Statements |
| for the Period 12th February 2024 to 28th February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Archimedes Developments Ltd |
| Company Information |
| for the Period 12th February 2024 to 28th February 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 34 - 35 Clarges Street |
| Mayfair |
| London |
| W1J 7EJ |
| Archimedes Developments Ltd (Registered number: 15483204) |
| Balance Sheet |
| 28th February 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The director acknowledges his 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. |
| The financial statements were approved by the director and authorised for issue on |
| Archimedes Developments Ltd (Registered number: 15483204) |
| Notes to the Financial Statements |
| for the Period 12th February 2024 to 28th February 2025 |
| 1. | STATUTORY INFORMATION |
| Archimedes Developments Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| Investment property is initially recognised at its purchase price. It is subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Fair value is derived from the current market rents and investment property yields for comparable properties |
| Financial instruments |
| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans from related parties. |
| Taxation |
| Taxation for the period 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. |
| 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 period 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 period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 28th February 2025 |
| NET BOOK VALUE |
| At 28th February 2025 |
| Archimedes Developments Ltd (Registered number: 15483204) |
| Notes to the Financial Statements - continued |
| for the Period 12th February 2024 to 28th February 2025 |
| 4. | INVESTMENT PROPERTY - continued |
| For two properties included in Investment Property, contracts were exchanged during the period, but completion is due to take place after the period end. The exchange of contracts is legally binding, the company has an entitlement to the property and a financial obligation to pay for it. The full cost of the property is therefore recognised at the balance sheet date, with the outstanding amount to be paid shown in other creditors. |
| The directors consider the fair value of the properties at the period end to be their purchase price |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| Other debtors consists of a deferred tax asset, calculated at 25% (UK rate of corporation tax) of taxable losses carried forward. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| Other creditors |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Mortgages | 438,260 |
| Amounts included in bank loans within non-current creditors, relate to mortgages secured against the investment properties held by the company. |
| 9. | RELATED PARTY DISCLOSURES |
| At the period end, the director was owed £274,432 by the company. This loan does not bear interest and is repayable on demand. |