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Company No: 14654634 (England and Wales)

ARCHET LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ARCHET LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ARCHET LIMITED

BALANCE SHEET

As at 31 March 2025
ARCHET LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Investment property 3 371,964 371,964
371,964 371,964
Current assets
Debtors 4 30 1,629
Cash at bank and in hand 11,028 20,167
11,058 21,796
Creditors: amounts falling due within one year 5 ( 156,655) ( 165,817)
Net current liabilities (145,597) (144,021)
Total assets less current liabilities 226,367 227,943
Creditors: amounts falling due after more than one year 6 ( 235,870) ( 235,870)
Net liabilities ( 9,503) ( 7,927)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 9,603 ) ( 8,027 )
Total shareholder's deficit ( 9,503) ( 7,927)

For the financial 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.

Directors' responsibilities:

The financial statements of Archet limited (registered number: 14654634) were approved and authorised for issue by the Board of Directors on 08 August 2025. They were signed on its behalf by:

R D A Bundock
Director
ARCHET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ARCHET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Archet limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue from services is recognised as they are delivered.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
31.03.2025
Period from
10.02.2023 to
31.03.2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2024 371,964
As at 31 March 2025 371,964

4. Debtors

31.03.2025 31.03.2024
£ £
Other debtors 30 1,629

5. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Amounts owed to Group undertakings 156,655 164,895
Other creditors 0 922
156,655 165,817

6. Creditors: amounts falling due after more than one year

31.03.2025 31.03.2024
£ £
Bank loans (secured) 235,870 235,870

The bank loans are secured on freehold properties of the Company with a carrying value of £371,964 .

7. Called-up share capital

31.03.2025 31.03.2024
£ £
Allotted, called-up and fully-paid
100 ORDINARY GBP 1.00 SHARES shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

Athirt Ltd
Towngate House, 2-8 Parkstone Road, Poole, Dorset