REGISTERED NUMBER: 06189912 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Arena Residents Association Limited

Company Limited by Guarantee

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Knowles

G Jarand

C Stephens

G McCartan

J Holden

N J Meggison

L R Baird-Murray

G Bates

J M O'Brien

A I Gardiner

SECRETARY:

F Knowles

REGISTERED OFFICE:

3 - 5 College Street

Nottingham

Nottinghamshire

NG1 5AQ

REGISTERED NUMBER:

06189912 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,117

-

Investment property

5

245,000

245,000

246,117

245,000

CURRENT ASSETS

Debtors

6

14,455

21,564

Cash at bank

279,526

165,903

293,981

187,467

CREDITORS

Amounts falling due within one year

7

187,735

85,541

NET CURRENT ASSETS

106,246

101,926

TOTAL ASSETS LESS CURRENT LIABILITIES

352,363

346,926

CREDITORS

Amounts falling due after more than one year

8

(390,000

)

(390,000

)

PROVISIONS FOR LIABILITIES

(212

)

-

NET LIABILITIES

(37,849

)

(43,074

)

RESERVES

Retained earnings

(37,849

)

(43,074

)

(37,849

)

(43,074

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

F Knowles - Director

1.	STATUTORY INFORMATION

Arena Residents Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents membership fees and ground rent received during the period as well as rental income from the letting of guest suites.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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 year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

260

Additions

1,167

At 31 March 2025

1,427

DEPRECIATION

At 1 April 2024

260

Charge for year

50

At 31 March 2025

310

NET BOOK VALUE

At 31 March 2025

1,117

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

245,000

NET BOOK VALUE

At 31 March 2025

245,000

At 31 March 2024

245,000

Cost or Valuation at 31 March 2025 is represented by:

£

Cost 2009

415,734

Change in valuation (2012)

(200,734

)

Change in valuation (2016)

20,000

Change in valuation (2021)

10,000

245,000

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

2,192

3,137

Other debtors

6,263

6,427

8,455

9,564

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

6,000

12,000

Aggregate amounts

14,455

21,564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,687

1,158

Taxation and social security

1,263

1,598

Other creditors

184,785

82,785

187,735

85,541

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

390,000

390,000

9.	RELATED PARTY DISCLOSURES

At 31 March 2025 an amount of £182,517 (2024: £80,784) was held on behalf of the leaseholders in relation to the sinking fund.

Included in other creditors over one year was £390,000 (2024: £390,000) owed to the members which included £60,000 (2024: £54,000) for the directors.

10.	COMPANY LIMITED BY GUARANTEE

Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

11.	GOING CONCERN

The company has a balance sheet deficit of £37,849 (2024: £43,074). Included in creditors is an amount due to the members totalling £390,000 (2024: £390,000) which represents loans from members, the loans are repayable at the discretion of the company. The members are confident that there will be sufficient money to meet debts as they fall due. The accounts are therefore being prepared on the going concern basis.