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REGISTERED NUMBER: 04036990 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MODERNARC LTD.

MODERNARC LTD. (REGISTERED NUMBER: 04036990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1


MODERNARC LTD. (REGISTERED NUMBER: 04036990)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
£    £    £    £   
FIXED ASSETS 2,188 5,471

CURRENT ASSETS 225,310 131,031

CREDITORS
Amounts falling due within one year (135,849 ) (137,762 )
NET CURRENT ASSETS/(LIABILITIES) 89,461 (6,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,649

(1,260

)

CREDITORS
Amounts falling due after more than one
year

(17,007

)

(26,324

)
NET ASSETS/(LIABILITIES) 74,642 (27,584 )

CAPITAL AND RESERVES 74,642 (27,584 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Modernarc Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04036990

Registered office: 18 Glasshouse Studios
Fryern Court Road
Fordingbridge
Hampshire
SP6 1QX

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr P J Heffernan
Balance outstanding at start of year 58,712 48,551
Amounts advanced 49,207 35,724
Amounts repaid (52,701 ) (25,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,218 58,712

MODERNARC LTD. (REGISTERED NUMBER: 04036990)

BALANCE SHEET - continued
31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr A C Wong
Balance outstanding at start of year 28,309 36,480
Amounts advanced 108,101 49,900
Amounts repaid (100,327 ) (58,071 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,083 28,309

Interest was charged on the overdrawn loan accounts at HMRC's official rate of interest.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





Mr A C Wong - Director