Company Registration No. 04299068 (England and Wales)
Arundel House Development Limited
Unaudited accounts
for the year ended 31 December 2024
Arundel House Development Limited
Unaudited accounts
Contents
Arundel House Development Limited
Company Information
for the year ended 31 December 2024
Company Number
04299068 (England and Wales)
Registered Office
1-5 Vyner Street
Tower Hamlets
London
E2 9DG
Arundel House Development Limited
Statement of financial position
as at 31 December 2024
Investment property
14,000,000
14,000,000
Debtors
5,060,471
5,313,189
Cash at bank and in hand
118,753
17,620
Creditors: amounts falling due within one year
(3,196,557)
(3,335,794)
Net current assets
1,982,667
1,995,015
Total assets less current liabilities
15,985,381
15,995,716
Creditors: amounts falling due after more than one year
(5,212,828)
(5,228,428)
Provisions for liabilities
Deferred tax
(1,651,937)
(1,651,937)
Net assets
9,120,616
9,115,351
Called up share capital
670
670
Share premium
434,668
434,668
Profit and loss account
8,685,278
8,680,013
Shareholders' funds
9,120,616
9,115,351
For the year ending 31 December 2024 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 director acknowledges his 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 and authorised for issue on 23 September 2025 and were signed on its behalf by
Mr B G Morris
Director
Company Registration No. 04299068
Arundel House Development Limited
Notes to the Accounts
for the year ended 31 December 2024
Arundel House Development Limited is a private company, limited by shares, registered in England and Wales, registration number 04299068. The registered office is 1-5 Vyner Street, Tower Hamlets, London, E2 9DG.
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.
Revenue is recognised to the extent that it is probably that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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.
Investments in subsidiaries are measured as cost less accumulated impairment.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Arundel House Development Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
116,107
31,382
649
148,138
At 31 December 2024
116,107
31,382
3,316
150,805
At 1 January 2024
116,107
30,940
390
147,437
Charge for the year
-
169
485
654
At 31 December 2024
116,107
31,109
875
148,091
At 31 December 2024
-
273
2,441
2,714
At 31 December 2023
-
442
259
701
Fair value at 1 January 2024
14,000,000
At 31 December 2024
14,000,000
The investment property was valued by the director as at 31 December 2023. The director is of the opinion that this was the fair value as at the balance sheet date.
Amounts falling due within one year
Trade debtors
115,971
263,503
Accrued income and prepayments
14,050
11,230
Other debtors
4,930,450
5,038,456
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
49,212
37,911
Taxes and social security
1,169
672
Other creditors
514,868
331,132
Loans from directors
2,409,564
2,724,863
Deferred income
140,130
130,719
Arundel House Development Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
5,000,000
5,000,000
Other creditors
212,828
228,428
The bank loans falling due over one year are secured over the assets of the company.
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).