Company Registration No. 11266635 (England and Wales)
Arcus Developments Ltd
Unaudited accounts
for the year ended 31 March 2025
Arcus Developments Ltd
Statement of financial position
as at 31 March 2025
Investment property
1,060,283
1,060,283
Cash at bank and in hand
60,541
104,924
Creditors: amounts falling due within one year
(161,179)
(204,870)
Net current liabilities
(100,638)
(99,946)
Total assets less current liabilities
959,645
960,337
Creditors: amounts falling due after more than one year
(771,066)
(776,904)
Provisions for liabilities
Deferred tax
(41,666)
(41,666)
Net assets
146,913
141,767
Called up share capital
100
100
Revaluation reserve
177,629
177,629
Profit and loss account
(30,816)
(35,962)
Shareholders' funds
146,913
141,767
For the year ending 31 March 2025 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 22 July 2025 and were signed on its behalf by
Matthew Archer
Director
Company Registration No. 11266635
Arcus Developments Ltd
Notes to the Accounts
for the year ended 31 March 2025
Arcus Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11266635. The registered office is Sopers House, Sopers Road, Cuffley, EN6 4RY.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents rents receivable. Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
1,060,283
At 31 March 2025
1,060,283
In the opinion of the directors, the investment properties are valued in the financial statements at their open market value as at 31 March 2025.
Arcus Developments Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Other creditors
6,240
6,240
Loans from directors
153,619
197,310
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
746,946
746,889
Other creditors
24,120
30,015
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).